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New ACA chair sets out agenda on adequacy, DB surpluses and CDC


By Callum Conway

The Association of Consulting Actuaries (ACA) has appointed Aon partner, Chintan Gandhi, as its new chair, setting out a vision focused on improving pension adequacy, making better use of defined benefit (DB) surpluses and supporting the development of collective defined contribution (CDC) pensions.

Gandhi officially took office on 1 June 2026, succeeding Isio partner, Stewart Hastie


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Around one in eight young adults feel pension engagement is ‘pointless’

Around one in eight (12 per cent) young adults, equivalent to approximately 2.2 million people, feel engaging with their pension is pointless because they will never be able to retire, research from People’s Pension has shown

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Nearly 3 million workers expected to cut pension contributions after salary sacrifice changes

Nearly three million (2,888,000) workers are expected to reduce their pension contributions when salary sacrifice changes come into effect in 2029, a freedom of information (FOI) request from LCP to HMRC has revealed

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Quilter launches targeted support proposition through Quilter Invest

Quilter has launched a new targeted support offering through Quilter Invest, aimed at helping consumers in the early stages of their investment journey and providing advisers with a solution for clients who may not yet require full financial advice

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Isio connects more than 100 schemes and 150,000 members to dashboards

Isio has announced that it has connected more than 100 pension schemes, covering over 150,000 members, to pensions dashboards, marking what it described as a major milestone in its dashboards programme

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Over-50s' understanding of annuities rises amid favourable rates and economic uncertainty

Understanding of annuities among over-50s has increased significantly over the past year, with two-thirds (67 per cent) now correctly identifying that annuities provide a guaranteed income for life, according to research from Standard Life

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Pension Schemes Act reforms could encourage DC investment 'convergence'

The Pension Schemes Act 2026 has the potential to improve outcomes for defined contribution (DC) pension savers, but there are concerns that some of its reforms could encourage schemes to adopt increasingly similar investment strategies, according to XPS Group

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Milburn Report highlights growing retirement saving challenges for young people

A report authored by former Health Secretary, Alan Milburn, has highlighted the number of people aged 16-24 not in education, employment, or training (Neet), sparking concerns about the knock-on impact on saving for retirement
Pension scheme design can cut years off first-time buyers’ journey

The design of workplace pension schemes can significantly influence how quickly young employees are able to buy their first home, according to new research from Hymans Robertson
Young disabled people face £245,000 retirement savings gap

People disabled before entering the workforce could retire with pension savings more than £245,000 lower than their non-disabled peers, new research from PensionBee has found
Nearly a third of pensioners worse off than before retirement

Almost a third (31 per cent) of retirees believe their living standards have dropped compared to pre-retirement, while only 20 per cent feel they have improved, analysis from Standard Life has shown

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News in brief - 29 May 2026

The latest news in brief and mandates from the past seven days
Over 70 million pension records connected to dashboards ecosystem

More than 70 million pension records are now connected to the pensions dashboards ecosystem, according to the latest update from the Money and Pensions Service (Maps).

The figure represented around 85 per cent of records currently in scope for pensions dashboards, and includes nearly 1,500 pension providers and schemes that have completed connection, including the first four cohorts of medium-sized providers and schemes


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A power struggle

At the end of April, the long-running dispute about including investment mandation powers in the Pension Schemes Bill was finally settled with a last-minute compromise, after the row had threatened to sink the whole Bill. But why did this proposal to compel investment in some UK assets unite most of the pensions industry in opposition to it – and is the issue now really resolved? David Adams reports

Taxing confidence

With upcoming tax changes set to reshape both pension contributions and inheritance, Paige Perrin examines how reforms to salary sacrifice and inheritance tax (IHT) could affect saving behaviour, potentially weakening incentives at a critical time for pension adequacy

Direction of travel

There has been a push on the continent for pension reform, moving from first pillar-based systems to ones centred around second- and third-pillar provision. What are the implications for UK trustees?

Rethinking trustee oversight

As schemes consolidate and governance demands increase, Paige Perrin investigates industry opinions on the idea of a central trustee register, and how it could operate in practice, from scope and design to potential unintended consequences

The UK equity question

Sandra Haurant examines the shift from UK-focused equity allocations to global portfolios, and what it means for pensions and the domestic economy

Surplus in the spotlight

Association of Pension Lawyers chair, Matthew Swynnerton, reflects on the surplus implications of the Pension Schemes Act and The Pensions Regulator’s expectations

Shaping regulatory evolution

Financial Reporting Council executive director of regulatory codes and standards, Mark Babington, sits down with Paige Perrin to discuss the regulator’s current priorities, including its consultation on proposed changes to actuarial standards for CDC schemes and its ongoing work on the UK Stewardship Code

Rules and regulation roundup: What the FCA and TPR have on their plates

Callum Conway looks at how the FCA and TPR are moving from consultation to delivery, as targeted support, dashboards and the Pension Schemes Act drive a more outcome-focused, data-driven pensions system

Data regulations: Fit for purpose?

Thisbe Titley explores whether rules governing how pension schemes manage members’ data are keeping pace with modern risks

The journey to onboarding

Pensions Age sits down with Local Pensions Partnership Investments (LPPI) chief operating officer, Louise Jack, to discuss the provider’s onboarding of new partner funds following the 1 April implementation date for the government’s ‘Fit for the Future’ reforms

Thinking outside the box

Sometimes not abiding by standard protocol and instead thinking outside the box can make all the difference when it comes to assisting clients. Pensions Age finds out how

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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

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