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L&G and UBS (UK) Group Pension Plan complete £1.7bn buy-in

Largest announced UK pension risk transfer deal of 2026 secures pensions for more than 7,000 members. The Trustee of the UBS (UK) Group Pension Plan (the “Plan”) and Legal and General Assurance Society Limited (“L&G”) have completed a £1.7bn buy-in[1] covering the UBS Section of the Plan, securing the benefits of more than 7,000 members.
Posted on: Tuesday Oct 13

The cyber threat facing professional services

Professional services firms hold something cyber criminals want more than almost anything else: trusted access to other people's money, data and secrets. From solicitors transferring six-figure completion funds to engineers safeguarding decades of design IP, the sector's entire business model depends on being trusted with information that has real value the moment it falls into the wrong hands. That is exactly why it has become the UK's most heavily-targeted sector.
Posted in: Articles
Posted on: Tuesday Oct 13

Triple Lock shake up strengthens calls for AE reforms

A new independent report commissioned on behalf of People’s Pension shows how the proposed reform of the triple lock changes the context for the forthcoming final report of the second Pensions Commission and strengthens the case for higher minimum pension contributions. Under the changes due to come into effect from 2030, the State Pension would broadly track average earnings over time.
Posted on: Tuesday Oct 13

PPF publish latest PPF7800 figures for September 2026

This update provides the latest estimated funding position, based on adjusting the scheme valuation data supplied to The Pensions Regulator as part of the schemes’ annual scheme returns, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).
Posted on: Tuesday Oct 13

Equitable pension provisions fail closing gender pension gap

91% employers are concerned about the growing retirement adequacy challenge. 9 in 10 employers believe that their pension provisions are equitable. Results reveal that career breaks can account for up to 20% reduction in pension pots
Posted on: Tuesday Oct 13

September brings volatility and slight funding deterioration

The ‘growth focused’ scheme funding level finished September slightly lower, reducing from 94.2% funded to 94.0% funded over the month, but experienced a volatile month with funding fluctuating by 1.2 percentage points. Similarly, the ‘matching focused’ scheme funding fell back slightly more, by 0.6 percentage points from 89.8% at the end of August to 89.2% at the end of September. Funding was less volatile with the fluctuation over the month being lower at 0.7 percentage points
Posted on: Tuesday Oct 13

Budget: Known knowns, known unknowns and unknown unknowns

With the conflict in the Middle East fuelling a renewed cost-of-living squeeze, Chancellor John Healey faces a difficult balancing act when he delivers his first Autumn Budget on 28 October. New analysis from the Institute for Fiscal Studies (IFS) warns that the Government could need to find an additional £25 billion a year by 2030-31 to avoid real-terms cuts to public services, with spending pressures potentially reaching £35 billion if higher defence spending and other departmental costs are factored in.
Posted on: Monday Oct 12

Investing in pension schemes can pay dividends for employers

I recently had the pleasure of speaking to a group of employers about workplace pensions and the value they can deliver, both for employees and for businesses. What struck me was the range of reasons employers choose to invest in pension provision. Some see it as an important tool for attracting and retaining talented people. Others want to help employees achieve the retirement they aspire to. Some are focused on ensuring employees can afford to retire when they choose, creating opportunities for career progression and workforce planning.
Posted in: Articles
Posted on: Monday Oct 12

Could employers be the key to better pension engagement?

Millions are not saving enough for retirement and are disengaged from their pension, particularly among midlifers; two in five people aged 40–54 have not interacted with their pension in a year. Employers could close the gap; only 16% of employers currently provide guidance on preparing for retirement but new L&G research suggests they can have a huge impact
Posted on: Monday Oct 12

Lost Pensions 2026: Over 3 million pension pots remain lost

The Pensions Policy Institute (PPI), the UK's leading independent authority on pensions and retirement policy, has today published its Lost Pensions: The scale of the challenge survey results revealing over 3 million UK pension pots remain lost.
Posted on: Monday Oct 12

Oil dips slightly but Middle East crisis keeps prices high

Brent crude edges down to around $104 a barrel but remains more than 40% higher than before the conflict with Iran began. Houthi attacks on Saudi Arabia heighten concerns over regional stability and energy supplies, despite Trump's deal with Putin on Russian diesel exports. Wall Street looks set for a brisk start as earnings season gets underway, with big banks and mega-cap tech in focus. AI investment continues to support growth, but inflation, borrowing costs and government debt remain key concerns. UK bond markets will be watching closely ahead of Chancellor John Healey's crucial Autumn Budget.
Posted on: Monday Oct 12

148.8m working days lost to sickness absence

Insurance experts Everywhen are warning that many households could face an immediate income shock if illness or injury strikes and the monthly pay cheque abruptly ends. Research from the Financial Conduct Authority shows that one in ten UK adults has no cash savings to fall back on, while the latest figures from the Office for National Statistics reveal that 148.8 million working days were lost to sickness or injury in 2025.
Posted in: Life - Articles
Posted on: Friday Oct 9

Customer fairness is not a nice to have its your duty

While insurers understand their obligation to treat customers fairly, the harder question is how they demonstrate that they are doing so – particularly when it comes to pricing. Fairness isn't just about having the right policies and processes in place; insurers need the data, analytics and governance to evidence that customers are receiving good outcomes. Any financial services institution has to ensure it’s taking customers’ needs into consideration in accordance with the FCA’s Consumer Duty.
Posted in: Articles
Posted on: Friday Oct 9

