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Govt undertaking assessment of Capita after CSPS recovery deadline passes

By Callum Conway

7/7/2026

The government is undertaking a “comprehensive assessment” of Capita’s latest data on the administration of the Civil Service Pension Scheme (CSPS), after the contractor’s end-June recovery deadline passed.

In a written ministerial statement on 6 July, Paymaster General and Minister for the Cabinet Office, Nick Thomas-Symonds, noted that Capita had been working to restore CSPS administration to contractual levels following its “failed transition” in December 2025

Nest reduces its gender and ethnicity pay gaps; ‘further sustained effort’ still required

Nest reduced its gender and ethnicity pay gaps in 2025/26, but acknowledged that “further sustained effort” was still needed, its 2026 Pay Gap Report has revealed

Well-funded defined benefit (DB) schemes could be missing out on millions of pounds in surplus by delaying endgame decisions, according to research by Van Lanschot Kempen Investment Management UK

Most major DC pension providers yet to meet £25bn scale threshold

Most major defined contribution (DC) pension providers are not currently meeting the £25bn minimum scale requirement set out under the Pension Schemes Act 2026, Hymans Robertson has found, with only seven of the 16 providers analysed above the threshold

Burnham reiterates Labour commitment to triple lock

Andy Burnham, who looks set to replace Keir Starmer as Prime Minister, has confirmed that he will retain the state pension triple lock if he becomes Labour leader

FSCS pays out £125m in compensation for unsuitable advice in 2025/26

The Financial Services Compensation Scheme (FSCS) paid out more than £125m in compensation to customers who received unsuitable investment, pension, and self-invested personal pension (SIPP) advice in 2025/26, its Annual Report and Accounts has revealed

STS Field Grant Limited Pension Scheme completes £5m buy-in with Aviva

The STS Field Grant Limited Pension Scheme has secured a £5m full scheme buy-in with Aviva, securing the benefits of 48 scheme members

Retirement a 'modern taboo' as savers avoid discussions about later life

Almost half (48 per cent) of UK adults have never discussed retirement with their family, despite widespread concerns over later-life finances, research from Moneybox has found

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Highlighted Content

Modernising stability in an age of pension freedoms – free annuity guidance for People’s Pension members

CDC in the UK pensions market

Pensions Age editor, Laura Blows, talks to Sophie Dapin, Director, Institutional Solutions EMEA at BlackRock, and host of BlackRock’s Rewiring Retirement podcast, about the growing interest in collective DC in the UK pensions market

Investment governance: Striving for excellence

What are the investment governance challenges for small schemes? Are today’s operating models fit-for-purpose? Where does AI fit into the governance framework? These are just some of the questions our governance panel addresses this month

Rothesay publishes its latest edition of "The journey to buy-out: The evolving endgame"

This year’s edition covers current topics exploring how the BPA market is evolving and driving innovation, as well as how the market is adapting to the needs of schemes of all sizes.

Three steps to smarter risk management for boards

David Burwell explores how boards can identify and manage the top risks facing their pension schemes

Creating value while navigating change

With so much change on the DC/master trust agenda, our panel of experts explores topics including default retirement solutions, private markets, targeted support and more

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Latest Podcasts

Podcast: From pension pot to flexible income for life

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

The role of CDC

In the latest Pensions Age podcast, Laura Blows speaks to TPT Retirement Solutions Chief Client Strategy Officer, Andy O’Regan, about the role of collective DC (CDC) within the UK pensions space

Keeping on track

In the latest Pensions Age podcast, Sophie Smith talks to Pensions Dashboards Programme (PDP) principal, Chris Curry, about the latest pensions dashboards developments, and the work still needed to stay on track

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Check out our latest appointments

Appointments update - 7 July 2026

BESTrustees has announced the appointment of Jay Solanki as a professional trustee

Appointments update – 30 June 2026

Standard Life has appointed Nick Johnson as managing director for direct-to-customer within its Pensions and Savings business

Appointments update – 23 June 2026

Zedra client director, Dan Whincup, has been appointed as chair of the Member Services Committee (MSC) for The Pensions Trust

Appointments update – 19 June 2026

The Association of Member Nominated Trustees (AMNT) has appointed Lewis Brown as vice chair

Appointments update – 15 June 2026

Isio has appointed Dan Thomas as chief executive officer, effective 1 September

Check out our latest features

The right connection

Targeted support currently only falls under the Financial Conduct Authority’s remit with DC schemes. Paige Perrin investigates if there could be space to explore expanding the regime to The Pensions Regulator’s jurisdiction of DB schemes and beyond

The burden of choice

Callum Conway explores whether pension schemes should prioritise preserving member choice or designing better defaults as the industry grapples with disengagement, decumulation and increasingly complex retirement decisions

Self-employment and pension saving: Navigating the challenge

Greater policy attention is being given to the self employed retirement savings gap, but what is realistically needed to help close this?

Born in the USA

Sandra Haurant explores why, despite growing concerns over concentration risk, tariffs and AI-fuelled volatility, US equities remain an unavoidable cornerstone of UK pension investment strategies

A power struggle

At the end of April, the long-running dispute about including investment mandation powers in the Pension Schemes Bill was finally settled with a last-minute compromise, after the row had threatened to sink the whole Bill. But why did this proposal to compel investment in some UK assets unite most of the pensions industry in opposition to it – and is the issue now really resolved? David Adams reports

Taxing confidence

With upcoming tax changes set to reshape both pension contributions and inheritance, Paige Perrin examines how reforms to salary sacrifice and inheritance tax (IHT) could affect saving behaviour, potentially weakening incentives at a critical time for pension adequacy

Adapting to change

Pensions Policy Institute director, Chris Curry, sits down with Paige Perrin to discuss the organisations latest work, ongoing adequacy challenges and the future of the UK pension system

Behind the net-zero divide

A widening gap is emerging in UK pensions’ climate ambition. While the largest schemes push ahead with net-zero targets and delivery plans, smaller DB funds are struggling to keep pace. Is this down to limited resources and regulatory reach, or a deeper question of relevance as many schemes edge towards their endgame?

Which way to turn

As the number of endgame paths increases, Gill Wadsworth explores how those managing DB schemes are deciding which route to take

Small schemes, powerful voices

Francesca Fabrizi speaks with ShareAction CEO, Catherine Howarth, and Trustee Sustainability Working Group Chair, Bobby Riddaway, about how collaboration can empower even small pension schemes to drive meaningful corporate change

Shaping regulatory evolution

Financial Reporting Council executive director of regulatory codes and standards, Mark Babington, sits down with Paige Perrin to discuss the regulator’s current priorities, including its consultation on proposed changes to actuarial standards for CDC schemes and its ongoing work on the UK Stewardship Code

Rules and regulation roundup: What the FCA and TPR have on their plates

Callum Conway looks at how the FCA and TPR are moving from consultation to delivery, as targeted support, dashboards and the Pension Schemes Act drive a more outcome-focused, data-driven pensions system

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Covenant and Financial Analyst

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Your role will sit within our Market Oversight directorate, Market Oversight plays a central role in helping us understand how the pensions market is evolving and where risks and opportunities are emerging. You will contribute to building a system-wide view of schemes and the wider market—using data, insight and engagement to identify potential risks to members, and to highlight areas where standards can be improved. This includes monitoring trends, horizon scanning for new developments, and supporting proactive engagement with schemes and industry stakeholders in line with our newly published corporate plan.

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Member Non-Executive Directors, Pensions UK

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Chair, Policy Board, Pensions UK

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Pension Scheme Governance Specialist

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Senior Pensions Manager, In-House

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