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UK employers back pledge to maximise employee pension value


By Sophie Smith

Over 20 of the UK's largest employers have pledged to maximise employee pension value by prioritising retirement outcomes for their workforce, rather than focusing on cost reduction, when selecting or reviewing pension providers.

The voluntary Employer Pension Pledge aims to "transform" the UK’s pension investment culture, moving beyond a narrow, cost-focused model in favour of a value-for-money approach


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Govt urged to rethink IHT plans on pensions given ‘simpler’ alternatives

The government has been urged to rethink its plans to bring pensions into the scope of inheritance tax (IHT) after research from The Investing and Saving Alliance (TISA) outlined alternative approaches that would reduce the burden while still achieving comparable outcomes

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Honda Group pension scheme completes £800m buy-in with L&G

The Honda Group UK Pension Scheme has completed an £800m buy-in with Legal & General (L&G) Assurance Society Limited, securing the retirement benefits of over 1,700 retirees and over 3,000 deferred members

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Mansion House speech presents opportunity to ‘flip the script’, govt told

The government has been urged to "flip the script from crisis to confidence" in its upcoming pension adequacy review, which is anticipated to be announced during the Chancellor's Mansion House speech tomorrow (15 July)

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Strong backing for surplus changes and default retirement solutions

There is strong industry backing for the government's plans to introduce default retirement income solutions and make defined benefit (DB) surplus rule changes, research from Sackers has revealed

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TPO upholds complaint against employer for pensionable pay miscalculation

The Pensions Ombudsman (TPO) has upheld a complaint against Johnson & Johnson Consumer UK Limited after finding that the complainant’s pensionable pay was partly miscalculated

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Kirstin Baker named interim TPR chair; Bell defends interim appt

Pensions Minister, Torsten Bell, has defended the news that The Pensions Regulator (TPR) has appointed an interim chair, arguing that this "simply reflects time constraints"

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PPF maintains strong financial position as reserves rise by nearly £1bn

The Pension Protection Fund (PPF) maintained a strong financial position over the past year, as its reserves grew to £14.1bn in 2024/25, its Annual Report and Accounts have revealed
Nest returns profit for first time; on track to repay government loan by 2038

Nest's Annual Report and Accounts have revealed that the group has begun repaying its loan to the government and remains on track to repay the loan in 2038, after returning a profit for the first time in 2024/25
UK DC schemes ‘swimming against tide’ of global ESG backlash

UK defined contribution (DC) pension schemes are "swimming against a tide" of global environmental, social, and governance (ESG) backlash and increasing their allocations to funds with climate targets, according to analysis from Barnett Waddingham (BW)
'Significant' DB surplus remains despite slight dip in June

UK defined benefit (DB) pension funding levels remained strong in June despite a slight dip amid market volatility, with an aggregate surplus of £175bn at the end of the month, according to PwC’s Low Resilience Index

Reforms needed to improve retirement income outcomes, IA says

Changes are needed to improve access to high-quality, sustainable retirement income solutions as the UK’s pension system continues to evolve, the Investment Association (IA) has said
DB schemes taking surplus doesn’t mean buyout is 'off the table'

Taking surplus from a defined benefit (DB) pension scheme doesn’t mean a buyout is “off the table,” according to Legal and General managing director of strategic accounts and new markets, Chris DeMarco


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Highlighted Content

The power of digital

Our panel of experts considers how the pensions space can make the most of the exciting developments in technology, while keeping a close eye on the associated risks

Cyber insurance for pension schemes

Cyber risk is a growing concern for the pensions industry. Aon associate partner, David Burwell, explores the challenges trustees face in securing adequate cyber insurance coverage

AI’s future within the pensions industry

Capita Pension Solutions managing director, Chris Clements, reveals Capita’s vision for AI in the pensions sector

Protecting growth in uncertain markets

How protected equities can support member outcomes in volatile markets without abandoning growth

Virgin Media – help is on its way

Matthew Swynnerton considers the implications of the DWP’s recent announcement and the TPT litigation on the Virgin Media case

Adapting with purpose, leading with stability

Capita Pension SAs industry change gathers pace, newly reappointed chair of the trustee board, Mark Condron, looks to a bright future with People’s Pension

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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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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

Being retirement ready
Gavin Lewis, Head of UK and Ireland Institutional at BlackRock, talks to Francesca Fabrizi about the BlackRock 2024 UK Read on Retirement report, 'Ready or not. How are we feeling about retirement?’

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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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