Latest News

BANNER

Top Story

Budget 2025: OBR forecast reveals extended tax allowance freeze and salary sacrifice changes


By Sophie Smith

Chancellor, Rachel Reeves, is set to extend the freeze on income tax thresholds until the end of 2029/30, forecasting from the Office for Budget Responsibility (OBR) has revealed, in a move that is set to "drag" millions more pensioners into paying tax.

The OBR's forecast also included plans to charge national insurance on salary sacrifice pensions, in a move that is expected to raise £4.7bn


Story 2

Budget 2025: Industry reacts as early OBR forecasts reveal key Budget changes

Industry reaction to the Budget measures revealed as part of forecasts from the Office for Budget Responsibility (OBR) has highlighted concerns around the changes announced, with salary sacrifice changes branded a " tax on working people, in spirit if not in name"

Story 3

Pension Schemes Bill to begin report stage from 3 December

The government has confirmed that the Pension Schemes Bill will begin the report stage and its third reading in the House of Commons on 3 December

Story 4

Trustees are 'in the driving seat' on DB surplus decisions, Bell says

Pensions Minister, Torsten Bell, has emphasised that it is trustees, rather than employers, who will be "in the driving seat" when it comes to decisions about defined benefit (DB) surplus release, although work is underway to ensure surplus use is properly monitored

Story 5

Micro DB schemes risk being ‘left in the slow lane’ amid record insurer demand

Record levels of buyout activity in 2025 are creating fresh challenges for the UK’s smallest defined benefit (DB) schemes, with insurers increasingly selective about which transactions they take on, analysis from Isio has found

Story 6

Pension funds keen to explore stablecoin diversification opportunities

The vast majority (98 per cent) of pension funds are developing a strategy about how to invest in stablecoins and what to use them for, including 44 per cent of pension funds that already have a strategy in place, research from Brava Finance has found

Story 7

IGG agrees to acquire KGC Associates

Independent Governance Group (IGG) has acquired KGC Associates for an undisclosed amount, in a move that is intended to strengthen its governance offering further

Check out our latest news

Budget 2025: The countdown begins

Rumours and speculation over the pension reforms that could feature in tomorrow's Budget have continued to ramp up, with less than 24 hours to go until what many are speculating could be a significant, and perhaps challenging, Budget.

Whilst the government is expected to stand by its triple lock commitment, other areas of pension policy may see cutbacks, with changes to salary sacrifice and an extension of the freeze on tax allowances widely rumoured
Blog: Budget by leak - the cost of pension uncertainty

Callum Conway examines how leaks, rumours, and shifting expectations ahead of the Autumn Budget have undermined pension saver confidence, and why clearer, steadier policymaking is essential going forward
TPR threatens enforcement action against those failing to get data 'dashboard ready'

The importance of ensuring pension scheme data is dashboard-ready has been reiterated by the Pensions Dashboards Programme (PDP) and The Pensions Regulator (TPR), with those failing to act warned that they are risking enforcement action
DC retirement expectations fall in Q2 following RLS rise

The expected future living standard in retirement provided by defined contribution (DC) savings fell in Q2 2025, Aon’s UK DC pension tracker has revealed, reflecting reduced expected pre-retirement investment returns and increases to the Retirement Living Standards

PASA shares digital admin guidance; part two due January 2026

The Pensions Administration Standards Association (PASA) has published the first in a new three-part guidance series on digital administration, emphasising the need for a saver-centric approach
Wealth and Asset Management Awards 2026: Deadline extension

The deadline to enter the Wealth and Asset Management Awards 2026 has been extended to 9 January 2026


View More News

Highlighted Content

The de-risking landscape – an evolving world

Our panel of experts [see page 78] explore the exciting trends evolving in the dynamic pensions de-risking space today

Empowering boards to drive strategic projects with confidence

Aon strategic programme consultant, Dana Wiesner, and Aon associate partner, Michelle Burgess, explore how trustees can leverage strategic programme management to navigate today’s complex pensions environment.

