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Just 8% think current pools and funds denote LGPS end state

Local Government Pension Scheme (LGPS) funds and pools are increasingly moving their attention from reform to implementation under the new Fit for the Future initiative, according to the 2026 annual LGPS Survey, published by Schroders in collaboration with Room151.

Posted on Wednesday Nov 4

Significant governance gaps between small and large pensions

Small pension schemes have less developed arrangements to spot and manage risks to members' savings, according to new research by The Pensions Regulator (TPR). The latest report from the regulator found only 27% of small defined contribution (DC) pension schemes have formal governance arrangements in place compared with 94% of large DC schemes and 89% of master trusts.
Posted on Wednesday Nov 4

Higher pay not enough: 1 in 5 face retirement shortfall risk

The Pensions Policy Institute (PPI), the UK's leading independent authority on pensions and retirement policy, has today published its annual update to the UK Pensions Framework, with new modelling showing a fifth (20%) of the UK working population face retirement adequacy risks despite relatively high earnings.
Posted on Wednesday Nov 4

Poll reveals reveals industry views on retirement solutions

New polling from the Society of Pension Professionals (SPP) highlights industry expectations for the future of retirement solutions and priorities for delivering better member outcomes, following its ‘Death of the DC Flight Path’ event this week.
Posted on Wednesday Nov 4

Comment on Government pension plans

The Government has today published its Guided Retirement proposals which include plans to bring back pensions that pay an income, often inflation protected, for the entirety of retirement without the need for complex financial decisions. It is also publishing its response to the policy consultation on Retirement Collective Pension Schemes (RCPS), alongside draft regulations to enable providers to offer them as a default pension, which aims to pool risk to deliver stability and growth and providing a fully managed pension people can rely on for life.

Posted on Tuesday Nov 3

Comments on DWP Guided Retirement Consultation

Hymans Robertson, Legal and General, Standard Life and the PMI comment on the Guided retirement: policy consultation launched by DWP
Posted on Tuesday Nov 3

Resurrecting pensions for millions of private sector workers

Hymans Robertson, SPP and Torsten Bell comment on the news from DWP today ‘New plans “resurrect” genuine pensions for millions of private sector workers’,
Posted on Tuesday Nov 3

Workplace pensions must evolve for younger workers

Almost half (45%) say immediate financial pressures are preventing younger workers from prioritising long-term saving. More than a third (37%) believe younger employees increasingly see a comfortable retirement as unrealistic, while 36% say they are less engaged with pensions than previous generations. More than a third (36%) say the pensions industry has not adapted quickly enough to changing workforce expectations. A third (33%) believe better financial education from a younger age could have the greatest impact on future retirement outcomes

Posted on Tuesday Nov 3

Responses to TPRs AI guidance

SPP, Aon and Sackers respond to The Pensions Regulator's AI Guidance
Posted on Friday Oct 30

Small Pots stronger safeguards

Responding to the current government consultation on small DC pension pot consolidation, the Society of Pension Professionals (SPP) has called on the Government to strengthen its proposals, warning that effective implementation will depend on robust safeguards, reliable data and consolidators’ ability to deliver good outcomes for members.
Posted on Thursday Oct 29

TPR urges schemes to embrace AI opportunities responsibly

The Pensions Regulator (TPR) has published new guidance encouraging trustees of pension schemes to explore how artificial intelligence (AI) could deliver better member outcomes while understanding and managing risks.
Posted on Thursday Oct 29

The Top Annuity Myths Busted

Nearly a third (30%) of UK adults aged 50 and over feel annuities are too difficult to understand, with women more likely to feel unsure than men. 17% mistakenly believe annuity funds cannot be passed on after death. One in five (20%) incorrectly believe annuities are only available once they have fully stopped working. L&G has launched a new ‘Annuity Myth Busters’ to address common misconceptions around annuities and how they work

Posted on Thursday Oct 29

Dashboard connection deadline imminent next phase vital

With the long awaited deadline for connecting to the MoneyHelper Pensions Dashboard now imminent, in the below comment, Lumera discusses what schemes must do next to ensure they are ready for public launch and can deliver a seamless experience for members.
Posted on Thursday Oct 29

