Latest News

Top Story

Pension Schemes Act comes into force in ‘landmark moment’, Bell says


By Natalie Tuck

The Pension Schemes Act has come into force today (29 April) after being granted Royal Assent, in what Pensions Minister, Torsten Bell, described as a “landmark moment” for savers


Story 2

PA Spring Conference: Pensions Commission interim report due 'in coming months', Bell says

Pensions Minister, Torsten Bell, has confirmed that the government is “pressing ahead” with the revived Pensions Commission, with its interim report due to be introduced in the “coming months” and a final report to “follow swiftly on its heels” in early 2027

Story 3

TPR outlines vision for megafunds and simplified pensions market by 2036

The Pensions Regulator (TPR) chief executive, Nausicaa Delfas, has said the UK workplace pensions market could look “very different” by 2036, with a smaller number of large pension megafunds, greater consolidation and more scheme-led retirement solutions becoming the norm.

Speaking at the Eversheds Sutherland UK Pensions Conference, Delfas said the pensions market was currently undergoing “the biggest changes in pensions since the introduction of auto-enrolment”

Story 4

PMI and Schroders launch DB governance survey

The Pensions Management Institute (PMI), in partnership with Schroders, has launched a new survey on defined benefit (DB) investment governance, seeking industry views on how governance is evolving amid changing funding and regulatory conditions

Story 5

Nest cleared to offer flexi-access drawdown after order change comes into force

Legislation enabling Nest Pensions to offer flexi-access drawdown and related retirement and death benefit options to its more than 14 million members has now come into force

Story 6

News in brief - 8 May 2026

The latest news in brief and mandates from the past seven days

Story 7

Private credit growth raises concerns over pension scheme risks

The rapid growth of the private credit market and increasing pension scheme exposure to the asset class could create systemic risks without stronger oversight and transparency, a new report from RSM UK and Fieldfisher has warned

Check out our latest news

Most pension professionals say property plays a role in retirement income

Nine in ten (90 per cent) pension professionals said that property has a role to play in supporting individuals’ retirement income, in polling at a recent Society of Pension Professionals (SPP) event
TPR committed to 'raising the bar' on member outcomes

The Pensions Regulator (TPR) director of defined contribution and master trust supervision, Kim Goodall-Brown, has said the watchdog remains focused on improving member outcomes as the defined contribution (DC) market matures, speaking at the recent DC and Financial Wellbeing Conference
Largest trustee firms oversee 45% of DB market as complexity rises

The 10 largest professional trustee firms in the UK oversaw 45 per cent of the defined benefit (DB) pension scheme market in 2025, a share projected to rise to two-thirds (66 per cent) within the next five years, according to a survey by Isio
DB pension scheme buyouts ‘not a near-term universal shift'

Four in 10 trustees and pension professionals expect around a fifth of today’s defined benefit (DB) pension schemes to buyout within the next five years, according to research from Aptia

BANNER

Broadstone CARE launches to support DB legacy contracts

Broadstone has launched a new service, Broadstone CARE, to help trustees and sponsors of defined benefit (DB) schemes that remain in legacy insured contracts to evaluate their options and maximise value
90% of DB schemes in surplus as focus shifts to endgame planning - TPR

The Pensions Regulator (TPR) has said that it expects most defined benefit (DB) pension schemes to continue shifting their focus from deficit recovery to endgame planning, after its latest Annual Funding Statement (AFS) confirmed that around 90 per cent of schemes are now in surplus.

TPR’s 2026 AFS and accompanying analysis showed that around 60 per cent of schemes were in surplus on a buyout basis as at 31 December 2025, rising to around 80 per cent on a low dependency basis and 90 per cent on a technical provisions (TPs) basis


View More News

Highlighted Content

Financial wellbeing isn’t just a buzzword; it should be a business necessity

Aviva Workplace pensions director, Simon Ellis, explains how financial wellbeing isn’t just a buzzword; it should be a business necessity.

Knowing your options: Journey planning for Defined Benefit pension schemes

Our video explores choices for benefit schemes. With funding improved, CFOs and FDs can step back from volatility, considering buyout, financial or operational consolidation to manage risk and secure outcomes.

Endgame insights: Putting theory into practice

L&G showcases the latest combined thinking from its Asset Management and Pension Risk Transfer (PRT) businesses.

The role of ILS in pensions today

Francesca Fabrizi sits down with Leadenhall Capital Partners Senior Managing Director, Alistair Jones, to talk about the role of Insurance Linked Securities (ILS) in pension fund investing today

Exploring the key risks

Laura Blows speaks to Aon head of UK retirement policy, Matthew Arends, and Aon investment consultant, Rupert Kotowski, about some of the key risks facing UK DB and DC schemes, as noted in Aon’s latest global pension risk survey

Making a difference with critical concession infrastructure

Sponsored by Aberdeen Investments
What is concession infrastructure, and why does it represent an attractive and growing opportunity for UK pension schemes?

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

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

Insurance, data and the path to buyout
Laura Blows discusses the challenges facing the DB sector and how small schemes can avoid a traffic jam en route to insurance, with Isio partner, Sam Coombes, and fellow Isio partner, Steve Robinson

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
© 2019 Perspective Publishing     Privacy & Cookies