UK Archives - Page 14 of 193 - Pension Policy International

23JanJanuary 23, 2026

UK. Pensions system fails many women, university report finds

A new report from the University of Edinburgh says the UK pensions system and financial advice sector must be redesigned to address a widening gap between men’s and women’s pension wealth. According to the analysis, women approaching age 60 hold 75% less in private pension savings than men of the same age. The report, supported by wealth manager Evelyn Partners, finds that women’s lower accumulations are largely driven by structural and social factors rather than a lack of confidence. Nearly 15 million people...

January 23, 2026

NewsGender Gap, savings, UK

22JanJanuary 22, 2026

UK. Pension Protection Fund names new chief risk officer

He has taken over risk functions from Dana Grey, the PPF’s chief governance, risk and legal officer. Lee joins the PPF from HSBC where he worked for more than 11 years, latterly as global head of pension and insurance traded risk, based in Hong Kong. He was primarily responsible for overseeing the financial services giant’s global insurance business and its employee pension plans. He also worked for more than a decade for the Institute and Faculty of Actuaries, and previously worked...

January 22, 2026

NewsRegulation, UK

21JanJanuary 21, 2026

The FCA Is Overhauling UK Pensions Advice, But Will Savers Benefit?

New rules will allow pension and investment providers to make “targeted support” recommendations to certain groups of customers. The rules come into effect from April 6 as a solution to the so-called “advice gap”. Some commentators are concerned about the risk to consumers as the government pushes to get more people investing. 2026 will be the year that “once-in-a-generation” regulatory changes transform UK retirement planning and enhance people’s ability to make long-term decisions about their pensions—or so the Financial...

January 21, 2026

NewsRegulation, UK

20JanJanuary 20, 2026

UK savers need extra £23bn a year to hit 12% pension target, says Bowmore

New research from Bowmore Financial Planning, part of Bowmore Wealth Group, has indicated that UK savers are falling short of recommended pension contributions. Bowmore’s analysis of HMRC data for 2022–23 suggests savers would need to contribute 12% of their annual salary to meet guidance from Pensions UK. However, the company estimates that reaching this level would require around £23bn in additional pension contributions each year. Bowmore Wealth Group’s review of HMRC data on incomes and pension contributions shows that private sector workers...

January 20, 2026

Newssavings, UK

19JanJanuary 19, 2026

UK. DWP says thousands missing out on extra £80 per week

Recent figures from the Department for Work and Pensions (DWP) reveal that almost a million pensioner households may be failing to claim an average of £4,300 a year - or around £80 a week - in benefit income to which they are entitled. As many as 910,000 households eligible for Pension Credit failed to claim the benefit, resulting in approximately £2.5 billion remaining unclaimed. In an effort to help more individuals above State Pension age obtain additional financial assistance in the...

January 19, 2026

NewsRegulation, UK

16JanJanuary 16, 2026

UK. Most self-employed and freelancers failing to save for retirement, Aviva research finds

New research from Aviva reveals a worrying gap in retirement planning among the UK’s self-employed, freelancers, and digital nomads - groups that are increasingly shaping and driving the modern workforce. Just over a third (34%) of digital nomads – those who use technology to work remotely while travelling and living in various locations, rather than being in a single office – are actively saving into a pension or retirement plan. The picture is only slightly better for the self-employed (38%)...

January 16, 2026

NewsRetirement Planning, UK

15JanJanuary 15, 2026

UK. Pensions administration to become ‘core’ governance function by 2030

Pensions administration is set to move from a back-office operation to a core element of scheme governance by the end of the decade, driven by regulatory pressure, technological change, and heightened risk awareness, LCP has predicted. Writing in a blog post, LCP senior consultant, Ella Holloway, said the revised administration guidance from The Pensions Regulator (TPR) had clarified expectations for trustees and signalled a shift in how administration should be viewed, placing it firmly at the centre of effective governance rather than...

January 15, 2026

NewsPension Management, Regulation, UK

14JanJanuary 14, 2026

Lords debate UK Pension Schemes Bill role in the future of LGPS

Peers have debated the UK government’s intervention in the Local Government Pension Scheme (LGPS) as the Pension Schemes Bill reached the committee stage in the House of Lords this week. After a full debate on the key principles of the Bill, which took place during a second reading on 18 December, the Bill is now being scrutinised by the members of the House of Lords. During the reading, peers discussed several clauses concerning LGPS, with amendments proposed to clarify the reasoning...

January 14, 2026

NewsPension design, UK

13JanJanuary 13, 2026

UK. DWP pension error leaves thousands at risk of Universal Credit underpayments

A Department for Work and Pensions administrative error may have left many thousands of Universal Credit recipients out of pocket, with those affected potentially entitled to both increased payments and backdated arrears. The blunder, brought to light by pensions expert Steve Webb, centres on claimants who contribute to pension schemes while receiving Universal Credit. Multiple benefit recipients came forward after discovering that DWP staff had incorrectly declined to subtract their pension payments from earnings when calculating their Universal Credit entitlement. Under the...

January 13, 2026

NewsRegulation, savings, UK

12JanJanuary 12, 2026

UK. Waspi chair says pension age fight is not over

Angela Madden was a full-time carer for her mother when she received a letter from the government in March 2012. It informed her she would not be eligible to receive a state pension for seven years, when she had expected to start receiving it in two. She is one of an estimated 3.6 million women born in the 1950s, who campaigners say were not properly informed of the rise in state pension age to bring them in line with men. And Angela,...

January 12, 2026

NewsPension Payout, Retirement Age, UK

January 2026