New analysis from LCP sheds light on how trustees and sponsors are approaching surplus distribution as schemes move towards wind-up. With proposed changes to DB surplus flexibilities potentially widening the options available to schemes, LCP says it will be increasingly important for trustees and sponsors to understand the approaches being taken elsewhere, while taking account of their own specific circumstances.
UK charity pension schemes must shift their focus from deficit recovery to long-term strategic decision-making, including endgame, as many are now either in surplus or approaching full funding, says Hymans Robertson as it releases their annual analysis into the sector.
Mr Thomas has referred his Decision Notice to the Upper Tribunal where he will present his case. Any findings in the Decision Notice are therefore provisional and reflect the FCA’s belief as to what occurred and how it considers his behaviour should be characterised. The FCA will take no action against him until the Tribunal reaches its decision, which will be published on its website.
You don’t need to work in insurance to appreciate its value. Most of us will take out insurance over our lifetime to provide compensation for when bad things happen. If we lose our phone, crash our car, our house is lost to fire we can receive compensation that helps us get back on our feet. When it comes to our health we can insure against ill health, and if the worst happens, life insurance is designed to pay out an amount to our loved ones if we were to die.
Hymans Robertson has appointed Lauren Branney as Head of CDC. In her new role, Lauren will lead the continued development of Hymans Robertson’s Collective Defined Contribution (CDC) proposition.
Most pension savers want their money invested wherever the best growth is delivered, and would only want a greater share of their pension fund being allocated towards the UK if this was supported by the prospect of improved returns, according to new PensionBee research.
Our cover story comes from Lisa Balboa and Jessica Plewes from WTW examining some of the biggest changes that are happening in Health Insurance. Charl Cronje from LCP returns casting a look at the latest trends in London Market pricing. As usual our regular authors are in attendance bringing their viewpoints on events. We also had the start of an event with the launch of our nominations for Stars of the Future sponsored by Star Actuarial Futures.
Over a third of workers over-50 don’t know what to do about pension savings. 64% of retirees cash out tax-free lump sum age 55. One in five (19%) over-50s will only seek advice in year they retire
Thousands of young adults could be sitting on a forgotten pot of savings as they head back to college and university. As students return to college and university this month, the FCA is urging young adults and parents to check whether they have a forgotten Child Trust Fund waiting to be claimed – potentially worth thousands of pounds.
Trustees reported an average increase of 34% in Defined Benefit scheme running costs over the past 12 months. Nearly half (44%) of trustees overseeing schemes with £1bn or more in assets under management reported that their scheme’s running costs had increased by more than 50% over the past year, compared with 7% of trustees overseeing schemes below £1bn. Legal services were identified by 37% of trustees as the area seeing the largest absolute cost increase, followed by technology and data services, cited by 34%.
As students head back to school, college and university this month, PensionBee urges families to track down £1.5bn in forgotten Child Trust Funds and highlights how starting early could help your child build a substantial pension for the future.
Hymans Robertson’s newly updated 2026 National Knowledge Assessment (NKA) is now open to LGPS funds. The assessment has been updated in line with the new mandated training requirements for Committee members of English and Welsh LGPS funds.
With many Brits returning from their summer holidays dreaming of making the move abroad permanent, Standard Life is warning that where retirees choose to live could have a major impact on their retirement income. While the UK State Pension can usually still be paid overseas, whether payments continue to increase each year depends on the country you live in and the specific arrangements the UK has in place. In some cases this is linked to reciprocal social security agreements, although not all such agreements provide for annual State Pension upratings.
The Pensions Management Institute (PMI) has unveiled a new evidence-based qualification to recognise the vital importance of experienced pensions administration professionals in driving better outcomes for savers.
Global insured natural catastrophe losses reached an estimated USD 42 billion in the first half of 2026, well below the long-term trend. But does a quieter first half mean lower risk? Balz Grollimund, Head of Catastrophe Perils & Property at Swiss Re, looks at the key trends shaping natural catastrophe risk in 2026, from severe convective storms and Europe’s record heat and rising wildfire risk to the outlook for the North Atlantic hurricane season.
Legal and General Assurance Society Limited (“L&G”) today announces the completion of a £1.65bn buy-in with the trustee of the Wood Pension Plan (“Trustee”), securing benefits for all 16,400 members. The transaction marks a significant step in the sponsor and Trustee’s de-risking journey.
IKEA UK customers will be offered home insurance at the point of sale (POS) when purchasing the retailer’s products through its partnership with Urban Jungle. The shift toward embedding insurance products alongside other products poses an immediate threat to incumbent insurers stuck using legacy channels, says GlobalData, a leading intelligence and productivity platform.
Ajith Nair, Chief Investment Officer of Isio Investment Management, comments ahead of Jackson Hole: “The 2026 Jackson Hole Economic Policy Symposium is likely to be less about immediate policy decisions and more about understanding the longer-term direction of monetary policy, central bank thinking and the implications for investors.
Richard Hunter, Head of Markets at interactive investor, commented “Nvidia was the centre of attention as US markets drove higher, with its positive ripples spreading across the entire technology pond.
Government must balance member protection and practical usability as consultation closes for DB surplus flexibility reforms. The consultation on DB surplus extraction closes on 2 September. Policymakers urged to avoid ‘pitfalls’ that could erode long term planning and member protections.
TPT Retirement Solutions (TPT), one of the UK’s leading workplace pension providers, has submitted its response to the Department for Work and Pensions’ (DWP) consultation on Surplus Flexibilities for Defined Benefit (DB) Pension Schemes.
All growth-phase strategies delivered positive returns in Q2 following a volatile start to 2026. Dispersion in returns continues to highlight the importance of strategic default design. At-retirement outcomes demonstrate the role of diversification alongside equity exposure
As AI moves from software into the physical world, risk evolves. Physical AI introduces new questions around liability, governance and insurability for organizations and insurers. For the past two years, most discussion around AI has focused on software. However, the next wave of AI will move beyond the screen and into the physical world. From early warehouse deployments to emerging eldercare applications and autonomous systems operating in public spaces, the scope of physical AI is expanding rapidly fundamentally changing both opportunity and risk.
As the FCA finds young investors increasingly turning to AI, Standard Life research shows 29% of 18-34s have used it for pension and retirement information
FTSE 100 looks set to lose some momentum as investors weigh sticky US inflation, elevated interest rates and mounting government debt ahead of the Jackson Hole gathering. Oil prices are cooling off with Brent back around $87 a barrel as hopes of an Iran-Oman framework ease fears over prolonged disruption through the Strait of Hormuz. Nvidia powers the AI trade back into focus, smashing expectations with quarterly revenue of $96bn and forecasting $108bn for the next quarter and strong demand stretching into 2028.Wall Street set to lift in early trade, as Nvidia's bumper results help offset stubborn inflation concerns, although questions are likely to resurface about whether the AI boom can justify its colossal investment.