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Triple lock reform: A stronger lock needs a clearer key

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.
Posted in: Articles
Posted on: Friday Oct 30

Responses to TPRs AI guidance

SPP, Aon and Sackers respond to The Pensions Regulator's AI Guidance
Posted on: Friday Oct 30

$91 Billion Global Insured Catastrophe Losses by End Q3 2026

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.
Posted on: Friday Oct 30

No Trick and No Treat as The ECB plays it cool

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%.
Posted on: Thursday Oct 29

Budget 2026 and the Data Centre Covenant

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.
Posted on: Thursday Oct 29

Small Pots stronger safeguards

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.
Posted on: Thursday Oct 29

Five missed opportunities in Budget 2026

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
Posted on: Thursday Oct 29

TPR urges schemes to embrace AI opportunities responsibly

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.
Posted on: Thursday Oct 29

The Top Annuity Myths Busted

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
Posted on: Thursday Oct 29

Dashboard connection deadline imminent next phase vital

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.
Posted on: Thursday Oct 29

Budget 2026 what does it mean for personal finances

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.
Posted on: Thursday Oct 29

Final Day for Voting for Stars of the Future 2026

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.
Posted in: Articles
Posted on: Thursday Oct 29

Budget is one step forward two steps back for entrepreneurs

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.
Posted on: Thursday Oct 29

New Pensions Tax Allowance as State Pension rise confirmed

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.
Posted on: Wednesday Oct 28

Budget 2026 reveals future legislation for DC consolidation

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.
Posted on: Wednesday Oct 28

Budget 2026 leaves health cover taxed like car insurance

The Chancellor left Insurance Premium Tax at 12%, so health cash plans and private health insurance are still taxed at the same rate as car insurance. Employer-funded benefits also carry income tax for the employee and National Insurance for the employer. And with the National Living Wage rising 3.9% next April, employers are making hard choices about where their money goes.
Posted in: Life - Articles
Posted on: Wednesday Oct 28

Budget 2026 gives improved pension access to terminally ill

Jenny Holt, Product Director at Standard Life, said: “This is a welcome and compassionate change which should make it easier for people facing terminal illness to access their own pension savings when they need them most.
Posted on: Wednesday Oct 28

OBR substantially ups CGT predictions alongside Budget 2026

The updated fiscal outlook released by the OBR forecasts a significant increase in Capital Gains Tax (CGT) receipts over the coming years, with the tax expected to raise £41.3 billion in 2031/32, up from £26 billion in 2026/27.
Posted on: Wednesday Oct 28

OBR IPT forecast downgraded slightly alongside Budget 2026

The OBR’s projections released today alongside the Autumn Budget forecast that Insurance Premium Tax (IPT) will now raise £57.6 billion between 2025/26 and 2030/31, marking a slight £0.20 billion downgrade from estimates made following the Spring Statement in March (£57.8 billion), which registered a £0.5 billion upgrade from the Autumn Budget 2025.
Posted in: Life - Articles
Posted on: Wednesday Oct 28

Investment and Markets in Budget 2026

Hymans Robertson and Schroders comment in response to today's UK Budget, on investment and markets
Posted on: Wednesday Oct 28

Pensions in the Budget 2026

Broadstone and Hymans Robertson comment as there was little substantial change to the pensions system announced in today’s Autumn Budget. The Chancellor confirmed changes to the Triple Lock previously announced by the Prime Minister and announced a new Pension Tax Allowance to shield pensioners with income up to the value of the full new State Pension from incurring income tax.
Posted on: Wednesday Oct 28

3.9% rise in Living Wage boosting pension contributions

Kate Smith, Head of Pensions at Aegon, comments on the 3.9% increase to the National Living Wage from £12.71 per hour to £13.20 an hour for over-21s effective April 2027:
Posted on: Wednesday Oct 28

Storm Fatigue or Sensible Scepticism

A new survey has revealed a divided response to the UK's autumn storm outlook, with one in three respondents believing media headlines overstate the threat. Everywhen, are warning that scepticism may be understandable, but businesses should not overlook the potential cost of weather-related disruption.
Posted on: Wednesday Oct 28

Can you have more than one life insurance policy?

Initially, having multiple life insurance policies sounds like a good idea, as having more protection is better; however, it is more complicated than this. L&G has outlined the number of policies a person can have as well as whether it is a good idea.
Posted in: Life - Articles
Posted on: Wednesday Oct 28

Chancellor to reverse cuts to Cash ISA tax-free allowance

The Financial Times is reporting that the Chancellor will today announce that he is abolishing the planned cuts in the Cash ISA tax-free allowance, reversing the planned reduction from £20,000 a year to £12,000.
Posted on: Wednesday Oct 28

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