Archive News
More than two million deferred small pots across five major master trust schemes could be consolidated if all became default consolidators under current government proposals, research from the Pensions Data Project has revealed.
The final report of the group's Private Beta phase revealed that while individual pot sizes have grown, they remain modest, with growing age and gender disparities
The final report of the group's Private Beta phase revealed that while individual pot sizes have grown, they remain modest, with growing age and gender disparities
Posted: 10/10/25
On World Mental Health Day, Paige Perrin explores how financial stress can quietly undermine individual stability, self-worth, and overall mental wellbeing
Posted: 10/10/25
Pensions Age reviews this week’s key developments around regulatory updates, pension dashboards, redress reform and preparations for the Autumn Budget
Posted: 10/10/25
The latest news in brief and mandates from the past seven days
Posted: 10/10/25
Members of the Avon Pension Fund are divided on whether the £6bn local government pension fund should continue investing in the aerospace and defence (A&D) industry, the results of its member survey have revealed
Posted: 10/10/2025
UK pension schemes and administrators should act now to prepare their systems for upcoming collective defined contribution (CDC) pension reforms, Festina Finance has said
Posted: 10/10/25
Confidence in retirement amongst UK savers has remained stubbornly low for the third consecutive year, according to the latest MFS Global Retirement Survey 2025, as just 27 per cent of UK retirement plan members said they felt confident about retiring at their desired age
Posted: 9/10/2025
The Pensions Dashboards Programme (PDP) has confirmed that the MoneyHelper Pensions Dashboard is entering the next phase of testing, with a low volume of individuals using a real dashboard with real pensions data
Posted: 9/10/25
There has been a "significant" expansion in the use of International Pension Plans (IPPs) by multinational employers, particularly in regions with underdeveloped retirement markets or economic uncertainty, WTW has found
Posted: 9/10/25
TPT Retirement Solutions has announced plans to launch a defined benefit (DB) superfund designed to support run-on, having already secured capital to fund the first £1bn of transactions
Posted: 9/10/25
Nearly half (48 per cent) of defined benefit (DB) trustees said a buy-in was their preferred endgame strategy, with 40 per cent planning to approach an insurer within the next 12 months, according to research by Standard Life
Posted: 9/10/25
The trustees of the Ferno (UK) Limited Retirement and Death Benefits Scheme have secured a full scheme buy-in worth approximately £4m with Legal & General (L&G), covering the benefits of around 100 members
Posted: 9/10/25
Almost half (45 per cent) of UK adults believe that being auto-enrolled into a workplace pension means they are saving enough for retirement – a figure that rises to 61 per cent among Gen Z and 51 per cent among Millennials, according to Standard Life’s Retirement Voice 2025 report
Posted: 8/10/25
Pensions UK has confirmed that it will proceed with changes to its subscription model and membership categories, effective from 2026, following a consultation with members earlier this year
Posted: 8/10/25
Aegon and The Investing and Saving Alliance (TISA) have welcomed plans to modernise the UK’s redress system, but warned that the proposed new referral mechanism could create fresh risks if not carefully designed and governed
Posted: 8/10/2025
The majority of people approaching retirement have yet to make a formal plan for their later life, according to research from Just Group
Posted: 8/10/2025
Over a third (38 per cent) of UK pension schemes anticipate a 30-50 per cent increase in member activity once members gain access to pensions dashboards, while another 38 per cent predict a 10-30 per cent rise, WTW research has revealed
Posted: 8/10/25
The Society of Pension Professionals (SPP) and the Race Equality Foundation have called for mandatory ethnicity pay gap (EPG) reporting for a broader range of employers, warning that current voluntary measures have reached their limits
Posted: 8/10/2025
Despite half (53 per cent) of UK adults worrying they aren’t saving enough for retirement, only 15 per cent have pension saving as one of their top financial priorities for the year, research from Standard Life has revealed
Posted: 7/10/25
AJ Bell has launched a new parliamentary petition calling on the government to commit to a ‘pension tax lock’, which would guarantee the preservation of key pension tax incentives, including tax-free cash and pension tax relief, for the duration of the current parliament.
The petition, which has already attracted more than 2,500 signatures, urges the government to make a public pledge not to alter the 25 per cent tax-free cash entitlement or existing tax relief rules, under which contributions are made from pre-tax income and taxed upon withdrawal
The petition, which has already attracted more than 2,500 signatures, urges the government to make a public pledge not to alter the 25 per cent tax-free cash entitlement or existing tax relief rules, under which contributions are made from pre-tax income and taxed upon withdrawal
Posted: 7/10/2025
Plans to bring unused pension funds and death benefits into the scope of inheritance tax (IHT) could create “considerable additional burdens” for both pension scheme administrators and personal representatives (PRs), The Society of Pension Professionals (SPP) has warned, urging the government to provide clarity and allow sufficient time for implementation
Posted: 7/10/2025
Most people now favour a gradual transition into retirement rather than a traditional ‘hard stop’, research from Aegon has revealed, but it warned that fears over possible Budget changes to pension tax rules were prompting snap decisions that could ‘backfire'
Posted: 7/10/2025
Smaller defined benefit (DB) schemes are at risk of greater financial losses due to climate change risks than larger schemes, according to analysis by Broadstone
Posted: 7/10/25
Defined benefit (DB) pension schemes have maintained a £222bn aggregate surplus against long-term funding targets, up £2bn in September and £48bn year-on-year, XPS Group has estimated
Posted: 7/10/2025
Callum Conway assesses whether 'robo-advice' can really replace the human touch in pensions, as targeted support and pensions dashboards edge closer to reality
Posted: 7/10/2025
Nearly four in 10 (39 per cent) Brits value higher employer pension contributions over discretionary benefits, rising to 44 per cent for those aged 35 and over, highlighting a growing focus on long-term financial security, according to research from the Pension Attention campaign
Posted: 6/10/25
Just under four in 10 (39 per cent) pension and retirement income firms believe the Financial Conduct Authority (FCA) acts quickly to prevent harm to consumers in the industry, the lowest confidence of any non-consumer credit sector, underscoring concerns over the regulator’s effectiveness
Posted: 6/10/25
The UK government’s revived Pensions Commission faces a “tough path ahead” if it is to replicate the success of the Turner Commission in improving retirement outcomes for UK workers, according to analysis from Aon
Posted: 6/10/2025
The Financial Reporting Council (FRC) has confirmed it will develop technical guidance to support scheme actuaries in confirming historic pension scheme amendments, following forthcoming legislation prompted by the Virgin Media Ltd v NTL Pension Trustees case
Posted: 6/10/2025
The number of escalating guaranteed income for life (GIfL) products purchased between 2023/24 and 2024/25 rose by 17 per cent year-on-year, from 14,898 to 17,427, Just Group analysis has revealed
Posted: 6/10/25
Border to Coast Pensions Partnership has confirmed that it will expand to include 18 Local Government Pension Scheme (LGPS) funds with more than £110bn in assets under management from April 2026, following the completion of governance processes across all of its existing and prospective partner funds
Posted: 6/10/2025
Defined benefit (DB) pension schemes have notched up a fifth consecutive month of funding improvements, according to Broadstone’s latest Sirius Index, despite a backdrop of economic and political uncertainty
Posted: 6/10/2025
Cornwall Pension Fund has announced its intention to join the Local Pension Partnership Investments (LPPI) pool, becoming the fifth Brunel Pension Partnership fund to express this ambition
Posted: 3/10/25
Gen Z believe they would need almost double the annual income that Boomers consider sufficient for a ‘comfortable’ retirement, yet 21 per cent of Gen Z respondents reported having no retirement savings, research has found
Posted: 3/10/25
More than three-quarters (84 per cent) of pension professionals have expressed strong support for integrating environmental, social, and governance (ESG) factors into scheme investments, despite concerns about the availability of credible data, a Society of Pension Professionals (SPP) poll has revealed
Posted: 3/10/2025
Mercer has completed the acquisition of London-based investment advisory and model portfolio service (MPS) provider Fundhouse
Posted: 3/10/25
Women would need to earn more than double the average salary a year between ages 45 and 68 to achieve the same pension wealth as men by retirement, research from Interactive Investor has revealed
Posted: 3/10/25
Women are more likely than men to start contributing to a pension at a younger age; however, they continue to feel less informed and confident about their retirement planning, according to new research from Wealthify
Posted: 3/10/2025
Pensions Age reviews this week’s key developments around the Pensions Schemes Bill, targeted support, the work of the relaunched Pensions Commission, and much more
Posted: 3/10/2025
The latest news in brief and mandates from the past seven days
Posted: 3/10/25
Despite the UK’s status as a global pensions hub, Shariah-compliant options remain limited. For many Muslim savers, this means choosing between faith and financial security, a gap the industry can no longer afford to ignore. Halwyn Capital co-founder, Philip Rose, discusses
Posted: 3/10/25
Private sector defined benefit (DB) and hybrid (DBH) pension schemes increased their insurance policy assets by £9bn (6 per cent) to £172bn in the six months to 31 March 2025, despite an overall decline in the market value of DBH schemes, according to the latest figures from the Office for National Statistics (ONS)
Posted: 2/10/2025
The Pensions Ombudsman (TPO) has upheld a complaint regarding a fraudulent claim, after finding that Legal & General (L&G) had failed to properly identify and consider all potential beneficiaries for a lump-sum death benefit for a scheme that has since transferred to ReAssure
Posted: 02/10/25
FTSE100 pension schemes are in a strong position, with a combined IAS19 surplus of more than £55bn at the end of September, LCP’s latest pension explorer has revealed
Posted: 2/10/2025
The relaunched Pensions Commission must be prepared to confront “sacred cows” such as the triple lock and compulsory savings if it is to deliver meaningful reform, Association of Consulting Actuaries (ACA) chair, Stewart Hastie, has warned
Posted: 2/10/2025
The London Pensions Fund Authority (LPFA) and Railpen have both reinforced their climate ambitions with the release of new progress reports, outlining actions to accelerate the transition to net zero and strengthen stewardship practices
Posted: 2/10/2025
UK and European pension funds are laying the groundwork to become a more significant source of venture capital (VC) funding, according to a report from Venture Connections, European Women in VC and Pensions for Purpose, with Nordic pension funds the most active, despite growing momentum in the UK
Posted: 2/10/25
The redress on a book of defined benefit (DB) transfer advice has fallen to a "record low" of around 2.5 per cent of the total transfer value, about half the level recorded in early 2025, according to First Actuarial’s Redress Tracker
Posted: 2/10/25
The Pensions Action Group (PAG) has expressed its disappointment after the government opposed amendments to the Pensions Schemes Bill, which were intended to address the lack of any pre-April 1997 indexation relating to the Financial Assistance Scheme (FAS) and Pension Protection Fund (PPF).
