Pensions - Articles

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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

Retirement adequacy increasingly a business planning risk

Employers risk being caught out by rising costs and workforce planning challenges if they fail to address retirement adequacy, warns Hymans Robertson.
Posted on Wednesday Aug 12

15 of the most common SIPP questions answered

Self-invested personal pensions (SIPPs) have been around since 1990, but have evolved over that time. They offer a huge range of investment options and real flexibility – and there’s also a Junior SIPP for children under the age of 18. However, there are some rules you need to get to grips with around allowances, how you withdraw from a SIPP, employer contributions, and what happens after you die. AJ Bell has looked at and answered some of the most common SIPP questions people have asked in the past year, based on data from Google Search Console, Semrush and Peec AI
Posted on Tuesday Aug 11

Industry comments on latest PPF7800 Index for July 2026

Broadstone and Gallagher comment on the aggregate surplus of the 4,838 schemes in the PPF 7800 Index improved through July 2026, increasing by £7.3 billion to reach £271.3bn (end of June: £264.0 billion) in surplus. Over the past year, the aggregate surplus has risen by £34.1bn. The funding ratio also grew by 1.9pp from 131.1% to 133.0% at the end of July, while the number of schemes in surplus saw a small increase to 3,821 representing nearly four in five (79.0%) of all schemes in the universe.
Posted on Tuesday Aug 11

PPF publish latest PPF7800 Index figures for July 2026

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 Aug 11

Expert backed AI earns pension savers trust

Almost one in three (30%) people trust AI tools to help with their pension. Eight out of 10 of them (80%) trust AI from regulated financial experts, Almost a third (31%) would take AI-based information on big financial decisions to a financial adviser and one in four (24%) would speak to their pension provider
Posted on Tuesday Aug 11

Women continue to lag behind men in workplace pension saving

Average female employee contributed £310 less into their workplace pension in 2025 than male employee. Female employees missing out on £12,400 in contributions over 40 year career. Employers can play a key role in improving retirement outcomes for women by encouraging pension saving throughout careers
Posted on Tuesday Aug 11

DB Pensions adopt objective-led approach to endgame planning

A recent Society of Pension Professionals (SPP) roundtable of industry professionals has highlighted a fundamental shift in pension scheme decision-making amidst £160bn in aggregate surpluses and evolving regulatory options.

Posted on Thursday Aug 6

Whose surplus is it anyway?

Disputes over DB scheme surpluses are set to grow unless employers and trustees address questions over ownership, claims Hymans Robertson.
Posted on Thursday Aug 6

Call to use existing transfer technology to fix LoA problem

Pension Lab has demonstrated that open standards transfer technology can also support the validation of and responses to Letters of Authority.The approach uses infrastructure already supporting pension, SIPP and ISA transfers, rather than requiring providers to build a new system or join another network.Open standards transfer tech is currently used by more than 150 financial institutions.
Posted on Thursday Aug 6

Who can spot a pension scam?

Three in five (60%) are either incorrect or unsure whether pension providers or advisers can cold call about pension opportunities. Two in five (40%) believe you can withdraw money from your pension at any age or said they did not know. One in five (20%) say a professional-looking website and positive online reviews are reliable indicators that a pension opportunity is genuine, while 20% are unsure. Standard Life highlights how scammers exploit uncertainty around pensions and urges savers to look beyond polished websites, online reviews and social media adverts
Posted on Wednesday Aug 5

Tribunal upholds FCA ban on pair in pension transfer advice

The Upper Tribunal upheld the FCA's decision to ban Richard Fenech and Heather Dunne from working in financial services. The Tribunal agreed that both acted dishonestly by providing a backdated appointed representative agreement to the FCA.
Posted on Wednesday Aug 5

Smaller pensions continue to seize buy-in opportunities

Small defined benefit pension schemes are continuing to benefit from favourable conditions in the bulk annuity market, with well-prepared schemes increasingly able to secure competitive buy-in transactions, according to Quantum Advisory.
Posted on Tuesday Aug 4

Pension engagement rising but retirement decisions difficult

Regular reviewing of pensions has risen from 38% in 2024 to 45% in 2026, while the proportion who never review their pension fell from 21% to 11% overall, according to new member research from TPT. Active members were also more likely to change their target retirement age, rising from 11% to 16%, and to look into investments or investment choices, increasing from 16% to 24%. However, among members aged 50+, 47% did not know whether they planned to take a lump sum. Among those not taking all their pension in one go, just over half, 52%, were uncertain what they would do with the remainder.
Posted on Tuesday Aug 4

The life moments dashboards will matter most

Nearly half of pensions professionals expect dashboards to be used primarily at key life moments such as retirement or job changes, according to new polling from WTW. The findings point to a decisive shift away from continuous engagement towards more targeted, event-driven use.
Posted on Monday Aug 3

PPI publish their Pensions Primer for 2026

The Pensions Policy Institute (PPI) is delighted to announce the launch of the latest edition of the UK Pensions Primer 2026/27 – our comprehensive annual guide to the UK pensions system.
Posted on Monday Aug 3

TPR accepting applications for multi-employer CDC schemes

Applications to The Pensions Regulator for multi-employer Collective Defined Contribution (CDC) pension schemes open today, marking an important milestone in the development of CDC pensions and the next stage in their availability across the UK pensions market.
Posted on Friday Jul 31

Comment on CDC authorisation from TPR

Commenting on the opening of CDC authorisation from TPR, Paul Waters, Head of DC Markets, Hymans Robertson, said: “The opening of the authorisation process for multi-employer whole of life CDC schemes is a major and welcome milestone.
Posted on Friday Jul 31

Scale is a clear differentiator in workplace pensions

More than half (51%) of advisers believe scale is an increasingly important differentiator between workplace pension providers; just 8% disagree. Only 11% believe smaller providers can compete effectively with larger schemes. However, a quarter (25%) say scale delivers operational advantages, but not necessarily better retirement outcomes. Just 9% believe increasing provider scale directly improves member outcomes

Posted on Friday Jul 31

Pension withdrawals up £3.8bn risking unsustainable drawdown

HMRC have released its annual private pension statistics, revealing that pension withdrawals continue to rise, now exceeding £124.7 billion since flexibility changes were introduced in 2015.
Posted on Thursday Jul 30

2025/26 taxable flexible payments from pensions hit £22.4bn

The latest HMRC data published this morning finds that the total value of taxable payments withdrawn flexibly from pensions since pension freedoms was introduced in 2015 has exceeded £124.7 billion
Posted on Thursday Jul 30

SPP launches AI Governance Framework for Pensions Industry

The Society of Pension Professionals (SPP) has launched a comprehensive practical framework to guide pension scheme trustees, advisers, and administrators through responsible AI leadership. The new guide addresses the operational realities of widespread artificial intelligence (AI) usage across the pensions industry.
Posted on Thursday Jul 30

DB pension surpluses must be viewed as strategic assets

Hughes Price Walker has said trustees should view Defined Benefit (DB) pension surpluses as strategic assets, rather than simply opportunities for surplus release, with decisions balancing member security, employer objectives and long-term scheme resilience.
Posted on Wednesday Jul 29

More people are living to 100: 5 ways to plan your pension

Britain is becoming a nation of centenarians, yet many people are still planning on funding retirement as though they will live for little more than two decades after stopping work, PensionBee has warned.
Posted on Wednesday Jul 29