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34 percent unsure how much to contribute to their pension

34% of people said didn’t know how much they had to contribute to their pensions every year to give themselves a decent income in retirement. 18% of people said they should be saving somewhere between 6-10% of salary per year. A further 17% said between 11-15% per year. Only 14% of higher rate taxpayers said they were unsure, compared to 35% of basic rate taxpayers. However, the latest data from HL’s Savings and Resilience Barometer shows higher earners are at risk of under-saving.
Posted on Tuesday Nov 11

Comments on latest PPF 7800 Index figures for October 2025

Standard Life, Broadstone and Gallagher comment on the Pension Protection Fund’s 7800 Index November update on the latest estimated funding position for all PPF-eligible defined benefit pension schemes. The aggregate surplus of the 4,969 schemes in the PPF 7800 Index increased by £16.2 billion through October 2025, rising to £271.3 billion in surplus. The funding ratio rose by 0.7 percentage points to 129.8% and the number of schemes in surplus rose to 3,844 representing more than three-quarters (77.4%) of all schemes in the universe.

Posted on Tuesday Nov 11

PPF publish latest PPF 7800 Index figures for October 2025

This update provides the latest estimated funding position, based on adjusting the scheme valuation data supplied to The Pensions Regulator as part of the schemes’ annual scheme returns, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).
Posted on Tuesday Nov 11

Move backed to embed financial literacy into curriculum

Quantum Advisory welcomes the announcement that financial literacy will be taught to all pupils in England.
Posted on Monday Nov 10

Fifth of young people think £100k needed for good retirement

More than one in eight people (13%) believe that they would personally need £100,000+ per year for a good standard of living in retirement. Nearly half (48%) of younger adults expect to still be paying rent or a mortgage in retirement. Over a quarter (26%) report anxiety after checking their pension balance, and 15% feel it’s either too late, or too early to make meaningful changes. More than 1 in 8 people in the UK (13%) believe they would personally need £100,000+ each year for a good standard of living in retirement, according to new research from Royal London.
Posted on Monday Nov 10

Response to new TPR enforcement strategy

The Society of Pension Professionals (SPP) has responded to The Pension Regulator’s current consultation on its enforcement strategy by expressing its support for the broad thrust of the proposed changes.
Posted on Monday Nov 10

Changing the inner workings of salary sacrifice

Mike Ambery, Retirement Savings Director at Standard Life said: “This is being billed as a Budget of tough choices, so it isn’t surprising the government is looking at salary sacrifice arrangements, which are typically offered by larger private sector employers.
Posted on Monday Nov 10

No tax free cash cuts but salary sacrifice change looms

Reports over the weekend suggest that the Chancellor will not make changes to tax-free cash in the Budget. It has also been reported that she is drawing up plans to make changes to use of salary sacrifice for pensions contributions. Options include capping the amount of someone’s salary that can be sacrificed into a pension without incurring National Insurance payments to £2,000 a year. It has also been suggested that employers may see changes to the exemption that means they don’t pay National Insurance on the portion of salary that goes towards employee pensions. This would be a further increase in employer costs which could see them cutting back on future pay increases or opting against boosting pension contributions.
Posted on Monday Nov 10

Stark warning against tinkering with pensions and IHT

Lisa Picardo, Chief Business Officer UK, comments, as the Government’s Autumn Budget looms, on the ramifications of rumoured policy changes and their potential impact on savers.
Posted on Friday Nov 7

Funding holds steady ahead of November Budget

Fully hedged scheme sees funding position increase by 0.9 percentage points to 72.5% at the end of October. 50% hedged scheme sees fall of 0.6 percentage points to 109.1% at the end of October. Benefits of hedging show during October as the fully hedged scheme continues to progress compared to the 50% hedged scheme which falls back in the face of falling gilt yields.
Posted on Friday Nov 7

Do not let Budget fears derail your pension planning

Steven Cameron, Pensions Director at Aegon UK, comments ahead of the Autumn Budget on 26 November urging both individuals and the Chancellor to ‘remember the positives of pensions’.
Posted on Friday Nov 7