Speaking during the committee stage of the Pensions Schemes Bill, Pensions Minister, Torsten Bell, said that the new clauses 18 and 19 "would not work" as they would apply to subsets of the PPF population
Speaking during the committee stage of the Pensions Schemes Bill, Pensions Minister, Torsten Bell, said that the new clauses 18 and 19 "would not work" as they would apply to subsets of the PPF population
Posted: 2/10/25
Legal & General's (L&G) total defined contribution (DC) assets under management (AUM) have surpassed £200bn, in what is thought to be a first for the pensions industry
Posted: 1/10/25
Almost three-quarters (76 per cent) of UK adults believe that pensions are not taught or discussed enough in schools or during early adulthood, new research from Wealthify has found
Posted: 1/10/2025
Industry experts have stressed the need to avoid knee-jerk reactions to the speculation often seen ahead of the Budget, after research from Rathbones revealed that withdrawing a lump sum from a pension tops the list of pre-Budget regrets
Posted: 1/10/25
The Pensions Ombudsman (TPO) has upheld a complaint against Pod Design & Build Ltd for failing to pay contributions into a worker’s Nest pension despite deducting them from his pay
Posted: 1/10/25
Defined benefit (DB) pension schemes should take advantage of the sharp improvement in funding levels and consider the strategic value of a ‘purposeful pause’ in their endgame planning, Hymans Robertson has said
Posted: 1/10/2025
The Financial Conduct Authority (FCA) has stressed that "full-fat advice will continue to have an important role to play" even with the introduction of targeted support, also sharing further details on how targeted support complaints will be dealt with
Posted: 1/10/25
Calls for the government to use reserves from the Pension Protection Fund (PPF) and Financial Assistance Scheme (FAS) to fund inflationary increases have continued to grow, as Unite Union joins those calling on the government to take action
Posted: 30/9/25
Pensions UK has shared new technical guidance to support users of the vote reporting template
Posted: 30/9/25
The Financial Conduct Authority (FCA) has launched a further consultation on changes to support targeted support, emphasising that it wants to help those firms that want to provide targeted support to get ready "quickly"
Posted: 30/9/25
Young people in their 20s are likely to need at least £3m to retire comfortably due to the "erosive" impact of inflation, research from Rathbones has revealed, prompting calls for this cohort to start saving early and consistently
Posted: 30/9/25
Aviva has launched its new default pension investment strategy, My Future Vision, highlighting this as the start of a "new chapter" in private market investing in defined contribution (DC) defaults
Posted: 30/9/25
Assets under management (AUM) across the fiduciary management (FM) market continued to rise in Q2, driven by larger schemes increasingly adopting FM or outsourced chief investment officer (OCIO) models, according to research from Quantum Advisory
Posted: 30/9/2025
Two more Local Government Pension Scheme (LGPS) funds that were formerly with Brunel Pension Partnership have confirmed their intent to move to the Local Pensions Partnership Investments (LPPI)
Posted: 30/9/25
The government has launched a consultation on legislation designed to support the efficient functioning of the Judicial Pension Scheme, after it was made aware of some instances in which it has either not deducted, or deducted an incorrect amount of, members’ contributions
Posted: 30/9/25
Mid-sized pension schemes are being urged to begin pensions dashboards preparations “well ahead” of their connection deadlines, with Isio warning that early action is essential to avoid a “last-minute scramble"
Posted: 30/9/25
Just Group has announced the launch of a new structured pension product, offering guaranteed income and growth over a chosen period, in partnership with adviser platform Fundment
Posted: 30/9/2025
The Pensions Ombudsman (TPO) has upheld a complaint against Teachers' Pensions (TP), after it found that TP had provided the complainant with incorrect information, which he relied on to his financial detriment
Posted: 29/9/25
Avon Pension Fund has confirmed its decision to join Local Pensions Partnership Investments (LPPI), as the government's final pool selection deadline closes in
Posted: 29/9/25
Public sector households (58 per cent) are more likely than private sector households (42 per cent) to be on track for an adequate retirement income, research from Hargreaves Lansdown has found, warning that "there's still a long way to go" to close this gap
Posted: 29/9/25
Newport City Council has voted to call on the Greater Gwent Pension Fund to review its investments in light of the ongoing conflict in Gaza and Israel, following a motion proposed by councillor, Allan Screen, and seconded by councillor, Farzina Hussain
Posted: 29/9/2025
HMRC should consider making pension professionals exempt from new legislation that would require 'tax advisers' to register with HMRC, the Society of Pension Professionals (SPP) has said.
The SPP said that the current drafting of the legislation could bring into scope a whole range of individuals and firms simply because they provide basic assistance that mentions tax, warning that this could have several unintended consequences
The SPP said that the current drafting of the legislation could bring into scope a whole range of individuals and firms simply because they provide basic assistance that mentions tax, warning that this could have several unintended consequences
Posted: 29/9/25
The latest news in brief and mandates from the past seven days
Posted: 26/9/2025
The Pensions Regulator (TPR) has shared seven design principles to guide innovation in workplace pensions, created in collaboration with industry experts as part of its ongoing innovation work
Posted: 26/9/25
Local Government Pension Scheme (LGPS) funds must engage early with their pools to agree on core principles and expectations ahead of changes outlined in the Pensions Schemes Bill, Hymans Robertson has said, warning that failing to do so could limit their influence over future investment decisions
Posted: 26/9/2025
Pensions Age reviews this week’s key developments, including the Pension Protection Fund's confirmation that no conventional levy will apply in 2025/26, reflections on the mini-Budget three years ago, and calls on the Pensions Commission
Posted: 26/9/25
HMRC has made several minor technical amendments to ensure that the legislation on the abolition of the lifetime allowance (LTA) continues to function as effectively as intended, with a consultation on the legislation to be held later this year
Posted: 26/9/25
A "material" number of Brunel funds are likely to join the Local Pension Partnership Investments (LPPI) pool, and the pool is thought to be in initial discussions to integrate the Brunel business
Posted: 25/9/25
HMRC and the Financial Conduct Authority (FCA) have issued a joint statement clarifying the interaction between tax legislation and regulatory rules on pension cancellation rights, which industry experts have highlighted as evidence of the risks of rushing to access tax-free cash
Posted: 25/9/25
The Society of Pension Professionals (SPP) has called for a policy reboot to keep existing defined benefit (DB) schemes open and to fast-track collective defined contribution (CDC) schemes, as the relaunched Pensions Commission turns its attention to pensions adequacy
Posted: 25/09/2025
Trustees and administrators have been called on to work together to prevent member complaints, after research from Sackers revealed that over half (54 per cent) of member complaints are rooted in issues with scheme administration or maladministration
Posted: 25/9/25
The BP Pension Fund has secured a £1.6bn buy-in with Legal & General (L&G), although concerns around past pension increases are still ongoing, with the BP Pensioner Group expressing disappointment over the news
Posted: 25/9/25
Annual management charges for defined contribution (DC) pensions continue to decline, with employers placing increasing emphasis on retirement outcomes and decumulation, according to WTW’s 20th annual DC Pensions and Savings survey
Posted: 25/9/2025
The Amtico Company Pension Scheme has completed a £52m full buy-in with Standard Life, securing the benefits of 425 members
Posted: 25/9/25
The London Pensions Fund Authority (LPFA) has confirmed that more than 80 per cent of its £8bn Local Government Pension Scheme (LGPS) fund is now being managed for climate resilience, with emissions reduction and engagement targets in place across the majority of asset classes
Posted: 24/9/2025
Standard Life has announced plans to launch a new alternative pension default fund that is underpinned by a significant (up to 25 per cent) allocation to private assets
Posted: 24/9/25
"Time and patience" are needed to allow Local Government Pension Scheme (LGPS) reforms to bed in, Pensions UK has said, suggesting that particular patience is needed for UK pension schemes to invest in alternatives in the same way that Canadian schemes do
Posted: 24/9/25
Millions risk being 'condemned to retirement poverty' unless the UK’s pensions system is overhauled, PensionBee has warned, as it called on the Pensions Commission to deliver bold reforms to tackle structural inequalities
Posted: 24/9/2025
The implementation of the McCloud remedy has introduced a "complex, time-limited opportunity" for GPs impacted by the 2015 NHS pension reforms, Xeinadin head of healthcare, Daniel Tremain, has said, emphasising the need for industry to recognise the weight of these decisions
Posted: 24/9/25
The SG Pension Fund has completed a £160m buy-in with Aviva, securing the retirement benefits of more than 1,900 members
Posted: 24/9/25
The pensions industry has been urged take the lead on disability inclusion, after research from the Society of Pension Professionals (SPP) found that disabled workers are among the most under-pensioned groups in society
Posted: 24/9/2025
Three years on from the mini-Budget, industry experts have emphasised that UK pension schemes remain in a "much stronger position", although challenges remain, with some warning that while the system feels "safer", the real test is yet to come
Posted: 23/9/25
Stora Enso UK Group Pension Scheme has secured a £61m buy-in with Royal London, securing the benefits of 758 members
Posted: 23/9/25
The UK bulk purchase annuity (BPA) market is on track for a record-breaking 350 transactions in 2025, with total volumes expected to exceed £40bn for the third consecutive year, analysis from LCP has found
Posted: 23/9/25
Pension schemes should take “early proactive steps” not only to comply with the new obligations under the Data (Use and Access) Act 2025, but also to realise broader operational and engagement benefits, Cartwright Pension Trusts has said
Posted: 23/9/25
One in seven (14 per cent) UK adults have never checked their pension, despite being more likely to review other financial products regularly, research from Standard Life has revealed
Posted: 23/9/2025
The Pension Protection Fund (PPF) has confirmed that it will not charge a conventional PPF levy this year (2025/26), as a result of the Pension Schemes Bill's recent parliamentary progress
Posted: 23/9/25
While pension scheme trustees are complying with explicit collateral guidelines surrounding liability-driven investments (LDI), several areas deserve greater focus by trustees in the future, The Pensions Regulator (TPR) has said.
The regulator's market oversight report, which looked at how well pension schemes are prepared for LDI risk, showed that specific improvements are needed on diversification of collateral assets and resilience testing
The regulator's market oversight report, which looked at how well pension schemes are prepared for LDI risk, showed that specific improvements are needed on diversification of collateral assets and resilience testing
Posted: 22/9/25
Monmouthshire County Council has voted to review whether it holds investments in companies linked to alleged breaches of international law in Gaza
Posted: 22/9/2025
As National Savings Week gets underway, Paige Perrin examines the potential of linking pension awareness to major life events, highlighting how key milestones could serve as opportunities to encourage better retirement planning
Posted: 22/9/25
Just Group shareholders have voted in favor of Brookfield Wealth Solutions’ acquisition of the company, in what has been hailed as a key milestone
Posted: 22/9/25
UK defined benefit (DB) pension schemes are still adjusting to the updated DB Funding Code, one year since it was introduced, Aon's analysis of the first round of valuations under the new framework has found
Posted: 22/9/2025
An unnamed UK charity sector pension scheme has completed a £15m buy-in with Legal & General, covering the benefits of around 100 pensioners and 20 deferred members
Posted: 22/9/25
The Prudential Regulation Authority (PRA) has identified several potential risks in the growing use of funded reinsurance (FundedRe) within the bulk purchase annuity (BPA) market, as it aims to balance innovation with the need to safeguard policyholders.
