Recent events have demonstrated how a single shop fire can escalate rapidly into a major city-centre emergency. What may begin as a contained incident can result in damage to historic buildings, the closure of transport hubs and widespread disruption to surrounding businesses. Fires in shop premises can highlight an often-overlooked reality in risk management: location plays a critical role in determining the scale and severity of loss.
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.
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.
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.
The UK labour market is showing further signs of cooling, with unemployment rising to 5%, up from 4.9%, as businesses become more cautious about hiring. Job vacancies have fallen to around 705,000, the lowest level since early 2021, underlining weaker demand for workers across the economy. Wage growth has continued to ease, with regular pay excluding bonuses rising by 3.4% year-on-year, only marginally ahead of inflation, while total pay including bonuses increased by 4.1%. Conflict is keeping stagflation worries front and centre, as higher crude prices put upward pressure on inflation amid fears of a stagnating economy.
The London Market Group’s (LMG) Data Council has updated the Core Data Record (CDR), introducing new data fields to accommodate treaty reinsurance business. The update was developed following a consultation which saw engagement with 68 organisations across the Lloyd’s and London markets.
Host Harsimar Atwal chats with Dave Aleppo and Tina Kripps to explore how we need to change how we think, act and invest when it comes to DB pension schemes.
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.
Thousands more families every year are being drawn into the scope of inheritance tax (IHT), a trend that will be amplified by the inclusion of unused pension assets in estates from April next year. That step is expected to draw about 31,200 more estates into the scope of IHT by 2030, and about 121,500 estates will face a surge in IHT liabilities.
Dean Chapman examines rising cyber risks in UK pension schemes, highlighting why trustees must take stronger ownership of governance, resilience and oversight to protect member data and ensure robust outcomes. It has been known for some time that cyber risks are no longer simply a technical issue, confined to IT teams or outsourced service providers. For pension schemes, cyber slowly but certainly has become a board-level risk that has direct implications for member outcomes, regulator scrutiny and trustee accountability.
FTSE 100 on the back foot in early trades as crude prices ramp higher. Mining stocks lose ground as China data disappoints while energy giants rise as crude shoots higher again. The UK’s leadership crisis continues, with gilt investors the canaries in Labour’s coalmine. Both 10-year and 30-year gilts rise to fresh multi-decade highs. Anglo American shape shifts again, offloading its Australian steelmaking coal business.
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.
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.
This year, 6 April marked the date from which the state pension age started to rise to 67. Over the next two years the age will steadily rise to reach age 67 for anyone born after 5 April 1961. At the same time, the triple lock saw the amount of full state pension payable to qualifying pensioners increase to £241.30 per week, or £12,547.60 per year. While an income equivalent to the state pension might be well below what many people aspire to, it remains a valuable foundation for retirement.
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.
NS&I has announced that the Premium Bonds prize fund rate will increase to 3.80% from the July 2026 draw. Holders will have even more chances to win, with the odds shortening to 22,000 to 1 from 23,000 to 1. The Premium Bonds prize fund rate was reduced in April 2026 along with the odds lengthening.
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.
Life insurance was always designed around one moment: death, and for much of its history, that made perfect sense. Families were often built around a single breadwinner, life expectancy was shorter, and the financial shock of losing that person could be devastating. Life insurance met a clear and immediate need; protect the household if the worst happened. Over time, insurers strengthened the proposition by combining death benefits with tax-advantaged savings and investment products, creating a simple, stable offer that appealed to generations of customers.
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).
The Exeter has today announced the appointment of Gary Warman as Chief Financial Officer. Gary, currently The Exeter’s Chief Risk Officer, will take on the role following the departure of current Chief Financial Officer Michael Payne, who is leaving the business to take up a new position with Lloyds Banking Group.
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.
FTSE 100 extends gains. UK GDP up 0.6% in Q1, strongest in G7. Gilt yields ease slightly, Wes Streeting mulls leadership challenge. US futures rise after tech rally propels fresh highs. Brent Crude inches up to around $106 per barrel