There’s a big change coming to defined contribution pensions in April 2027, when the current inheritance tax exemptions fall away. The changes potentially see inheritance tax bills rise for beneficiaries other than a spouse or civil partner and more estates potentially being over inheritance tax thresholds. Each person’s situation is likely to be different and while there are some simple things that can be put in place, like taking out life cover to meet the potential inheritance tax bill, there may be opportunities to reduce IHT liability which can be highlighted by a regulated adviser.
Five-year review shows material rise in growth asset allocations across both accumulation and retirement phases. Retirement strategies increasingly aligned to drawdown behaviour, with reduced cash and broader credit exposure. Q4 market backdrop reinforces the benefits of diversified, growth-aware design
Aon have announced George Attard has been named global head of analytics for Reinsurance Solutions, in addition to his role as chief strategy officer for Reinsurance Solutions. The appointment reinforces the firm’s commitment to delivering differentiated value to insurer clients through the integration of analytics and strategy across its reinsurance business.
Selling pressure eases as oil prices slow their ascent. Market reaction suggests transitory narrative is the dominant one. Gold on track for weekly decline as inflation fears take over. Chip stocks could face new export rules
Discover four ways U.K. winter storms are changing, what’s driving the shift, and how re/insurers can respond. The winter of 2023/24 was one of the wettest on record for the U.K., bringing widespread flooding and disruption, contributing to record breaking weather-related insured losses according to the Association of British Insurers.[1] For many in the reinsurance industry, that season underscored just how vulnerable Europe is to prolonged periods of heavy rain.
More than 13 million members are now in DC schemes offering drawdown, new data reveals. Ahead of guided retirement duty, larger schemes are leading the way in supporting members at retirement. With over two fifths of DC schemes still offering no decumulation products, TPR urges smaller schemes to act or consolidate in savers’ interests
FTSE 100 opens down after mid-week bounce. UK earnings season reaches fever pitch. Endeavour profits boosted by strong prices in 2025Gold losses regains its lustre. US stock futures down. Oil prices up nearly 3% so far today
The Association of Professional Pension Trustees (APPT) has submitted its response to the Department for Work and Pensions (DWP) consultation on Trust-based pension schemes: Trustees and governance, building a stronger future.
Over a third (37%) of UK adults with a private pension who have experienced a major life event say they have reduced, paused or stopped pension contributions as a result. Career breaks (45%), redundancy (44%) and becoming self-employed (33%) are among the top life events that impact pension saving. The average time pension contributions are paused due to life events is two years. Yet 62% who are yet to retire believe they can still make up the difference
The defined benefit (DB) pensions landscape is undergoing transformation unlike anything seen in decades. Improved funding positions, legislative changes, and new consolidation options are reshaping the market - and trustees and employers need to respond.
Around 50% of companies see supply chain paralysis and a global internet outage as the two most plausible Black Swan scenarios in the next five years. Geopolitical noise around the globe masks risks from high-impact climate, health, and future technology risks. Different risk perceptions between multinational enterprises and small and medium-sized businesses. Almost 70% of UK respondents see a global internet outage as the most feared Black Swan event in the next five years.
Consolidating DC market puts more pressure on trustees to evolve rapidlyIn the DB market, Broadstone supports minimum standards for administration and encourages policymaking that supports both dominant end-game paths. Broadstone has responded to the Department for Work & Pensions’ (DWP) consultation on trustee and governance.
As artificial intelligence becomes embedded across UK organisations, its impact on workforce structures is already being felt. Research from Barnett Waddingham reveals a period of rapid adoption: 71% of employers have invested in AI or automation this year, and over half have already built or bought AI assistants for core functions. Yet alongside optimism about improved productivity and competitive advantage, the data signals a more complex challenge emerging – one that HR and reward leaders cannot afford to overlook.
Oil prices reached as high as $85 a barrel yesterday as trade halted through the Strait of Hormuz. Gold fell 4% as higher Treasury yields offered safe-haven seekers an alternative home. Europe felt the brunt of investor concern; the FTSE 100 fell 2.75% yesterday. US markets were granted late reprieve from President Donald Trump who pledged insurance guarantees and escorts for tankers using Hormuz. Asia markets opened down today, sceptical of Trump’s Hormuz promise and hurt by the stronger US dollar. But European futures markets including the FTSE 100 are more measured. UK’s Spring Statement was overshadowed by events in Middle East
It’s business as usual for pensions following the Spring Statement. Budget aftershocks continue to reshape retirement planning. Pension Schemes Bill and Commission set to define the year ahead
The updated fiscal outlook released by the OBR shows a significant increase in the estimated Capital Gains Tax take compared to the Autumn Budget 2025.
Emma Wall, Chief Investment Strategist, Hargreaves Lansdown: “The Chancellor was keen to stress the higher growth, lower inflation outlook for the UK in today’s Spring Statement.
Pensions UK is calling on the Government to withdraw the power that would allow it to direct how pension schemes invest UK workers’ retirement savings from the Pension Schemes Bill.
Events developing in the Middle East could have a significant global economic impact. What could this mean for investor portfolios? How are AJ Bell’s funds and MPS positioned in this context?
For years, the insurance industry heard the whispers of AI’s transformative power. 2025 was the year of the trial run. A flurry of experimentation with agents, document extraction tools, and predictive models. All tested in contained environments. It was a phase that delivered important learning, helping insurers understand how AI could integrate into and across their organisations. But it rarely translated into impact at enterprise scale. The game changes in 2026.
Seventeen months from the first edition of the Lloyd’s Market Association (LMA) commissioned report, Underwriting the Transition, the second edition, released today in collaboration again with KPMG, reveals a fundamental shift from last year’s transition assumptions.
The Association of Consulting Actuaries (ACA) has submitted a response to the Department for Work and Pensions (DWP) consultation on trusteeship and governance in trust-based pension schemes. The ACA says that the current system largely functions well, with the majority of large schemes operating effectively.
We arrive in March, somehow, where January lasts roughly 4 years and February less than a week. On the Investment front we have seen record highs on the FTSE and Tariffs going from one extreme to another with tech and AI at the forefront of huge financial gains and job losses through said AI. Our cover story is an interview with the PPF’s Chief Actuary, Shalin Bhagwan who says History may not repeat itself, but it certainly rhymes as he examines Defined Benefit pensions, risk sharing and the role of the PPF.