Speaking at a recent event, PRA director for prudential policy, Vicky White, said that the PRA is working to put the right FundedRe framework in place now, "so that unmitigated risks do not rise to a level where they could put the resilience of the sector and its policyholders in peril"
Speaking at a recent event, PRA director for prudential policy, Vicky White, said that the PRA is working to put the right FundedRe framework in place now, "so that unmitigated risks do not rise to a level where they could put the resilience of the sector and its policyholders in peril"
Posted: 19/9/25
Leading retirement providers have joined forces to launch the UK’s first National Annuity Day, which will take place on 21 October 2025
Posted: 19/9/2025
The government should ensure that any climate-related transition reporting requirements are made clear, concise and relevant for pension schemes, and that they encourage actions that are expected to translate into real-world reductions in climate risk, LCP has said
Posted: 19/9/25
As Pension Awareness Week winds down for another year, Pensions Age takes a look at the key headline findings shared by the industry, and whether there are glimmers of hope for greater pension awareness in future emerging
Posted: 19/9/25
Fenwick’s pension schemes have completed buy-in transactions totalling £113m with Aviva, securing all remaining benefits for members
Posted: 19/9/2025
The latest news in brief and mandates from the past seven days
Posted: 19/9/2025
The House of Lords Finance Bill Sub-Committee has launched an inquiry into the Draft Finance Bill 2025–26, including plans to bring unused pension funds and death benefits into the scope of inheritance tax (IHT)
Posted: 18/9/25
Pension Scams Industry Group (PSIG) chair, Margaret Snowdon, discusses the recent headlines around pension fraud compensation and the key hurdles still facing members in the fight for justice, particularly on tax concerns
Posted: 18/9/25
The government has been urged to remove existing barriers to increase pension investment in UK, with Pensions UK arguing that the right reforms could enable UK pension schemes to do "even more" to back innovation and infrastructure
Posted: 18/9/25
More than half (56 per cent) of self-employed UK adults, around 2.4 million people, are unaware of the fees they are paying on their pensions, InvestEngine has found, prompting calls for greater transparency and awareness on the impact of these fees
Posted: 18/9/25
The Money and Pensions Service has highlighted work on pensions dashboards as a key priority in its Strategic Plan for 2025-28, confirming that the delivery of the MoneyHelper Pensions Dashboard (MHPD) will be "at the heart" of its future pensions work
Posted: 18/9/25
Nearly half (47 per cent) of UK adults do not know how much they have saved in their pension, research from Standard Life has revealed
Posted: 18/9/2025
Calls for a ‘pension checkup’ to be introduced have grown, after research from M&G revealed that, despite "encouraging" behaviour among younger savers, one in five adults, nearly 11 million people, delay planning for retirement until aged 40 or after
Posted: 18/9/25
The Pension Schemes Bill is an "incomplete package", Sackers partner, Andy Lewis, has said, warning that despite the "forceful and urgent" nature of the bill, it will not fully address all the policy drivers identified by the government
Posted: 18/9/25
There has been a significant increase in the amount of money being withdrawn from pensions, with a particular "surge" seen in those accessing large pension pots, the latest Retirement Income Market Data from the Financial Conduct Authority (FCA) has revealed
Posted: 17/9/25
Inflation held at 3.8 per cent in August, figures from the Office for National Statistics (ONS) showed, with experts warning it could climb to 4 per cent in September - the key month, alongside earnings growth, used to set next year’s state pension rise under the triple lock
Posted: 17/9/25
Most UK pension savers believe they will fall short of a comfortable retirement, with rising debt, delayed retirement and low levels of financial knowledge fuelling concerns across all generations, according to Interactive Investor’s sixth Great British Retirement Survey
Posted: 17/9/2025
UK charities are in a "strong" position to consider and target their endgame, Hymans Robertson has said, after its analysis revealed a 5 per cent increase in the average funding level of charities' defined benefit (DB) pension schemes since 2024
Posted: 17/9/25
Although increasing the state pension age is an appropriate way for the government to ease pressure on public finances, changes will not be felt equally by all demographics, the Institute for Fiscal Studies (IFS) has said, suggesting that enhanced targeted support should accompany any increases
Posted: 17/9/25
The Institute and Faculty of Actuaries (IFoA) has outlined recommendations to help create an inclusive pension system fit for the 21st century, after its research suggested that the current system is putting a growing number of people at a "systematic disadvantage"
Posted: 17/9/25
The UK’s professional trustee market is entering a new phase of maturity, with growth slowing but concentration intensifying, according to LCP’s fifth annual 'Sole Mates' survey, which found that four firms now oversee 80 per cent of the £1.1trn of defined benefit (DB) assets
Posted: 17/9/2025
The Pensions Ombudsman (TPO) has ruled in favour of the trustees in a case concerning a pension transfer made before the 2021 transfer regulations came into effect, confirming that they were not obliged to carry out checks beyond the statutory requirements
Posted: 17/9/25
The Pension Protection Fund (PPF) has said it is “confident” that there is a “very low likelihood” it will need to reintroduce the levy if the Pension Schemes Bill passes in its current form
Posted: 17/9/25
The Pensions Regulator (TPR) has launched a consultation on its new proposed enforcement strategy, which includes changes designed to make enforcement smarter, more strategic, and more impactful
Posted: 16/9/25
A united, industry-delivered model offers a feasible and cost-effective solution for implementing the Small Pots Data Platform by 2030, Pensions UK's Small Pots Feasibility Review has found
Posted: 16/9/25
The state pension is set for a 4.7 per cent boost in 2026, although industry experts have warned that the upcoming increase could not only cause further concern over the future of the state pension triple lock, but also see a growing number of pensioners paying tax
Posted: 16/9/25
Pensions Minister, Torsten Bell, has confirmed the government's intent to abolish the Pension Protection Fund's (PPF) administration levy, with plans to include this as part of the next round of amendments to the Pension Schemes Bill
Posted: 16/9/25
The Ultra Electronics Pension Scheme has completed a £250m full scheme buy-in with Just Group, securing the benefits of more than 1,750 members
Posted: 16/9/2025
As Pensions Awareness Week 2025 kicks off, Sophie Smith takes a closer look at the need to improve saver engagement and understanding, amid growing pension adequacy concerns
Posted: 15/9/25
The UK should establish a £100bn pension ‘superfund’ to support the nation’s tech sector and help build a £1trn tech economy, a new report from The Purposeful Company has said
Posted: 15/9/25
With only 3 per cent of UK employees confident that the state pension will be a sufficient source of income, many are demanding more action from the government to safeguard their retirement, research from Herbert Smith Freehills Kramer has found
Posted: 15/9/25
HMRC has been urged to improve the draft legislation relating to inheritance tax on pensions, with the Society of Pension Professionals (SPP) warning that changes are needed to ensure it better delivers the original policy intent and avoids unintended consequences.
Although the pensions industry welcomed the news that HMRC had made amendments to its plans to address industry concerns, the SPP said that, despite these improvements, there are "still some issues to iron out"
Although the pensions industry welcomed the news that HMRC had made amendments to its plans to address industry concerns, the SPP said that, despite these improvements, there are "still some issues to iron out"
Posted: 15/9/25
More than half of UK adults (51 per cent) are unaware of upcoming pension policy changes that could have a major impact on their retirement plans, according to new research from Schroders Personal Wealth (SPW)
Posted: 15/9/2025
Pensions Minister, Torsten Bell, has dismissed recent speculation surrounding possible pensions measures in the upcoming Autumn Budget as “nonsense,” urging the industry to focus instead on the government’s track record
Posted: 12/9/25
The Pensions Management Institute (PMI) has appointed Girish Menezes as its new president, alongside three new non-executive directors (NEDs) to its board
Posted: 12/9/2025
Pensions Age looks back on the key developments in the industry this week, including a renewed focus on pension scams, the latest updates from the bulk purchase annuity market, and a closer look at how the UK's pension system stands up against its global peers
Posted: 12/9/25
Welcome Break Pension Plan, sponsored by motorway service operator Welcome Break Group, has completed a £23m pension buy-in with Just Group
Posted: 12/9/25
The latest news in brief and mandates from the past seven days
Posted: 12/9/25
The Merchant Navy Officers Pension Fund (MNOPF) has announced that its former chair, Peter McEwen, has died at the age of 76
Posted: 12/9/25
The debate over pension transfer speeds and security has continued, after analysis from PensionBee suggested that there is no clear correlation between the number of flags raised and the number of scams
Posted: 11/9/25
Data from Action Fraud has revealed that £17,657,249 in pension savings was lost to fraud in 2024, with individuals losing an average of £33,848 each
Posted: 11/9/25
More than half (54 per cent) of low-income pensioners find it difficult to pay bills and credit commitments, leaving hundreds of thousands on a “poverty pension,” according to the Living Wage Foundation
Posted: 11/9/25
The Pensions Regulator (TPR) has urged trustees and administrators to work together to deliver even higher standards of administration and help achieve better outcomes for savers, warning that despite signs of progress, challenges remain
Posted: 11/9/25
Promoting social mobility is key to closing the pension industry's talent gap and better serving members from all backgrounds, according to the Society of Pension Professionals (SPP)
Posted: 11/9/5
The Society of Pension Professionals (SPP) has welcomed an amendment to the Pension Schemes Bill that would abolish the Pension Protection Fund (PPF) administration levy, tabled by Liberal Democrat MPs Steve Darling and John Milne
Posted: 11/9/2025
The covenant of defined benefit (DB) pension schemes is the ‘underpin’ to any surplus release strategy under the changes proposed in the Pension Schemes Bill, according to PwC partner, Atul del Tasso-Dhupelia
Posted: 11/9/2025
"Strong and impactful" decisions are needed to avoid a future where retirement poverty is the norm, Hymans Robertson has said, after its analysis provided "stark evidence" of growing pension inadequacy
Posted: 10/9/25
The average pension pot in the UK increased in size by 9 per cent between 2024 and 2025, putting growth comfortably ahead of inflation, but significant gaps linked to gender and geographic location remain, figures from PensionBee have revealed
Posted: 10/9/25
Utmost Group has said that it is looking to enhance its client proposition in the bulk purchase annuity (BPA) market, having made "good progress" in establishing itself in this sector so far
Posted: 10/9/25
Pension scammers have been impersonating members to exploit security vulnerabilities and gain unauthorised access to members’ accounts, The Pensions Regulator (TPR) has warned, urging the industry to "act now" to protect savers
Posted: 10/9/25
Projected losses from poorly informed pension transfer decisions have increased by half a billion pounds in the past 18 months, according to analysis from People’s Pension, which has prompted renewed calls for action
Posted: 10/9/25
Pension apps are failing to keep pace with changing consumer needs, with a new industry report warning of a “stark” contrast between member experiences in pensions and the seamless digital services delivered by global tech firms
Posted: 10/9/2025
Almost a third (31 per cent) of UK adults have increased their workplace pensions contributions above the minimum level in a proactive move to boost retirement savings, according to a report by Standard Life
Posted: 10/9/25
Pension Insurance Corporation (PIC) reported strong new business growth in the first half of 2025, highlighting the continued expansion of the UK pension risk transfer market
Posted: 9/9/25
The Pandrol Group Pension Scheme has secured a £45m buy-in with Royal London, covering
around 200 scheme members
around 200 scheme members
Posted: 9/9/25
The UK held firm at 14th place in the Natixis Investment Managers' (Natixis IM) 2025 Global Retirement Index, despite losses in the country's material wellbeing and finances in retirement scores
Posted: 9/9/25
UK defined benefit (DB) pension schemes have remained resilient despite market volatility, with the Pension Protection Fund’s (PPF) latest 7800 Index reporting an estimated aggregate surplus of £238.9bn at the end of August
Posted: 9/9/25
Goldman Sachs Asset Management has been appointed by various pension entities and a captive insurance company related to Shell Plc to manage a USD 40bn (£29bn) mandate for international pension plan assets in Europe
Posted: 9/9/25
Two pension schemes linked to Mativ Holdings Inc, a global speciality materials company, have completed a £105m full scheme buy-in with Rothesay
Posted: 9/9/25
Phoenix Group has confirmed that it will rebrand to Standard Life in March 2026, returning to the name of the company it acquired in 2018
Posted: 8/9/25
Nest has partnered with annuity broker Retirement Line to give its million members direct access to annuities, reflecting a growing industry focus on providing guaranteed income in retirement
Posted: 8/9/25
UK defined benefit (DB) pension schemes recorded a record aggregate surplus of £223bn at the end of August, according to analysis from XPS Group.
