UK Archives - Page 23 of 188 - Pension Policy International

26JunJune 26, 2025

‘Long way to go’ despite improvements in UK retirement optimism

Retirement optimism in the UK is slowly increasing, but there is still a long way to go, as over half (52 per cent) of Brits are not optimistic about being prepared for retirement, research from State Street Global Advisers has revealed. The survey showed that there have been improvements, with one in five (20 per cent) people stating that they are optimistic that they will be financially prepared for retirement by the time they plan to stop working, up 6...

June 26, 2025

NewsRetirement Planning, UK

25JunJune 25, 2025

UK. Govt urged to adopt relative pension adequacy measure over ‘pounds and pence’ approach

The government has been urged to adopt a relative pension adequacy measure, rather than a 'pounds and pence approach', with analysis from Hargreaves Lansdown suggesting that relative measures better reflect the income needs of different groups. The research from Hargreaves Lansdown, in partnership with Oxford Economics, looked at four different ways to measure pension adequacy, revealing that there are "clearly" challenges with all of the approaches. In particular, the research found that whilst 'pounds and pence measures', such as the Pensions...

June 25, 2025

NewsAdequacy, Regulation, UK

25JunJune 25, 2025

UK pensions remain committed to net-zero

UK pension schemes are increasingly committed to climate- and nature-focused investing, even amid geopolitical instability and the growing politicisation of net-zero, according to new research. The report, Climate Innovation – Investing in the Net-Zero Economy, released by Pensions for Purpose and commissioned by SAIL Investments, found that 40% of UK pension schemes now have dedicated climate allocations, while 60% regard climate risk as a core fiduciary responsibility. “In our conversations with pension funds, we found that they do not expect political volatility, particularly in the US,...

June 25, 2025

NewsClimate crisis, Sustainability, UK

24JunJune 24, 2025

UK. Why the real problems of the pensions dashboard are yet to start

The pensions dashboard project's aspirations made sense a decade ago, but industry changes mean the government should focus its efforts on other aspects of pensions, writes James Floyd The ambition of the government's much-vaunted pensions dashboard has nearly been realised, but after a decade in the making, the real problems are likely still to come. It was back in 2014 when the Financial Conduct Authority vocalised its notion of enabling consumers to see all their pension savings in one place. With the Retail Distribution...

June 24, 2025

NewsOperations, Technology, UK

19JunJune 19, 2025

UK. HoL committee raises concerns over potential mandation and regulatory overlaps

An increase in savings into pension funds may increase the amount of investment available for productive assets, the Financial Services Regulation Committee has found, although concerns around mandating pension fund investments remain. As part of its inquiry on the progress made in driving UK regulators to support growth, both in the financial services sector and in the wider UK economy, the committee received evidence suggesting that the UK pension sector is "fragmented" and underinvests in productive domestic assets due to...

June 19, 2025

NewsInvestment, Regulation, savings, UK

18JunJune 18, 2025

UK. Focus on members amid government reform demands, LGPS urged

The Local Government Pension Scheme (LGPS) needs to retain a focus on the “day job” of providing pensions for some of the UK’s poorest paid workers, despite the significant distractions posed by government reform and other demands. Speaking at an industry conference this week, Roger Phillips, chair of the LGPS Scheme Advisory Board for England and Wales, said the government was “very interested in us” – which he warned presented a challenge to the system’s existence. “But we need to keep doing our...

June 18, 2025

NewsIncome, UK

18JunJune 18, 2025

Pension Schemes Bill will help to deliver a UK pensions system fit for the future

The government has released the first draft of the Pension Schemes Bill 2024-2025, with a roadmap that sets out its plan to implement reforms across defined contribution (DC) and defined benefit (DB) workplace pensions. The draft bill and roadmap published on 5 June bring together reforms that are mostly intended to improve retirement outcomes for members and to support UK economic growth as part of the government's plan to deliver a "private pensions system fit for the future". The bill does not, however, include any...

June 18, 2025

NewsPension Reform, UK

12JunJune 12, 2025

UK households told to ‘hoard physical cash’ as millions rush to act

UK households have received an advisory to 'hoard physical cash' amidst economic uncertainty and concerns about outages, with Brits taking action in response to worldwide instability. The Bank of England's chief cashier has observed that families are creating emergency cash reserves as they did during past crises related to Covid and living costs. On Tuesday, Victoria Cleland highlighted the trend of UK households amassing a cash contingency pot, noting the substantial rise in banknotes circulating in recent months. "At a time...

June 12, 2025

NewsPolitical economy, UK

11JunJune 11, 2025

UK’s DB schemes remain in ‘robust shape’, PPF 7800 shows

The Pension Protection Fund's (PPF) 7800 Index for May painted a broadly positive picture of defined benefit (DB) schemes, as the aggregate surplus of the 4,969 schemes in the PPF 7800 Index increased by £18.6bn, rising from £202.5bn to £221.1bn. The index showed a 2.8 percentage point increase in the funding ratio, reaching 125.6 per cent, while just over seven in 10 (71.8 per cent) of all schemes were in surplus, or 3,569 in total. Commenting on the report, PPF chief...

June 11, 2025

NewsDefined Benefit, System sustainability, UK

10JunJune 10, 2025

Will UK Pension Savers Soon Take on More Risk and Pay Higher Fees?

Key Takeaways LTAF market expected to keep growing. Mansion House Accord commits pensions to private assets. Most UK pension saving won’t lead to a comfortable retirement. Asset managers can charge higher fees for more complex products. The UK government believes increasing the exposure of retirement funds to private assets will boost returns, but experts also say it gives a “lifeline” for asset managers to charge higher fees for their expertise. And there are also concerns about how much risk pension...

June 10, 2025

NewsInvestment, Risk, UK

June 2025