Footsie flies higher as oil prices ease

The Footsie climbs in early trade as oil prices ease, offering some respite after a volatile week, although Brent still hovers around $103 a barrel. Fresh questions over OpenAI’s revenue outlook have unsettled AI investors, reigniting concerns about valuations and the vast spending needed to build the technology. Gold rises as the dollar weakens and oil prices ease, while resilient Chinese exports help give mining stocks a spring in their step. Airtel Money begins conditional dealings in London at 196p a share, valuing the business at £5.3 billion and offering a welcome boost to the UK’s IPO market.
Posted on: Friday Oct 9

The Future of Trusteeship: In Good Hands?

In this episode of the Pensions Perspectives Podcast, host Luna Fadayel is joined by David Walmsley of ?@ThePensionsRegulator?, Jenny Gibbons (Governance consulting lead at WTW) and Hazel Kendrick, co-author of WTW's In Good Hands survey, to explore how trusteeship is evolving across the UK pensions landscape.
Posted in: Articles
Posted on: Thursday Oct 8

3 numbers show human-in-the-loop cyber defence is outdated

How do you defend against AI attack speed? As cyberattacks become increasingly AI-driven, human-in-the-loop cyber defence is leaving organisations vulnerable. This article looks at the weaknesses of human-in-the-loop cyber defence against AI-enabled attacks, as well as the implications for cyber insurance. Waiting for human approval used to be prudent. Now it might be too little, too late. Nobody wants an algorithm accidentally pulling the plug on production. But against AI-enabled attacks, waiting for human approval becomes the greater risk.
Posted in: Articles
Posted on: Thursday Oct 8

Trustees must decide do I consolidate or go it alone?

Speaking at the Professional Pensions Trustee Senate earlier today, Nausicaa Delfas, Chief Executive of The Pensions Regulator, set out why, with a clear reform agenda ahead, now is the time for trustees to act and take the decisions that will deliver a sustainable income in retirement for millions.
Posted on: Thursday Oct 8

New rules to make long-term investment funds clearer

The Financial Conduct Authority (FCA) has set out clearer expectations for asset managers about long-term investments, such as property. This will help give the market more confidence to invest in funds that support private markets.
Posted on: Thursday Oct 8

Superfunds top the shortlist of DB Trustees endgame options

Superfunds have moved to the top of the endgame shortlist among DB trustees surveyed, with 57% currently considering consolidation into a superfund as an endgame option for their scheme. Superfunds were ranked as the most commonly considered endgame option in the survey, ahead of capital-backed journey plans, buyout, DB master trust consolidation and run-on. Trustees surveyed expect the superfund market to gather pace, with 95% believing transactions will become more common over the next two years
Posted on: Thursday Oct 8

Global M&A market hits new high as bigger deals dominate

M&A deal value increased 23.9% in the first nine months of the year, rising from US$1.33 billion to US$1.65 billion compared with the same period in 2025, according to completed deals data from WTW’s Quarterly Deal Performance Monitor (QDPM) (1)
Posted on: Thursday Oct 8

A new retirement reality

A generational shift in many pension systems is transferring responsibility for retirement income, inheritance planning and later-life care from institutions to individuals. The shift is creating opportunities for insurers, banks and advisers – and a race to reach people before retirement, when they are making critical decisions about how to manage their savings, generate income and protect their wealth. The race is already reshaping the life insurance market: just three private equity-backed US companies completed more than 300 acquisitions between 2017 and 2025. Financial firms are investing heavily in technology and AI, but people still want human interaction when making high-stakes decisions
Posted in: Life - Articles
Posted on: Thursday Oct 8

DC survey shows adequacy blind spot as VfM regime approaches

Aon has announced findings from its 2026 Defined Contribution Pension and Financial Wellbeing Survey – ‘Balancing the Value Equation’ suggest that many UK employers and trustees are entering a new era of pension regulation without a clear understanding of the retirement outcomes their pension arrangements are expected to deliver.
Posted on: Thursday Oct 8

SPP backs 3.25% GMP rate but says end routine consultations

The Society of Pension Professionals (SPP) has backed the Government’s proposed 3.25% fixed rate for Guaranteed Minimum Pension (GMP) revaluation from April 2027, while calling for an end to repeated consultations on what it describes as a routine, formulaic exercise.
Posted on: Thursday Oct 8

Conservatives vow £6.6bn IHT cut and may scrap it altogether

Kemi Badenoch has used her keynote speech at the Conservative Party Conference to announce her intention to exclude residential homes from inheritance tax (IHT), while also raising the nil-rate band to £1 million per couple
Posted on: Wednesday Oct 7

Stewardship reporting under the new LGPS regime

"If the pool is a Stewardship Code signatory, do funds still need to report?" The recent pooling reforms change how investment strategy is implemented, but they don’t remove the responsibilities and fiduciary duties that sit with partner funds. In fact, how partner funds demonstrate oversight of, and engagement with, their pool becomes increasingly important. This is one of several areas that a pool’s Stewardship Code report would not cover, so partner funds should demonstrate their efforts in their own reporting.
Posted in: Articles
Posted on: Wednesday Oct 7

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