The latest figures mark an £11bn increase from July’s total and a £50bn rise compared to the same point last year
The latest figures mark an £11bn increase from July’s total and a £50bn rise compared to the same point last year
Posted: 8/9/25
MP for Wolverhampton South East Pat McFadden has been appointed as Secretary of State for Work and Pensions at the Department for Work and Pensions (DWP), as part of Prime Minister Keir Starmer's latest cabinet reshuffle
Posted: 8/9/25
The assets of the top 300 pension funds reached a record high of USD 24.4trn, despite a slowdown in asset growth, research from the Thinking Ahead Institute has revealed
Posted: 8/9/25
Defined benefit (DB) pension scheme funding levels have continued to improve despite a maturing DB population, with analysis from The Pensions Regulator (TPR) revealing that the majority of tranche 18 schemes are now in surplus
Posted: 5/9/25
An unnamed pension scheme in the aviation industry has secured a £3.8m full scheme buy-in with Just Group, securing the benefits of all members, excluding those already covered by existing annuity policies with other providers
Posted: 5/9/25
The pensions industry has been urged to take action, after research from Trafalgar House revealed a "persistent" generational divide in pension engagement and trust, suggesting that younger people and women are more wary of the pensions industry
Posted: 5/9/25
The latest news in brief and mandates from the past seven days
Posted: 5/9/25
The Pension Attention campaign is back for its fourth year, with a fitness-inspired advert fronted by TV star Ross Kemp and pension trainer Bola Sol, which is calling on Brits to ‘gain pounds’ for the future.
The campaign, which is led by the Association of British Insurers (ABI) and Pensions UK, focuses on a fitness theme this year, after research from the campaign group revealed that nearly one in five (19 per cent) UK adults prioritise getting fit and healthy over saving for later life
The campaign, which is led by the Association of British Insurers (ABI) and Pensions UK, focuses on a fitness theme this year, after research from the campaign group revealed that nearly one in five (19 per cent) UK adults prioritise getting fit and healthy over saving for later life
Posted: 5/9/25
The Pension Schemes Bill Committee has outlined its intended selection and ordering for the amendments to the bill, with today's committee hearing beginning with a focus on the amendments tabled in relation to the Local Government Pension Scheme (LGPS)
Posted: 4/9/25
Confidence in achieving a comfortable retirement has improved among UK workers, but persistent demographic and income disparities underscore the need for more inclusive industry and regulatory action, according to Aegon’s latest research
Posted: 4/9/2025
The Pension Commission should consider the potential role of sidecar savings in its work on adequacy, Scottish Widows market development manager, Mathew Zimmerman, has said, highlighting the potential benefits of the sidecar model for lower-income earners
Posted: 4/9/25
UK defined benefit (DB) pension schemes saw further improvements in funding levels in August, according to Broadstone’s latest Sirius Index, driven by record high gilt yields amid growing concerns over government borrowing and persistent inflation
Posted: 4/9/2025
Work to launch the UK’s first commercially available multi-employer collective defined contribution (CDC) pension scheme has continued, with Squire Patton Boggs now providing advice to TPT Retirement Solutions on its plans for this
Posted: 4/9/25
Pensions Minister, Torsten Bell, has stood firm amid continued concerns surrounding the government’s proposed reserve asset allocation power, arguing that the pensions industry has a collective action problem, which has caused a "failure of fiduciary duty".
"Everybody says that change needs to come because it is in members’ interests," the Minister told the Pension Schemes Bill Committee, arguing that "all the reserve power does is to say that it is going to happen".
"Everybody says that change needs to come because it is in members’ interests," the Minister told the Pension Schemes Bill Committee, arguing that "all the reserve power does is to say that it is going to happen".
Posted: 3/925
The Pensions Ombudsman (TPO) has upheld a complaint against Solange Bakery Ltd and Artisan Traditions Ltd for failing to pay contributions into a worker’s Nest pension despite deducting them from her pay
Posted: 3/9/25
UK defined benefit (DB) pension schemes are recording record surpluses, with average funding levels rising to 105 per cent, according to Aon’s latest analysis
Posted: 3/9/2025
Less than half (48 per cent) of employers have reviewed their workplace pension schemes in the past 12 months to check if they offer value for money (VFM), Towergate Employee Benefits has found, highlighting the need for action before the new VFM requirements come into force
Posted: 3/9/25
M&G has announced plans launch a with-profits bulk purchase annuity (BPA) early next year, as it continues to expand on its BPA capabilities
Posted: 3/9/25
The UK’s Autumn Budget will be delivered on 26 November, Chancellor, Rachel Reeves, has confirmed
Posted: 3/9/2025
A raft of amendments to the Pension Schemes Bill have been tabled as the bill works its way through the committee stage, with further debate on these issues expected during the committee's hearings
Posted: 2/9/25
Nearly four in 10 (39 per cent) people said guaranteed income is their top retirement priority, research from Hargreaves Lansdown has revealed, as annuities become an “increasingly important” tool
Posted: 2/9/25
Fidelity Emerging Markets Limited (FEML) has agreed to buy back a 25.7 per cent stake held by Strathclyde Pension Fund
Posted: 2/9/2025
The Pensions Ombudsman (TPO) has upheld a complaint against Elevate Ward Design Ltd after finding that the company failed to pay contributions into a worker’s pension despite deducting contributions from her pay
Posted: 2/9/25
Employees could face a significant retirement funding gap as many delay prioritising their pension until their 40s and 50s, highlighting the need for better engagement strategies, according to research from Fidelity International
Posted: 2/9/2025
Pressure for the government to drop plans for a reserve mandating power in the Pension Schemes Bill has continued to grow as the bill begins the committee stage, with industry organisations making a united call for change
Posted: 2/9/25
Reform UK has branded the current status quo surrounding Local Government Pension Scheme (LGPS) investment performance and fees as "negligent", urging pension committees to "urgently" change course, as it announced plans for its own Reform UK pool.
Speaking at a party press conference, Reform UK Deputy Leader, Richard Tice, argued that the investment fees currently facing LGPS funds are "frankly egregious", warning that there is a "gravy train culture" in the LGPS, which is allowing taxpayers to be "ripped off"
Speaking at a party press conference, Reform UK Deputy Leader, Richard Tice, argued that the investment fees currently facing LGPS funds are "frankly egregious", warning that there is a "gravy train culture" in the LGPS, which is allowing taxpayers to be "ripped off"
Posted: 1/9/25
The government must place surplus management at the heart of reforms outlined in the Pension Schemes Bill, the Association of Professional Pension Trustees (APPT) has said, warning that the framework must combine flexibility with robust protections for savers
Posted: 1/9/2025
The government is seemingly set to address issues around the Virgin Media case as part of the Pension Schemes Bill, having now tabled a series of amendments to the bill ahead of its committee stage this week
Posted: 1/9/25
Financial pressures are forcing many parents to reduce or pause their pension contributions, with PensionBee research showing that 59 per cent are very likely or somewhat likely to do so during costly periods like back-to-school season or Christmas
Posted: 1/9/25
Pension schemes and institutional investors must look beyond industry pledges when assessing whether asset managers are “genuinely committed” to net zero, LCP has warned
Posted: 1/9/2025
The government should consider how to incentivise higher earners to contribute more to their pensions, Hargreaves Lansdown has said, after its research revealed that high earners face the largest pension adequacy gaps at retirement
Posted: 1/9/25
Tata Consultancy Services (TCS) has confirmed that it has completed the migration of Scottish Widows’ life and pension heritage book onto its TCS BaNCSTM administration platform managed by Diligenta, a subsidiary of TCS
Posted: 1/9/25
The Philippine National Bank Retirement Benefits Scheme has completed a £1m full scheme buy-in with Just Group
Posted: 1/9/2025
The High Court has confirmed a December hearing for the Women Against State Pension Inequality’s (Waspi) legal challenge, with research from the campaign group revealing that many of those impacted still remain worried about their finances
Posted: 29/8/25
A growing number of defined contribution (DC) master trust providers are reassessing their US equity allocations as a result of the recent tariff-driven market volatility, research from Isio has revealed
Posted: 29/8/25
Following the news that over 40 million records now connected to the pensions dashboards architecture, The Pensions Regulator interim executive director of market oversight, Julian Lyne, discusses the key steps needed to ensure dashboards stay on track
Posted: 29/8/25
The Financial Conduct Authority's (FCA) targeted support consultation has closed with broad industry backing, but respondents have warned that the reforms risk falling short without greater clarity, regulatory alignment, and a “safe harbour” to give firms confidence to engage
Posted: 29/8/2025
Pensions Age looks back on the key developments in the industry this week, including the Pension Schemes Bill and pre-1997 indexation debates, rising pension scam and cyber risks, and ongoing gender and inclusivity issues in retirement savings
Posted: 29/8/25
The latest news in brief and mandates from the past seven days
Posted: 29/8/2025
Several pension organisations have broadly welcomed the Financial Conduct Authority’s (FCA) targeted support proposals, although concerns have been raised about regulatory clarity, alignment with other initiatives, and safeguards against misuse
Posted: 28/8/25
Concerns over the threat of mandation within the Pension Schemes Bill continue to overshadow support for the objectives behind the legislation, with several industry organisations also suggesting amendments in other key areas of the bill
Posted: 28/8/25
Pensions Minister, Torsten Bell, has reportedly been appointed as a key aid for the Chancellor, Rachel Reeves, ahead of the Autumn Budget
Posted: 28/8/25
Women affected by changes to the state pension age have accused politicians of “abandoning” them as the Women Against State Pension Inequality (Waspi) campaign marks its tenth anniversary
Posted: 28/8/2025
The BDO ES Pension Scheme and the BDO Pension Scheme have completed a £60m buy-in with Just Group, securing the benefits of more than 1,000 members across both schemes
Posted: 28/08/2025
Pension trustees and sponsors should reassess long-term financial resilience given the growing influence of Bitcoin Treasury Companies (BTCs), Cartwright has said, warning that ignoring the shift could expose pension schemes to risks in covenant strength, portfolio performance, and liquidity
Posted: 27/8/25
Trustees must demand clearer evidence of cyber resilience from their administrators in the wake of escalating national cyber risks, Trafalgar House has warned
Posted: 27/8/2025
Retired independent chair and professional pension trustee, Andrew Warwick-Thompson, has died from a rare form of cancer
Posted: 27/8/25
Electronics company, Emerson, has appointed WTW's UK defined contribution (DC) master trust, LifeSight, to cover all active, deferred and drawdown members
Posted: 27/8/25
The Quest UK Pension Scheme has completed a £134m buy-in transaction with Aviva, securing the benefits of more than 440 members of the scheme
Posted: 27/8/25
The proportion of pension transfers showing signs of a scam rose "sharply" in July 2025, with XPS Group's latest Scam Flag Index revealing that 94 per cent of cases reviewed by the XPS Scam Protection Service raised at least one scam warning flag
Posted: 27/8/25
