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Retirement blind spots risk savers being short at retirement

Over a third of workers over-50 don’t know what to do about pension savings. 64% of retirees cash out tax-free lump sum age 55. One in five (19%) over-50s will only seek advice in year they retire
Posted on Wednesday Sep 2

760,000 matured Child Trust Funds remain unclaimed

Thousands of young adults could be sitting on a forgotten pot of savings as they head back to college and university. As students return to college and university this month, the FCA is urging young adults and parents to check whether they have a forgotten Child Trust Fund waiting to be claimed – potentially worth thousands of pounds.
Posted on Wednesday Sep 2

DB trustees report 34% average rise in scheme running costs

Trustees reported an average increase of 34% in Defined Benefit scheme running costs over the past 12 months. Nearly half (44%) of trustees overseeing schemes with £1bn or more in assets under management reported that their scheme’s running costs had increased by more than 50% over the past year, compared with 7% of trustees overseeing schemes below £1bn. Legal services were identified by 37% of trustees as the area seeing the largest absolute cost increase, followed by technology and data services, cited by 34%.
Posted on Wednesday Sep 2

Could £59 a month turn into £1 million?

As students head back to school, college and university this month, PensionBee urges families to track down £1.5bn in forgotten Child Trust Funds and highlights how starting early could help your child build a substantial pension for the future.
Posted on Tuesday Sep 1

LGPS National Knowledge Assessment registrations now open

Hymans Robertson’s newly updated 2026 National Knowledge Assessment (NKA) is now open to LGPS funds. The assessment has been updated in line with the new mandated training requirements for Committee members of English and Welsh LGPS funds.
Posted on Tuesday Sep 1

PMI launches new evidence-based qualification

The Pensions Management Institute (PMI) has unveiled a new evidence-based qualification to recognise the vital importance of experienced pensions administration professionals in driving better outcomes for savers.
Posted on Tuesday Sep 1

Government must balance member protection on DB surplus

Government must balance member protection and practical usability as consultation closes for DB surplus flexibility reforms. The consultation on DB surplus extraction closes on 2 September. Policymakers urged to avoid ‘pitfalls’ that could erode long term planning and member protections.
Posted on Friday Aug 28

Government must give more guidance on multi-employer schemes

TPT Retirement Solutions (TPT), one of the UK’s leading workplace pension providers, has submitted its response to the Department for Work and Pensions’ (DWP) consultation on Surplus Flexibilities for Defined Benefit (DB) Pension Schemes.
Posted on Thursday Aug 27

DC strategies rebound as providers maintain long-term focus

All growth-phase strategies delivered positive returns in Q2 following a volatile start to 2026. Dispersion in returns continues to highlight the importance of strategic default design. At-retirement outcomes demonstrate the role of diversification alongside equity exposure
Posted on Thursday Aug 27

Comment on FCA AI findings: Pensions are no exception

As the FCA finds young investors increasingly turning to AI, Standard Life research shows 29% of 18-34s have used it for pension and retirement information
Posted on Thursday Aug 27

The retirement reality gap

56% of UK adults feel hopeful or excited about retirement. Just 16% have worked out what they will need and feel confident of getting there.
38% have no idea how much they will need. But nearly half of that group feel confident anyway.
47% put the cost of a comfortable retirement at £30,000 a year or less, at least £15,400 short of the Pensions UK benchmark.
32% of those who feel they started too late say they simply could not afford to engage sooner.

Posted on Wednesday Aug 26

Pension surplus options open before April 2027 flexibilities

Aon has found in its 2026 Surplus Use and Member Distribution Survey that for most UK defined benefit (DB) schemes, the treatment of surplus remains undecided as they consider their options ahead of the surplus flexibilities due to be announced in April 2027.
Posted on Wednesday Aug 26

Rise of the ‘golden gap year’

As the final bank holiday of the summer approaches, PensionBee looks at the growing appeal of taking a gap year later in life and the financial checks to make before packing your bags. The so-called “golden gap year” is an extended break in your 50s, 60s or beyond, offering the chance to travel, volunteer, learn something new or simply take some breathing space after decades of work and family responsibilities.
Posted on Tuesday Aug 25

