Aviva has completed a £180 million bulk purchase annuity buy-in with the Trustee of the Aston Martin Lagonda Pension Scheme, securing the benefits of around 540 pensioners and 1,050 deferred members. The Scheme is sponsored by Aston Martin, the luxury high-performance car manufacturer.
Hughes Price Walker has said trustees should view Defined Benefit (DB) pension surpluses as strategic assets, rather than simply opportunities for surplus release, with decisions balancing member security, employer objectives and long-term scheme resilience.
As firms increasingly rely on common third party service providers, delivering operational resilience is no longer just about your own individual organisation. It's about strengthening resilience across the wider network that supports the UK financial system. Think of the last time you made a payment, transferred money, used a banking app or logged on to online financial services. Did you give much thought to the infrastructure that makes those essential everyday transactions possible?
Britain is becoming a nation of centenarians, yet many people are still planning on funding retirement as though they will live for little more than two decades after stopping work, PensionBee has warned.
Current system reduces or removes Housing Benefit entitlement for 330k otherwise eligible pensioners with private pension income, at an average £50 weekly reduction. Housing Benefit spending may increase by £3.4bn by 2044 reflecting a 14% fall in home ownership rates.
The UK DC pension market is entering a new phase with the focus moving from participation to outcomes, with pension adequacy remaining a major concern, according to Hymans Robertson’s latest paper: UK DC pensions in 2026: from participation to outcomes.
Middle East tensions reignite as hopes of diplomatic breakthrough fade. Oil prices edge higher, reviving concerns about inflation and interest rates. FTSE 100 stays resilient, with energy stocks gaining ground. AI sell-off deepens as investors reassess chip valuations and competition. Fed meeting in focus with markets watching for September rate hike signals. Greggs profits rise 20% as value offering continues to tempt cash-conscious consumers.
The Pension Protection Fund (PPF) has today launched a consultation on proposed changes to the assumptions used for valuations under sections 143 and 179 of the Pensions Act 2004.
As the government changes how salary sacrifice for pension contributions works, the Society of Pension Professionals (SPP) held an industry webinar on the topic attended by over 250 pension professionals. From April 2029, the amount that is exempt from National Insurance contributions (NICs) will be restricted to just £2,000 a year for employee contributions made via salary sacrifice.
The Pensions Regulator (TPR) has warned participating employers in the Plumbing & Mechanical Services (UK) Industry Pension Scheme that they face regulatory action if they seek to walk away from their pension liabilities leaving other employers to foot the bill.
Oxford Street is set to go traffic-free before the end of September, ending years of debate over the future of one of London's busiest shopping streets. While nearly two-thirds (63%) of Londoners support pedestrianising the road, according to YouGov, the changes will also mean thousands of drivers need to rethink their regular routes.
Aviva has appointed Mike Ambery as Director of Policy within its UK Wealth business. Mike will join Aviva in September, reporting to Michele Golunska, Managing Director of Wealth - which is part of Aviva’s wider Insurance, Wealth & Retirement (IWR) business. He will work closely with Aviva colleagues and industry and government bodies to help shape and implement wealth policy.
Rathbones has warned that without reform of Scotland’s income tax regime, higher and more complex taxes will drive out high earners. Higher rates of top income tax in Scotland are driving high earners to consider commuting to well paid jobs from England, according to Rathbones Group, the largest wealth management firm in both the UK and Scotland.
With 75% of member records now connected to pensions dashboards, and the 31 October 2026 deadline approaching fast, real progress has been made. It's important to remember that connection is only the beginning of the journey. Schemes must also find members, return accurate pension values, and embed dashboards into business-as-usual operations before public launch. Whether you're already connected or still working towards the deadline, this one-hour webinar, including Q&A, is for you. Connection is just the start. Are you ready for what's next?
When things change, your insurance should too. From prime property, classic cars and collectibles, fine art and watches, how can you close your insurance gaps for high-value assets? An inheritance, significant purchase, a house move, or a growing watch, car or jewellery collection can all change the value and complexity of what you own. Yet some people persevere with standard policies that may no longer reflect their circumstances.
New data from PensionBee shows that the overwhelming majority of self-employed pension savers are contributing to their retirement sporadically - with 87% making fewer than six one-off payments in a year, less than one every two months on average.
AI-powered market enthusiasm is being tested as chip stocks slide amid concerns over competition, valuations and the next phase of the AI infrastructure boom. The FTSE 100 is proving more resilient thanks to its lack of heavyweight technology exposure.
On 16 July the Secretary of State for Housing, Communities and Local Government announced further decisions on Local Government Reorganisation (LGR). He also issued decision letters to the relevant Councils. Two areas (West Sussex and Cambridgeshire/Peterborough) are still waiting for a decision as the government is taking further time to consider responses to the additional consultations. But most areas in England now know how they will be structured when the changes for their area come into force.
As wildfires continue to spread across France and Spain, the ABI is urging holidaymakers to play close attention to local advice and updates from the Foreign, Commonwealth and Development Office (FCDO), and check their travel insurance policies.
£247 million in Inheritance Tax (IHT) recovered by HMRC in 2024/2025 aloneAmount collected from investigations falls by £38mIHT threshold frozen at £325,000 since 2009, will remain unchanged until at least 2031
New research from HL shows that nearly a quarter of people said they would gift their pension tax-free cash to loved ones to reduce their inheritance tax liability. Just over a fifth said they would draw an income from their pension and use allowances to gift to loved ones. The same number said they would use different assets such as ISAs to gift to loved ones to reduce the value of their estate. But a fifth said they would spend assets other than their pension to reduce the value of their estate. More than a quarter said they would access financial advice before deciding.
Cartwright Pension Trusts, the pension specialist for defined benefit and hybrid schemes, today urged trustees to look beyond transaction day, warning that completing a buy-in is only one stage of delivering a successful end-game strategy.
Footsie on front foot in early trade as hopes grow that Iran talks could resume, pushing oil prices lower and easing fears of a prolonged energy shock. AstraZeneca shares rise after stronger-than-expected second quarter results. UK borrowing costs retreat slightly, but investors remain cautious as the Burnham administration faces major spending challenges. Wildfires sweeping through France and Spain threaten tourism, agriculture and public finances, while accelerating the case for climate resilience investment. Shein’s profit slump highlights growing pressure on ultra-low-cost fashion models as governments tighten rules on low-value imports.
Mapfre S.A. ("Mapfre") today announced that Mapfre U.S.A. Corporation (“Mapfre USA”) has entered into a definitive agreement to acquire Safety Insurance Group, Inc. ("Safety"), a leading property and casualty insurer with a leading position in Massachusetts and a presence in a number of states throughout the Northeast.
Chris Knight outlines our expectations for firms on vertically integrated insurance. Having just joined as the FCA’s new insurance director, it’s been great getting to know the team and see the variety of work they’re doing – whether that’s working with the industry to improve claims experiences for customers, consulting on simplifying our rules or supporting growth with a new regime for captive insurers.