The industry, government, and regulators must play a key role in helping people understand how housing decisions affect retirement outcomes, Standard Life has said, after its research found that renters need an extra £398,000 in retirement than those without housing costs
Posted: 26/8/25
MPs have faced growing calls to amend the Pension Schemes Bill to require pre-1997 indexation on Pension Protection Fund (PPF) and Financial Assistance Scheme (FAS) pension rights
Posted: 26/8/25
The Edinburgh Woollen Mill Ltd Retirement Benefits Scheme is now expected to become fully funded as a result of intervention by The Pensions Regulator (TPR), with the sponsoring employer agreeing to make a £7m lump sum payment to help support the scheme
Posted: 26/8/25
Just 27 per cent of people are not reliant on a partner’s pension, with women significantly more likely to rely on their partner's pension than men, research from Hargreaves Lansdown has revealed
Posted: 26/8/2025
The pensions industry needs to take targeted steps to improve neuro-inclusion across both saver engagement and workplace practices, the Society of Pension Professionals (SPP) has said
Posted: 26/8/2025
The John Cotton (Mirfield) Limited Retirement Benefits Scheme has completed an £11m full scheme buy-in with Just Group, insuring the retirement benefits of the remaining 105 uninsured members of the scheme, including 48 deferred and 57 pensioners
Posted: 26/8/25
The Financial Conduct Authority (FCA) is "very, very confident" that the targeted support proposals will come into effect by the "end of the year or early next year", FCA head of asset management and pensions policy, Nike Trost, has said
Posted: 22/8/25
Concerns over the future of the triple lock have persisted, after analysis from Broadstone suggested that the state pension could increase by more than £550 next year under the triple lock, as average earnings growth is currently expected to outpace inflation
Posted: 22/8/25
The latest news in brief and mandates from the past seven days
Posted: 22/8/2025
A coalition of UK pension and insurance investors, including the Pension Protection Fund (PPF) and a number of Local Government Pension Schemes, has committed financing to the £3bn refurbishment of the Haweswater Aqueduct Resilience Programme (HARP), marking one of the largest UK infrastructure deals in recent years
Posted: 22/8/2025
Despite broad support for the Pension Schemes Bill, there are various ways in which it could be improved, the Society of Pension Professionals (SPP) has said, reiterating its concerns over plans for a reserve power to mandate investment in private market assets
Posted: 22/8/25
Pensions Age looks back on the week’s key developments, from pension tax speculation and regulatory updates to defined benefit (DB) scheme challenges and a busy annuity market
Posted: 22/8/25
Speculation over potential changes to pension tax rules has continued to grow ahead of the Autumn Budget, with reports that Chancellor, Rachel Reeves, is set to consider cutting the tax-free pension lump sum
Posted: 21/8/25
The government and pensions industry both need to take action to address pension adequacy concerns, the Society of Pension Professionals (SPP) has said, warning that this is “arguably the biggest challenge faced to date”
Posted: 21/8/25
Policymakers should take action to "safeguard" the future of retirement in Britain, Quilter has said, backing plans to move forward with a system of targeted financial support and calling for a consultation on the most appropriate state pension uprating
Posted: 21/8/25
The government has agreed to move the mandatory scheme pays deadline to 6 July 2027, aligning with the deadline for pensioner members, in what industry experts have branded as a "very welcome and pragmatic move"
Posted: 21/8/25
People under 35 are nearly three times more likely than those over 65 to know where their pension is invested, with many younger savers taking a particular focus on ethical investing, research from OVO has revealed
Posted: 21/8/2025
The SPM Plastics Pension Scheme has completed a £4m full buyout with Just Group, securing the benefits of all 38 scheme members
Posted: 21/8/25
The number of defined benefit (DB) pension schemes granting discretionary pension increases has fallen, with research from Aon revealing that the majority (83 per cent) of DB schemes are yet to decide how to share any surplus between the sponsor and member
Posted: 20/8/2025
The pension industry must do more to support smaller defined benefit (DB) schemes, Hughes Price Walker has said, calling on regulators, advisers, and insurers to adapt their processes so schemes, regardless of size, can access efficient and viable endgame solutions
Posted: 20/8/25
Investors should take small but actionable steps to navigate AI challenges, LCP has said, suggesting that while AI presents opportunities, it also presents risks that will be difficult to mitigate due to their systemic nature
Posted: 20/8/25
The Avon Pension Fund has confirmed that it will be surveying members on whether the fund should continue investing in aerospace and defence companies, with the findings set to help inform the committee's final decision on this issue later this year
Posted: 20/8/25
The ABB Plan has completed a £700m buy-in with Aviva, securing the retirement benefits of more than 4,450 pensioner members and over 2,900 deferred members
Posted: 20/8/25
Local Government Pension Scheme (LGPS) pool, Border to Coast Pensions Partnership, has reduced financed emissions for in-scope assets by 66 per cent since 2019, meaning that it is ahead of 2025 emissions target by 13 per cent and on track for its 2030 goal
Posted: 19/8/25
Baby Boomers are most likely to rely on pensions alone in retirement, with the majority of millennials (56 per cent) and Gen Z (62 per cent) instead expecting to rely on a mixture of pension and property as their main retirement asset, research from Standard Life has found
Posted: 19/8/25
Over 2,000 pension scam victims have received compensation to help them rebuild their lives, with a total of £81.5m in compensation paid to 58 pension schemes whose members were defrauded by scammers, The Pensions Regulator (TPR) has confirmed
Posted: 19/8/25
The second half of 2025 is expected to remain "very busy" for the bulk purchase annuity (BPA) market, with analysis from Aon revealing that, despite lower overall volumes, the number of BPA deals remained strong in H1
Posted: 19/8/25
The Pensions Regulator (TPR) has confirmed that it is making updates to the Trustee Toolkit, with some of the updated modules already available in a testing phase, and more expected to follow towards the end of the year
Posted: 19/8/25
More than 2,000 people have backed PensionBee's petition calling for a 10-day pension switch guarantee, which the group highlighted as evidence of the growing public demand for faster and clearer pension transfers
Posted: 19/8/25
Defined Contribution Investment Forum (DCIF) executive director, Louise Farrand, considers how pension schemes are moving beyond broad environmental, social and governance (ESG) messaging to more personalised engagement strategies
Posted: 18/8/25
The Department for Work and Pensions (DWP) has launched a call for evidence to support its third state pension age (SPA) review, looking for further views on what factors it should consider in determining the SPA for future decades
Posted: 18/8/25
The popularity of annuities has continued to grow, with the average annuity purchase size increasing by over 160 per cent since 2021, according to research from Hargreaves Lansdown
Posted: 18/8/25
Aviva has launched a new guaranteed fixed-term annuity product designed to offer clients greater control of how they manage their pension savings, after its research revealed a growing preference for regular income in retirement
Posted: 18/8/2025
The Brother Staff Retirement Benefits Scheme has completed a £56m full scheme buy-in with Just Group, securing the retirement benefits of all 679 members of the scheme, including 299 pensioners and dependents, and 380 deferred members
Posted: 18/8/25
The Public and Commercial Services Union (PCS) has raised concerns over MyCSP’s plan to run an internal staff poll on union recognition, arguing that a company-led vote may not offer enough impartiality or oversight
Posted: 15/8/25
Most firms complete pension transfers in a reasonable timeframe, the Financial Conduct Authority (FCA) has said, although it has raised concerns over switching incentives, warning that some consumers may not be considering the “full financial implications” of their decisions
Posted: 15/8/2025
Pensions Age looks back on the key developments in the industry this week, including continued progress in LGPS consolidation, heightened regulatory scrutiny, and upcoming tax changes
Posted: 15/8/2025
The latest news in brief and mandates from the past seven days
Posted: 15/8/25
A joined-up effort from policymakers, employers and the pensions industry is needed to tackle the gender pensions gap, Penny has said, after its research revealed a 63 per cent gender gap in the average pension pot sizes transferred through its platform
Posted: 14/8/25
Four Local Government Pension Scheme (LGPS) funds have confirmed their intention to join LGPS Central Limited, following a "comprehensive" review to determine a suitable future pooling partner
Posted: 15/8/25
On Financial Awareness Day, Callum Conway discusses why persistent low pension engagement remains a challenge for the industry and how schemes, providers, and employers can work together to close the gap
Posted: 14/8/2025
Pension trustees could face large fines or even jail time if they flout investment rules designed to protect savers, The Pensions Regulator (TPR) has warned, confirming plans to share guidance on what good trusteeship looks like as part of its work to raise standards
Posted: 14/8/25
The Misys Retirement Benefits Plan has completed a £25m buy-in with Legal & General (L&G), securing the benefits of around 190 deferred and pensioner members
Posted: 14/8/2025
The UK pension risk transfer (PRT) market is expected to see market inflows of over £500bn between 2029 and 2043, Legal & General (L&G) has said, with the global PRT market on track for a "transformative period"
Posted: 14/8/25
Lifesight, WTW’s defined contribution (DC) master trust, has committed to investing £450m in the Schroders Greencoat Global Renewables+ Long-Term Asset Fund (LTAF), with the potential for additional investments in the future
Posted: 14/8/25
The Pensions Regulator (TPR) has called on pension scheme trustees to consider decumulation strategies now to deliver better retirement outcomes for savers, warning that adequacy is the "biggest challenge of our time"
Posted: 14/8/25
Apprenticeships are becoming a mainstay in the pensions industry, with over half (52 per cent) of firms now offering apprenticeships to boost diversity, productivity and retention, according to the Society of Pension Professionals (SPP)
Posted: 14/8/25
Around 140,000 SEI Master Trust members have been transferred to the XPS Group, which will now provide full administration services for the master trust
Posted: 13/8/25
Insurers must act with greater urgency to innovate and differentiate themselves in the increasingly competitive, transparent, and customer-driven bulk purchase annuity (BPA) market, XPS Group has said
Posted: 13/8/25
Growth in the professional and sole trustee market has slowed to its weakest pace in five years, with analysis from LCP revealing that the overall number of professional trustee appointments over the past year increased by just 2 per cent
Posted: 13/8/25
The share of pension assets managed by the UK investment management industry has fallen from a peak of 45 per cent of total assets under management (AUM) in 2018 to 27 per cent in 2024, the Investment Association (IA) has revealed
Posted: 13/8/2025
Retirement income outcomes for defined contribution (DC) pension scheme members have continued to improve in 2025, despite a backdrop of increasing market volatility, according to analysis from Hymans Robertson
Posted: 13/8/2025
Upcoming changes that will see unused pensions come into the scope of inheritance tax (IHT) will apply to the pension pots of people who die before reaching minimum pension age
Posted: 13/8/25
Support for the UK Stewardship Code has continued to grow, as the Financial Reporting Council (FRC) has confirmed that there are now 299 signatories to the code following the latest round of applications, representing £56trn in assets under management
Posted: 13/8/25
The ROM Group Pension and Life Assurance Scheme has completed a £23m full scheme buy-in with Just Group, securing the benefits of all 249 members, including 124 deferred and 125 pensioners
