Employee contributions into private sector Defined Contribution (DC) occupational pension schemes reached £3.2 billion in the first quarter of 2026, according to the latest ONS funded occupational pension schemes data.
FTSE 100 starts October on the back foot as rising oil prices and inflation fears fuel expectations of higher UK borrowing costs, with the bond market also flashing warning lights. House prices fell 0.2% in September, according to Nationwide, as higher mortgage rates and Middle East uncertainty weigh on buyers. Brent crude edges closer to $100 a barrel, with flows through the Strait of Hormuz recovering but insurance and geopolitical risks still elevated. Bank of England warns of growing financial risks from the AI boom, with AI-related debt issuance reaching around $450bn in the year to September.
If your organization relies on exposure maps and off-the-shelf natural catastrophe (nat cat) models to assess its risks and potential losses, you could be risking inefficient risk management, over or underinsurance, as well as poorly aligned coverage. While traditional exposure mapping shows whether your assets sit in a flood zone or earthquake region, it doesn’t tell you how an asset would behave during an event. How might the design and construction of buildings and equipment shape your likely losses?
Strategic decisions are becoming harder to execute because the conditions required to deliver them are changing at the same time, according to the latest research by Willis, a WTW business (NASDAQ: WTW).
Iain McLellan, Director at Isio: “The State Pension triple lock has long been the elephant in the room. While it has played an important role in protecting pensioners’ incomes, most economists and actuaries recognise that maintaining it indefinitely raises difficult questions about affordability and intergenerational fairness.
The bulk annuity market saw a significant number of deals transacted in the first half of 2026. However, as is typical in the first half of the year, total volumes are expected to be significantly higher in the second half.
Oil supply concerns ease as Middle East flows recover towards pre-war levels, helping lift sentiment across financial markets, with the FTSE 100 opening higher. Energy pain is far from over, with diesel supplies still squeezed and UK household energy bills forecast to jump by around 16% in January. Business confidence takes a hit, with the Lloyds Business Barometer falling 12 points to 41% in September, its lowest level since April 2025. Greggs cuts costs while expanding, proposing four factory closures and around 740 job losses while maintaining plans for 100–110 net new shops this year
PensionBee, Aegon and Hymans Robertson comment on Prime Minister Andy Burnham speaking at the Labour Party Conference in Liverpool, confirming the State Pension Triple Lock will end after the current Parliament. From April 2030, the State Pension will rise in line with either prices or 2.5%, with the savings used to help fund a new National Care Service. Burnham also pledged that the State Pension would retain its value relative to earnings over the longer term and that those on the lowest incomes would not be dragged into paying tax as a result.
For many Local Government Pension Scheme (LGPS) funds in England and Wales, the McCloud rectification will be nearing completion or indeed now completed. However, the need to revisit historic cases is far from over. As attention turns to survivor benefits equalisation following the Access and Fairness changes, further rectification work will still be required. With funds now getting to grips with the scope and complexity of rectification exercises, we examine five challenges that may be flying under the radar.
The annual exemption is often forgotten – as are some other ways to mitigate CGT. The UK’s investors have eyed the last few Budgets nervously as recent Chancellors have promised not to raise the rates of income tax, NIC and VAT and so have tended to look towards taxes on capital and wealth to raise revenues.
