The Government has today published its Guided Retirement proposals which include plans to bring back pensions that pay an income, often inflation protected, for the entirety of retirement without the need for complex financial decisions. It is also publishing its response to the policy consultation on Retirement Collective Pension Schemes (RCPS), alongside draft regulations to enable providers to offer them as a default pension, which aims to pool risk to deliver stability and growth and providing a fully managed pension people can rely on for life.
The LexisNexis® Insurance Demand Meter U.K. for H1 2026 shows that an average of 403,000 consumers shopped for motor insurance policies each day in the first half of 2026 — about 31,000 more per day than in the first half of 2025. Despite this record level of shopping activity, the proportion of policyholders who switched provider remained at around 22%, broadly in line with 2025.
Hymans Robertson, SPP and Torsten Bell comment on the news from DWP today ‘New plans “resurrect” genuine pensions for millions of private sector workers’,
Almost half (45%) say immediate financial pressures are preventing younger workers from prioritising long-term saving. More than a third (37%) believe younger employees increasingly see a comfortable retirement as unrealistic, while 36% say they are less engaged with pensions than previous generations. More than a third (36%) say the pensions industry has not adapted quickly enough to changing workforce expectations. A third (33%) believe better financial education from a younger age could have the greatest impact on future retirement outcomes
Fresh strikes on Iran as the US mid-term elections kick off, with Trump doubling down on his foreign policy despite deep apprehension across Middle America. Oil edges higher, with Brent back above $106 a barrel, although hopes of a diplomatic breakthrough appear to be limiting gains. AI spending concerns continue to weigh on tech sentiment, with investors questioning whether the eye-watering sums being poured into infrastructure will deliver sufficient returns. Apple appears more insulated from the tech sell-off but shares were muted following its latest results showing strong iPhone sales but weaker iPad demand. China moves to calm market jitters.
Following the cyber incident involving ASOS, insurance experts Everywhen are warning that compromised customer communications can create consequences extending far beyond IT systems.
2026 has been a record-breaking year for superfunds – with Clara completing four deals this year to date, and with the TPT Superfund announcing it has now passed TPR's assessment process, with another potential superfund provider known to currently be in assessment. There is building momentum in the superfund market, and with a total of thirteen schemes now having transferred to Clara, eight of which were advised by LCP. Six of these schemes were in respect of the recent Marelli transfer, but each scheme had its own considerations.
Legal and General Assurance Society Limited (“L&G”) today announces the completion of a c.£240 million full buy-in with the Trustee of the United Glass Pension Plan (“the Plan”), securing the benefits of 1,700 members.
Investors are bracing for more turbulence as the tech sell-off, mounting questions over AI spending and the US midterms collide. Oil prices have retreated amid renewed diplomatic efforts over Iran, but the threat of further military action is keeping markets on edge. This week's results from Apple, Palantir, AMD and Qualcomm will provide another test of whether eye-watering AI investment is translating into returns. Inflation concerns are keeping central banks preoccupied, with the Bank of England facing a difficult decision as energy costs threaten to become embedded in the economy. Democrats are increasingly tipped to take control of Congress, raising questions over how much of Trump's agenda could be derailed – and how he might respond.
Why the adjusted triple lock can strengthen confidence in the State Pension. The State Pension triple lock currently increases the basic and new State Pension each year by the highest of inflation, earnings growth or 2.5%. The Government intends to change this from 2029/30. In brief. The adjusted triple lock is a welcome evolution. It keeps annual protection against inflation and the 2.5% floor, while linking the State Pension back to earnings over time.
Aon has published its Global Catastrophe Recap: Third Quarter of 2026 report, which found that global insured losses from natural disasters reached an estimated $91 billion during the first nine months of 2026. The total was slightly above the 21st-century average of $88 billion, but was the lowest for the period since 2019 and remained well below the $135 billion average of the past five years.
Raymond James and Schroders comment as The European Central Bank (ECB) did as expected at the conclusion of its rate-setting Governing Council meeting, keeping all regional rates unchanged including the policy (deposit) rate at 2.50%.
Commenting on the Autumn Budget and The Data Centre Covenant, Simon Jones, Head of Responsible Investment, Hymans Robertson says: “Yesterday’s budget suggests that the Government’s long-term commitment to the energy transition remains intact, but that its immediate priorities have shifted towards affordability, delivery and mobilising private capital.
Responding to the current government consultation on small DC pension pot consolidation, the Society of Pension Professionals (SPP) has called on the Government to strengthen its proposals, warning that effective implementation will depend on robust safeguards, reliable data and consolidators’ ability to deliver good outcomes for members.
John Healey failed to reverse complicated and messy changes to IHT on pensions. He decided not to raise the personal allowance for income tax, aside from a workaround for state pensioners. He missed a vital chance to simplify ISAs. He chose not to commit to a pensions tax lock. No change to the repayment threshold for student loans
The Pensions Regulator (TPR) has published new guidance encouraging trustees of pension schemes to explore how artificial intelligence (AI) could deliver better member outcomes while understanding and managing risks.
Nearly a third (30%) of UK adults aged 50 and over feel annuities are too difficult to understand, with women more likely to feel unsure than men. 17% mistakenly believe annuity funds cannot be passed on after death. One in five (20%) incorrectly believe annuities are only available once they have fully stopped working. L&G has launched a new ‘Annuity Myth Busters’ to address common misconceptions around annuities and how they work
With the long awaited deadline for connecting to the MoneyHelper Pensions Dashboard now imminent, in the below comment, Lumera discusses what schemes must do next to ensure they are ready for public launch and can deliver a seamless experience for members.
Rob Morgan, Chief Investment Analyst at Charles Stanley Direct, part of Raymond James: The Budget was a quieter affair from a personal finance perspective relative to recent years. There were measures to assist first-time buyers, a targeted package to help with the cost-of -living and a few tweaks to taxes and allowances.
It's the your last chance to vote for our nominees in this years Stars of the Future as we close voting tonight The nominees are waiting for your votes. You can now vote for someone for Stars of the Future 2026, sponsored by Star Actuarial Futures. It’s vital to remember that we all started somewhere and becoming an actuary is no easy feat. We relish acknowledging the emerging talent within the actuarial market and celebrate the ones to watch with our Stars of the Future Awards. All of the finalists are celebrated and highlighted with three lucky winners taking home an award.
The Autumn Budget risks undermining the Government’s ambition to help British entrepreneurs start, scale and stay in business, sending mixed messages with changes to the tax framework, PensionBee has warned.
Patrick Thomson, head of research analysis and policy at Standard Life Centre for the Future of Retirement comments: “Confirmation in the budget documents that the State Pension will increase by 3.9% next April will be welcome news for millions of pensioners, but it also means the full new State Pension will rise to £13,036.40, overtaking the frozen £12,570 Personal Allowance.
As part of the Budget 2026, the government has announced that it will introduce legislation in a future Finance Bill to support the consolidation of Defined Contribution. This will also include the introduction of Guided Retirement and Retirement-only Collective DC (RCDC) schemes. The details can be found in the link below.