Pensions Age Magazine - DC and DB corporate pensions news and more

Latest News

Top Story

DB Funding Code reaffirms 'enduring relevance' of covenant

By Callum Conway

24/2/26

The Defined Benefit (DB) Funding Code has reaffirmed the enduring relevance of employer covenant, the Society of Pension Professionals (SPP) has said in a paper examining how covenant assessment is evolving under the revised regime.

In its Covenant Facts, Fiction, and First Principles report, the SPP revisited a number of perceived 'myths' about the code and argued that covenant remained central to funding and endgame strategy decisions

T. Rowe Price has announced the appointment of Richard Parkin as head of UK retirement, effective from 9 March 2026

Bilfinger workers back improved pension deal after strike threat

More than 400 offshore workers employed by Bilfinger UK Limited have overwhelmingly backed an improved pension offer following the threat of industrial action, Unite has confirmed

TPR issues warning notice to Smiths News over section 75 debt

The Pensions Regulator (TPR) has issued a warning notice to Smiths News in relation to the Tuffnells Parcels Express Pension Scheme

Trustees urged to integrate ESG across DB endgame routes as pricing risks evolve

Defined benefit (DB) pension scheme trustees must take a holistic and proactive approach to environmental, social and governance (ESG) risks as endgame strategies evolve, a guide from Isio has stated

FCA pension transfer proposals ‘anti-consumer and anti-competitive’ - AJ Bell

The Financial Conduct Authority’s (FCA) proposed reforms to non-advised pension transfers have been branded as "anti-consumer and anti-competitive” by AJ Bell, which warned they risk undermining years of progress on improving transfer times

Pension savers increasingly turning to AI when starting retirement planning

Pension savers are increasingly turning to artificial intelligence (AI), rather than financial guidance or advice websites, to begin their retirement planning, according to PensionBee

View More News

Highlighted Content

A year of innovation

Before looking ahead to the forthcoming year, People’s Pension proposition director, Kirsty Ross, looks back at some of their biggest and brightest achievements in 2025

Aptia: Adding innovation to administration and beyond

Aptia Group CEO, Bala Viswanathan, chats with Pensions Age about reshaping pensions administration through technology and talent

DC focus: Embracing the transformation

Reshaping retirement investing

Trustees Guide 2026

We cover many key issues to help Trustees navigate a complex environment in 2026

DC structures under the spotlight

Clare Freeman highlights the importance of reviewing established DC structures – whether its own trust, GPP or master trust – to improve governance, implement cost eﬃciencies and ultimately enhance member outcomes

Two steps forward, one step back

From reflections on the Budget, to considerations for future scheme design, our panel of experts reflects on the DC and master trust world of today and into the future

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

View More Podcasts

View Videos

Check out our latest appointments

Appointments update – 24 February 2026

London CIV has announced the appointment of Danny Firth as chief operating officer

Appointments update – 18 February 2026

BlackRock has appointed Cyprian Njamma as head of investment strategy for UK defined benefit (DB) pensions

Appointments update – 12 February 2026

Legal and General (L&G) has appointed Lucy Blanchard-Burton as head of master trust and Independent Governance Committee (IGC)

Appointments update – 5 February 2026

LGPS Central has confirmed David Kane will serve as its permanent chief finance officer (CFO) following a period as interim CFO, while Nicola Dymond has been appointed as chief operations & technology officer

Appointments update – 3 February 2026

Local Pensions Partnership Investments (LPPI) has appointed Roelie van Wijk as a non-executive director, effective 1 April 2026

Check out our latest features

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

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

View More Features

Check out our latest jobs

Head of Pensions

Posted by

84,421 to £93,565 plus benefits and relocation support

Stevenage / Hybrid

Full time

The Hertfordshire Pension Fund is part of the Local Government Pension Scheme (LGPS) and administered by Hertfordshire County Council. With 123,922 members, 529 employers, and £6.25 billion in assets, we are a cornerstone of financial security for thousands of public sector employees across the county. Joining us means playing a vital role in delivering excellence, innovation, and integrity in public service.

View Job

Pensions UK Chair

Posted by Pensions UK

Pensions UK is the voice of pensions in the UK, trusted and heard by the government and the pensions industry.

View Job

International Pensions and Benefits Manager

Posted by Sammons Pensions Recruitment

six figure base, superb benefits package and bonus potential

London Office Based

Varied and rewarding in-house appointment to manage international pensions, employee benefits and wellness plans.

To discuss this role in confidence please call Sarah Bergin-McCarthy on 020 7293 7022 or email sbm@sammons.co.uk. please quote reference 72659.

View Job

Pensions System Developer

Posted by Abenefit2u

Salary depended on experience

Either 100% remote or hybrid working in London or South East

Permanent

Are you an experienced SQL Developer with pensions or payroll systems knowledge? Do you thrive on working with complex data in a regulated environment where accuracy, compliance and quality truly matter?

This ambitious and expanding business is strengthening its already well-established development function and is seeking a talented SQL Developer with pensions experience to join its growing team. With recent new business wins driving expansion, this is an exciting opportunity to step into a key role offering real influence, autonomy and the chance to shape systems that directly support pensions operations and client delivery.

For a confidential discussion please telephone Tasha Davidson on 0208 274 2842 / 07958 958626 or email tasha@abenefit2u.com

View Job

Deputy Pensions Manager, in-house

Posted by Sammons Pensions Recruitment

Competitive package + comprehensive benefits

Hybrid/Surrey offices 2 days a week

Exceptional, progressive in-house appointment for a motivated Pensions professional. M&A and TUPE knowledge beneficial.

To discuss this role in confidence please call Sarah Bergin-McCarthy on 020 7293 7022 or email sbm@sammons.co.uk. please quote reference 71351.

View Job