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Scoop: State pension connects to dashboards ecosystem


By Sophie Smith

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


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BoE governor says mandating pension investments is ‘not appropriate’

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"

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‘Overwhelmed’ savers resoundingly back targeted support despite practical challenges.

'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

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OBR figures prompt calls for govt to review state pension uprating and adequacy

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

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Targeted support a ‘positive step’ amid rise of ‘unregulated finfluencers’

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

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Calls for industry to 'urgently' modernise admin infrastructures

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)

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DB pension transfer redress remains ‘historically low’ as CMCs pivot to other areas of ‘secret commission’

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

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Four unnamed schemes complete buy-ins with Utmost Life and Pensions, totalling £177m

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
Older Brits delay retirement while younger workers risk being underprepared

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
Rothesay completes £400m investment in student accommodation

Rothesay has completed a £400m eight-year investment facility in the purpose-built student accommodation (PBSA) sector
Long read: PSB benefits overshadowed by mandation and governance concerns

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

Aggregate DB surplus rises to £230.5bn following positive returns

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
Most businesses offering DC pensions anticipate changing provision type in coming years

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


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DB schemes are currently enjoying funding surpluses, but haven’t we been here before? Laura Blows considers the changes and challenges that have occurred since the previous era of DB surplus in the 1980s/1990s, and the lessons to be learnt from that time

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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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