Over four in five employers say the Keep Britain Working Review to tackle economic inactivity has influenced their approach to supporting employees with health conditions or disabilities. Nearly nine in ten employers (87%) agree they have a responsibility to support employees with a health condition to remain in work rather than waiting until they need to take long-term sickness absence. Employer recognition of their role in supporting returns to work has increased from 82% to 87% since 2024. Demand for Government guidance on accessing support services has grown from 45% to 50%
One in six (16%) people with a private pension who have experienced a major life event increased their pension contributions as a result. Becoming self-employed is the strongest positive trigger, with 18% increasing contributions, followed by having children (11%). However, life moments can also put pension saving under pressure, with 37% reducing, pausing or stopping contributions, rising to 45% following a career break, 33% after becoming self-employed, and 21% after having children. Furthermore, almost one in five (19%) say they only review their pension following a major life event or financial change
Gallagher’s Benefits & HR Consulting Division Strengthens UK Executive Leadership Team with Two New Appointments. Kate Hulme-Vickerstaff is appointed as Chief Operating Officer to drive operational effectiveness, business transformation and integration. Mark Rowlinson is appointed as Head of IT (Platforms) to lead platform strategy and responsible AI adoption. The appointments demonstrate Gallagher’s commitment to developing and elevating leadership talent from within the organisation
Burnham puts energy security and costs centre stage as the Labour conference opens against a backdrop of surging energy prices and concerns about the impact on businesses and households. Markets remain jittery as fears over fuel supplies threaten to reignite inflationary pressures, with Brent Crude back above $106 a barrel. Diesel stress is intensifying, with the UK heavily reliant on imports and a potential US export ban threatening to tighten supplies further.
With one month to go until the Budget, Chancellor John Healey is promising a “new confidence in Britain” and a “new age of industrialisation” putting growth at the heart of his economic message. But for households, confidence starts with knowing where they stand. PensionBee research found 57% of savers aren’t confident the government will protect their pension savings in this Budget – underlining the challenge for a Chancellor aiming to get Britain investing and growing.
Almost half of pension pots accessed for first time in 2025-26 were fully encashedMore than 300,000 people aged 55-64 completely emptied their pension pot70% of those cashing in their full pension pot did so without taking financial advice
We are pleased to announce that the nominations for the Actuarial Post Awards 2026 are now open! This will be the 14th year of running the awards and each year they become more popular with ever increasing numbers nominated and voted upon. This year we welcome back our sponsor, Pension Insurance Corporation plc (PIC), a specialist insurer of defined benefit pension funds, for sponsoring Actuary of the Year 2026, alongside our long- term sponsor partners Bolton Associates, sponsoring GI Actuary of the Year 2026 and Star Actuarial Futures for sponsoring Sustainability Actuary of the Year 2026, and a new category of AI Actuary of the Year 2026
In a recent industry poll, only 1% of respondents said that member benefit security was the only factor relevant to scheme strategy decisions, reflecting the new world of DB surplus strategy. The upcoming changes to surplus regulations mean this is going to be a focus area for most of our industry over the coming months and years.
The Society of Pension Professionals (SPP) is calling on HMRC to provide greater clarity and stronger transitional protections ahead of the increase in the Normal Minimum Pension Age (NMPA) from 55 to 57 in April 2028.
Income investing has traditionally been associated with a narrow range of assets, but is that approach still fit for purpose? Sophie Tennison is joined by Ben Johnson and Chris Thompson to discuss why investors should focus on delivering resilient income rather than simply maximising today's cashflows, and how a Total Portfolio Approach can help achieve better long-term outcomes. They also explore the practical steps trustees can take to build more diversified, adaptable and objective-driven. To find out how you can rethink income investing, read our recent article.
Confidence that pensions will provide enough to live comfortably in retirement remains low, while an increasing number of savers say they do not know whether they are on track, according to Trafalgar House’s 2026 Trust & Confidence Survey.
The FCA’s Retirement Income Market Data published this morning finds that the total value withdrawn from pension pots increased by 22% to £91.2 billion in the year ending 31 March 2026, up from £75.0 billion in the previous year.
Oil prices surge back above $107 as hopes of a breakthrough in US-Iran talks fade, raising fears of renewed inflationary pressure. The Middle East crisis is making the UK Chancellor’s job even harder, with higher energy costs threatening to keep inflation elevated and squeeze household finances. John Healey is making a speech at the Labour Party conference and faces a difficult balancing act between increased spending pressures, including defence and the need to reassure bond markets that the UK’s public finances remain under control. Military spending is back in focus, especially given the suspected terror plot and arrests at RAF Fairford. Bond investors remain on alert, with 10-year gilt yields above 5.3%.