Dovish hold from BoE as rates plays second fiddle to Budget

Comments from Rathbones and LCP on Bank of England rate hold ahead of the Budget as tone of commentary provides ‘small boost to equities and gilts’
Posted on Thursday Nov 6

Making CDC work in the UK

The Pensions Policy Institute (PPI), the UK's leading independent authority on pensions and retirement policy, in collaboration with Kings College London (KCL), has published the findings of a research project investigating how Collective Defined Contribution (CDC) schemes can work in the UK, revealing a reimagined CDC scheme design could deliver 75% more in retirement outcomes than a traditional defined contribution (DC) scheme upon retirement.
Posted on Thursday Nov 6

TPR secures full benefits for Box Clever pensions members

All 2,800 members of the Boxclever Group Pension Scheme have transferred to the ITV Pension Scheme following action taken by The Pensions Regulator in one of its longest running cases.
Posted on Thursday Nov 6

Salary Sacrifice for Pensions

The Society of Pension Professionals: “Changing salary sacrifice arrangements would lead to a reduction in take home pay for millions of employees”
Posted on Thursday Nov 6

LGPS funds in strong support of local investment

There’s strong support for local investment amongst, heads of fund and officers in England and Wales LGPS, but significant practical challenges dominate, according to research from Hymans Robertson.
Posted on Wednesday Nov 5

Twice as likely to save for a holiday as for their pensions

Saving for a holiday is twice as much a priority for UK adults (31%) as saving into a pension (15%), with almost a third (28%) admitting they prefer to ‘live for today’ than plan for tomorrow
Posted on Wednesday Nov 5

LGBTQ+ inclusion in the pensions industry

In the latest of its Inclusive Futures collection of articles, the Society of Pension Professionals (SPP)has published a paper on the subject of LGBTQ+ inclusion.
Posted on Tuesday Nov 4

DB trustees divided on surplus reform as buyout gains appeal

Two fifths of trustees uncomfortable with proposed surplus reforms in Government’s Pension Schemes Bill, new Standard Life research reveals. Trustees split on how sponsoring employees might use funds if released
Posted on Tuesday Nov 4

UK drops another place in Global Pension Index rankings

The UK has dropped another place in the Mercer CFA Institute’s Global Pension Index. The UK’s pension system has been ranked as the 12th best system in the world, dropping one place since 2024. The Netherlands, Iceland and Denmark have held onto their spots in the top three for another year.
Posted on Monday Nov 3

So you have taken your pension tax free cash so what now

What to do with a lump sum and how to build a pension back up. Evelyn Partners experts warn: ‘If you didn’t have a plan or purpose for your tax-free lump sum cash, then you need one to protect it from tax and inflation. Even though you can’t just put it back into your pot, it is still possible to build your pension savings back up…’
Posted on Monday Nov 3

HMRC pension overtaxation claims hit landmark £1.5 billion

Brits reclaimed £48.5 million in overtaxation on pension withdrawals in July, August and September 2025, the latest HMRC figures reveal. Over 13,700 reclaim forms were processed during the quarter, with an average reclaim of £3,539. More than £1.5 billion has now been reclaimed by people overtaxed on pension withdrawals since 2015. How taking a small withdrawal at the start of the tax year could ease overtaxation pain. Alternatively, savers can fill out one of three HMRC forms and get their money back within 30 days.
Posted on Thursday Oct 30

Almost a million retirees miss out on vital Pension Credit

DWP data on Pension Credit take up reveals that up to one million pensioner families could be losing out on an average of £2,600 a year in Pension Credit – benefit income they are eligible to receive.
Posted on Thursday Oct 30

Face the fear this Halloween

One in ten (10%) are too scared to check their pension. Nearly half (47%) believe their retirement finances are influenced by forces beyond their control. For those who check and take action, a 3% pension contribution increase could boost your retirement pot by £26,000. Standard Life offers tips for a less chilling retirement

Posted on Thursday Oct 30

LGPS pension funding now at 146 percent

Funding of the Local Government Pension Scheme has gone from strength to strength, growing to 146% of its total liabilities, according to First Actuarial’s 2025 survey of housing associations’ FRS 102 financial reporting returns.
Posted on Wednesday Oct 29