With a new Prime Minister in office and major DB reforms now on the statute book, ministers have a clear opportunity to turn legislative ambition into practical change. LCP is urging the government to prioritise a stable, long-term framework for defined benefit pensions, with particular focus on surplus reform, endgame choice and innovation. The Pension Schemes Act lays important foundations, but schemes now need clarity and consistency if more trustees and sponsors are to move from interest to action.
The PMI congratulates Andy Burnham on becoming Prime Minister and calls on the new government to place simplicity, stability and savers at the heart of its approach to pensions and lifetime savings.
Confidence that collective defined contribution (CDC) pension schemes will become widely adopted remains low, despite growing political and regulatory momentum, according to a new webinar survey by Sacker & Partners LLP (Sackers)
Following the OBR's report that the government could bring forward the increase in the State Pension Age to 68 by around seven years, new modelling by Barnett Waddingham, part of Howden, shows how much more people approaching retirement may need to save if they still want to retire at 67 despite receiving their State Pension a year later.
Middle East conflict escalates, sending oil prices sharply higher and rattling global markets, with Brent crude above $90 a barrel. Inflation fears return, with higher energy costs threatening to derail expectations for lower interest rates. Travel and leisure stocks under pressure, as Ryanair profit dives as it warns consumers are delaying discretionary spending. Housebuilders weaken on renewed concerns that higher rates will hit affordability. Government borrowing costs rise, as investors await Andy Burnham's first cabinet appointments and economic direction. Thames Water rescue hangs in the balance, with taxpayers, creditors and investors all facing difficult trade-offs.
More than a third (36%) of DIY investors say their risk appetite has increased since Keir Starmer announced his resignation as Prime Minister, according to new research from Charles Stanley Direct, part of Raymond James.
With ever improving quality systems, product recalls should be in decline – so why have they been rising in recent years? This article explores the gap between recall myths and reality and how you can minimize your risk exposures. In 2025, the number of product recalls in Europe rose for the seventh consecutive year, reaching a historic high of more than 15,600.[1] The size of recall events have also been increasing. In the U.S., while the number of incidents was stable in 2025, the volume of product units recalled increased by more than 25%.[2]
£150,000 earners receive 3.8x the median salary but pay more than 10x as much income tax. Rathbones economic analysis suggests a UK wealth tax could result in more than £100 billion of wealth being redirected away from productive investment in the UK.
AI valuations face a reality check as investors question whether huge infrastructure spending will deliver sufficient returns. The FTSE 100 looks more resilient as investors rotate towards energy, defence, healthcare and financials amid tech turbulence. Contract chipmaker TSMC’s update triggers fresh slide in tech stocks over worries about high capital spending on building out infrastructure. Middle East tensions are keeping oil markets on edge, with fears over disruption to key shipping routes adding to inflation concerns. Netflix results disappoint, with investors demanding clearer evidence of future growth drivers. Burberry puts its best foot forward in the US and China, but Middle East conflict dents trade elsewhere
Catherine Foot, Director of the Standard Life Centre for the Future of Retirement, comments on the consultation deadline for the interim report of the Second Pensions Commission.
The Pension Scams Industry Group (PSIG), established in 2014 to help protect pension savers from fraud, deception and sharp practice, has today relaunched with a refreshed identity, updated mission statement and new digital presence.
The recently updated ‘moderate’ Retirement Living Standard remains challenging for many on average earningsMost savers unlikely to achieve a ‘comfortable’ retirement without contributions above 20%Renters could struggle to meet even a minimum standard of living in retirement
As part of the joint taskforce’s continued crackdown, in June the Financial Conduct Authority (FCA) had 170 misleading car finance claims adverts removed or amended by claims management companies (CMCs), bringing the total up to 1,200 since January 2024.
New research from leading insurer, Aviva, suggests that when UK homeowners aged 55+ think about “financial freedom” in later life, they think about enjoying the everyday moments, not just the big adventures.
Amongst the headline-grabbing provisions of DC Value-For-Money, investment mandation and DB surplus release, the Pensions Scheme Act 2026 also provided the industry with a legislative response to the long-running uncertainty created by the Virgin Media ruling. The introduction of retrospective certification for certain historic benefit amendments is a welcome and pragmatic development, as is the accompanying guidance from the FRC and TPR - but it may not be a universal solution, as this article explores.
More than one in three UK motor policyholders now worry about making an insurance claim for fear it would significantly increase their future premiums. Premiums are confirmed to be rising again this year, with just 13% of policyholders feeling motor insurance costs are stabilising or falling. Four in ten now say insurance costs, combined with recent rises in fuel prices, are making driving unaffordable. A quarter of policyholders would be willing to share more of their data with their insurer if it unlocked more affordable premiums.
The Society of Pension Professionals (SPP) has warned that crucial new government measures designed to protect savers from pension scams could be undermined by legislative loopholes and are therefore unlikely to work as intended in practice.
As the insurance market faces regulatory pressure to ensure that insurance products represent fair value and claims are paid efficiently, the potential for greater claims intelligence both at underwriting and point of claim, particularly First Notification of Loss (FNOL), is becoming increasingly clear. Looking first at underwriting, claims data has long been used by insurance providers to assess the likelihood of future claims and inform pricing. However, that data has been limited to the insurance provider’s own experience of claims.
Quantum Advisory, the leading pensions and employee benefits consultancy for small and medium-sized schemes and employers, today announced the promotion of Adam Cottrell to the role of Principal Consultant. Adam, who is based in the firm’s Head Office in Cardiff, took up the role from 1 July 2026.
The sole trustee market is continuing to grow, but at a markedly slower pace, says Hymans Robertson in its latest report on the professional corporate sole trustee market.
Data released today by HMRC estimates that for 2023-24 there were 8.16 million Income Tax payers over the State Pension Age, an increase of over a million on the previous year (7.13 million for 2022-23). HMRC also projects that for 2026-27 there will nearly be a further 1.5 million Income Tax payers over State Pension Age with the number estimated to reach 9.58 million. The Personal Allowance Income Tax threshold has been frozen at £12,570 since April 2021, with the Chancellor recently extending this freeze until April 2031.
Chancellor Rachel Reeves delivered her third Mansion House speech last night (14 July).Andy Burnham is set to become the next prime minister as early as next week after securing the backing of the vast majority of Labour MPs.
Pension Insurance Corporation plc (‘PIC’), a specialist insurer of defined benefit pension schemes, has completed the buyout of all 36,000 members of the Rolls-Royce UK Pension Fund (“the Fund”), just nine months after signing a £4.3 billion full buy-in with the Trustee.