News in brief - 23 January 2026

100 MPs from 10 parties have urged the government to compensate women affected by state pension age changes (WASPI).

The MPs wrote to the Work and Pensions Secretary, calling for swift compensation for 1950s-born women affected by state pension age changes, arguing they have “suffered a clear injustice” by the lack of notice to plan for retirement. The cross-party letter, signed by senior figures from Labour and the Conservatives alongside Liberal Democrats, the DUP, Greens and the SNP, urged ministers to “reach the right decision” ahead of a promised update by 2 March, following the government’s agreement in December to reconsider all evidence in full. WASPI said more than 50,000 people had written to their MPs in support of compensation in the past two weeks. Liberal Democrat work and pensions spokesperson, Steve Darling MP, added that the parliamentary ombudsman and MPs across the political spectrum were clear that compensation must happen, while the issue has also drawn criticism of Labour’s position from senior figures, including Kemi Badenoch and Sir Ed Davey.

Mylo, Aegon’s digital pensions business, has launched a ‘postcards from tomorrow’ pension engagement campaign.

The new initiative is aimed at helping people visualise their future retirement and take practical steps towards it. Developed with technology firm Waracle, the interactive experience allows users to create personalised digital postcards depicting potential retirement lifestyles, linking directly to Mylo’s tools, nudges and guidance to make pension planning more tangible. The campaign launched to workplace members on 30 December 2025, with Aegon commercial director of workplace, Nick Roy, stating that visualising future goals can "transform" engagement and that continued investment in Mylo reflected Aegon’s commitment to financial wellbeing and digital innovation.

First Actuarial has acquired an employee benefits book from Employee Benefits Partnership Limited (EBP).

The book, which includes almost 70 employee benefits clients, was purchased shortly before First Acturial’s acquisition by Arthur J. Gallagher & Co., after two of EBP’s three directors opted to retire and dissolve the partnership. The deal gives First Actuarial recommended provider status for the transferred book, covering a wide range of company sizes and sectors, with head of employee benefits, David Parfett, saying the acquisition reflected a strong alignment of values focused on quality and professionalism. First Actuarial will provide employee benefits services and DC pension consultancy, including group protection, healthcare benefits and wellbeing communications, and has also welcomed former EBP director, Neil McCormack, to the team to ensure continuity for clients moving across.



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