UK Pensions: What’s new this week? - June 8, 2026

Abolition of lifetime allowance: further clarificatory regulations

Draft regulations making corrective amendments following the abolition of the lifetime allowance (LTA) have been laid before Parliament. This is the fourth and final set of technical amendments to ensure that the legislation accurately delivers the intended tax position, in response to issues identified by HMRC. 

Among other matters, they include information requirements, namely that transferring scheme administrators must provide information about a member's stand-alone lump sum maximum on a recognized transfer, and that an individual with a transitional tax-free amount certificate who joins a new pension scheme must provide a copy to the new scheme's administrator within 90 days or before the first relevant benefit crystallization event, whichever is earlier.

Like similar previous regulations, these regulations will have retrospective effect from April 6, 2024, where required, to reflect the date the LTA was abolished.

Read the draft Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2026.

Government response to CDC consultation

The government has published a response to part of its consultation on Collective Defined Contribution (CDC) arrangements, alongside updated draft regulations. This relates to amendments to allow transfers without member consent to authorized CDC schemes. The government is largely maintaining its proposed position, aligned with the approach that has already been established for transfers without consent to authorized master trusts.

The DWP has confirmed its intention that transfers into retirement CDC schemes should continue to require consent, on the basis that members do not have a statutory right to transfer out once benefits crystallize. It will consider what steps are needed to exclude retirement CDC schemes from accepting transfers without consent.

The DWP plans to bring these regulations into force at the end of July, alongside regulations expanding the scope of the current CDC framework to allow unconnected employers to participate in a CDC arrangement. DWP guidance on transfers without consent has been updated to reflect the proposed changes.

Read the consultation response, draft regulations and the updated guidance.