Going private: The asset class gathering pace

As the Mansion House Compact and Accord take hold, UK pension schemes are stepping up allocations to private markets. Sandra Haurant reports

Podcast: From pension pot to flexible income for life

In our latest podcast, Pensions Age speaks to TPT Retirement Solutions DC director, Philip Smith, about its first-of-its-kind retirement income solution, built for tomorrow’s retirees

Rethinking the path to buyout with an insurer-led solution

A faster, cleaner path to buyout isn’t just possible, it’s essential. At Pensions UK last month, Just shared its perspective on why the industry must evolve and why insurers have the experience and skills to take the lead

A time of opportunity?

Our panel of experts explores the potential implications of the Pensions Investment Review on the future of the de-risking space and wider pensions environment

Latest Podcasts

View More Podcasts

View Videos

Check out our latest appointments

Check out our latest features

Swipe right for retirement: Can pension apps match modern expectations?

As consumer technology races ahead, pensions are still struggling to deliver digital experiences that feel intuitive, responsive and engaging. Callum Conway explores whether pension apps are finally closing the gap

BANNER

Sizing up the social mobility challenge

Paige Perrin investigates why social mobility in the UK pensions industry remains limited, and how apprenticeships, DEI initiatives, and smarter recruitment could finally open the doors to a more diverse workforce, in the latest for Pensions Age’s special focus on DEI

Disclosures without the drama

As policymakers grapple with the future of pension sustainability reporting, UK Sustainable Investment and Finance Association (UKSIF) chief executive, James Alexander, sits down with Sophie Smith to call for smarter, more coherent disclosure rules that drive real-world outcomes, rather than red tape barriers

Going private: The asset class gathering pace

As the Mansion House Compact and Accord take hold, UK pension schemes are stepping up allocations to private markets. Sandra Haurant reports

Is this the real life? Is this just fantasy?

The challenge for the pensions industry to spot AI-generated ‘deepfakes’, and the role they may play in identity fraud

The sum of many small parts

As the number of self-employed continues to rise, what changes are required to better assist them in their retirement saving?

Coming of age

With the professional trustee market reportedly entering a new stage of maturity, Laura Blows

explores whether the sector is experiencing any growing pains

The future of covenant assessment

Employer Covenant Practitioners Association chair, Luke Hartley, explores the continued importance of the employer covenant throughout this period of great change

Putting the ‘me’ in member

Universities Superannuation Scheme (USS) pensions operations and services executive,

Stephen Worthington, explains how the UK’s largest private pension scheme has made member experience central to its operations

Cheap and cheerful?

The debate between cost and value has continued to persist, as whilst increased scale has allowed providers to negotiate better fees, not all are convinced that this is delivering the best value for savers

Closing the disability pensions gap

Many people with disabilities are unable to accumulate significant occupational or private pension savings, in part because of the difficulties to find work and the struggles they may face within the workplace. David Adams looks at what the pensions industry, employers and policymakers might do to help ensure more disabled people can enjoy a better income in retirement

Multi-employer CDC in practice – from drawing board to delivery

After years of planning, the first multi-employer CDC pension schemes could be launched as early as 2027, with regulators set to publish rules this autumn

View More Features

Check out our latest jobs


View More Jobs

BANNER

BANNER

Private markets – a growing presence within UK DC
Laura Blows discusses the role of private market investment within DC schemes with Aviva Director of Investments, Maiyuresh Rajah

The DB pension landscape 
Pensions Age speaks to BlackRock managing director and head of its DB relationship management team, Andrew Reid, about the DB pensions landscape 

Podcast: From pension pot to flexible income for life
Podcast: Who matters most in pensions?
In the latest Pensions Age podcast, Francesca Fabrizi speaks to Capita Pension Solutions global practice leader & chief revenue officer, Stuart Heatley, about who matters most in pensions and how to best meet their needs

Advertisement Advertisement Advertisement
© 2019 Perspective Publishing     Privacy & Cookies