The Financial Conduct Authority (FCA) has set out a suite of measures today to empower retail investment, reinforce wholesale markets and maintain the UK’s position as a world-leading financial centre.
The annual Pensions UK Conference is always a highlight in the pensions industry events calendar. It’s great not just to hear the talks from the movers and shakers of the industry, but to have a chance to hear from the trustees, sponsors and other industry professionals about their concerns and the issues that matter to them. At this year’s conference we once again recorded a special mini-series of Beyond Curious with LCP. We heard from leading voices in the industry on the big questions shaping pensions today and tomorrow.
The Pensions Regulator (TPR) has launched an initiative to explore the approach of defined contribution (DC) and defined benefit (DB) pension schemes to investing in growth assets that could boost returns for savers over the long term, and to better understand the barriers to doing so.
The latest thematic review report from the Institute and Faculty of Actuaries (IFoA) shows that over 80% of respondents believe that actuarial involvement in climate and sustainability work has increased in recent years.
A landmark study by PensionBee, a leader in the consumer retirement market, and The Open University has uncovered a striking ‘legacy gap’ between gay and straight men – not in how much they save for retirement, but in why they save.
60% of over-45s think the average cost of a year’s stay in a residential care home is less than £60,000 compared to industry figures suggesting actual cost of £66,500. More than one in four (28%) underestimate the true cost by more than half.
Stephen Caine considers the importance of mortality base tables in light of the new funding regime. As many schemes prepare for their first valuations under the Pensions Regulator's new funding code, much of the attention has understandably been on low dependency targets, significant maturity, and reliability periods. When it comes to mortality, increasingly complex future improvement models have taken all the attention (eg the latest "CMI 2024" model).
Royal London has revealed that as many as 21.5 million people across the UK could benefit from Targeted Support, highlighting the significant challenge, and opportunity, the industry faces in providing accessible support to help people with their finances.
A raft of measures designed to support the growth of the mutuals sector have been announced today by the financial regulators. They include a review of credit union regulations and the launch of a Mutual Societies Development Unit by the Financial Conduct Authority (FCA).
PensionBee has launched its third report, Faster, Fairer, Digital: The Pension Transfer Reset, calling for urgent Government and regulatory action to modernise the UK’s outdated pension transfer system.
The Pension Protection Fund (PPF) has today published The Purple Book 2025, the 20th edition of its comprehensive analysis of the UK’s defined benefit (DB) pension landscape. This year’s publication shows aggregate DB funding levels remain strong. The aggregate funding position of DB schemes on a section 179 basis, as at 31 March 2025, shows a net surplus of £214bn, similar to last year’s £219bn. The funding ratio increased from 123 per cent to 125 per cent, driven primarily by higher gilt yields reducing liability values.
Today’s Finance Bill sets out the Government’s response to the consultation it opened in July 2025 on how inheritance tax will be applied to pensions and death benefits from April 2027. It adds important detail to the headlines announced by HMRC on the evening of the Budget Day last week.
Details of action taken by The Pensions Regulator (TPR) to secure a good outcome for over 13,000 members of the Northern Foods Pension Scheme (NFPS) are published today. A package has been agreed to strengthen support for the pension scheme and help it to achieve self-sufficiency over the next decade.
The FCA have written to Dame Meg Hillier MP at the Treasury Select Committee with regards to investigating the handling of information ahead of the Autumn Budget 2025 and whether it amounts to market abuse.
The DWP is consulting on a new form of Collective Defined Contribution scheme, Retirement CDC. Unlike other forms of CDC which operate on a ‘whole of life’ basis, this might be offered to members at the point of taking a retirement income, or used as a ‘default’, if the trustees or provider choose to do so.
Driven by a trend towards tangible AI solutions, insurers will make significant progress in implementing cloud and cloud-based solutions, highlights the Sollers Predictions Report 2026.
PwC advises Stagecoach Group pension scheme on groundbreaking sponsorship by Aberdeen Group plc. PwC has acted as lead adviser to the Stagecoach Group Pension Scheme (SGPS) trustee on a landmark transaction that sees Aberdeen Group plc become the scheme’s sponsoring employer. This trustee-led innovative deal is set to deliver significant benefits to SGPS’s 22,000 members, including an immediate uplift and improved inflationary protection over time.
Cash ISA allowance cut set to increase tax bills for millions of savers. Frozen personal savings allowance, higher tax rates and reduced Cash ISA allowance create a triple blow for cash savers. Over five years additional-rate taxpayer faces £2,380 tax bill on lost £8,000 of ISA savings, rising to £9,349 over 10 years. Higher-rate taxpayers face extra tax bill of £1,152 over five years, rising to £6,464 over 10 years. Government expected to gain from extra tax on savers’ interest
The Association of Consulting Actuaries (ACA) strongly supports the development of the legislation required to enable Retirement CDC pension schemes. We agree that this will open up CDC pensions to a much wider range of people, providing significant advantages over many existing forms of ‘at retirement’ pension provision.
Almost a decade after it was first floated as an idea, the superfund market is finally gaining traction in the UK pensions market. With a clearer regulatory framework taking shape, Clara Pensions developing a credible transaction track record and the announcement of a new superfund entrant (with rumours of more to come), all signs are pointing towards the superfund market becoming an established risk transfer option for UK defined benefit (DB) pension schemes.
Commenting on the Hymans Robertson response to the Retirement Collective Defined Contribution pension schemes consultation, Paul Waters, Head of DC Markets, Hymans Robertson says: “This consultation is a key milestone in the advancement of the evolution of CDC and a welcome development for members.
The Financial Conduct Authority (FCA) is working with major firms to test Artificial Intelligence (AI) in a safe place to better understand the potential benefits and risks.
Shortfalls reinforced need for structural shift toward deeper decarbonisation and more resilient systems, says Rathbones Greenbank’s Nicola Day‘. Concerns persist over weakened language and unclear finance’
Global mergers and acquisitions (M&A) outclassed companies not involved in dealmaking during the first nine months of this year, according to WTW research based on share price performance1. In partnership with the M&A Research Centre at Bayes Business School, the data shows that the M&A market is on track to achieve its best performing year since the dealmaking boom that followed the pandemic slowdown, paving the way for a stronger year ahead.