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PSIG relaunches with refreshed identity and future strategy

The Pension Scams Industry Group (PSIG), established in 2014 to help protect pension savers from fraud, deception and sharp practice, has today relaunched with a refreshed identity, updated mission statement and new digital presence.
Posted on Thursday Jul 16

Housing costs push revised RLS easy retirement further away

The recently updated ‘moderate’ Retirement Living Standard remains challenging for many on average earningsMost savers unlikely to achieve a ‘comfortable’ retirement without contributions above 20%Renters could struggle to meet even a minimum standard of living in retirement
Posted on Thursday Jul 16

Warning that simpler pension transfers plans may not work

The Society of Pension Professionals (SPP) has warned that crucial new government measures designed to protect savers from pension scams could be undermined by legislative loopholes and are therefore unlikely to work as intended in practice.
Posted on Thursday Jul 16

Possibility of the SPA rising to 68 earlier than planned

Standard Life Centre for the Future of Retirement comments on the possibility of the State Pension Age rising to 68 earlier than planned
Posted on Wednesday Jul 15

Growth in sole trustee market slows

The sole trustee market is continuing to grow, but at a markedly slower pace, says Hymans Robertson in its latest report on the professional corporate sole trustee market.
Posted on Wednesday Jul 15

State Pension Age income tax payers rise by over 1 million

Data released today by HMRC estimates that for 2023-24 there were 8.16 million Income Tax payers over the State Pension Age, an increase of over a million on the previous year (7.13 million for 2022-23). HMRC also projects that for 2026-27 there will nearly be a further 1.5 million Income Tax payers over State Pension Age with the number estimated to reach 9.58 million. The Personal Allowance Income Tax threshold has been frozen at £12,570 since April 2021, with the Chancellor recently extending this freeze until April 2031.
Posted on Wednesday Jul 15

15 million workers risk inadequate retirement incomes

The Association of Consulting Actuaries’ (ACA) Pensions Adequacy Working Group has submitted its report to the Pensions Commission, setting out a package of reforms aimed at improving sustainable retirement income for under-pensioned groups. The report notes that while automatic enrolment has significantly increased pension participation, adequacy remains a serious challenge, with around 15 million workers under-saving and particular risks for lower-paid workers, women with interrupted careers, carers, ethnic minority groups, the self-employed and people with disabilities.

Posted on Wednesday Jul 15

Industry needs consensus on sustainable pension policies

PMI’s Response to the Pensions Commission Interim Report calls for simplicity, stability and saver-focused reform. A range of improvements could be progressed immediately to address adequacy challenges. PMI offers to convene pension experts to provide practical operational insight into how future reforms can be successfully delivered.
Posted on Tuesday Jul 14

Industry comments on latest PPF7800 figures for June 2026

Broadstone and Gallagher comment as the aggregate surplus of the 4,838 schemes in the PPF 7800 Index improved slightly through June 2026, increasing by £0.2 billion to reach £264.0 billion in surplus with a small decrease to the funding ratio which dropped by 0.1 percentage points to 131.1%. The number of schemes in surplus also registered a slight downturn dropping by 6, from 3,826 to 3,820 representing nearly four in five (79.0%) of all schemes in the universe.
Posted on Tuesday Jul 14

PPF publish latest PPF7800 Index figures for June 2026

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 Jul 14

Women and younger savers face ongoing barriers to pensions

Women and younger savers continue to face challenges when it comes to pensions, according to the third release from Trafalgar House’s 2026 Trust & Confidence Survey. Women remain significantly less confident in the pensions industry than men, while younger savers continue to be the least engaged with their retirement planning.
Posted on Tuesday Jul 14

Comment on DWP pension decumulation report

Broadstone comment on The DWP report on findings from qualitative interviews with individuals aged 53 to 67 exploring how they understand, approach and make decisions about DC pension decumulation.
Posted on Monday Jul 13

State Pension Triple Lock at a crossroads

As the UK prepares to welcome its second Prime Minister within a single Parliament, one commitment has survived the upheaval largely unchallenged: the state pension Triple Lock. Incoming leader Andy Burnham has already reaffirmed this saying “the commitment in the manifesto stands” bringing him into line with the outgoing Labour Prime Minister, the Conservatives and Reform UK, all of whom have pledged to preserve the mechanism that has driven the state pension up by more than 80% since 2011 until the end of the current Parliament.
Posted on Monday Jul 13

