2026 M&A Outlook with 5 trends firms should track for 2026

Buyers have learned to normalise and move through uncertainty, supported by lower financing costs and increased confidence in future growth prospects. As we approach the close of 2025, the global mergers and acquisitions (M&A) landscape is buzzing with renewed optimism. Our latest WTW research, conducted in partnership with the M&A Research Centre at Bayes Business School, reveals that dealmakers have significantly outclassed companies not involved in M&A during the first nine months of this year, based on share price performance.

The regulatory future for sole trustees

Last month the Association of Professional Pension Trustees (APPT) published its revised sole trustee code of practice, effective from 1 January 2026. The new code has had input from the Pensions Regulator (TPR) and the APPT’s 450 members. The code has been revised to reflect the maturing sole trustee market. It no longer has wording about it being voluntary, and there is now a requirement to follow the code, except in exceptional circumstances where doing so would conflict with trustees’ overriding duties. The code still has no statutory force.

Insurance in an Era of Escalating Climate Risk

Climate change is happening, right here, right now. From record-breaking storms to heatwaves, the UK and Ireland are facing climate-driven risks that are both immediate and could rise in the long-term, depending on if and by how much carbon emissions are cut. Insurance providers must therefore equip themselves with data that tells them about today’s risks and how those risks could escalate in the decades ahead.

The Purple Book 2025 Webinar

 

Lifestyle Actuary

Dalriada Trustees Limited (Dalriada), one of the largest providers of professional trustee services to pensions schemes in the UK, has today announced the appointment of Sarah Brough as a professional trustee.

Lights Camera Actuary

For the next few months Zoe Bolton will be talking to the senior actuaries in these firms, getting a brief insight into their career paths and visions for the future. This month Zoe interviews Shil Patel the UK Managing Director at Dynamo Analytics

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

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