Informed Decisions Independent Financial Planning & Money Podcast Two Big Pension Changes You Need To Know About For 2026
Jan 13, 2026
Exciting changes are coming to pensions in 2026! Discover how new European regulations impact executive and small self-administered schemes. Learn about mandatory moves to master trusts and their pros, like smoother administration, but also their drawbacks, such as limited investment options. Explore the new Revenue rules that restrict pension transfers after Normal Retirement Age, affecting retirement strategies. Practical tips on what you should do now could save you from unwanted surprises!
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IORPS2 Forces Action On Single-Member Schemes
- IORPS2 forces single-member executive and SSAS schemes to comply or be wound up by April 2026.
- Trustees must upgrade governance or transfer assets, so many schemes will move to master trusts.
Confirm If Your Scheme Is Moving Now
- Check whether your executive pension has already been moved to a master trust and read any letters from your provider.
- If not, start the process now by talking to your trustees or advisor to avoid last-minute transfers.
Master Trusts Centralize Compliance But Limit Choice
- Master trusts centralize compliance, governance and administration across many employers to spread cost and meet IORPS2.
- They reduce trustee burden but often narrow investment choice and personalisation.