UK Archives - Page 10 of 196 - Pension Policy International

22MayMay 22, 2026

UK Pensions | The Mansion House agenda: a legislative turning point

When we last examined the Mansion House agenda in January (see here), we noted the tension between voluntary commitments to UK and alternative asset investments and the trade-offs inevitably involved when changing investment strategy. In the background there loomed the prospect of a sweeping reserve power in the Pension Schemes Bill, by which the Government could mandate investments in certain assets (commonly referred to as the “mandation” power). Things have now moved on. The Bill is now the Pension Schemes Act...

May 22, 2026

NewsRegulation, UK

21MayMay 21, 2026

Why millions of Britons face a pension cliff edge

In today’s newsletter: A new report warns that many in the UK are under-saving for later life, leaving some with little choice but to work longer. Good morning. I am going to whisper this gently so you don’t get spooked back under the duvet – there is a good chance that you are one of at least 15 million Britons not saving adequately for retirement. That is according to a report published this week by the Pensions Commission. The pensions “cliff edge” is...

May 21, 2026

NewsAdequacy, Pension design, savings, UK

20MayMay 20, 2026

UK. Asking people to save 12% of salary into pensions could tackle looming retirement poverty crisis

Poverty in retirement could be drastically reduced if minimum work pension contributions were boosted, a new report finds. Some 12.2 million people or nearly a third of adults face hardship in later life on current forecasts. That is the number of people heading for an income of less than the Pensions UK benchmark for a basic standard of living - £13,400 if you are single or £21,600 for a couple. The figures do not account for income tax, housing or care costs. However,...

May 20, 2026

NewsAdequacy, Pension design, savings, UK

19MayMay 19, 2026

Millions of Britons not saving enough for retirement, warns Pensions Commission

Report highlights ‘stark’ issue of self-employed workers struggling to save for later life. Millions of Britons are not saving enough under the current pension system, a government-backed commission will announce in an interim report published on Tuesday. The problem is particularly acute among those who are wholly self-employed, only 4 per cent of whom have any pension, the Pensions Commission has found. “The degree of the issue on self-employed is much starker than [we] would have thought,” said Sir...

May 19, 2026

Newssavings, UK

19MayMay 19, 2026

Pensions UK outlines steps for pension investment in UK growth assets as barriers persist

Pensions UK has set out practical steps to enable schemes to invest more in UK growth assets, as it emerged that almost half (48 per cent) of the trade body’s members believed the government was doing 'a little' to facilitate a pipeline of investable opportunities. The report, and accompanying call to action, comes one year after the Mansion House Accord was signed, a voluntary commitment by 17 of the UK’s largest pension providers to increase investment in unlisted assets in...

May 19, 2026

NewsInvestment, UK

18MayMay 18, 2026

UK. Government-backed Pensions Commission calls for action on gender savings gap

A shake-up of pensions in Britain must involve measures to close the gap in retirement savings between men and women, the revived Pensions Commission is to tell ministers. According to the government-backed body, women approaching retirement have on average half the private pension savings of men, with a median pension wealth of £81,000 versus £156,000. The commission, which is expected to publish its interim report on the long-term future of the retirement system this week, said it would look at how the government...

May 18, 2026

NewsGender Gap, Regulation, UK

15MayMay 15, 2026

More UK children projected to live beyond 100 as longevity pressures mount

More than a quarter of girls and almost a fifth of boys born in the UK in 2049 are expected to live to at least 100 years old, according to the latest Office for National Statistics (ONS) projections, raising further questions over the long-term sustainability of retirement provision. The ONS’ latest Past and projected period and cohort life tables showed that 26.3 per cent of girls and 18.3 per cent of boys born in 2049 are projected to live to at least...

May 15, 2026

NewsAging, Longevity, UK

13MayMay 13, 2026

The largest UK pension schemes are substantially ahead on climate action as smaller schemes risk falling further behind

88% of the largest schemes have a credible net zero implementation strategy compared to 61% on average for all schemes reviewed Almost all schemes with assets above £5bn now target net zero, compared with just over half of smaller peers, averaging 76% across all schemes. Average Implied Temperature Rise remains at 2.4°C, suggesting schemes are still exposed to assets misaligned with climate goals XPS Group, a leading UK consulting and administration business specialising in the pensions and insurance sectors,...

May 13, 2026

NewsClimate crisis, Pension Management, UK

11MayMay 11, 2026

UK government unit targets £99bn of investment from Australian pension funds

A plan to target £99bn of overseas pension investment into key UK projects by 2035 has been announced only weeks after the government struggled to pass its pensions schemes bill. A new “Supers Unit”, led by the Office for Investment, aims to boost collaboration and streamline investment from Australian pension funds into growth sectors, including infrastructure, real estate and private markets. This follows a memorandum of understanding signed at last month’s IMF meetings between UK chancellor Rachel Reeves and Australian treasurer...

May 11, 2026

NewsRegulation, RegulationUK, UK

08MayMay 8, 2026

New HMRC tax rules coming for DWP state pension after Labour update

New tax rules are coming on the Department for Work and Pensions ( DWP ) state pension from 2028, it has been warned. Labour Party minister Torsten Bell has confirmed the shake-up as he responded to a question in the Commons. Mr Bell responded to fears the state pension - which is already dangerously close to breaching the personal tax-free allowance - could rise further with the Triple Lock next year, taking it over the threshold. Euan Stainbank reached out "to ask the Chancellor of...

May 8, 2026

NewsState Pensions, Taxation, UK

May 2026