The SPP backs the FCA & TPR’s proposed Value for Money framework
but calls for improvements.
- 04/03/2026
This response sets out SPP's views on proposals designed to ensure that trusteeship, governance and administration standards keep pace with the evolving pensions landscape.
The SPP response emphasises that the UK’s current trusteeship framework is working well for the vast majority of members, delivering secure benefits and governance standards that are proportionate to scheme size and complexity.
- 02/03/2026
This response sets out SPP's views on TPR's draft code of practice that will amend the existing CDC code which applies to single and connected employer CDC schemes (‘single-employer CDC schemes’).
Whilst expressing support for TPR’s intention to move towards a single code of practice, the SPP provides a number of comments intended to improve the code of practice and support its effective implementation.
Tags: CDC, pension, Pension Schemes, policy, SPP,
- 12/02/2026
Like the FCA, the SPP wants a pension market that helps consumers> However, our response cautions that regulators must be wary of adding additional costs and complexity.
Tags: Consumer Duty, digital tools, DWP, FCA, pension, Pensions, regulated, regulation, SPP,
- 09/02/2026
The SPP has worked closely with the PPF and a range of stakeholders to help ensure the Pension Schemes Bill introduced the necessary flexibility for the PPF to reduce its levy to zero, so we are naturally pleased this is happening.
Whilst this consultation response highlights our support for a reduced levy, we have also taken the opportunity to highlight a number of issues to help improve administrative aspects of the regime.
Tags: DB Schemes, levy, pension, Pension Protection Fund, Pensions, PPF,
- 05/01/2026
The SPP recognises that a sustainable LGPS is in the best interests of scheme members, employers and local taxpayers and so has provided a range of technical comments that should prove helpful in ensuring that government policy intentions are met and that unintended consequences are minimised.
- 02/01/2026
This response sets out the SPP’s views on government proposals to extend access to the LGPS to Mayors and Councillors; to prevent contribution rate shopping by Academies; and to New Fair Deal proposals to help ensure continued access to the LGPS for outsourced workers.
Tags: LGPS, Local Government, pension, Pensions, Public Sector,
- 09/12/2025
This response acknowledges that there are arguments for and against Retirement CDC schemes being made available in the retail environment; strongly supports the introduction of a ‘cohorting’ approach; and agrees that there is a strong case for a charge cap to be introduced.
If the Government introduces their Guided Retirement requirements on DC schemes in advance of Retirement CDC being made available, schemes may not have much appetite to revisit their Guided Retirement options in the short term. This could represent a substantial missed opportunity.
Tags: CDC, Collective Defined Contribution, pension, Pensions, Retirement CDC, SPP,
- 03/12/2025
SPP's short response to The Pensions Regulator's Enforcement Strategy consultation, which expresses support for the broad thrust of the proposed changes whilst detailing some areas where unintended outcomes could arise and where further clarification would be helpful.
Tags: enforcement, pension, Pensions, regulation, SPP, The Pensions Regulator,
- 10/11/2025
This SPP response to the government’s latest review of the SPA, highlights that if wider terms of reference, including the purpose of the State Pension, had been provided, this would have enabled more relevant factors to be considered and potentially better outcomes.
The response addresses questions relating to an increase in the SPA and proposals for an automatic adjustment mechanism too.
Tags: State Pension, State Pension Age,
- 22/10/2025
The Society of Pension Professionals (SPP) response to the
House of Lords Economic Affairs Finance Bill Sub-Committee
October 2025 call for evidence on reforming inheritance tax: unused pension funds and death benefits.
Tags: inheritance tax, legislation, Lords, pension, Pension Pots, Pensions, Tax,
- 07/10/2025
The SPP has two key concerns with this draft legislation – the proposed definition of “tax adviser” and therefore the scope of the legislation and the current omission of any exemption for pension professionals.
Tags: draft legislation, IHT, inheritance tax, legislation, pension, Pensions, Tax,
- 15/09/2025