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Younger adults hold 'significantly more' pension wealth than official data suggests

By Callum Conway

9/4/2026

Younger adults held a significantly larger share of total household wealth during the 2010s than official statistics suggest, according to analysis from the Institute for Fiscal Studies (IFS), which highlighted longstanding issues in measuring private pension wealth.

The report argued that methodological changes and inconsistencies in Office for National Statistics (ONS) data have made it difficult to accurately assess how wealth is distributed across British households over time, leaving policymakers without a clear and reliable picture

Royal London and Quilter receive approval to deliver targeted support

Royal London and Quilter have received regulatory permissions from the Financial Conduct Authority (FCA) to deliver targeted support

Trustees urged to reassess covenant reliability amid geopolitical uncertainty

Trustees should place greater emphasis on covenant reliability amid ongoing geopolitical and economic volatility, according to LCP

DB trustees look to in-specie transfers and secondary market sales to manage illiquids at buyout

More than half (51 per cent) of defined benefit (DB) pension scheme trustees considering buyout are exploring in-specie transfers or secondary market sales to manage illiquid assets, research from Standard Life has found

The number of people accessing their pension savings as soon as they are able to has reached a five-year high, amid growing concerns about upcoming inheritance tax (IHT) changes, research from Lubbock Fine has shown

DB schemes warned of risks posed by defaulting to incumbent advisers in BPA deals

Defined benefit (DB) pension scheme trustees approaching bulk purchase annuity (BPA) transactions should carefully consider the risks of defaulting to incumbent advisers, Cartwright Pension Trusts has warned

Iveco pension scheme secures £100m buy-in with Aviva

The Iveco Limited Pension Scheme has completed a £100m full-scheme buy-in with Aviva, securing the benefits of all 225 deferred and 1,127 pensioner members

ICSWG publishes updated Climate Competency Guide for asset owners

The UK Investment Consultants Sustainability Working Group (ICSWG) has published an updated Climate Competency Guide, aiming to support asset owners with evaluating their investment consultants

Trustees have 'responsibility and opportunity' to close DB member experience gaps

Pension trustees must take a more proactive approach to improving member experience as schemes approach their endgame, Hymans Robertson has warned, as its research revealed persistent gaps in engagement, understanding and support

PSB could expose ‘significant data gap’ across UK pensions industry

The Pension Schemes Bill (PSB) could expose a significant data gap across the UK pensions industry, as schemes struggle to meet the operational and technological demands of a more consolidated and sophisticated system, Finbourne chair, Toby Glaysher, has warned

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Highlighted Content

A year of innovation

Before looking ahead to the forthcoming year, People’s Pension proposition director, Kirsty Ross, looks back at some of their biggest and brightest achievements in 2025

The power of private markets in DC

BlackRock’s report shows how integrating private markets into UK DC default portfolios could enhance long term value and resilience, supported by new modelling and practical implementation via LTAF structures today.

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

A shifting risk landscape

Aon’s 2025/26 Global Pension Risk Survey showed that operational, governance and cyber risks have become key considerations for schemes, regardless of size or structure.

Incorporating private markets into DC funds

Laura Blows discusses the role of private market investment within pension funds with Scottish Widows’ head of investment solutions, Mithesh Varsani

Latest Podcasts

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

Podcast: A look at asset-backed securities

Royal London Asset Management head of ABS, Jeremy Deacon, chats about asset-backed securities (ABS) in our latest Pensions Age podcast

The role of CDC

In the latest Pensions Age podcast, Laura Blows speaks to TPT Retirement Solutions Chief Client Strategy Officer, Andy O’Regan, about the role of collective DC (CDC) within the UK pensions space

Keeping on track

In the latest Pensions Age podcast, Sophie Smith talks to Pensions Dashboards Programme (PDP) principal, Chris Curry, about the latest pensions dashboards developments, and the work still needed to stay on track

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Check out our latest appointments

Appointments update – 2 April

Aptia has appointed Jaysukh Shah as bulk annuity proposition lead

Appointments update – 1 April 2026

Just Group has confirmed its new board of directors following the acquisition of Just Group by Brookfield Wealth Solutions

Appointments update – 31 March

Independent Governance Group (IGG) has announced 22 promotions, including three trustee directors

Appointments update – 20 March 2026

The London Pensions Fund Authority (LPFA) has appointed Carol Campbell as its director of governance, risk and legal

Appointments update – 18 March 2026

Law Debenture has made several senior pension 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

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Check out our latest jobs

Non-Executive Board Member

Posted by LPFA

We are now recruiting for a Non-Executive Board Member with strong audit, risk and assurance expertise.

Qualifications and experience

• Significant experience in audit, risk, finance, regulation or assurance gained in a complex or regulated environment
• Strong understanding of governance frameworks, risk management and internal control systems
• It is the expectation that the successful candidate will sit as a full member of the Audit and Risk Committee (ARC)
• Previous non-executive, trustee, board or committee experience is highly desirable
• Pensions, LGPS or public sector governance is advantageous but not essential

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Senior Pensions Manager & Professional Trustee

Posted by Sammons Pensions Recruitment

Comprehensive benefits & bonus

Hybrid c, 2 days a week office, various UK-wide offices

Key senior opportunity with this growing outsourced pensions management and scheme secretarial team with opportunity to take on professional trustee appointments.

To discuss this role in confidence please call Sarah Bergin-McCarthy on 020 7293 7022 or email sbm@sammons.co.uk. please quote reference 80225.

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Technical Operations Lead

Posted by Abenefit2u

Salary depended on experience

Hybrid – 2 days per week in London

Permanent

We’re looking for an experienced pensions professional to take on a key Technical Operations Lead role, driving day-to-day technical delivery and ensuring operational excellence across a dynamic and evolving environment

For a confidential discussion please telephone Tasha Davidson on 0208 274 2842 / 07958 958626 or email tasha@abenefit2u.com

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Pensions Operations Manager

Posted by Sammons Pensions Recruitment

Excellent benefits and bonus potential

Hybrid/London, c.3 days office per week

Fantastic career move with this hugely successful derisking specialist for a skilled senior Pensions Operations specialist.

To discuss this role in confidence please call Sarah Bergin-McCarthy on 020 7293 7022 or email sbm@sammons.co.uk. please quote reference 67970.

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Programme Manager

Posted by Abenefit2u

Depending on experience

London at least twice per week

Permanent

We are seeking an experienced Programme Manager to support the delivery of a complex and evolving business plan within a pensions environment. This is a senior role within the Management Team, responsible for overseeing a portfolio of projects and change initiatives, ensuring strong governance, effective reporting and successful delivery across the organisation.

You will provide high-quality management information to senior leadership, enabling effective control of business priorities, resources and risk. Working closely with senior stakeholders, you will establish clear project mandates, budgets and governance structures, ensuring all initiatives are delivered to agreed scope, time, cost and quality standards.

For a confidential discussion please telephone Tasha Davidson on 0208 274 2842 / 07958 958626 or email tasha@abenefit2u.com

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