Posted: 13/8/25
Advisers and the regulator should focus on the Consumer Duty challenge posed by the inclusion of unused pension funds in estates for inheritance tax (IHT) purposes, later life lending platform Air has said
Posted: 12/8/25
HMRC and financial service firms should be allowed to provide people with personalised ‘nudges’ to encourage retirement saving, the Social Market Foundation (SMF) has said, as it urged the government to "stop ignoring the self-employed pension crisis"
Posted: 12/8/25
Collective defined contribution (CDC) pension schemes could play a key role in addressing long-standing challenges around adequacy and sustainability in retirement provision, according to Zedra managing director, Kim Nash
Posted: 12/8/2025
The aggregate surplus of defined benefit (DB) pension schemes rose from £230.5bn to £241.1bn in July, after large gains in equity markets drove some global stock markets to all-time highs, data from the Pension Protection Fund (PPF) has revealed
Posted: 12/8/25
The Helaba Pension and Life Assurance Plan has completed a £36m buy-in with Pension Insurance Corporation (PIC), securing the benefits of all 156 pensioner and deferred members
Posted: 12/8/2025
Seven in 10 of the three million savers who have withdrawn funds flexibly since the 2015 pension freedom changes were under 65, analysis of Department for Work and Pensions (DWP) data has revealed, sparking concerns about early access to retirement savings
Posted: 11/8/25
Whilst artificial intelligence (AI) is creating “significant” opportunities for investment portfolios, it could also present material risks, Railpen has warned, as it unveiled a new framework designed to help investors assess companies’ approaches to AI risk management
Posted: 11/8/2025
Seven Local Government Pension Scheme (LGPS) funds have confirmed their intention to join the Border to Coast Pensions Partnership, ahead of the government's 30 September partner selection deadline
Posted: 11/8/25
Just over a third (34 per cent) of UK adults are aware they can contribute to a partner’s pension, according to Hargreaves Lansdown research, highlighting ongoing gaps in UK savers' pension knowledge
Posted: 11/8/25
The aggregate surplus of UK defined benefit (DB) pension schemes remained strong at around £211bn at the end of July, up £5bn from the end of June, XPS Group has found, although it cautioned that the latest mortality trends could slow further increases
Posted: 11/8/2025
The Rolls-Royce UK Pension Fund has completed a £4.3bn buy-in with Pension Insurance Corporation (PIC), securing all of the fund's total remaining liabilities
Posted: 11/8/25
Institutional risk appetite continued to climb in July, with the State Street Risk Appetite Index rising to +0.54 – its highest level since November 2020
Posted: 8/8/25
The mere threat of mandation is "the worst of both worlds", the Society of Pension Professionals has warned, arguing that further clarification is needed on the government's plans for a reserve power in the Pension Schemes Bill
Posted: 8/8/25
Royal London completed eight bulk purchase annuity (BPA) buy-ins in the first half of the year, securing £658m of premiums, with total premiums since launch now surpassing the £1bn milestone, its interim results have revealed
Posted: 8/8/25
Pensions Age looks back on the key developments in the industry this week, including updates from regulators, reactions to the Local Government Pension Scheme consultation, and issues related to data security
Posted: 8/8/25
Simpler pension transfer times fell to an average of 10.8 days in the 12 months to 30 June 2025, in what has been branded a "positive story" for savers by Origo, although wider industry pressure for the government to introduce a switch guarantee continues to build
Posted: 8/8/2025
The latest news in brief and mandates from the past seven days
Posted: 8/8/25
The WCF Ltd Staff Retirement Benefits Scheme has completed a £7.2m buy-in with Legal & General (L&G), securing benefits for its remaining 122 deferred members
Posted: 7/8/2025
The Bank of England (BoE) has cut the base rate from 4.25 per cent to 4 per cent, although industry experts suggested this will only have a "modest" impact on defined benefit (DB) and defined contribution (DC) pension schemes
Posted: 7/8/25
Activity in the pension risk transfer market is expected to be "much busier" in the second half of 2025, with momentum in all segments as multiple small, medium, and large schemes come to market, Just Group has said
Posted: 7/8/25
Several pension organisations have backed proposals to improve fairness and tackle inequality in the Local Government Pension Scheme (LGPS), although concerns around implementation and the administrative burden remain
Posted: 7/08/2025
Changing market conditions have accelerated interest in outsourced chief investment officer (OCIO) arrangements, Isio has said, with more large schemes now considering or implementing OCIO arrangements
Posted: 7/8/25
The Pension Protection Fund (PPF) has confirmed that it has put the 2025/26 PPF levy invoicing on hold, leaving the door open for the PPF to move to a zero levy for conventional schemes for 2025/26
Posted: 7/8/25
The Financial Conduct Authority (FCA) has announced that it is considering how to streamline and enhance its sustainability reporting framework for asset managers, life insurers and FCA-regulated pension providers, as it looks to ease "unnecessary" burdens
Posted: 6/8/25
Significant work will be required over the next two years to implement the changes outlined in the Pension Schemes Bill and the regulatory changes committed to in the Mansion House Accord, Legal & General (L&G) has said
Posted: 6/8/25
The administration of the Civil Service Pension Scheme (CSPS) has reached a “crisis point” and could be at risk of collapse, the Public and Commercial Services Union (PCS) has warned, calling for the scheme’s administration to be brought back in-house
Posted: 6/8/25
More than £2.5m will be paid into the Danapak Flexibles Retirement Benefits Scheme (DFRBS) following a recent court ruling and previous enforcement action by The Pensions Regulator (TPR)
Posted: 6/8/25
The Sedgwick Section of the MMC UK Pension Fund has completed a £1.9bn buy-in with Standard Life, covering the benefits of all 6,500 members of this section of the scheme
Posted: 6/8/25
Defined benefit (DB) pension scheme funding levels continued to improve in July 2025, despite ongoing global market uncertainty, according to the latest data from Broadstone
Posted: 6/8/2025
Everton Football Club has become the first Premier League club to sign up to the Living Pension, a voluntary savings standard launched by the Living Wage Foundation in March 2023
Posted: 6/8/2025
Capita is still in dialogue with the Information Commissioner's Office (ICO) following the cyber incident in March 2023, its half-year results have revealed, with a further charge of £3m recognised in the first half of 2025 in relation to the incident.
This pushes the total net costs incurred since the incident in March 2023 to £29.3m
This pushes the total net costs incurred since the incident in March 2023 to £29.3m
Posted: 5/8/25
The Pensions Ombudsman (TPO) has upheld a complaint against Evolve Practice Management Limited for failing to pay contributions into a worker’s Nest pension despite deducting them from her pay
Posted: 5/8/25
Asset managers continue to raise the bar on sustainable investing, although concerns remain over climate reporting and disclosure, according to findings from Isio
Posted: 5/8/2025
The National Grid UK Pension Scheme has completed a £900m buy-in with Rothesay, securing the benefits of 7,130 pensioners and their dependants
Posted: 5/8/25
The gender pensions gap has been almost completely eliminated when it comes to the state pensions of people retiring today, a freedom of information response from the Department for Work and Pensions (DWP) has revealed
Posted: 5/8/25
The government should look to ease the probate process by linking its plans to bring unused pension pots into the scope of inheritance tax (IHT) with the pensions dashboard project, RSM UK has said
Posted: 4/8/25
With cyber threats evolving rapidly, the Pensions Administration Standards Association (PASA) has urged trustees, administrators, and providers to adopt a "proactive and dynamic" approach to data, sharing new guidance on improving data security and governance
Posted: 4/8/25
The wait is over — the shortlist for the Irish Pensions Awards 2025 has just been revealed
Posted: 4/8/25
The Access Pool has confirmed that its 11 Local Government Pension Scheme (LGPS) partner funds are unlikely to choose a single pooling partner, signalling a likely split ahead of the government's 30 September 2025 pooling partner selection deadline
Posted: 4/8/25
Less than half (47 per cent) of British people know how their pension investments are performing, with men “significantly” more likely to know than women, research from Hargreaves Lansdown has revealed
Posted: 4/8/25
Just over half (51 per cent) of UK baby boomers are on track to meet their retirement goals, with the rest expected to fall short of the income needed to maintain their current lifestyle or achieve a moderate standard of living in retirement, research from Vanguard has found
Posted: 4/8/2025
A national petition urging the government to introduce a legally enforceable 10-day pension switch guarantee has been launched by PensionBee, amid growing frustration over the current pace of pension transfers
Posted: 4/8/25
Whilst several UK businesses have been reassured by the news that the government will introduce legislation to deal with issues arising from the Virgin Media judgment, many are still monitoring the situation whilst awaiting the final legislative details
Posted: 1/8/25
The Pensions Ombudsman (TPO) has upheld a complaint against Huma Kitchens Ltd after finding that the company failed to pay contributions into a worker’s Nest pension despite deducting contributions from her pay
Posted: 1/8/25
Pensions Age looks back on the key developments in the industry this week, including HMRC data, The Pensions Ombudsman’s new corporate strategy, and ongoing concerns around pension adequacy
Posted: 1/8/25
The latest news in brief and mandates from the past seven days
Posted: 1/8/2025
As God's own county celebrates another Yorkshire Day this Friday, 1 August, Natalie Tuck highlights the talent and vibrancy of the region's thriving pensions sector
Posted: 01/08/25
The Pensions Regulator (TPR) has called on trustees to move beyond compliance and demonstrate leadership on climate and nature-related risks, as it steps up its expectations on investment governance
Posted: 31/7/25
The estimated cost of gross pension income tax and national insurance contributions (NICs) relief rose to £78.2bn in 2023/24, up from £72.1bn the previous year, according to new figures from HMRC
Posted: 31/7/2025
The vast majority (89 per cent) of eligible employees in Great Britain were saving into a workplace pension in 2024, with around 21.7 million eligible employees saving, figures from the Department for Work and Pensions (DWP) have revealed
Posted: 31/7/25
Several companies have published their 2025 half-year results, showing mixed outcomes regarding the funding of their defined benefit (DB) pension schemes, particularly in relation to surpluses
Posted: 31/7/25
Industry experts have warned that despite an increase in the number of self-employed people making pension contributions, this remains a "drop in the ocean" compared with the level of savings needed
Posted: 31/7/25
UK policymakers should reconsider the definition of pension adequacy and look to successful international examples for improved retirement outcomes, Festina Finance has suggested, emphasising that the UK’s pension adequacy requires a “structural reset"
Posted: 317/25
Brookfield Wealth Solutions (BWS) has announced plans to acquire Just Group for 220 pence per share in cash, in a move that the Chancellor, Rachel Reeves, has highlighted as a demonstration of the "strong faith" in the UK economy
Posted: 31/7/25
The Terex Pension Scheme has completed a buy-in with Aviva, securing the benefits of all remaining members across three fully segregated sections of the scheme, following a partial pensioner buy-in in 2019
Posted: 31/7/2025
The Pensions Ombudsman (TPO) has outlined plans to tackle the rising and "unprecedented" demand for its services, including looking for new and innovative ways to tackle the growing funding gap it is facing.
