Responding to the Work and Pensions Select Committee’s inquiry into pensions adequacy, the Society of Pension Professionals (SPP) has set out a series of practical recommendations to help shape the future of workplace pension saving. Posted on Friday Nov 13
ABI, Aegon, Broadstone and PensionBee comment on FCA plans to exempt performance fees from the charge cap for workplace default pension schemes. Posted on Thursday Nov 12
Workplace pension providers could have greater flexibility to invest for the long term under proposals from the FCA, helping them deliver better outcomes for savers while ensuring savers' interests remain protected. The FCA is consulting on excluding certain performance-linked fees from the charge cap for default funds in workplace pensions it regulates. Posted on Thursday Nov 12
Only a third of UK adults (33%) feel the pension system works well for people like them – falling to 24% for lower earners, 24% for the self-employed, and 28% for women. Two fifths (42%) of people expect their standard of living to worsen in retirement and two thirds (63%) worry they are not saving enough. The Pensions Commission has a significant opportunity to make recommendations for a more adequate, fair and sustainable system. Lower earners could be £30,000 better off in retirement if pension contributions were calculated from the first pound earned Posted on Thursday Nov 12
With-profits funds delivered an average return of 9.6% in 2025, up from 5.6% in 2024 – beating high street fixed saving rates. UK equities led returns at 21.8%, boosting with-profits performance. Howden’s analysis covers approximately £171bn of assets, spread over 93 with-profits funds from 19 insurers. Posted on Thursday Nov 12
Helen Forrest Hall, Chief Strategy Officer at the Pensions Management Institute (PMI), has welcomed new research from the PPI which examines the changing pensions administration market, exploring how consolidation, technological developments and increasing reliance on shared systems and suppliers are creating both opportunities and risks. Posted on Wednesday Nov 11
The DWP published its response into the consultation on trustees, governance and administration in trust-based pension schemes yesterday afternoon. It outlined plans to strengthen governance of trust-based pension schemes by improving trustee skills, tackling conflicts of interest, increasing regulatory oversight of master trusts and introducing minimum standards for pension administrators. Posted on Wednesday Nov 11
Sacker is urging pension scheme trustees to start preparing now for significant changes to the inheritance tax treatment of pensions. A poll conducted during a recent Sackers webinar on the new regime, highlighted areas of continuing uncertainty and the practical challenges schemes will need to address. Posted on Tuesday Nov 10
Women’s projected median retirement income rises to £14,500 as the gender gap narrows to £3,800 Despite improvements, 65% of women remain on track for a minimum retirement standard or worse Scottish Widows calls for reforms to auto-enrolment, pension protection in divorce settlements and better support for women through key life events Posted on Tuesday Nov 10
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 Nov 10
Local Government Pension Scheme (LGPS) funds and pools are increasingly moving their attention from reform to implementation under the new Fit for the Future initiative, according to the 2026 annual LGPS Survey, published by Schroders in collaboration with Room151. Posted on Wednesday Nov 4
Small pension schemes have less developed arrangements to spot and manage risks to members' savings, according to new research by The Pensions Regulator (TPR). The latest report from the regulator found only 27% of small defined contribution (DC) pension schemes have formal governance arrangements in place compared with 94% of large DC schemes and 89% of master trusts. Posted on Wednesday Nov 4
The Pensions Policy Institute (PPI), the UK's leading independent authority on pensions and retirement policy, has today published its annual update to the UK Pensions Framework, with new modelling showing a fifth (20%) of the UK working population face retirement adequacy risks despite relatively high earnings. Posted on Wednesday Nov 4
New polling from the Society of Pension Professionals (SPP) highlights industry expectations for the future of retirement solutions and priorities for delivering better member outcomes, following its ‘Death of the DC Flight Path’ event this week. Posted on Wednesday Nov 4
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. Posted on Tuesday Nov 3
Hymans Robertson, Legal and General, Standard Life and the PMI comment on the Guided retirement: policy consultation launched by DWP Posted on Tuesday Nov 3
Hymans Robertson, SPP and Torsten Bell comment on the news from DWP today ‘New plans “resurrect” genuine pensions for millions of private sector workers’, Posted on Tuesday Nov 3
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 Posted on Tuesday Nov 3
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
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
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
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
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
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
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