59% of consumers say they would use a comparison site to research non-compulsory insurance products. Among 25–34-year-olds, 14% would consider the opinion of influencers and 10% would use AI tools to research products.
£60m invested directly by the PPF’s in-house investment team. Reinforces the PPF’s role as a long-term, responsible investor in the UK economy. Underlines PPF’s growing capability to deliver complex transactions in-house. Nearly half of the PPF’s £31bn of assets under management are invested in the UK. The project strengthens long-term water resilience for 2.5 million people.
New TPR/FCA podcast examines the need to understand and act on diverse saver needs. Trustees urged to respond to FCA Targeted Support consultation as it nears end.
Pet-owning Brits are now the most likely in Europe to say their insurance costs are the highest they’ve ever been, with pets getting sick or injured now a major worry for many. Despite the costs, Brits are still the most likely nation to insure their pet’s life over their own, and one in six prepared to forgo other types of insurance to protect their pet. One in five Brits now hold pet insurance, the highest in Europe, reflecting the UK’s reputation as a nation of animal lovers and the recent growing trend of pet ownership. The findings come against a backdrop of rising veterinary costs, inflation and a record increase in claims, with payouts topping £1 billion for the third year in a row.
The latest data from the ABI highlights the essential role of travel insurance, as its members paid out £472 million across more than 500,000 claims in 2024.
Even the most prepared organisations can hit unexpected problems big enough to cause potentially serious disruption. Resilience, crisis management and business continuity planning are designed to create a blueprint for preparedness should something unexpected happen. Here are five reasons why creating, testing and refining a business continuity plan can provide your organisation with immense benefits, even without ever being put into action.
State Pension could rise to over £12.5k a year if earnings growth remains at current levels (4.6%). £551 uptick could see pensioners pulled into paying income tax amid threshold freeze.
In July the government revived the Pensions Commission, to address the UK’s retirement crisis that risks tomorrow’s pensioners being poorer than today’s. To highlight the scale of the problem, research from the Department for Work and Pensions indicates 15 million people are not saving enough for their retirement.
High earners could face paying more than £7,000 in extra income tax if the Chancellor, in the upcoming Budget, extends the current freeze on tax thresholds until 2030, according to new analysis from Rathbones Group.
The Chancellor has collected £732 million in Capital Gains Tax (CGT) through the first four months of 2025/26, a rise of 11% or £75 million in comparison with the same period in the previous financial year (£657 million). CGT receipts are estimated to hit £25.5 billion a year by 2029/30 – nearly twice current levels
Average annual retiree spending is £22,140 per year – nearly £10,000 below the recommended Pensions UK level for an adequate lifestyle in retirement. Despite this, UK retirees gift almost £2,500 per year to relatives annually - £1,323 in gifts, with an additional £1,175 to support education. Nearly one in five (18%) report being very concerned about their ability to maintain their current standard of living. The state pension remains a critical income source, making up 50% of income for retirees over 80.
HMRC tax receipts update shows that Insurance Premium Tax (IPT) receipts recorded a total of £1.03 billion in July 2025, an increase of £68 million on the same month last year (£957m).
Just Group and Hargreaves Lansdown comment on HMRC update showing that Inheritance Tax (IHT) receipts totalled £3.06 billion through the first four months (April-July) of the 2025/26 financial year. The figure represents an increase of £229 million, or 8%, compared to the same period last year when £2.83 billion was collected in April–July 2024/25. That signalled the start of a fourth consecutive record-breaking year of IHT with £8.2 billion collected through the 2024/25 financial year. The OBR’s most recent forecast, published at the Spring Statement, projects yet another record year in the pipeline. IHT is predicted to generate £9.1 billion for the Treasury in 2025/26 and more than £14 billion by 2029/30.
Artificial Intelligence (AI) is one of the defining issues of our time. With the potential to transform how we work, communicate and make decisions, AI presents both exciting opportunities and notable risks for investors. This article discusses the risks; the opportunities of course should also be considered. As investment consultants at LCP, a key part of our role is to help our clients identify and manage investment risks. When it comes to AI, we believe it is important to distinguish between three categories of investment risk:
The triple lock means state pensions increase each April by the highest of September’s inflation figure, yearly earnings growth for the period May to July, or 2.5%. The latest CPI inflation figure (published 20 August) is 3.8% for the 12 months to July, having increased from 3.6% (June) and 3.4% (May). The latest earnings growth figure, for April to June, was 4.6%, having decreased from the previous two periods’ figures of 5.0% (Mar-May) and 5.4% (Feb-Apr). Depending on how things change in the next two months, state pensioners look like they’re in for an increase of between 4.2% and 4.6%.
As the UK gears up for a bank holiday weekend of festivals and outdoor events, The AA is urging attendees to drive safely and keep track of their belongings, after a survey* of over 10,000 members found that three quarters (75%) believe car keys are the item most likely to be lost at a festival.
Ongoing trade tensions, particularly between the U.S. and China, have created uncertainty in the global economy, leading to volatility in financial markets. Watch this video to find out about the market performance over the second quarter of 2025, how the conflict between Israel and Iran and its impact on commodity markets and key trends investors should keep in mind for the upcoming months.
Everyone working in the pensions industry should meet a group of DC members every year to help them understand why they’re doing their jobs and who they’re doing them for”. These wise words from Sue Cox, who recently retired from communications consultancy likeminds, have always stuck with me. I’ve always thought about members and the impact my advice has on them whenever I make recommendations to clients. Now, as I approach my own retirement and face tough decisions, Sue’s advice feels even more relevant for members about to retire.
Standard Life, Wealth Club and Hargreaves Lansdown comment as inflation edges up, with CPI reaching 3.8%. Bank of England faces pressure to delay further rate cuts, with CPI forecast to hit 4% in September
Aon has found that fewer UK defined benefit (DB) pension schemes are now granting inflation-driven discretionary increases. When compared with the two previous years, the more benign inflationary environment seen in 2024 and over the first half of 2025, is regarded as the most likely reason.
If you work in insurance, you may well be intimidated by the rise of AI and automation in the industry. Like other industries across the globe, AI seems to be threatening many professionals’ careers. And some people do, in fact, have the right to be concerned. However, the rise of AI doesn’t have to spell disaster for everyone. And in fact, you may be able to up your game by gaining a greater understanding of the relationship between people and their AI instruments, and the necessary role that professionals continue to play in the industry.
Treasury could move on tax-free lump sum, tax relief, salary sacrifice or Annual Allowance in hunt for savings. Wealth manager Evelyn Partners’ retirement and pensions specialist on what earners, savers, retirees, and the Chancellor, need to consider
Pensions industry urged to remain vigilant and report suspicions. More than 2,000 victims of pension scams have received compensation to help them rebuild their lives – with more payments set to follow.
The Institute and Faculty of Actuaries (IFoA) is delighted to announce that Sam Younger has been appointed as the new independent Chair of its Regulatory Board. Sam will begin his term on 22 September 2025.