UK Archives - Pension Policy International

19JunJune 19, 2026

AI In Pensions: The Pensions Regulator Sets Out Its Views

The Pensions Regulator (TPR) has published a plan providing guidance on how AI should be used by the pensions industry (the Plan). The Plan also outlines TPR’s role in, and approach to, overseeing the adoption of AI by pension schemes. Further guidance on the responsible adoption of AI is expected to come later in 2026. Trustees and their service providers may be using AI-driven processes in pensions contexts such as member benefits calculations, transfer requests, or communications, as well as internal and...

June 19, 2026

NewsAI, Regulation, UK

17JunJune 17, 2026

British pensions giant reducing US exposure over tech risks

Britain's biggest pension asset owner, the Border to Coast Pensions Partnership (B2C), is reducing its allocation to U.S. ‌assets by up to 10% due to concerns about overexposure to a small number of Silicon Valley giants, an executive at the fund said on Tuesday. B2C, which oversees around £120 billion ($161 billion) worth of local government pension assets globally, is shifting its weighting by about 5%-10% from investments in the U.S. to Europe and Asia, its chief investment officer, Joe...

June 17, 2026

NewsInvestment, UK

17JunJune 17, 2026

UK to review pension transfer rules after unusual deal

Britain will review defined benefit pension transfer rules after a novel deal saw an ‌asset manager take on a scheme's assets and liabilities in an unanticipated use of existing legislation, a government minister said on Tuesday. Torsten ⁠Bell, a junior minister in the finance and pensions departments, said the deal used a flexible apportionment arrangement – a mechanism introduced in 2012 to allow pension liabilities to be reassigned during corporate restructurings without triggering ‌employer ⁠insolvency. Bell said the asset manager used...

June 17, 2026

NewsRegulation, UK

12JunJune 12, 2026

How does private pension saving change for workers moving from employee jobs into self-employment?

By Jonathan Cribb & Laurence O'Brien Self-employed workers make up a significant part of the UK workforce, with over one-in-eight workers in self-employment. However, there are long-standing concerns about low levels of pension saving among this group: only 20% of working-age self-employed workers were saving in a private pension in 2022–23, compared with around 80% of employees (Department for Work and Pensions, 2025a). The trends in pension participation differ markedly between the two groups. In the late 1990s, almost 50%...

June 12, 2026

Books, Books, Labor Market, Reports2026, Informal Sector, Private Pensions, savings, UK

12JunJune 12, 2026

UK. Pension saving plummets when employees move into self-employment

Currently, only around one-in-five self-employed workers save into a private pension, compared with around four-in-five employees. There is widespread agreement that there is an urgent need for policies addressing low pension participation among the self-employed, as recently highlighted by the Second Pensions Commission. A key potential moment for such policies is the point when employees move into self-employment. Currently, even among employees consistently saving in a pension, more than three-quarters stop saving in a pension once they start being self-employed. This...

June 12, 2026

Newssavings, UK

10JunJune 10, 2026

UK. Smart Pension surpasses £10bn AUM

Smart Pension has surpassed £10bn in assets under management (AUM), meeting the government’s first ‘scale test’ ahead of the 2030 timeframe. The pension provider manages the pensions of two million members and 100,000 employers across the UK, and described the £10bn AUM mark as a “major milestone”. It is on track to meet the future mandatory scale thresholds, as set out in the Pension Schemes Act, having now surpassed the government’s initial £10bn AUM threshold ahead of the 2030 deadline and...

June 10, 2026

NewsPension Management, UK

05JunJune 5, 2026

The war on Iran could send UK pensions up in smoke

As a barrage of Iranian missiles rained down on the Fujairah oil terminal, the explosion was deafening and the destruction dramatic: a brutal fire, thick black smoke stretching into the sky – and untold damage to one of the region’s crucial pieces of fossil fuel infrastructure. The Fujairah terminal is part of the UAE’s key oil export route because it bypasses the Strait of Hormuz, loading up ships with about 1.7 million barrels per day. The attack on 4 May...

June 5, 2026

NewsInvestment, UK

03JunJune 3, 2026

Pensions UK backs action on adequacy as retirement living costs increase

The latest Retirement Living Standards (RLS) update from Pensions UK has highlighted the scale of the retirement savings challenge facing UK workers, as the Pensions Commission considers whether minimum automatic enrolment contribution rates should rise in future. The annual standards, calculated by the Centre for Research in Social Policy at Loughborough University, show that a minimum retirement lifestyle now costs £13,900 (€16,000) a year for a single-person household and £22,500 for a two-person household. A ‘moderate’ lifestyle costs £32,700 and...

June 3, 2026

NewsAdequacy, UK

01JunJune 1, 2026

UK. Around one in eight young adults feel pension engagement is ‘pointless’

Around one in eight (12 per cent) young adults, equivalent to approximately 2.2 million people, feel engaging with their pension is pointless because they will never be able to retire, research from People’s Pension has shown. It described this group as ‘Nerds’ – the Never Ever Retiring Demographic – and warned the industry was failing to connect with them. The research found that 47 per cent of young adults aged 18 to 27 were not engaged with their pension, and 12...

June 1, 2026

NewsBehavioral Science, Engagement, UK

01JunJune 1, 2026

Later parenthood and weak pensions put Gen X at risk

Later parenthood and weak pensions put Gen X at risk Why timing matters: Later parenthood can mean child costs overlap with prime pension-saving years, delaying retirement readiness. Property no safe bet: Gen X’s higher property ownership offers less security as house price growth lags behind inflation and market returns. Pension gaps widen: Missing out on generous past schemes and starting saving late leaves many Gen Xers exposed to future income shortfalls. Generation X entry into workforce after defined benefit pension schemes ended Generation X began their working...

June 1, 2026

NewsRetirement Planning, UK

June 2026