Scale Policy timeline risks paralysis and harming innovation

The Society of Pension Professionals (SPP) has submitted its response to the Department for Work and Pensions (DWP) discussion paper on key elements of the Scale Policy, warning that an extended regulatory timeline risks creating paralysis in industry planning, stifling innovation, and compressing execution risk as the 2030 deadline approaches.
Posted on Tuesday Aug 25

Two-thirds of typical pension pot is from investment growth

£65,000 of a typical £100,000 pension pot comes from compound investment growth over time, compared to £18,000 in individual contributions. Yet only one in four (25%) people believe investment growth is the main driver of the final value of their pension pot, compared with two fifths (39%) who believe individual contributions make the biggest difference. This comes as one in five (21%) admit they consider retirement planning as something to worry about later
Posted on Monday Aug 24

What could PM Andy Burnham mean for markets and your pension

As Prime Minister Andy Burnham tours Britain in “listening mode”, shaping a 10-year plan to “bring back hope”, PensionBee looks at nearly 30 years of stock market history to ask whether who occupies No 10 really matters to your retirement savings.
Posted on Monday Aug 24

Draft framework for unlocking DB scheme surplus welcomed

The Society of Pension Professionals (SPP) has welcomed the Department for Work and Pensions’ draft Regulations on surplus flexibilities for DB pension schemes, saying they provide an appropriate framework for well-funded schemes to release surplus while protecting members.
Posted on Thursday Aug 20

Wage data likely to be key factor in triple lock uplift

Average earnings (including bonuses) for April-June stands at 4.1%. Next month’s figure is used as part of the formula to determine the increase in the state pension, in April. Other key data points are 2.5% or the September inflation figure (published in October). With inflation at 2.6%, it seems likely that next month’s average wage figure will be used. The state pension forms the foundation of your retirement income but if you want more than the essentials from your retirement, you will need to make the most of your pensions.
Posted on Tuesday Aug 18

Smaller pensions must prepare for wide usage of dashboards

Limited resources and historic data gaps could leave smaller schemes facing disproportionate operational pressure, as trustees urged to address data weaknesses ahead of public availability of the MoneyHelper Pensions Dashboard, currently expected in the financial year 2027/28.
Posted on Tuesday Aug 18

3 life events that could knock your retirement off course

Retirement adequacy is no longer just about how much you’ve saved but is increasingly shaped by family obligations, silver separations and caring responsibilities. According to a major new report by the Pensions Policy Institute for the Association of British Insurers, titled Pensions Adequacy: Housing, Households and Auto-Enrolment, changing family dynamics are creating new pressures that could leave more people falling short in retirement.
Posted on Monday Aug 17

Call for fairness and transparency in general levy's reforms

The Society of Pension Professionals (SPP) has submitted its response to the Department for Work and Pensions (DWP) consultation on The Occupational and Personal Pension Schemes (General Levy) Regulations review 2026.
Posted on Monday Aug 17

Growth focused pension strategy improves July 2026 funding

The ‘growth focused’ scheme funding improved from 93.1% at the end of June to 94.1% by the end of July. However, the ‘matching focused’ scheme funding remains the same at 89.9%. The Broadstone Sirius Index – a monitor of how various pension scheme strategies are performing on their journeys to low dependency – posts its latest update.
Posted on Thursday Aug 13

Taxable pension withdrawals top £75bn for under 65s

Analysis of HMRC data by Lumera, finds that 2.4 million people first took a taxable flexible pension payment when they were under the age of 65, since the inception of ‘pension freedoms’ in 2015.
Posted on Thursday Aug 13

Two thirds expect to rely on the state pension in retirement

Two thirds of people admit they will rely on the state pension ‘to some extent’ in retirement. Almost one-in ten say they will be totally dependent on the benefit. Almost one in five say they will be heavily reliant on it. 14% of people say they are unsure. Women (68%) say they are more reliant on state pension than men (64%). Building up your pension is the best way to reduce dependence on the state pension and give you flexibility when you decide to retire.
Posted on Wednesday Aug 12

Reforms vital to guard pensions in divorce and cohabitation

The Society of Pension Professionals (SPP) has submitted its response to the Ministry of Justice consultation, “A fairer end to relationships”, calling for the modernisation of how pension assets are treated on the breakdown of marriages and cohabiting relationships.
Posted on Wednesday Aug 12