DC update: Master trusts, powerbrokers, and the Pensions Schemes Act 2026

At our DC & Financial Wellbeing conference, our 'DC symphony' theme centred on collaboration – trustees, employers and providers working more effectively in concert to deliver better member outcomes. The conference provided the colour and commentary, two new reports the rhythm, and ‘mandation’ the dominant motif. Parliament may have edged back from the brink, but the intervention power remains – latent, not defused, and ready to re-enter proceedings if progress disappoints. Beyond Westminster’s mandation theatrics, the reality of retirement is hardening. State Pension age is now creeping...