March 2025
06Mar

UK. Pensions: New warning to women who risk running out of money

Women have been issued a pension warning as new research revealed they risk emptying their pension pots 14 years too soon. The research, released ahead of International Women’s Day (Saturday March 8) indicated that, based on current pension withdrawal rates, women could empty their private pension savings by the age of 73. Legal & General (L&G), which published the research, said that, with the average life expectancy of a 60-year-old woman in the UK sitting at 87, some female retirees could be left with a...

March 6, 2025
News, Slider,
Read more...
04Mar

UK. DB schemes reconsidering long-term strategies amid market changes

Defined benefit (DB) pension schemes may be reconsidering their endgame strategies in light of recent market movements, PwC has said, after its Low Reliance Index continued to show a record surplus position, rising to £180bn in February 2025. PwC’s Buyout Index also recorded a surplus position of £90bn, demonstrating that DB pensions schemes continue to have, on average, sufficient assets to buyout their pension promises. PwC head of investment strategy, Sam Seadon, noted that there has been "something of a roller...

March 4, 2025
News, Slider, , ,
Read more...
04Mar

UK. The People’s Pension Fund Revamps Investment Strategy

The People’s Pension has pulled more than US$35bn of investments from State Street over sustainability and ESG concerns, passing funds to Amundi & Invesco One of the UK's leading pension funds, the People’s Pension, has made a significant move by withdrawing £28bn (US$35bn) from State Street, as part of its strategic alignment towards enhanced Environmental, Social, and Governance (ESG) goals. This reshuffling involves reallocating a substantial £20bn (US$25bn) to Amundi, and another £8bn (US$10bn) to Invesco. Consequently, only £5bn (US$6.2bn) remains under State Street's management, notably reduced...

March 4, 2025
News, Slider, ,
Read more...
03Mar

Brookfield eyes UK’s pensions risk deals with insurance spin-off

Brookfield, the North American asset manager, is set to muscle in on a lucrative area of the UK pensions industry dominated by Legal & General, Aviva, Standard Life and other British insurers. The Canadian-American firm will launch Brookfield Wealth Solutions (BWS), its insurance spin-off, as an entrant into the bulk annuity pensions market. This is where private companies with traditional defined-benefit pension schemes seek buy-in or buy-out deals to transfer their risks to insurers and life assurance companies. The UK pension...

March 3, 2025
News, Slider,
Read more...

February 2025
25Feb

UK. Pension transfer times continue to fall as volumes increase

Simpler pension transfers took an average of 10.5 days to complete in 2024, while the volume of transfers increased, the latest Origo data has revealed. The overall average pension transfer figure, which allows for slightly more complex transfers where providers may need to rely on third parties for additional information, was 12.3 days in 2024. It also found that around half of all transfers were completed in just under seven working days, while for the providers opted in to share their...

February 25, 2025
News, Slider, ,
Read more...
19Feb

UK professionals prepare for ‘unretirement’ to become the norm

70% of UK professionals (from all age bands) have stated that they are ‘expecting’ that they will have to work for longer or delay retirement due to financial concerns post-retirement. In fact, 31% of ‘unretirees’ state they have returned to work either in a full/part-time or in a casual capacity over the past 18 months. The new research comes from global talent solutions provider Robert Walters – and showcases an emerging trend of ‘unretirement’ – which shows no signs of abating. Recent figures from Legal and...

February 19, 2025
News, Slider, ,
Read more...
18Feb

The UK pensions dashboard faces new delays

The long-awaited pensions dashboard is facing fresh delays and may still not be ready to roll out next year – more than a decade after it was first proposed. The Government’s dashboard, designed to allow people to view all their pension pots in one place, has been beset by a series of delays and is tens of millions of pounds over budget. A National Audit Office report in May last year found that the cost of the project had increased from £235m in 2020...

February 18, 2025
News, Slider, ,
Read more...
17Feb

UK. The growing problem of small pension pots and why consolidation is key to better retirement savings

Urgent reform is needed to ensure individuals can manage their retirement savings more effectively. The IFS report identifies small ‘deferred’ pension pots as a major issue in the UK’s pension landscape. Nearly 20 million defined contribution (DC) pension pots worth under £10,000 are no longer being contributed to, with 12.1 million of these containing less than £1,000 (‘micro pots’). Such fragmentation complicates retirement planning for savers and increases administrative costs across the pensions industry. This growing issue not only creates unnecessary...

February 17, 2025
News, Slider, ,
Read more...
12Feb

UK. Labour Confirms No WASPI Compensation Despite Ombudsman Findings

The Labour government has announced that it will not provide compensation to WASPI (Women Against State Pension Inequality) campaigners, despite findings of maladministration by the Parliamentary and Health Service Ombudsman (PHSO). The decision comes after years of campaigning by women born in the 1950s, who argue that failures in state pension communication left them financially unprepared for increases to the state pension age. While the government has accepted the ombudsman’s findings and apologised for delays in notifying affected women, it has ruled out compensation, citing the difficulty of identifying those who suffered financial losses and the potential...

February 12, 2025
News, Slider,
Read more...
11Feb

UK. Bereaved families asked to return pension overpayments

Bereaved relatives have been asked to repay state pensions that were wrongly sent to people who have died by the Department for Work and Pensions (DWP). The DWP has confirmed it has no legal right to reclaim the money but argues that it does so to protect public funds. Former Pensions Minister Sir Steve Webb says the letter the department sends out to families does not make it clear the repayments are voluntary. Over the past five years, the DWP mistakenly paid more...

February 11, 2025
News, Slider,
Read more...