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Four in five adults unaware of pensions dashboard


By Callum Conway

Four in five UK adults remain unaware of pensions dashboards, despite the approaching connection deadline and growing expectations that the tool will play a key role in retirement planning, research from KPMG UK has revealed.

The study found that 80 per cent of UK adults have not heard of the pensions dashboard, with awareness particularly low among those closest to retirement


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Over £160bn of DC assets in hands of fewer than 50 trustees, LCP warns

Fewer than 50 trustees now control more than half of all occupational (trust-based) defined contribution (DC) pension assets, according to research from LCP, raising concerns over governance, accountability and outcomes as the market consolidates into megafunds

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Clara Pensions appoints Broadstone following transfer of Videndum members

Clara Pensions has appointed Broadstone to administer a new section of the Clara Pension Trust following the transfer of Videndum Defined Benefit (DB) Pension Scheme members

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People’s Partnership becomes first master trust to join PMI development programme

People’s Partnership has become the first UK master trust provider to join the Pensions Management Institute (PMI) Development Partner programme, in a move aimed at strengthening professional standards and workforce capability across the organisation

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SIPP investors evolve strategies as they move through life stages

Savers with a self-invested personal pension (SIPP) are changing investment strategies according to their stage of life, research from Interactive Investor has found

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DB schemes hold fire on credit allocations amid volatility and tight spreads

Defined benefit (DB) pension schemes are holding back from increasing allocations to credit despite heightened market volatility, as persistently tight spreads limit attractive entry points, according to BNP Paribas Asset Management

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Savers missing out on compounding due to end-of-year pension habits

Savers making end-of-year pension contributions may have missed out on compounding benefits, as analysis from Penfold has shown that March payments were up to four times higher than monthly averages

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TPR urges schemes to prioritise value data and user testing as dashboards deadline nears

The Pensions Regulator (TPR) has advised pension schemes to concentrate on value data and learn lessons from user testing, with the connection deadline for pensions dashboards less than six months away
Regulators acknowledge VFM concerns; further consultation expected

Industry experts from the Department for Work and Pensions (DWP), the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have acknowledged concerns raised in response to the Value for Money (VFM) consultation, with a further consultation expected to address these issues
Annuity rates rise to 7.62% in March

Average annuity rates increased to 7.62 per cent in March, boosting potential retirement income, the Standard Life Annuity Rate Tracker has shown
Master trusts improve service standards and decumulation options

Master trusts are showing evidence of improved service standards and broadening their decumulation options, although no provider has yet provided a complete package, according to a report by LCP

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PMI opens public applications for new trustee programme

The Pensions Management Institute (PMI) has announced that it has opened public applications for its Trustee Accelerator Programme (TAP), aimed at improving standards across the industry
Pensions system ‘built for stable lives’ failing disadvantaged groups

People from disadvantaged groups have been failed by a pensions system "built for stable lives", research by Daniela Silcock Pensions Research (DSPR) and Ignition House has found


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Aviva Workplace pensions director, Simon Ellis, explains how financial wellbeing isn’t just a buzzword; it should be a business necessity.

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Swipe right for retirement: Can pension apps match modern expectations?

As consumer technology races ahead, pensions are still struggling to deliver digital experiences that feel intuitive, responsive and engaging. Callum Conway explores whether pension apps are finally closing the gap

Sizing up the social mobility challenge

Paige Perrin investigates why social mobility in the UK pensions industry remains limited, and how apprenticeships, DEI initiatives, and smarter recruitment could finally open the doors to a more diverse workforce, in the latest for Pensions Age’s special focus on DEI

Disclosures without the drama

As policymakers grapple with the future of pension sustainability reporting, UK Sustainable Investment and Finance Association (UKSIF) chief executive, James Alexander, sits down with Sophie Smith to call for smarter, more coherent disclosure rules that drive real-world outcomes, rather than red tape barriers

Going private: The asset class gathering pace

As the Mansion House Compact and Accord take hold, UK pension schemes are stepping up allocations to private markets. Sandra Haurant reports

Is this the real life? Is this just fantasy?

The challenge for the pensions industry to spot AI-generated ‘deepfakes’, and the role they may play in identity fraud

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As the number of self-employed continues to rise, what changes are required to better assist them in their retirement saving?

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With the professional trustee market reportedly entering a new stage of maturity, Laura Blows

explores whether the sector is experiencing any growing pains

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Employer Covenant Practitioners Association chair, Luke Hartley, explores the continued importance of the employer covenant throughout this period of great change

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Universities Superannuation Scheme (USS) pensions operations and services executive,

Stephen Worthington, explains how the UK’s largest private pension scheme has made member experience central to its operations

Cheap and cheerful?

The debate between cost and value has continued to persist, as whilst increased scale has allowed providers to negotiate better fees, not all are convinced that this is delivering the best value for savers

Closing the disability pensions gap

Many people with disabilities are unable to accumulate significant occupational or private pension savings, in part because of the difficulties to find work and the struggles they may face within the workplace. David Adams looks at what the pensions industry, employers and policymakers might do to help ensure more disabled people can enjoy a better income in retirement

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After years of planning, the first multi-employer CDC pension schemes could be launched as early as 2027, with regulators set to publish rules this autumn

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Insurance, data and the path to buyout
Laura Blows discusses the challenges facing the DB sector and how small schemes can avoid a traffic jam en route to insurance, with Isio partner, Sam Coombes, and fellow Isio partner, Steve Robinson

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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

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