Budget is one step forward two steps back for entrepreneurs

The Autumn Budget risks undermining the Government’s ambition to help British entrepreneurs start, scale and stay in business, sending mixed messages with changes to the tax framework, PensionBee has warned.
Posted on Thursday Oct 29

New Pensions Tax Allowance as State Pension rise confirmed

Patrick Thomson, head of research analysis and policy at Standard Life Centre for the Future of Retirement comments: “Confirmation in the budget documents that the State Pension will increase by 3.9% next April will be welcome news for millions of pensioners, but it also means the full new State Pension will rise to £13,036.40, overtaking the frozen £12,570 Personal Allowance.
Posted on Wednesday Oct 28

Budget 2026 reveals future legislation for DC consolidation

As part of the Budget 2026, the government has announced that it will introduce legislation in a future Finance Bill to support the consolidation of Defined Contribution. This will also include the introduction of Guided Retirement and Retirement-only Collective DC (RCDC) schemes. The details can be found in the link below.
Posted on Wednesday Oct 28

Budget 2026 gives improved pension access to terminally ill

Jenny Holt, Product Director at Standard Life, said: “This is a welcome and compassionate change which should make it easier for people facing terminal illness to access their own pension savings when they need them most.
Posted on Wednesday Oct 28

Pensions in the Budget 2026

Broadstone and Hymans Robertson comment as there was little substantial change to the pensions system announced in today’s Autumn Budget. The Chancellor confirmed changes to the Triple Lock previously announced by the Prime Minister and announced a new Pension Tax Allowance to shield pensioners with income up to the value of the full new State Pension from incurring income tax.
Posted on Wednesday Oct 28

3.9% rise in Living Wage boosting pension contributions

Kate Smith, Head of Pensions at Aegon, comments on the 3.9% increase to the National Living Wage from £12.71 per hour to £13.20 an hour for over-21s effective April 2027:
Posted on Wednesday Oct 28

No further pension tinkering as Chancellor weighs tax rises

Isio experts outline their expectations for the Autumn Budget, examining developments in pensions taxation, personal financial planning, employee benefits and DC investment. Ahead of tomorrow’s Autumn Budget, the Chancellor faces mounting pressure to balance the public finances with the Government’s ambitions for economic growth.
Posted on Tuesday Oct 27

Looking into the Budget crystal ball

Standard Life considers what could be lurking in the Chancellor the Exchequers’ red box – and why the biggest opportunity for pension savers lies beyond Wednesday’s announcement. With Halloween just around the corner, the Chancellor of the Exchequer is preparing to reveal what lies ahead for the nation’s finances in Wednesday’s Budget. Pressure on the public purse and difficult tax and spending decisions mean there is plenty for savers to watch as the announcement approaches.
Posted on Tuesday Oct 27

Pension flexibility has hidden risk to millions of retirees

Default retirement options in new legislation risk exposing millions of UK pensioners to financial losses, according to a new report by BIT (the Behavioural Insights Team), commissioned by the Institute and Faculty of Actuaries (IFoA).
Posted on Tuesday Oct 27

Comment on reported pension tax changes

Reports suggest the Chancellor will use the Budget on Wednesday to raise the tax-free allowance for low-income pensioners to match the full new State Pension, ensuring those who rely solely on their State Pension do not pay income tax. The allowance would then rise in line with future State Pension increases over the course of the current Parliament.
Posted on Monday Oct 26

Cautious Carl and Secure Sue are nervous pension savers

Nearly half (46%) of over-50s prioritise security or making their pension last. A further quarter (23%) plan to phase into retirement while carefully using their pension. Caution dominates with just 8% feeling confident about managing their pension themselves and only 3% planning to spend their savings more freely in early retirement. The findings reveal distinct retirement ‘personas’, suggesting different savers need different types of support and engagement to boost pensions confidence
Posted on Monday Oct 26

State Pension could reach £33,000 a year by 2050

The proposed changes to triple lock could enable the state pension to reach £33,000 by 2050, while still reducing government spending by 4.6% within 25 years, according to analysis from Hymans Robertson.
Posted on Friday Oct 23