September 2026

Pensions 2050: Evidence and future priorities

By Jack Jones The second Pension Commission’s interim report provides a clear and urgent call to action. It describes a system in which, although participation rates in workplace pensions have doubled due to auto-enrolment, up to 19 million working age people are not on track to meet the retirement income targets set by the first Pension Commission. The triple locked flat-rate State Pension provides a firm foundation on which retirement incomes are built, and auto-enrolment has more than doubled the numbers...

UK. Greater pension risk pooling could boost productive investment and saver return

The greater use of collective pension vehicles, including collective defined contribution (CDC) schemes and pension superfunds, could improve saver outcomes and unlock more long-term productive investment in the UK, New Capital Consensus (NCC) has argued. In its new report, Redistributing the Risk Burden, the think tank said that the systematic transfer of investment risk from institutions to individuals over the past 25 years has contributed to more short-term and risk-averse investment, while leaving savers bearing greater responsibility without sufficient support. According to...

UK. Legal & General stock gains on £1.7 billion pension buy-in and fresh share admission

Legal & General Group (ISIN GB0005603997) stock is drawing attention on September 1, 2026 as the insurer secures a £1.7 billion pension buy-in and continues to expand its capital-light franchise, supported by £1.2 trillion in assets under management as at year end 2025. Pension buy-in and member experience focus According to a press release published on September 1, 2026, Legal & General has secured a £1.7 billion buy-in for a UK pension scheme, with the transaction designed to prioritize member experience...

August 2026

UK. Income tax blow for retirees who delayed state pension

People putting off their state pension to earn a little extra are likely to see it taxed under new rules, according to analysis. The state pension is set to grow larger than your personal allowance from next year, meaning some of it will be subject to income tax. The government has promised an exemption for people who rely on the state pension as their source of income, but it appears this will not include those who delayed taking it in order...

UK. A dynamic value-based framework for retirement

My mother spent much of her working life as a home-help organiser, helping other people remain independent and supporting families who needed care. When she eventually needed help herself, however, that lifetime of contribution gave her no particular claim on the care she required. She simply had to pay for it. That always struck me as odd. We are very good at recognising, storing and exchanging financial wealth, but much less good at recognising other forms of value that people...

Being single in retirement – a key issue for the Pensions Commission?

By LCP The paper considers whether pensions policy is keeping pace with these changes and explores different approaches for the Pensions Commission to consider. These include strengthening pension saving for lower-earning partners, reviewing pension-sharing arrangements following the breakdown of cohabiting relationships, assessing the impact of no-fault divorce reforms, and exploring whether joint-life annuities should become the default. Get the report here

UK. Reform’s new economic adviser has called for end of pensioners’ triple lock

Reform UK’s new economic adviser has previously called the pensions triple lock unsustainable, advocated privatising the NHS and welcomed migration as a poverty alleviation tool, the Guardian can reveal. Robert Jenrick, Reform’s economic spokesperson, has appointed Mitchell Palmer, a rightwing economist at the free-market Adam Smith Institute, as one of his key aides. Palmer’s background is as a champion of economic liberalism, in many cases putting him to the right of Reform’s existing policy platform. His appointment comes amid tensions within...

UK. Standard Life launches £2bn pension risk transfer partnership

Standard Life announced Thursday a pension risk transfer partnership backed by investments of up to £2 billion ($2.72 billion) with a consortium led by CVC and Prudential Financial to target large UK pension schemes. The partnership, called Standard Life PRT Solutions, will be funded through capital commitments of up to £2 billion over five years. Standard Life will contribute £500 million, while CVC committed £400 million. Other consortium members will provide the remaining funds. The consortium includes Goldman Sachs (NYSE:GS), MS&AD...

UK pension fund wants a climate tipping points analysis

UK’s largest pension fund wants to understand climate tipping points UK’s Nest, the countries public workplace pension scheme, is seeking proposals to understand how climate tipping points could impact portfolio resilience. Climate scenarios such as those from the Network for Greening the Financial System (NGFS), often do not include tipping points, which are abrupt, often irreversible, changes to the Earth’s ecosystem. Some tipping points have already been breached or are close to be being breached, such as the bleaching of coral reefs. Nest...

UK. Inflation-proofing retirement income: are clients overlooking a valuable annuity opportunity?

We’ve seen a significant cost of living shock since 2020, with prices rising sharply over the past six years. While there were hopes inflation was easing, geopolitical uncertainty earlier this year has already had knock-on effects, with energy bills rising again this month. After many years of relatively modest price rises, inflationary pressures have been a defining feature of this decade. Prices have risen by 42%1 since 2020, once the cumulative impact of inflation has been considered, according to...