September 2025
26Sep

Aligning your pension scheme with the Taskforce on Climate-Related Financial Disclosures recommendations

By Department for Work and Pensions This guide aims to help trustees evaluate the way in which climate-related risks and opportunities may affect their strategies. Trustees should consider how different investments and strategies could be impacted by transition and physical risks, at an asset class, sector and firm level where appropriate. Schemes should set out what risks and opportunities they consider to be relevant or material to them over the short/medium/long term time horizons for their scheme. They should use scenario analysis...

September 26, 2025
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26Sep

UK. Industry urges policy shift to revive DB and accelerate CDC

The Society of Pension Professionals (SPP) has called for a policy reboot to keep existing defined benefit (DB) schemes open and to fast-track collective defined contribution (CDC) schemes, as the relaunched Pensions Commission turns its attention to pensions adequacy. In a new paper, Past Lessons, Future Gains, SPP argued that the current adequacy crisis cannot be fixed by contribution reviews alone and urged the commission to examine the type of scheme people save into, warning that the long shift from...

September 26, 2025
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25Sep

UK. ESG as part of investment strategies

Environmental, Social and Governance (ESG) considerations have become central to pension scheme investment strategies. As major institutional investors, pension schemes are at the forefront of an evolving regulatory and stakeholder landscape that demands both compliance and meaningful action. The ESG imperative for pension schemes ESG is no longer a ‘nice to have’ for schemes’ investment considerations. As the Pensions Regulator (TPR) has recently stated, awareness of and managing systemic risks is now a core part of effective trusteeship. It's a statutory...

September 25, 2025
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24Sep

UK. Invisible workers face pension crisis

New research from PensionBee, a leader in the consumer retirement market, reveals a deepening divide in the UK’s pension system, with millions of self-employed, gig economy and lower-income workers being denied the same chance of a secure retirement as those in traditional employment. Of the most striking results of the survey of 1,000 UK adults working in the gig economy, was that only 16% of those earning under £15,000 report paying regularly into a personal pension, whilst less than...

September 24, 2025
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23Sep

UK. PensionBee Urges Pensions Commission to Deliver Bold Reforms to Secure Better Retirements for Millions of UK Savers

Millions risk being condemned to retirement poverty unless the UK’s pensions system is overhauled, PensionBee has warned, as it calls on the Pensions Commission to deliver bold reforms to tackle deep-rooted structural inequalities. In a letter to the Commission, the leading online pension provider highlights how women, unpaid carers, the self-employed and lower-paid workers are being locked out of the progress achieved through Auto-Enrolment, while many others are being held back by a pensions market that is too complex and...

September 23, 2025
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19Sep

Retirement income market data 2024/25

By Financial Conduct Authority We have collected data on the retirement income market since April 2015. The data helps us monitor developments. For example, it gives us insight into the actions consumers take the first time they access a pension pot. Previously published data up to March 2018 is also included in separate tables. The data for these periods was initially drawn from a representative sample. We started collecting data from all regulated firms that provide retirement income products from 1 April...

September 19, 2025
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19Sep

Pensions UK urges small pension pot consolidation by 2030

The pensions industry should drive small pension pots consolidation by 2030, trade body Pensions UK has urged. In its Small Pots Feasibility Review, the organisation looked at how to resolve the issue of small pensions pots. It pointed out that small pension pots are costly to deliver and confusing for savers. Torsten Bell, Minister for Pensions, said: “With more small pots than pensioners in the UK, too many people are losing track of their hard-earned savings. This is bad for pensions savers...

September 19, 2025
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18Sep

UK. All generations expect to fall short of a comfortable retirement

Most UK pension savers believe they will fall short of a comfortable retirement, with rising debt, delayed retirement and low levels of financial knowledge fuelling concerns across all generations, according to Interactive Investor’s sixth Great British Retirement Survey. The research, conducted with Opinium Research and based on responses from 9,000 people, found that six in 10 savers expect retirement wealth of less than £300,000, well below the £330,000 benchmark estimated by the Pensions UK Retirement Living Standards (RLS) for a moderate...

September 18, 2025
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18Sep

UK. Policy rumours and Budget speculation prompt ‘surge’ in pension withdrawals

There has been a significant increase in the amount of money being withdrawn from pensions, with a particular "surge" seen in those accessing large pension pots, the latest Retirement Income Market Data from the Financial Conduct Authority (FCA) has revealed. The figures showed that the amount of money withdrawn from pensions had risen by 35.9 per cent over the past year, increasing from £52.152bn in 2023/24 to £70.896bn in 2024/25. The number of pension plans accessed for the first time has...

September 18, 2025
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17Sep

UK. State pension likely to rise by 4.7% in April

People drawing their new state pension from April are likely to see a rise of more than £500 a year, latest wages data suggests. Under the "triple lock" policy, the state pension goes up each year by either 2.5%, inflation, or average earnings growth - whichever is the highest figure. The Office for National Statistics (ONS) revealed total pay including bonuses for the three months to July was 4.7%, which is likely to be the figure used for the annual increase. Almost...

September 17, 2025
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