TPO's 2025-2028 Corporate Strategy argued that while the quality of the ombudsman's work is of a "very high standard", it is aware that customers are currently waiting too long to reach the end of the process
TPO's 2025-2028 Corporate Strategy argued that while the quality of the ombudsman's work is of a "very high standard", it is aware that customers are currently waiting too long to reach the end of the process
Posted: 30/7/25
The Public and Commercial Services Union (PCS) has announced that it received a letter from Capita last week (Friday 25 July), confirming the beginning of union recognition talks
Posted: 30/7/25
Several companies have published their half-year results for 2025, revealing positive returns and varying surplus levels for their pension schemes
Posted: 30/7/2025
The Welsh government has confirmed that it will move forward with changes to employee contributions within the Welsh Firefighters' Pension Scheme, with plans to make and lay amending regulations that will come into force on 1 September 2025
Posted: 30/7/25
Two-thirds (66 per cent) of adults aged 40-65 said that they were not aware of the option to delay taking the state pension beyond the state pension age, analysis of data from the Department for Work and Pensions (DWP) has revealed
Posted: 30/7/2025
Just over a fifth (21 per cent) of people do not know where their pension is held, with savers potentially "missing out" on thousands of pounds as a result, a survey from Hargreaves Lansdown has revealed
Posted: 30/7/25
HMRC repaid more than £48m to people who overpaid tax when they flexibly accessed their pensions in Q2 2025, the latest government Pension Schemes Newsletter has revealed
Posted: 30/7/25
Pension scheme trustees should consider taking action now to prepare for pensions dashboards, LCP has said, outlining four key steps that trustees should look to take as the industry moves closer to connection
Posted: 29/7/25
The Essentra UK Pension Scheme has completed a £24m buyout of the Senior Section of the scheme, the group's half-year results have revealed
Posted: 29/7/2025
Callum Conway explores how the Lionesses’ victory exposes the stubborn inequalities women still face - on the pitch, in the workplace, and in retirement
Posted: 29/7/2025
Transport union RMT has cautioned the government against any attempts to “drastically” raise the state pension age beyond 68, warning that this would be met with strong resistance, including coordinated protests from across the trade union movement
Posted: 29/7/25
The Pensions Ombudsman (TPO) has upheld a complaint against Greenacre Group Limited for failing to pay contributions into a worker’s Nest pension despite deducting contributions from her pay
Posted: 29/7/25
The British Heart Foundation Staff Pension Scheme has completed a £37m buy-in with Royal London, covering the pensions of over 200 members, including 118 pensioners and their dependants and 85 deferred pensioners
Posted: 29/7/2025
Isio has launched a service to help trustees and sponsors of defined benefit (DB) pension schemes to choose the right endgame strategy for their scheme
Posted: 28/7/25
Despite recent progress, more than half (60 per cent) of global defined contribution (DC) organisations are concerned that members are not saving enough for retirement, research from the Thinking Ahead Institute (TAI) has revealed
Posted: 28/7/25
The government will need to make "difficult decisions" to rebuild fiscal buffers given the UK's ageing population, the International Monetary Fund (IMF) has said, highlighting the state pension triple lock as one potential area for reform
Posted: 28/7/25
Two-fifths (40 per cent) of people are worried about upcoming changes to pensions and inheritance tax (IHT), set to be introduced from April 2027, according to data from Hargreaves Lansdown (HL)
Posted: 28/7/2025
There is “more that could be done” in terms of efficiency and effectiveness in the risk transfer process, the Society of Pension Professionals (SPP) has stated, despite numerous developments in this area over recent years
Posted: 28/7/25
The majority of people approaching or in retirement prefer to secure a guaranteed income from their pension, analysis of data from the Department for Work and Pensions (DWP) has revealed
Posted: 28/7/2025
The Serious Fraud Office (SFO) has charged multiple individuals with fraud-related offences, following a "complex" investigation into the transfer of £75m in pension funds into storage units
Posted: 25/7/25
Three quarters (76 per cent) of professional trustees are experiencing delays in their buyout and wind-up processes following a full scheme buy-in, research from Hymans Robertson has revealed
Posted: 25/7/25
The estimated defined benefit (DB) funding surplus for the Universities Superannuation Scheme (USS) has increased to £10.1bn, as work to explore how the scheme might be put on a more stable footing continues, including consideration of conditional indexation
Posted: 25/7/25
Median total fiduciary management fees have fallen 27 per cent over the past five years, according to IC Select’s annual survey of the fiduciary management market
Posted: 25/7/25
The latest news in brief and mandates from the past seven days
Posted: 25/7/25
Pension scheme data still requires improvement ahead of the legislative pensions dashboards deadline, as underinvestment has resulted in a 'data debt' for many pension schemes, figures from The Pensions Regulator (TPR) have revealed
Posted: 25/7/2025
The Wiltshire Pension Fund (WPF) has selected Local Government Pension Scheme (LGPS) Central as its preferred pooling partner, after Brunel Pension Partnership, its current pooling partner, failed to get the government's green light on its pooling plans
Posted: 25/7/25
Pensions Age looks back on the key developments in the industry this week, including the revival of the Pension Commission, analysis shared by the government and more
Posted: 25/7/25
Self-employed individuals are heading for retirement “dramatically underprepared”, the Pensions Policy Institute (PPI) has said, due to being structurally excluded from the pensions system, as they are not automatically enrolled into a workplace pension
Posted: 24/7/25
The trustee of the Cameron McKenna Final Salary Pension Scheme and the NN Pension Scheme has secured a £112m bulk annuity buy-in with Aviva, insuring the benefits of around 1,000 scheme members
Posted: 24/7/25
More than half (51.6 per cent) of defined benefit (DB) pension schemes view regulation as the greatest risk to their endgame strategy, according to research from Hymans Robertson
Posted: 24/7/25
Defined benefit (DB) pension transfer values rose to £141,000 at the end of June 2025, marking the first month-end increase in XPS Group’s Transfer Value Index since the start of the year, its results have revealed
Posted: 24/7/25
The Institution of Mechanical Engineers Pension Scheme has concluded a £40m buy-in with Pension Insurance Corporation (PIC), covering the pensions of all 200 scheme members
Posted: 24/7/25
DAC Retirement Benefits Scheme has secured a £11m full scheme buy-in with Aviva, securing the benefits of all 15 deferred members and 25 pensioner members
Posted: 24/7/25
MPs have urged the government to commit to a UK-wide, cross-government strategy to tackle pensioner poverty, warning that if it doesn't effectively address this issue, it will not be able to achieve its goal of building a sustainable health and social care service
Posted: 24/7/25
Affordable housing has been identified as a priority asset class for defined contribution (DC) pension investors, with research from Legal & General (L&G) revealing strong saver support for DC pension capital to be invested in affordable housing
Posted: 23/7/25
The Huntsman Pension Scheme has completed a £205m buy-in with M&G, securing the benefits of over 660 retirees and deferred pensioners in the scheme
Posted: 23/7/25
The UK retirement market is at a "critical" inflection point ahead of the 2027 deadline for master trusts to provide a default decumulation solution, Pi Partnership has said
Posted: 23/7/25
Representatives from across the pensions industry attended a roundtable to inform the forthcoming value for money consultation yesterday (22 July), also publicly unveiling the Pound for Pound (£4£) initiative for the first time
Posted: 23/7/25
Aviva has launched a 'flex first, fix later' guided retirement income solution, which combines pension drawdown strategies with a later-life annuity
Posted: 23/7/25
Social housing professionals are broadly supportive of the idea of collective defined contribution (CDC) pensions, research by First Actuarial has found, with a "clear" preference for multi-employer CDC options.
Posted: 22/7/25
The Financial Reporting Council (FRC) has published version 2.1 of the Technical Actuarial Standard 300: Pensions (TAS 300), bringing greater clarity to practitioners and removing provisions from the standard that are no longer needed
Posted: 22/7/25
The government has confirmed that it will bring pensions into the scope of inheritance tax (IHT) from April 2027, although it has made changes in response to industry feedback, deciding that lump sum death in service benefits are not to be brought into scope of the IHT regime after all
Posted: 22/7/25
The Pensions Regulator (TPR) achieved 27 out of 31 of its corporate priority outcomes in 2024/25, its latest Annual Report and Accounts has revealed
Posted: 22/7/25
Whilst most UK pension schemes are receiving impact reports, very few are reading them closely or using them to guide investment decisions, research from Pensions for Purpose has revealed
Posted: 22/7/25
The total premium from de-risking transactions is anticipated to decrease in the first half of 2025, while the number of transactions is expected to increase, Broadstone’s H1 2025 bulk purchase annuity (BPA) market review has suggested
Posted: 22/7/25
The Apostolic Church Staff Pension Scheme has completed a £4m full scheme buy-in with Just Group, securing the benefits of 51 pensioners and 12 deferred members
Posted: 22/7/25
The government has launched a review into the state pension age, looking at the factors it should consider relating to state pension age and the proportion of adult life currently spent in retirement
Posted: 21/7/25
The gender pension gap has risen to a "stark" 48 per cent, figures from the Department for Work and Pensions (DWP) have revealed
Posted: 27/7/25
The Department for Work and Pensions (DWP) has published its Planning and Preparing for Later Life 2024 report, revealing that more than a third (38 per cent) of UK adults aged 40 to 75 have no savings at all
Posted: 2/7/25
The Department for Work and Pensions (DWP) has revealed that whilst the typical assets under management (AUM) for multi-employer providers (MEPs) are around 100 times that of single-employer trusts (SETs), MEPs are typically less heavily invested in UK assets than SETs
Posted: 21/7/25
Whilst auto-enrolment has brought in a significant number of new savers, the average contribution rate as a percentage of total pay for those saving was lower in 2023 than before auto-enrolment was rolled out in 2012
Posted: 21/7/25
Major UK pension scheme investors have launched the Governance for Growth Investor Campaign (GGIC), aiming to champion savers’ interests through a governance for growth approach, thereby accelerating UK economic dynamism and supporting UK capital markets
Posted: 21/7/25
Industry experts have welcomed the news that the government has revived the Pensions Commission to address pension undersaving concerns, describing the relaunch as a "vital step forward"
Posted: 21/7/25
The government has "revived" the Pensions Commission as part of its work to explore the barriers stopping people from saving enough for retirement, with the commission set to share its final report in 2027
Posted: 21/7/25
The Society of Pension Professionals (SPP) has urged trustees to consider investing in private markets, after its research found limited involvement from defined contribution (DC) schemes
Posted: 18/7/2025
Now Pensions Ltd (NPL) and Now Pension Trustee Ltd (NPTL) have each been given penalties of £50,000 for failing to correctly report significant events and breaches of law to The Pensions Regulator (TPR)
Posted: 18/7/2025
The pensions adequacy review, expected to be launched on Monday, must not be “nobbled by the Treasury from day one”, but “free to come up with its own recommendations – even if these cost money”, former Pensions Minister and LCP partner, Steve Webb, has warned
Posted: 18/7/2025
A survey assessing several major areas of pensions and retirement has revealed a 'regional confidence gap' in pension attitudes, according to Retirement Review
Posted: 18/7/2025
The Pensions Regulator (TPR) has published a year two update on its three-year corporate plan (2024–2027), warning that the pensions landscape continues to undergo rapid changes amid significant uncertainty in both domestic and global economic conditions
Posted: 18/7/2025
DB schemes are “surging” into hedge fund investment, driven by market volatility and wider macro-economic uncertainty, Aon has claimed
Posted: 18/7/2025
With trillions of pounds in defined benefit (DB) pension assets expected to transfer to insurers in the coming years, FTSE 350 firms could miss out on billions in surplus value if they buy out too early, according to analysis from Barnett Waddingham (BW)
Posted: 18/7/2025
The latest news in brief and mandates from the past seven days
Posted: 18/7/2025
Pensions Age looks back on the key developments in the industry this week, including the Reeve’s Mansion House speech, calls on the government for action on key areas, and more
Posted: 18/7/2025
The inaugural Nederlandse Pensioen Awards, organised by European Pensions, are now officially open for entries
Posted: 17/07/25
The Pensions Ombudsman (TPO) has closed more cases than ever before in 2024/25, its Annual Report and Accounts have revealed, following the “successful” implementation of its Operating Model Review (OMR) programme
Posted: 17/7/25
The Department for Work and Pensions (DWP) will publish three pensions-related reports on Monday (21 July), prompting experts to suggest the long-awaited pensions adequacy review could be launched the same day
Posted: 17/7/25
Forty-two per cent of the professional trustee appointments to defined benefit (DB) pension schemes were sole trustees by March 2025, an increase from 37 per cent in 2024, according to the latest annual report from Hymans Robertson
Posted: 17/7/2025
Across 2024, £10.9bn has been invested from annuity business directly into UK-focused productive assets, the Association of British Insurers (ABI) has reported.
