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Pensions Commission calls for system evolution amid widespread undersaving


By Jack Gray

The Pensions Commission has warned that the pension system needs to evolve to meet modern working lives, with 15 million people in the UK currently undersaving for retirement, according to its interim report.

The report highlighted that the issue was particularly evident among low and middle earners, the self-employed, and women, and the number undersaving could reach 19 million people without action


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Pensions Commission report sparks calls for urgent action on retirement adequacy

The pensions sector has broadly welcomed the interim report from the Pensions Commission, with industry figures warning that urgent action is needed to tackle widespread undersaving and improve retirement outcomes for future generations

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VC firms seeking greater urgency over Mansion House pension commitments

UK defined contribution (DC) pension default funds aligned with the Mansion House Compact have only made two legally binding commitments to venture capital (VC) funds so far, according to research from UK Private Capital

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Triple lock reform could save £19bn a year by 2035/36 - IF

The state pension triple lock is unsustainable, unpredictable, and intergenerationally unfair, and reform could save around £19bn a year by 2035/36 while still protecting the poorest pensioners through targeted support, a report by the Intergenerational Foundation (IF) has argued

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Asset owners increase private markets and digital asset exposure

Institutional asset owners are continuing to increase allocations to private markets and digital assets, while accelerating investment in data, technology and artificial intelligence (AI), according to Northern Trust’s 2026 Global Asset Owner Peer Study

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National LGPS Framework for Cost Transparency and Benchmarking Services launches

National LGPS Frameworks and the Scheme Advisory Board (SAB) have partnered to launch the first iteration of the Cost Transparency and Benchmarking Services Framework

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Raindrop appoints former Pensions Minister Guy Opperman as NED

Raindrop has appointed former Pensions Minister, Guy Opperman, as non-executive director (NED) to its board of directors

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Over £140m in DC contributions left unpaid after employer insolvencies since 2020

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Smart Pension launches retirement support service for savers aged 45 and over

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