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Commons overturns Lords amendments as PSB returns to Upper House


By Callum Conway

The government has overturned a series of House of Lords amendments to the Pension Schemes Bill, with MPs voting to reinstate key provisions, including the controversial ‘mandation’ power, during Commons consideration on 15 April.

Speaking during the debate, Pensions Minister, Torsten Bell, reiterated the government’s rationale for retaining the reserve power, arguing that it was needed to address a “collective action problem” in pension investment


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Fraud Minister urges trustees to use 'every touchpoint' to combat rising pension scam threat

Fraud minister, Lord Hanson, has urged trustees and pension providers to use “every touchpoint” with savers to help protect them from scams, as part of a renewed push to combat pension fraud

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PASA publishes guidance on CPS and the role of data quality

New guidance containing a practical framework for assessing, calculating and maintaining Contingent Spouse Pension (CPS) values has been published by the Pensions Administration Standards Association (PASA)

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Firms make progress on Consumer Duty reporting but gaps remain

Pension and financial services firms have improved how they monitor and report customer outcomes under the Consumer Duty, but many still need to strengthen their outcome monitoring, governance and oversight, according to the Financial Conduct Authority (FCA)

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DB schemes move beyond buyout but lack surplus governance frameworks

UK defined benefit (DB) pension schemes are increasingly moving away from buyout as the default endgame, although many have yet to establish the governance frameworks needed to manage future surplus, according to data from Independent Governance Group (IGG)

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Saving £300 a month for 40 years not enough for 'comfortable' retirement

Long‑term savers risk falling more than £200,000 short of a comfortable retirement even after four decades of saving, according to new analysis by Investing

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Standard Life buys Aegon UK in £2bn deal

Standard Life has agreed to acquire Aegon UK in a £2bn transaction, creating what it said will be the UK’s largest retirement savings and income business

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FCA takes action against Hartley Pensions and an individual

The Financial Conduct Authority (FCA) has announced that it is taking enforcement action against Hartley Pensions Limited and an unnamed individual
PAC correspondence on CSPS transition reveals 'unacceptable' data breach

The Public Accounts Committee (PAC) has published a series of follow-up letters as part of its ongoing scrutiny of Capita's management of the Civil Service Pension Scheme (CSPS)
DB pension transfer values volatile as Middle East unrest continues

Market volatility has impacted XPS Group’s Transfer Value Index through the first quarter of 2026, with values peaking at £146,000 in mid-February before falling back after markets reacted to the conflict in the Middle East
Attitudinal targeted support boosts investing uptake by up to 30%

Targeted support based on consumer attitudes is significantly more effective at encouraging investment than approaches based solely on demographics, research from The Investing and Saving Alliance (TISA) and the University of Nottingham has found

DB transfer redress becomes ‘lucky dip’ amid market volatility

Unstable UK market conditions have turned defined benefit (DB) transfer redress calculations into a “lucky dip”, according to analysis from First Actuarial
A third of job hunters fail to ask about pensions

Over a third (36 per cent) of people who changed jobs over the past five years failed to ask about the workplace pension during the hiring process, new research from M&G 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.

The power of private markets in DC

BlackRock’s report shows how integrating private markets into UK DC default portfolios could enhance long term value and resilience, supported by new modelling and practical implementation via LTAF structures today.

Endgame insights: Putting theory into practice

L&G showcases the latest combined thinking from its Asset Management and Pension Risk Transfer (PRT) businesses.

The role of ILS in pensions today

Francesca Fabrizi sits down with Leadenhall Capital Partners Senior Managing Director, Alistair Jones, to talk about the role of Insurance Linked Securities (ILS) in pension fund investing today

Exploring the key risks

Laura Blows speaks to Aon head of UK retirement policy, Matthew Arends, and Aon investment consultant, Rupert Kotowski, about some of the key risks facing UK DB and DC schemes, as noted in Aon’s latest global pension risk survey

Incorporating private markets into DC funds

Laura Blows discusses the role of private market investment within pension funds with Scottish Widows’ head of investment solutions, Mithesh Varsani

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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

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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

The sum of many small parts

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

Coming of age

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

explores whether the sector is experiencing any growing pains

The future of covenant assessment

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

Putting the ‘me’ in member

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

Multi-employer CDC in practice – from drawing board to delivery

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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Exploring the key risks
Laura Blows speaks to Aon head of UK retirement policy, Matthew Arends, and Aon investment consultant, Rupert Kotowski, about some of the key risks facing UK DB and DC schemes, as noted in Aon’s latest global pension risk survey

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

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