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AI part of the engagement solution

The Society of Pension Professionals (SPP) this week hosted a webinar “Enabling good retirement decision-making” to examine how the pensions industry can encourage members to better understand and engage with their various options at retirement.
Posted on Friday May 29

Savers back Pension Commission findings

TPT Retirement Solutions has found that a significant proportion of defined contribution (DC) savers are aware they are not saving enough for retirement, supporting the findings of the Pension Commission’s Interim Report.
Posted on Friday May 29

Pension Credits down 34% but Iran war could raise awareness

Data published by the Department for Work & Pensions (DWP) finds that Pension Credit applications, claims and awards have dropped sharply in the past year.
Posted on Thursday May 28

Continued improvement in DB funding levels

UK defined benefit (DB) pension schemes continue to report improving funding positions across low-dependency, buyout and superfund measures, according to PwC’s Pension Funding Index.
Posted on Wednesday May 27

Scheme design impacts timeline to first time home ownership

Young people face a “financial trilemma”: Saving for retirement, building a house deposit and rising living costs. Pension scheme design can materially affect the timeline for first-time buyers to purchase a home, according to new research from Hymans Robertson.
Posted on Wednesday May 27

Retirees say modern retirement lasts longer and costs more

Nearly a third (31%) of retirees say their standard of living is worse now than before they retired, compared with just one in five (20%) who say it is better. Many retirees say they underestimated both the cost and length of retirement, with 17% saying they would need more money than expected and 16% saying retirement would last longer than they originally thought. Looking back, three in ten (30%) wish they had saved more regularly, while others regret not understanding sooner how to turn pension savings into a sustainable retirement income. Findings come as Pensions Commission report reveals that around 15 million people are currently not saving adequately for retirement.

Posted on Wednesday May 27

CDC Pensions everything you need to know in 2026

Aon has released ‘CDC – Everything you need to know in 2026’, a new paper that draws together the firm’s extensive research on Collective Defined Contribution (CDC) pensions and looks to the future at the potential this new type of pension scheme brings to the UK.
Posted on Tuesday May 26

Striking statistics on the self employed

Analysis of the Pensions Commission report by Martin Willis of Barnett Waddingham highlights significant changes in the self-employed population, alongside some striking statistics.
Posted on Friday May 22

Going solo prompts pensions rethink

Becoming self-employed is a major turning point for peoples’ pension saving, with half (49%) of those with a private pension who have done so changing how they save for the future after leaving PAYE employment. Standard Life research comes as the Pensions Commission warns only 4% of wholly self-employed people are saving into a pension. While a fifth (18%) increase how much they save, a third (33%) reduce, pause or stop pension contributions. The impact of pausing: a five-year pause in contributions in your 30’s could reduce a pension pot by £25,000
Posted on Thursday May 21

Pension schemes increasing their range of endgame options

Aon has said that its 2026 Endgame Survey has highlighted the growing range of endgame options that UK defined benefit schemes are now considering. Conducted during the spring of this year, the survey of over 350 schemes has shown that 85 percent of them have reached a view on their endgame. The remaining 15 percent describe themselves as undecided on the option to take or are deliberately choosing to stay flexible in their approach.
Posted on Thursday May 21

Comments on TPRs report on use of AI in workplace pensions

Hymans Robertson and Lumera comment on The Pensions Regulator (TPR) AI plan on setting out initial expectations for how trustees should govern the use of artificial intelligence (AI). Focusing on the importance of a clear data strategy, ensuring scheme and member data is of high quality and complying with data protection legislation – including as it relates to automated decision-making.

Posted on Thursday May 21

From Payslip to Pension

The Pensions Policy Institute (PPI) is delighted to announce the launch of the fourth report in the From Payslip to Pension: Life Course Impacts on Retirement Saving Among Low Earners series, Modelling of Policy Options for Low Earners
Posted on Wednesday May 20

Urgent action needed to tackle pension under saving

IFoA, SPP and Aviva responds to the Pensions Commission’s interim report saying urgent action is needed to tackle pension under saving
Posted on Tuesday May 19

Industry comments on the Pensions Commission report

Scottish Widows, Barnett Waddingham, Standard Life and TPT Retirement Solution comment on the Pensions Commission report
Posted on Tuesday May 19

Schemes risk missing data complaint rules before deadline

With one month to go until the 19 June deadline, ZEDRA, is urging pension schemes to ensure they are compliant with new statutory requirements governing the handling of member data complaints.
Posted on Tuesday May 19

Hard Rain: Building climate resilience before the storm

Pension Insurance Corporation plc ('PIC'), has warned that parts of England could risk becoming unviable for future infrastructure and housing development, unless the Government takes a more ambitious approach to flood resilience.
Posted on Tuesday May 19

Pensions Commission findings buck received wisdom of success

The Pensions Commission has today published its interim report on the state of retirement saving in the UK, setting out the key challenges facing the current system and where it will focus its work next.

Posted on Tuesday May 19

DWP report highlights gender pensions gap

The DWP today published a new report exploring how labour market histories and life events relate to pension saving and retirement outcomes in the UK. It comes ahead of the interim Pensions Commission report that is set to be published later this week outlining its recommendations for closing the gender pensions gap and for the long-term future of the UK’s retirement system.
Posted on Monday May 18

Pensions 2030 Ready: From commitment to deployment

Pensions UK has published a new report setting out what needs to happen in practice to enable pension schemes to invest more in UK growth assets and drive good outcomes for savers.
Posted on Monday May 18

100,000 more pensions cashed in full each year since 2018

Over 100,000 more pensions are being cashed in full today than they were seven years ago when records began, according to new analysis by TPT Retirement Solutions. Data published annually by the Financial Conduct Authority (FCA) shows that since the tax year 2018-19, the number of people cashing their pensions in full each year has increased by 29% – or by 105,038.
Posted on Friday May 15

Markets in downbeat mood as China summit sparks more worry

FTSE 100 looks set to end the week on the back foot, falling in early trade. China-US summit switches focus to Taiwan, with concerns about fresh geopolitical fractures. Brent crude futures have risen, trading above $107 a barrel as hopes for a catalyst to end the conflict fizzle out. UK borrowing costs rise again with another twist in the fight for No.10 as Burnham barrels in. Pound slips, increasing expectations of further takeover deals in the UK. Private market opportunities look more attractive as more firms look set to be snapped up by bigger fish.
Posted on Friday May 15

DB and hybrid schemes must get value data dashboard ready

The Pensions Regulator (TPR) has launched a regulatory initiative targeting defined benefit (DB) and hybrid pension schemes to assess how they are preparing their data ahead of connecting to dashboards, to ensure their members get accurate, up to date information.
Posted on Thursday May 14

What next for the £14bn Pension Protection Fund reserves

The Society of Pension Professionals (SPP) has published a new paper, “From Lifeboat to Legacy: What Next for the £14bn PPF Reserves?” calling for full and transparent government engagement with stakeholders, including pension scheme members, employers, trustees and advisers on the future role of the Pension Protection Fund (PPF).
Posted on Thursday May 14

HMRC reveals more on new rules for IHT on pensions

One of the most controversial pension tax changes in recent years has moved a step closer, with HMRC publishing a technical note this week on how pensions will fall within inheritance tax rules from April 2027.
Posted on Thursday May 14

Millions face pension access cliff edge ahead of age 57 rule

Millions of pension savers born between 6 April 1971 and 5 April 1973 could face an unexpected two year wait to access their pension savings unless they act before 6 April 2028, according to PensionBee.
Posted on Wednesday May 13