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Bell confirms govt intent to abolish PPF administration levy


By Sophie Smith

Pensions Minister, Torsten Bell, has confirmed the government's intent to abolish the Pension Protection Fund's (PPF) administration levy, with plans to include this as part of the next round of amendments to the Pension Schemes Bill.

Whilst Bell said that the amendment tabled by the Liberal Democrats was "unworkable" as it is currently drafted, he confirmed that this is an issue that the government  is planning to address through future amendments


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Solution to small pots 'within reach'; calls to use existing infrastructure

A united, industry-delivered model offers a feasible and cost-effective solution for implementing the Small Pots Data Platform by 2030, Pensions UK's Small Pots Feasibility Review has found

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TPR launches consultation on new enforcement strategy

The Pensions Regulator (TPR) has launched a consultation on its new proposed enforcement strategy, which includes changes designed to make enforcement smarter, more strategic, and more impactful

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Ultra Electronics Pension Scheme secures £250m full scheme buy-in with Just Group

The Ultra Electronics Pension Scheme has completed a £250m full scheme buy-in with Just Group, securing the benefits of more than 1,750 members

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State pension boost raises concerns for tax thresholds and triple lock

The state pension is set for a 4.7 per cent boost in 2026, although industry experts have warned that the upcoming increase could not only cause further concern over the future of the state pension triple lock, but also see a growing number of pensioners paying tax

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'Still issues to iron out' on plans to bring pensions into IHT scope, HMRC told

HMRC has been urged to improve the draft legislation relating to inheritance tax on pensions, with the Society of Pension Professionals (SPP) warning that changes are needed to ensure it better delivers the original policy intent and avoids unintended consequences.

Although the pensions industry welcomed the news that HMRC had made amendments to its plans to address industry concerns, the SPP said that, despite these improvements, there are "still some issues to iron out"

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More than half of UK adults unaware of key pension policy changes

More than half of UK adults (51 per cent) are unaware of upcoming pension policy changes that could have a major impact on their retirement plans, according to new research from Schroders Personal Wealth (SPW)

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Pensions Awareness Week 2025: An uphill challenge

As Pensions Awareness Week 2025 kicks off, Sophie Smith takes a closer look at the need to improve saver engagement and understanding, amid growing pension adequacy concerns
Calls grow for action as only 3% of employees trust the state pension

With only 3 per cent of UK employees confident that the state pension will be a sufficient source of income, many are demanding more action from the government to safeguard their retirement, research from Herbert Smith Freehills Kramer has found
Report calls for £100bn pension ‘superfund’ to back tech growth

The UK should establish a £100bn pension ‘superfund’ to support the nation’s tech sector and help build a £1trn tech economy, a new report from The Purposeful Company has said
Bell hits back at Budget speculation, confirms triple lock commitment

Pensions Minister, Torsten Bell, has dismissed recent speculation surrounding possible pensions measures in the upcoming Autumn Budget as “nonsense,” urging the industry to focus instead on the government’s track record.

Whilst the Minister refused to be drawn in on Budget speculation, he confirmed that the state pension triple lock is still set to stay for the rest of parliament, in line with Labour’s election manifesto commitments

PMI appoints Giresh Menezes as president

The Pensions Management Institute (PMI) has appointed Girish Menezes as its new president, alongside three new non-executive directors (NEDs) to its board
Obituary: Peter McEwen

The Merchant Navy Officers Pension Fund (MNOPF) has announced that its former chair, Peter McEwen, has died at the age of 76


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Endgame: The steps to success

Just Defined Benefits head of proposition development, Andy Fryer, shares what he has learnt following his move from the consultancy side to now working for an insurer

Podcast: Who matters most in pensions?

CIn the latest Pensions Age podcast, Francesca Fabrizi speaks to Capita Pension Solutions global practice leader & chief revenue officer, Stuart Heatley, about who matters most in pensions and how to best meet their needs

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Susan Hoare explores how pension scheme trustees can get the most value from their first Own Risk Assessment (ORA).

Pension reform with long-term ambitions

The Pension Schemes Bill proposes a bold shift in UK pensions; delivering real value requires industry-wide effort

Surplus extraction is here: What should DB schemes do now?

L&G Head of Endgame Solutions, Mathew Webb, outlines what DB schemes should do now as surplus extraction rules evolve

LGPS: Staying on track

As the government ramps up its focus on the LGPS, our panel looks at what lies ahead for the scheme, the challenges it faces and the investment opportunities out there

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Shifting gears

As the pensions landscape consolidates and evolves, Paige Perrin examines how The Pensions Regulator is adapting its role by shifting toward a more ‘prudential’ style of regulation. But what does this mean for the industry, and how is it reshaping relationships between the regulators, pension schemes, and trustees?

Finally on target?

Callum Conway looks at why the freedom and choice reforms failed to close the pensions advice gap, and how targeted support might offer the solution

Getting to grips with the pension ethnicity gap

Pension engagement among non-white savers is still lagging, posing challenging questions for the industry to answer. As part of Pensions Age’s year-long focus on diversity, equity and inclusion (DEI), Jon Yarker finds out more

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Getting entangled in sustainable investing red tape

UK pension schemes have a unique role to play in driving sustainable impact, but complex rules are slowing momentum

Eyes on the prize

Regulators and policymakers continue to consult on whether DC schemes provide value

for money to members. But is there a risk their good intentions will be overwhelmed by other

political priorities? David Adams reports

Thinking differently

As part of Pensions Age’s year-long special focus on diversity, equity and inclusion (DEI),

Laura Blows explores neurodiversity and the pensions workplace

The best laid plans?

The government has confirmed that it will share a pension reform roadmap, but exactly what should be at the top of this list? Sophie Smith reports

Building a buy-in

Skipton group pensions manager, Andy Cheetham, pulls back the curtain on the pension scheme’s recent journey to a full buy-in

From data to delivery

Pensions Age sits down with Pension Administration Standards Association (PASA) chair, David Fairs, to discuss his newly appointed role and to find out how the association is raising administration standards and tackling data and dashboards challenges head-on

Trump’s tariffs spark a closer look at Europe

Sandra Haurant considers how Trump’s tariffs may have shifted investor attitudes towards the

European equities market

Inherited problems

The government’s plans to include pensions in the scope of inheritance tax has generated concern about how its rules can be feasibly implemented within the pensions industry. Laura Blows finds out more

Turning back time

DB schemes are currently enjoying funding surpluses, but haven’t we been here before? Laura Blows considers the changes and challenges that have occurred since the previous era of DB surplus in the 1980s/1990s, and the lessons to be learnt from that time

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Cyber Risk
In our latest Pensions Age podcast, Laura Blows discusses cyber risk with Aon partner Paul McGlone, and HSBC Bank Pension Trust (UK) trustee chief risk officer, Cheryl Payne.

A changing DC market
In our latest Pensions Age video interview, Aon DC senior partner and head of DC consulting, Ben Roe, speaks to Laura Blows about the latest changes and challenges within the DC sector

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Podcast: Who matters most in pensions?
In the latest Pensions Age podcast, Francesca Fabrizi speaks to Capita Pension Solutions global practice leader & chief revenue officer, Stuart Heatley, about who matters most in pensions and how to best meet their needs
Podcast: A look at asset-backed securities
Royal London Asset Management head of ABS, Jeremy Deacon, chats about asset-backed securities (ABS) in our latest Pensions Age podcast

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