Applications to The Pensions Regulator for multi-employer Collective Defined Contribution (CDC) pension schemes open today, marking an important milestone in the development of CDC pensions and the next stage in their availability across the UK pensions market.
Commenting on the opening of CDC authorisation from TPR, Paul Waters, Head of DC Markets, Hymans Robertson, said: “The opening of the authorisation process for multi-employer whole of life CDC schemes is a major and welcome milestone.
Within a single week in July, France recorded its most devastating wildfire outbreak in at least half a century; Spain recorded the largest wildfire in its modern history. A fire in Portugal that briefly ranked as Europe’s largest of 2026 held that title for roughly three weeks. Significant fires are also burning in Greece and countries in the Balkans. Records are not simply being broken this season; they are being broken in succession.
More than half (51%) of advisers believe scale is an increasingly important differentiator between workplace pension providers; just 8% disagree. Only 11% believe smaller providers can compete effectively with larger schemes. However, a quarter (25%) say scale delivers operational advantages, but not necessarily better retirement outcomes. Just 9% believe increasing provider scale directly improves member outcomes
With a major incident in Suffolk declared following a wildfire which broke out on Dunwich Heath, and a number of additional active wildfires across the UK, the ABI shares advice for anyone affected.
Pension scams remain a significant concern for regulators, trustees and pension providers. As the Department for Work and Pensions (DWP) considers further safeguards around pension transfers, it is important that measures designed to protect consumers do not inadvertently restrict legitimate retirement planning opportunities. As one of the UK's longest-established SSAS providers, we welcome efforts to strengthen protections against pension scams and fraudulent transfers.
Insurers paid out a record £3.2 billion to support motor insurance customers in Q2 2026, according to the latest data from the ABI. This was 5% higher than the previous quarter, and 7% more than the same period last year.
HMRC have released its annual private pension statistics, revealing that pension withdrawals continue to rise, now exceeding £124.7 billion since flexibility changes were introduced in 2015.
In 2023/24 we paid a record £7.03 billion in inheritance tax. This is up £0.33 billion (5%) in a year – partly because of frozen tax thresholds and rising asset values. 4.72% of UK deaths led to an IHT bill – up 0.10 percentage points in a year. This is the highest level since the all-time peak of 5.96% in 2006-07. There were 30,400 IHT-paying estates – a decrease of 3.6% in a year.
Millions of Brits installed smart doorbells last year with a 5000% surge in searches for the security system compared to this time last year. But expert advice shows fancy tech could be doing more harm than good - if homeowners aren’t careful.
The latest HMRC data published this morning finds that the total value of taxable payments withdrawn flexibly from pensions since pension freedoms was introduced in 2015 has exceeded £124.7 billion
The FTSE 100 reached a new all-time high as its low technology weighting insulated it from the global semiconductor sell-off. Energy, mining, and banking heavyweights have turned higher oil prices, firm commodity markets and an elevated interest rate into relative strengths. Cheaper valuations and higher dividends are helping UK shares stand out as investors look to diversify away from concentrated technology exposure
Transaction secures the benefits of over 1,250 members. Third largest external BPA transaction completed by Royal London to date. Demonstrates continued strength in the mid-sized bulk annuity market
MS Amlin, the Lloyd's global (re)insurer, today announces the appointment of Laura Hobern as Chief Actuary. Laura will join in Q4 2026, subject to regulatory approval.
The Society of Pension Professionals (SPP) has launched a comprehensive practical framework to guide pension scheme trustees, advisers, and administrators through responsible AI leadership. The new guide addresses the operational realities of widespread artificial intelligence (AI) usage across the pensions industry.
Responding to the speech on social care from UK Prime Minister Andy Burnham, Tom Kenny, Chair of the Social Care Working Party at the Institute and Faculty of Actuaries, said:
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.