Posted: 17/7/25
Defined benefit (DB) superfunds will play a growing role in the endgames of DB pension schemes, according to analysis from LCP
Posted: 17/7/2025
Around half of FTSE350 companies with defined benefit (DB) schemes could have surpluses on a “low dependency” basis, research from WTW has found
Posted: 17/7/25
Sixty-four is the average age at which people purchase lifetime annuities, while it’s 63 for fixed-term annuities, according to sales data from Standard Life.
Posted: 17/7/2025
The government has published the first-ever Financial Services Growth and Competitiveness Strategy, outlining a 10-year plan to make the UK the “global location of choice” for financial services firms
Posted: 16/7/2025
The government’s adequacy review on pensions “cannot come soon enough”, the Pensions Policy Institute (PPI) has said, after its UK framework revealed performance in the UK pensions system has “stalled”
Posted: 16/7/25
Celebrating excellence within the pensions industry for another year, the Pensions Age Awards 2026 are now open to entries for all UK pension schemes and provider firms serving pension schemes in the UK
Posted: 16/07/25
More than three quarters (77 per cent) of people who receive financial advice believe their adviser has made them financially better off, Standard Life has revealed, showing the “significant” impact financial advice can have on finances and financial wellbeing
Posted: 16/7/25
Prices rose by more than expected to 3.6 per cent in the year to June, the fastest rate of inflation since January 2024, according to the Office for National Statistics (ONS)
Posted: 16/7/2025
The pensions industry has broadly welcomed the financial services sector reforms made in the Chancellor’s Mansion House speech yesterday, 16 July; however, concerns remain around implementation and trustee autonomy
Posted: 16/7/25
The government has confirmed its intention to take forward a proposal for targeted support as part of its joint review with the Financial Conduct Authority (FCA) on the regulatory boundary between financial advice and guidance
Posted: 16/7/2025
Industry experts have expressed their disappointment after Chancellor, Rachel Reeves, failed to announce the launch of the second phase of the pensions review at her Mansion House speech
Posted: 16/7/25
Smart Pension Master Trust has said that it expects to hit £10bn in assets under management by the end of next year, thanks to ongoing acquisitions and growth in new business
Posted: 15/7/25
Industry speculation has continued to grow ahead of Chancellor Rachel Reeves’ Mansion House speech, with many hopeful that she will announce plans for the second phase of the government’s pension review, focusing on adequacy issues.
Pension organisations have been keen to share their wish lists ahead of the launch of the review, with particular calls for the government to implement the 2017 auto-enrolment reforms, and to consider increasing pension contributions more widely
Pension organisations have been keen to share their wish lists ahead of the launch of the review, with particular calls for the government to implement the 2017 auto-enrolment reforms, and to consider increasing pension contributions more widely
Posted: 15/7/25
Nearly one in four (24 per cent) people don’t know how much they and their employer are paying into their pension, research from Hargreaves Lansdown has found
Posted: 15/7/25
The government and regulators are facing renewed pressure to introduce a 10-day pension switch guarantee, including the launch of a public petition, after research from PensionBee revealed the extent of 'pension purgatory' for millions of savers
Posted: 15/7/2025
The deadline to enter the Irish Pensions Awards has been extended to 25 July 2025, so now is the time to showcase your achievements, innovations, and dedication to excellence in pensions
Posted: 15/7/25
The Pensions Ombudsman (TPO) has partly upheld a complaint against the trustees of the BIC UK Pension Scheme, after concluding that the complainants had a defence of laches to the recovery of the overpayments that had built up
Posted: 14/7/25
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
Posted: 14/7/25
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
Posted: 14/7/25
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"
Posted: 14/7/25
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
Posted: 14/7/25
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)
Posted: 14/7/2025
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
Posted: 14/7/25
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
Posted: 14/7/25
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
Posted: 11/7/25
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)
Posted: 11/7/2025
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
Posted: 11/7/25
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
Posted: 11/7/25
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
Posted: 11/7/25
The latest news in brief and mandates from the past seven days
Posted: 11/7/2025
Pensions Age looks back on the key developments in the industry this week, including the second reading of the Pension Schemes Bill, the industry's wish list for the upcoming pension adequacy review, and dashboards updates
Posted: 11/7/25
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
Posted: 11/7/25
Pensions Minister, Torsten Bell, has reiterated the government's commitment to private sector pensions dashboards, with industry polling revealing that the majority of professionals involved with the dashboards process are considering private sector dashboard opportunities
Posted: 10/7/25
The government should amend the Pension Schemes Bill to introduce mandatory disclosure of employer pension contributions on all job adverts, the Social Market Foundation (SMF) has argued
Posted: 10/7/25
The government has been urged to take “bold action” in its upcoming pension adequacy review, with particular calls for the government to implement the 2017 auto-enrolment review recommendations and build a consensus on what adequacy means.
Industry experts have been sharing their hopes for the review following reports that Chancellor, Rachel Reeves, is expected to announce the launch of the second phase of the pensions review, focusing on pensions adequacy, at her Mansion House speech later this month
Industry experts have been sharing their hopes for the review following reports that Chancellor, Rachel Reeves, is expected to announce the launch of the second phase of the pensions review, focusing on pensions adequacy, at her Mansion House speech later this month
Posted: 10/7/25
The Kingston Council has committed to reviewing all its pension fund investments to identify any holdings in companies allegedly complicit in international law and human rights violations in Palestine and across the world
Posted: 10/7/25
The proportion of schemes with over £1bn now in master trusts has increased to 40 per cent, matching the number of own-trust schemes at this scale for the first time, research from Barnet Waddingham (BW) has revealed
Posted: 10/7/2025
The combined IAS19 funding level for the defined benefit (DB) UK pension schemes of FTSE100 companies remained "strong" at over £50bn, with a funding level of around 118 per cent funding level at the end of June, LCP's latest Pensions Explorer has revealed
Posted: 10/7/25
The government's proposed power to influence investment decisions within defined contribution (DC) pension schemes, outlined in the Pension Schemes Bill, has faced renewed scrutiny after Bank of England governor, Andrew Bailey, cautioned that such an intervention would not be "appropriate” and require “a lot of heavy lifting"
Posted: 9/7/25
Pensions Minister, Torsten Bell, has confirmed that the state pension has now successfully completed its connection to the pensions dashboards ecosystem, joining the "hundreds" of pension providers and schemes with more than 20 million pension records that are now available through the dashboards ecosystem.
Pensions Dashboards Programme (PDP) programme director, Kim Webb, also highlighted broader industry progress on pensions dashboards, confirming that eight volunteer participants (VPs) have now completed the connection process
Pensions Dashboards Programme (PDP) programme director, Kim Webb, also highlighted broader industry progress on pensions dashboards, confirming that eight volunteer participants (VPs) have now completed the connection process
Posted: 9/7/25
The Office for Budget Responsibility's (OBR) forecast that the triple lock will cost £15.5bn annually by 2029-30, three times higher than initially expected, has intensified calls for the government to conduct a formal review of state pension uprating and its adequacy
Posted: 9/7/25
The Financial Conduct Authority's (FCA) proposed targeted support regime is a 'positive step' towards closing the planning and advice gap, amid the rise of 'unregulated finfluencers,' according to a survey by Nucleus
Posted: 9/7/2025
Older Brits are delaying retirement due to the rising state pension age (SPA), according to research from the University of Bath, yet many younger workers, particularly women, risk being underprepared by holding onto unrealistic early retirement hopes
Posted: 9/7/25
'Anxious and overwhelmed' savers resoundingly back the concept of targeted support despite fears over data consistency and a lack of trust in the industry, a report from the Standard Life Centre for the Future of Retirement has revealed
Posted: 9/7/2025
Pension schemes, third-party administrators and insurers should “urgently” modernise their admin infrastructure, Mantle has said, after a freedom of information request found a 33 per cent year-on-year increase in the number of complaints submitted to The Pensions Ombudsman (TPO)
Posted: 9/7/25
Compensation for a typical defined benefit (DB) pension transfer redress case continued to fall through Q1 2025, as a result of financial conditions softening and rates rising,
Broadstone's DB redress tracker has revealed
Broadstone's DB redress tracker has revealed
Posted: 9/7/2025
Four unnamed defined benefit (DB) pension schemes have completed buy-in transactions with Utmost Life and Pensions so far this year, with a combined total value of £177m
Posted: 9/7/25
Rothesay has completed a £400m eight-year investment facility in the purpose-built student accommodation (PBSA) sector
Posted: 9/7/2025
Despite cross-party support for many of the planned changes included in the Pension Schemes Bill, its second reading in the House of Commons was dominated by concerns from MPs
Posted: 8/7/25
Nearly a quarter (24 per cent) of Gen Z savers are not prioritising saving for retirement and are instead expecting an inheritance to fund their later life, research from Standard Life has revealed
Posted: 8/7/25
Just over a third (34 per cent) of people have a clear idea of how much income they will need in retirement, according to research from Hargreaves Lansdown
Posted: 08/07/2025
The aggregate surplus of defined benefit (DB) pension schemes rose from £221.1bn to £230.5bn in June, after a rise in liability values was outpaced by the growth in DB schemes' estimated asset values, data from the Pension Protection Fund (PPF) has revealed
Posted: 8/7/25
Four in five (80 per cent) businesses currently offering a defined contribution (DC) pension scheme anticipate changing their provision type in the coming years, research by LawDeb Pensions has revealed
Posted: 8/7/25
Local Government Pension Scheme (LGPS) administering authorities may struggle to deliver the changes proposed in the government's access and fairness consultation, as they are already implementing other time-intensive changes, Hymans Robertson has warned
Posted: 8/7/2025
Barnett Waddingham has submitted the first actuarial valuation under the new Defined Benefit (DB) Funding Code, completing the assessment for the Pension and Life Assurance Plan of the Royal Society under the bespoke route
Posted: 7/7//25
Defined contribution (DC) megafunds have the potential to be a “game changer” for pension savers and the UK economy, according to WPI Economics, but only if policymakers and regulators properly manage the broader ecosystem
Posted: 7/7/25
Over 50 per cent of pension schemes now offer members additional retirement support beyond the statutory minimum, analysis from Aon has found, with many schemes looking to provide increased support and flexibility to members at retirement
Posted: 7/7/25
Now Pensions has made its first investment in private markets with an allocation to UK affordable housing, with the new allocation expected to support its commitment as a signatory to the Mansion House Accord
Posted: 7/7/25
The Pensions Regulator (TPR) has announced plans to work with industry stakeholders, advisers, and professional bodies to develop and test a voluntary net-zero transition plan template that is fit for occupational pension schemes
Posted: 7/7/25
Private markets – a growing presence within UK DC
Laura Blows discusses the role of private market investment within DC schemes with Aviva Director of Investments, Maiyuresh Rajah
The DB pension landscape
Pensions Age speaks to BlackRock managing director and head of its DB relationship management team, Andrew Reid, about the DB pensions landscape
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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