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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

Game, set and pension

A first-round defeat at Wimbledon may sting on Centre Court, but new modelling from PensionBee shows that the £80,000 prize cheque could grow into a pension pot worth £625,925 by age 67, showing that even an early Wimbledon exit can become the foundation of a comfortable retirement.
Posted on Tuesday Jul 7

Time to get savvy with your pension pot

Latest HL research shows just 47% of people know their pension is invested. 23% said their pension wasn’t invested in the markets. The remaining 30% were unsure. 56% of men and 40% of women knew their pension was invested. The less you know about your pension, the less control you have over you’re your retirement
Posted on Monday Jul 6

Private market growth puts DC strategy design in focus

Strategic asset allocation within default DC pension strategies is becoming increasingly important as providers make greater use of private market assets, according to Hymans Robertson in its latest DC Provider Insights report.
Posted on Monday Jul 6

Pension funding improves in June despite political upheaval

Broadstone publishes its Sirius Index June update which discloses improved funding positions for both modelled schemes. The ‘growth focused’ scheme funding improved from 92.2% at the end of May to 93.1% at the end of June. The ‘matching focused’ scheme funding also improved but to a lesser extent from 89.4% at the end of May to 89.9% at the end of June
Posted on Friday Jul 3

Pension firms must do more on old pensions and fund savings

The Financial Conduct Authority (FCA) has found that people holding legacy pension products, now closed to new savers, could be receiving poorer value than those in newer ones.
Posted on Thursday Jul 2

3 in 5 who took tax-free cash before the budget regret it

New data from Quilter, the wealth manager and financial planner, reveals that three in five retirees (61%) who withdrew tax-free cash from their pension ahead of last year’s budget say they regret doing so.
Posted on Thursday Jul 2

DB transfer compensation estimated to fall again for Q3 2026

Broadstone finds a reduction to redress levels due to strong investment performance and a fall in future inflation expectationsA clear gain expected in most cases meaning that no redress is payable as the consumer is judged to be better off as a result of transferring
Posted on Thursday Jul 2

2026 survey of independent professional trustees

First Actuarial, a Gallagher Company, has published its first survey of independent professional trustees (IPT) in the UK pensions industry. The survey questioned 65 trustees from 12 IPT firms with responsibility for diverse scheme types. Among the findings, the survey identifies key factors IPTs look at when selecting advisers, and areas where they are likely to need support in future.
Posted on Wednesday Jul 1

Four months to MoneyHelper Pensions Dashboard deadline

Pension providers have entered the four-month countdown to the pensions dashboards connection deadline, as the MoneyHelper Pensions Dashboard (MHPD) ecosystem surpasses 70 million connected pension records.
Posted on Wednesday Jul 1

TPR publish their Annual Report and Accounts for 2025/2026

The Pensions Regulator (TPR) has published its Annual Report and Accounts 2025/2026 highlighting progress in its mission to protect members’ money, enhance the pensions system and support growth and innovation in the interests of members.
Posted on Tuesday Jun 30

Covering the cost of renting in retirement

New report warns current pension savings could be entirely absorbed by rental costs in later life.Unlocking pension pathways to property ownership could increase pensions engagement and deliver 100% higher income at retirement

Posted on Tuesday Jun 30

Half ready to pay more into pensions if employers do too

Half (50%) of permanent UK workers would pay more into their workplace pension if their employer paid a larger share, according to Scottish Widows’ latest Retirement Report.
Posted on Tuesday Jun 30

Improved support for terminally ill PPF and FAS members

Terminal illness life expectancy period extended from 6 months to 12 months. Eligible PPF and FAS members can access a terminal ill health payment sooner
Posted on Monday Jun 29

One-third of people unaware of impact of IHT on pensions

32% of people have no idea how upcoming changes to pensions and inheritance tax will affect them. Nearly 40% of cohabitees are still unaware of the impact versus 30% of married people. Only 3% of additional rate taxpayers are unaware. This compares to 23% of higher rate taxpayers and 35% of those paying basic rate tax. Just 9% of people believe the change will push the value of their estate into inheritance tax paying territory.6% of people say they are already likely to be impacted by inheritance tax, but the change has made it worse.
Posted on Monday Jun 29

DWP launches State Pension Age comms action plan

The DWP has published its action plan into State Pension age communications, establishing a new strategy for effective, timely and modern communications on the State Pension.
Posted on Thursday Jun 25

Blueprint for the future DC pensions market

The emergence of 10-15 megafunds by 2035 will drive better outcomes and facilitate increase in private market allocations. A more value-focused system could boost retirement savings pots by up to 20% while unlocking up to £115 billion in GDP and supporting 330,000 jobs across the UK from infrastructure investment alone. Calls for clearer implementation of reforms, with a shift from cost to value, supported by a clear and consistent regulatory framework. Eight key principles set out how the industry and policymakers can deliver these outcomes in practice
Posted on Thursday Jun 25