October 2025
27Oct

More than a third of UK workers face retirement poverty amid weak engagement

More than a third of UK workers - equivalent to around 11.6 million people - are on course to fall short of covering their basic needs in retirement, research from Scottish Widows has revealed. The insurer’s latest report, Retirement Realities: Unlocking the Workplace Benefits, found that while auto-enrolment has brought millions into pension saving, contribution levels and engagement remained far too low to deliver adequate outcomes for most workers. Drawing on surveys of 1,000 senior decision-makers responsible for workplace pensions and 2,000...

October 27, 2025
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27Oct

Life expectancy must not be only factor to determine state pension age

Life expectancy should not be the only factor when setting the state pension age, experts have warned. Providers shared their concerns as part of the call for evidence for the Third State Pension Age Review, warning any age changes should not deepen inequalities. The review into the state pension age is exploring how changes in life expectancy, along with other factors should be reflected in future changes to the state pension age. The state pension age is increasing to 67 by 2028, with...

October 27, 2025
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24Oct

Latest Retirement Living Standards show costs for Minimum retiree needs have fallen, while Moderate and Comfortable Standards see modest rises

By Pensions UK The latest update of the PLSA's Retirement Living Standards (RLS) shows a decrease in the cost of the Minimum retirement lifestyle, down to £21,600 per year for a two-person household, due to the impact of lower energy prices and changes in the public's expectations for this standard. Meanwhile, the Moderate and Comfortable standards have risen modestly, reflecting the impact of inflation across many expenditure categories offset by decreases in energy costs. This year, the cost of a Minimum Retirement...

October 24, 2025
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24Oct

What’s making pension funds bet big on bitcoin?

Digital assets are no longer just a playground for early adopters — big institutions are now stepping in. From pension funds to multi-strategy hedge funds, investors are increasingly looking for crypto exposure. Yahoo Finance Future Focus caught up with Anatoly Crachilov, CEO of Nickel Digital, to find out which institutions are leading the charge and what’s driving their interest. Crachilov traced the evolution of crypto investors over Nickel Digital’s six-and-a-half-year history. Initially, demand came from family offices, but today, larger...

October 24, 2025
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23Oct

UK. Retirement incomes could increase by as much as 60% as Government green-lights ‘collective’ pension schemes

Unlike Defined Contribution (DC) schemes, CDCs pool pension schemes into a collective fund giving workers regular pension payments for life, more security and higher average retirement incomes throughout retirement when compared to individual pension pots. The new regulations will allow the expansion of CDCs to more employers and will address a growing demand among workers to receive a more secure retirement income. Research shows almost three-quarters of people with DC schemes want a guaranteed income from their pension despite 50%...

October 23, 2025
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22Oct

UK. Retirement investment solution providers urged to seize innovation opportunities

Retirement investment solution providers should “seize the day” amid rising asset levels that are providing opportunities for innovation, according to a report from NextWealth. NextWealth stated that assets in retirement investment solutions were on the cusp of a significant growth spurt. With the first cohort of ‘pension freedom’ retirees reaching 75, there is a growing imperative for innovation, which has been dominated by Royal London’s Governed Retirement Income Portfolios (GRIP), the firm said. If GRIPs were removed, the assets held in solutions...

October 22, 2025
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21Oct

Britain’s biggest pension funds back regional growth drive

20 of Britain’s largest pension providers and insurers set to launch Sterling 20 group at first-ever Regional Investment Summit on Tuesday. Investment drive kicks off with Legal & General (L&G) and Nest committing billions to build more affordable housing, improve broadband connections in rural areas and provide scale-up finance for growing businesses. Chancellor set to meet providers and Australia’s biggest fund in Birmingham as government ramps up efforts to drive regional growth and put more money into people’s pockets through the...

October 21, 2025
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20Oct

Pensions UK AC 2025: Pensions transfer costs need to be under £10, experts say

The current pensions transfer system isn’t working, is too expensive, and requires providers working together to speed up the process, Smart Pension CEO, Jamie Fiveash, has stated, suggesting that the cost of a pension transfer needs to be cut to less than £10. Speaking at the Pensions UK Annual Conference, Fiveash pointed out that it currently costs £60-£90 to transfer a pension pot, which “is way too high”, arguing instead that the cost of a transfer needs to be less...

October 20, 2025
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17Oct

What could effective pensions engagement look like?

By Pensions Policy Institute This report is primarily focused on the Defined Contribution (DC) landscape, in which engagement and active choice play a greater role, in comparison to Defined Benefit (DB). DC provides an increasing proportion of UK pension provision, with private sector DB provision in decline. As a result, DC savers will make up the majority of future retirees, and even among those with DB entitlement, many will also have some DC savings as a result of increased job...

October 17, 2025
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17Oct

Research and analysis. Lessons on pensions engagement

By Department for Work & Pensions This report summarises research exploring consumer engagement and ways to increase public engagement with private pensions in the UK. It brings together findings from a rapid review of publicly available literature with intelligence from 6 expert interviews across the UK, Western Europe and Israel. This provides new insight and understanding into some of the factors influencing pensions engagement. The research highlights areas for further research and could be expanded in the future by seeking...

October 17, 2025
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