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Housing Benefit (HB) system lacks pension saving incentive

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.
Posted on Wednesday Jul 29

DC market enters new era as member outcomes hit centre stage

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.
Posted on Wednesday Jul 29

PPF consultation on updated DB scheme valuation assumptions

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.
Posted on Tuesday Jul 28

Poll shows need to rethink salary sacrifice pension reforms

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.
Posted on Tuesday Jul 28

TPR uses anti-avoidance powers to protect plumbing industry

The Pensions Regulator (TPR) has warned participating employers in the Plumbing & Mechanical Services (UK) Industry Pension Scheme that they face regulatory action if they seek to walk away from their pension liabilities leaving other employers to foot the bill.
Posted on Tuesday Jul 28

A little goes a long way for the self-employed

New data from PensionBee shows that the overwhelming majority of self-employed pension savers are contributing to their retirement sporadically - with 87% making fewer than six one-off payments in a year, less than one every two months on average.
Posted on Tuesday Jul 28

Buyin completion marks new phase for trustees

Cartwright Pension Trusts, the pension specialist for defined benefit and hybrid schemes, today urged trustees to look beyond transaction day, warning that completing a buy-in is only one stage of delivering a successful end-game strategy.
Posted on Monday Jul 27

State pension alone will not bring a comfortable retirement

Experts at Quantum Advisory are stressing the importance of private pension saving to ensure that a comfortable income is received in retirement following newly released projections for state pension spending.
Posted on Friday Jul 24

DWP roadmap highlights pace and scale of reform

The Department for Work and Pensions (DWP) has published its roadmap, setting out implementation timescales for key defined contribution (DC) and defined benefit (DB) pension reforms.
Posted on Friday Jul 24

Five pension questions the new Prime Minister must answer

With Andy Burnham now in office as Prime Minister and confirmation that Torsten Bell will remain as Pensions Minister, pension savers and the industry are waiting to see whether former commitments survive the harsh reality of governing. PensionBee, a leading retirement savings provider, has set out five questions it believes the new leader must address in his first months in Downing Street.
Posted on Thursday Jul 23

Retirement on hold

Over a third (36%) of non-retired people in their 60s expect to work for longer because of the State Pension age rise. Nearly two in five (38%) 60-65-year-olds are working later in life to cover day-to-day bills. Over a third (37%) of working 60-65-year-olds say they are delaying retirement until they receive the State Pension. Standard Life think tank calls for better careers support and flexible working to help over 60s who need to work for longer, alongside tailored support for those most affected by rising State Pension age
Posted on Thursday Jul 23

DB pension schemes maintain strong surplus positions

UK defined benefit (DB) pension schemes maintained strong funding positions through June 2026, according to PwC UK's Pension Funding Index, while growing regulatory clarity around surplus extraction is increasing confidence among trustees and sponsors to run on schemes and release surplus.
Posted on Thursday Jul 23

Torsten Bell stays on as Pensions Minister

Last night it was confirmed that Torsten Bell would remain Pensions Minister under the new PM Andy Burnham.

Posted on Thursday Jul 23

No single automatic enrolment reform protects low earners

The Pensions Policy Institute (PPI), the UK's leading independent authority on pensions and retirement policy, has published a new report today finding that no single Automatic Enrolment (AE) thresholds reform can fully protect low earners from pensions inadequacy or financial vulnerability in working life.
Posted on Wednesday Jul 22

DC Pension Tracker for Q2 2026

The Aon UK DC Pension Tracker rose over the first quarter of 2026, with all savers expected to see an increase in their expected future living standard in retirement. Despite an increase in expected future living standards this quarter, June’s increase to the Pensions UK Retirement Living Standards (which will be reflected next quarter) reflects an increase in required income to support lifestyles at retirement. Sample savers have been ‘re-set’ to their original ages and fund values for 2026. The impact of April’s increase in the state pension and June’s update to the Retirement Living Standards will be reflected in the next quarter’s update.
Posted on Wednesday Jul 22

DB scheme trustees face agenda overload

Pensions dashboard readiness ranked as the leading challenge facing DB scheme trustees over the next 12 months, cited by 38% of trustees in new research by TPT Retirement Solutions. Fastest-rising priority remains endgame planning, with 31% citing it as a major challenge, compared to 16% in 2024. Managing liquidity, collateral or cashflow needs, member communications and market volatility also ranked high on the trustee agenda. The findings indicate that trustees are balancing an ever-expanding set of operational, governance, investment and strategic priorities.
Posted on Wednesday Jul 22

76% of pensions policy makers to explore CDC in next 3 years

Around half (52%) of respondents were comfortable being an early adopter. 51% of companies with less than 250 employees say they expect to explore CDC within the next three years. This rises to over 80% among larger companies
Posted on Tuesday Jul 21

Faster pension transfers backed but scam protection crucial

The Pension Scams Industry Group (PSIG), established in 2014 to help protect pension savers from fraud, deception and sharp practice, today responded to the Government’s consultation on changes to pension transfer regulations, welcoming proposals that aim to make legitimate transfers quicker while strengthening protections for savers against fraud.
Posted on Tuesday Jul 21

Comment as Andy Burnham is appointed Prime Minister

The PMI congratulates Andy Burnham on becoming Prime Minister and calls on the new government to place simplicity, stability and savers at the heart of its approach to pensions and lifetime savings.
Posted on Monday Jul 20

Confidence in CDC adoption remains low

Confidence that collective defined contribution (CDC) pension schemes will become widely adopted remains low, despite growing political and regulatory momentum, according to a new webinar survey by Sacker & Partners LLP (Sackers)
Posted on Monday Jul 20

Typical 55-year-old may need £74/month extra if SPA rises

Following the OBR's report that the government could bring forward the increase in the State Pension Age to 68 by around seven years, new modelling by Barnett Waddingham, part of Howden, shows how much more people approaching retirement may need to save if they still want to retire at 67 despite receiving their State Pension a year later.
Posted on Monday Jul 20

Comments on deadline for 2nd Pensions Commission report

Catherine Foot, Director of the Standard Life Centre for the Future of Retirement, comments on the consultation deadline for the interim report of the Second Pensions Commission.
Posted on Friday Jul 17

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