UK Archives - Page 2 of 188 - Pension Policy International

29MayMay 29, 2026

Jamie Fiveash appointed as Pensions UK chair

Pensions UK has appointed Smart UK chief executive, Jamie Fiveash, as the new chair of the association. Fiveash will start a three-year term on 1 July 2026. He succeeds Emma Douglas, who is stepping down to take up her new position as chair of The Pensions Regulator. Fiveash has over 30 years of experience across financial services and over 15 years of c-suite and board-level leadership. As chief executive of Smart UK, Fiveash leads the £9.5bn Smart Pension master trust with two...

May 29, 2026

News, SliderRegulation, UK

28MayMay 28, 2026

UK. Almost two thirds of adults fear running out of money in retirement

Nearly two thirds (63 per cent) of adults are worried about running out of money in retirement, as the latest data from the Office for National Statistics (ONS) revealed that people are living longer, research by LV= has shown. The ONS data showed that a woman aged 66 can expect, on average, to live to around 90, while a man of the same age is expected to live to approximately 87. The LV= research found that 62 per cent of UK...

May 28, 2026

NewsLongevity, Population, Risk, UK

27MayMay 27, 2026

UK. Triple lock row intensifies as major pension reforms take effect

Triple lock under threat as new pension law comes into force The Pensions Schemes Act 2026, now law, aims to simplify and strengthen pension provision through measures like automatic consolidation of small pots, creation of large-scale 'megafunds', a standardised value-for-money framework, and legal duties for retirement advice. Ministers argue these changes could add up to £29,000 to the average pension pot and benefit more than 20 million workers, with some provisions phased in over several years. However, former pensions minister...

May 27, 2026

NewsPension Reform, State Pensions, UK

26MayMay 26, 2026

CDC pensions approaching ‘pivotal moment’ in the UK

Collective defined contribution (CDC) pensions are approaching a “pivotal moment” in the UK, according to Aon, as the consultancy predicted they could “revolutionise pensions” for both employers and savers. In its new report, CDC Pensions: Everything You Need to Know in 2026, Aon noted that multi-employer CDC arrangements are expected to begin operating from 2027, following the finalisation of regulations for whole-life unconnected multi-employer CDC schemes. Last week, the Pensions Regulator’s (TPR) updated code of practice for CDC schemes was laid before parliament, bringing multi‑employer...

May 26, 2026

NewsCDC, Pension design, UK

25MayMay 25, 2026

UK Pensioners Suffer Heavy Tax Losses as 462,000 Rush to Withdraw Savings

Hundreds of thousands of British retirees are inadvertently surrendering significant portions of their life savings to HM Revenue and Customs, as an unprecedented rush to withdraw pension cash exposes catastrophic flaws in national retirement guidance. Startling data published annually by the Financial Conduct Authority reveals a 29 percent surge in the number of individuals cashing out their entire pension pots. Driven by unrelenting cost-of-living pressures and highly restrictive legacy financial products, retirees are triggering massive, entirely avoidable tax liabilities that...

May 25, 2026

NewsTaxation, UK, Withdrawals

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

May 2026