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The Rule of 300 for retirement income

Standard Life’s analysis shows how £300 of pension savings is required to generate £1 of guaranteed monthly income. The ‘Rule of 300’ illustrates how everyday monthly costs translate directly into the pension savings needed to guarantee them via an inflation-linked annuity
Posted on Thursday May 7

Professional trustees role as governance reshape DB pensions

Largest 10 professional trustee firms now oversee around 45% of UK DB pension schemes, up from 31% in 2020. Firms expected to manage around two-thirds (c.66%) of DB schemes within five years. Over £1tn in assets now overseen across 2,400+ schemes. 174 new appointments, broadly offset by schemes reaching endgame and some mandates moving between providers. Average revenue growth of 12% in 2025, driven by increased governance and project workloads. Sole trusteeship now accounts for over 50% of appointments, projected to reach ~65% in five years
Posted on Thursday May 7

1 in 4 couples don't know about their pension in a divorce

Over a quarter (27%) of married people or those in civil partnerships who have a private pension don’t know what would happen to their pension if they divorced, rising to 30% among women. Almost three quarters (73%) of couples have never discussed how their private pensions would be treated if they separated. One in five (19%) divorced people regret how pensions were handled, with women (28%) three times more likely than men (9%) to feel this way
Posted on Wednesday May 6

Industry comments on TPRs Annual Funding Statement for 2026

The ACA, Hymans Robertson and SPP comment on the 2026 Annual Funding Statement issued by The Pensions Regulator
Posted on Wednesday May 6

TPR publishes its latest Annual Funding Statement

The Pensions Regulator (TPR) has published its latest Annual Funding Statement (AFS), setting out expectations for trustees and sponsoring employers of occupational defined benefit (DB) pension schemes. With most DB schemes now in surplus, TPR expects trustees in this tranche to be shifting their focus from deficit recovery to long-term endgame planning.
Posted on Wednesday May 6

Practical steps to support younger workers pension saving

Three quarters (74%) of employers worry employees will not save enough for retirement as living costs squeeze disposable income. A similar proportion say they are worried about younger workers (77%) and low earners (77%). More than four in five SME decision-makers (82%) say they feel a responsibility for employees’ financial wellbeing. Nearly half (45%) want better communication and education about pensions to improve engagement
Posted on Friday May 1

The year of the DC Default

All DC default pension providers delivered positive returns in 2025, supported by strong performance across all major asset classes. 71% of providers outperformed Howden’s passive portfolio test – up from 19% in 2024 in the growth phase, and 29% ‘at retirement’. Performance outstripped inflation, cash, and annuity measures. Despite the noise, private markets allocations remain limited in existing strategies - but many are already targeting allocations well above the policymakers’ ambitions
Posted on Thursday Apr 30

Two thirds use salary sacrifice but most unaware of 2029 cap

Nearly two-thirds of UK workers (62%) are using salary sacrificeA similar number (63%) are unaware it will be capped from 2029Nearly one in ten (9%) still don’t know what it is
Posted on Thursday Apr 30

Landmark Pensions Bill gives vital reforms to benefit savers

Pensions UK has today welcomed the passage through Parliament of the Pension Schemes Bill, marking a major step forward in reforming the UK’s workplace pensions system and strengthening outcomes for savers. The Bill introduces a package of reforms that Pensions UK and its members helped to shape.

Posted on Wednesday Apr 29

New TPR code for CDC schemes

The Pensions Regulator (TPR) code of practice for collective defined contribution (CDC) schemes, which has been expanded to cover multi-employer schemes, has been laid in Parliament today.
Posted on Wednesday Apr 29

Warning over increased pension scam risk as IHT changes loom

With less than a year until unused pensions fall within the scope of inheritance tax, Standard Life warns that greater uncertainty could increase savers’ vulnerability to pension scams. Early and consistent intervention critical to protecting savers from increasingly sophisticated pension scams
Posted on Wednesday Apr 29