Comments on updated DWP roadmap

Aegon and the ACA comments on the Department for Work and Pensions’ roadmap of reforms for DB and DC workplace pensions:
Posted on Monday Jul 13

52% are unaware pension contributions reduce taxable income

More than half (52%) of people do not realise that paying into a pension can reduce their taxable income. Many parents will face an average £179 per week holiday childcare bill this summer, but parents earning over £100,000 per year can lose access to the Government’s free hours of childcare. Additional pension contributions may help some higher-earning parents manage key tax thresholds and retain their eligibility for childcare support, while continuing to build their retirement savings.
Posted on Monday Jul 13

ABI sets out recommendations to improve retirement adequacy

The ABI has urged the Pensions Commission to set out a clear roadmap for gradually increasing automatic enrolment pension contributions from 8% to 12% by the end of the 2030s. Given the financial pressures facing households, workers and employers, the trade body says a carefully phased approach will be needed to build better retirement outcomes and give businesses and savers time to plan and adjust.
Posted on Monday Jul 13

PPF Annual Report 2025/26 shows delivery progress

Paid £1.2bn in PPF compensation; high member satisfaction levels (97.4%) maintained. Supporting victims of fraud by paying out over £100m to over 2,700 pension fraud victims. Financial resilience maintained; growth portfolio delivered 7.1 per cent investment return, outperforming target. Pension Schemes Act 2026 enables the PPF to increase payments to our members and reduces costs on industry. Progressed work to pay increases going forward to eligible members on service accrued before 1997, starting from January 2027Confirmed zero conventional PPF levy for 2025/26 and 2026/27
Posted on Thursday Jul 9

A pensions system built for a Britain that no longer exists

The UK’s pensions system was designed for a Britain that no longer exists, according to a major new report commissioned by the ABI and produced by the Pensions Policy Institute (PPI).
Posted on Thursday Jul 9

One in three pensioners to be renting by 2044

One in three pensioner households could be renting by 2044 according to the ABI’s latest report, Pensions Adequacy: Housing, Households and Auto-Enrolment. The research finds that nearly two million more people are expected to retire without owning their home, marking a major shift in how future generations will experience retirement.

Posted on Thursday Jul 9

State of the Nation paper for DB pension schemes

Three years on from the Mansion House reforms and with the Pension Schemes Act now receiving Royal Assent, policy ambition for DB pension schemes has evolved but has yet to translate fully into practice, according to Hymans Robertson.
Posted on Thursday Jul 9

The £56k Inheritance Assumption Gap

Fewer than half (46%) have discussed inheritance plans with their loved ones. Average anticipated inheritance is £56,535 potentially leaving a big hole in retirement finances if solely relied upon. Millions avoiding the conversation due to it being awkward (15%), rude (12%) or to avoid family arguments (8%)
Posted on Thursday Jul 9

Master trusts continue to reshape DC pensions market

Master trusts now account for 41% of large DC schemes in the research, up from less than 30% in 2022. Large master trusts are serving more than 60% of members in bundled DC arrangements with over half the assets for that cohort. A small number of providers are shaping a large proportion of member experience with just four providers responsible for over 70% of assets and 74% of members. Despite a shift towards drawdown-focused retirement targets, 87% of members accessing benefits still take cash withdrawals
Posted on Thursday Jul 9

SPP outlines series of bold pension reforms

The Society of Pension Professionals (SPP) has responded to the Pension Commission’s Interim Report, warning that structural deficiencies, soaring housing costs, and shifting work patterns mean millions of UK workers are heading towards an inadequate retirement unless the government enacts significant reforms.
Posted on Wednesday Jul 8

Burnham’s Cabinet earnings and how their pensions compare

With Andy Burnham widely expected to enter Downing Street on 20 July and unveil his first Cabinet only once in office, favouring what has been described as a “one and done” approach to appointments, speculation continues over who will take on some of the most powerful jobs in government.
Posted on Wednesday Jul 8

State Pension spending to reach 9% of GDP by 2075

The OBR’s latest fiscal risks and sustainability report estimates that State Pension spending is projected to rise from 5% of GDP to around 9% of GDP in the fifty years to 2075-76 driven by population ageing and the cost of triple-lock uprating (calculated based on historical inflation and earnings volatility).
Posted on Tuesday Jul 7