Pension Schemes Bill passes now industry awaits consultation

Pension Schemes Bill has passed but a programme of detailed consultations are set to kick off. Consultations will shape key DC and DB reforms including Value for Money, consolidation, decumulation and endgame options. The detail will evolve over the next 12–24 months, requiring trustees and employers to stay engaged
Posted on Wednesday Apr 29

Lump sum pension withdrawals surge ahead of rumoured changes

Pension savers withdraw £3.9 billion in lump sums from DC pensions in Q4 2024–Q3 2025, up by £868 million on the previous 12-month period. Lump sum withdrawals hit peak of £1.0 billion in both Q3 2024 and Q4 2024 around the Autumn Budget 2024. Pension cash grab falls back before rising to a 2025 peak of £990 million in Q3 2025 ahead of the subsequent Autumn Budget 2025
Posted on Tuesday Apr 28

Master Trusts decumulation options increase

LCP’s latest analysis of the master trust and broader provider market highlights improvements in the quality of service members are receiving and shows that providers are developing a range of solutions as decumulation options increase.

Posted on Friday Apr 24

Three in 10 business owners have no pension

Rathbones warns that even a successful business sale may not deliver business owners the retirement income they hope for.
Posted on Friday Apr 24

TPR highlights crucial role of actuaries across pensions

Nausicaa Delfas, TPR CEO highlights need to move from a focus on accumulation to delivering sustainable retirement income for members. Actuarial judgement, independence, and long-term thinking identified as critical to system design across DB, DC, and CDC
Posted on Friday Apr 24

Operational challenge as default retirement reforms approach

PASA has published new Guidance exploring the significant operational challenges facing administrators as default retirement solutions are introduced.
Posted on Friday Apr 24

Trustee skills vital as pensions complexity grows

The UK pensions system is entering a new era of complexity that requires higher professional standards from those responsible for safeguarding savers’ futures, the President of the Pensions Management Institute has warned.
Posted on Friday Apr 24

DB pension schemes surplus continues to grow

UK defined benefit (DB) pension schemes maintained strong funding positions through the first quarter of 2026, according to PwC’s Pension Funding Index, which tracks UK corporate DB schemes on a low-dependency basis, despite continued geopolitical uncertainty and heightened market volatility
Posted on Thursday Apr 23

DC providers default strategies lead to gaps in outcomes

Differences between providers default strategies are leading to gaps in member retirement outcomes, according to analysis from Hymans Robertson. The DC Provider Insights report, published today, found a wide variation in projected member outcomes across providers, even where approaches look similar at headline level.
Posted on Wednesday Apr 22

Show me the money

Over two-fifths (42%) with a defined contribution pension say they plan to take the full tax-free lump sum in one go, or have already done so, including nearly a quarter (23%) who took, or plan to take this once they retire. A fifth (19%) say they will, or have, taken the tax-free cash gradually
Posted on Tuesday Apr 21

Your top five pension questions answered

Hargreaves Lansdown have sifted through popular pension questions we’ve received from clients. Tracing lost pensions remains a popular topic. Tax issues can be complex to understand. Take the time to think about what you want your life in retirement to look like. It’s important to understand what happens to your pension when you die.
Posted on Monday Apr 20

Launch of Lost Pensions 2026 survey with DB scheme expansion

The Pensions Policy Institute (PPI), has launched its Lost Pensions 2026 survey which has expanded to include Defined Benefit (DB) providers for the first time.
Posted on Monday Apr 20

Lack of consensus among schemes on surplus distribution

Aon has said that polling during its spring 2026 pension conference series revealed no clear consensus among UK defined benefit pension schemes on the way surplus assets should be distributed to members.
Posted on Monday Apr 20

Concerns over capacity to handle pensions dashboards queries

As hundreds of pension schemes have now completed their connection to pensions dashboards and many more continue to do so, the Society of Pension Professionals (SPP) held a webinar on the subject, attended by around 250 pension professionals.
Posted on Friday Apr 17