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Data centres offer UK pension schemes ‘trillion-dollar’ infrastructure opportunity


By Callum Conway

UK pension schemes being encouraged to increase investment in private markets could find a significant opportunity in the rapid expansion of data centres, according to Investment Performance Services (IPS) president, Jennifer Mink.

Speaking to Pensions Age, Mink noted that artificial intelligence (AI) had transformed data centres from a relatively small real estate subsector into what she described as a “trillion-dollar asset class”, widening the range of ways pension investors could gain exposure


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Industry left 'in limbo' by DWP’s DC scheme scale policy timeline

The Department for Work and Pensions’ (DWP) extended regulatory timetable for its defined contribution (DC) scheme scale policy risks planning paralysis and harming innovation in the pensions industry, the Society of Pension Professionals (SPP) has warned

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Four in five professional trustees expect role to evolve amid changing DB market

Nearly 80 per cent of professional trustee firms believe the role will need to change as defined benefit (DB) schemes become better funded and navigate a growing range of endgame and surplus opportunities, according to LCP's latest Soulmates report

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Pensions UK calls for national adequacy benchmark and state pension target

The UK needs a single, coherent framework for measuring retirement adequacy if policymakers are to determine whether pension reforms are actually improving outcomes for savers, according to Pensions UK

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DWP urged to ensure DB surplus flexibilities prioritise member benefits and trustee independence

The security of members’ benefits and independent trustee decision making must remain the priorities in defined benefit (DB) pension scheme surplus flexibility, Independent Governance Group (IGG) has argued

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Capita has 2,501 Civil Service pension cases over 100 days old

Capita has 2,501 Civil Service Pension Scheme (CSPS) cases that have been outstanding for over 100 days, with the Government Actuary’s Department (GAD) set to provide additional support on some of the oldest and most complex cases

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Pensions industry urged to strengthen AI visibility, accountability and controls

Pension schemes and providers need to strengthen their understanding of where artificial intelligence (AI) is being used in operations, what data it has access to, who is accountable, and what happens when something goes wrong, according to Penfold

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Pension scheme members unaware investment is main pension growth driver

Three quarters (75 per cent) of pension scheme members are unaware that investment growth is the main driver of pension pot values over the long term, according to analysis by Standard Life
SIPP reforms risk 'information overwhelm' as firms call for clarity

Industry bodies have urged the Financial Conduct Authority (FCA) to provide greater clarity and avoid unnecessary regulatory complexity in its proposed reforms to self-invested personal pensions (SIPPs)
Guest comment: Trustees should prepare now for the new DC pensions era

TPR director of DC and master trust supervision, Kim Goodall-Brown, calls on trustees and schemes to assess whether they meet the new requirements set out in the Pension Schemes Act 2026
AI changed financial decisions for almost half of Gen Z

Almost half (48 per cent) of Gen Z adults have changed their minds about a financial decision after consulting artificial intelligence (AI), compared with just 2 per cent of people from the Silent Generation (aged 81 and older), according to research by Aegon

Industry bodies call for greater clarity and flexibility in DB surplus regime

The government has been urged to provide greater flexibility and administrative clarity around its proposed defined benefit (DB) surplus regime, with industry bodies warning that parts of the framework could prove unnecessarily burdensome in practice
P&O Ferries pays £94m Merchant Navy Ratings Pension Fund debt

P&O Ferries has paid the £94m it owed to the Merchant Navy Ratings Pension Fund (MNRPF) in full, following negotiations between the scheme’s trustees and DP World


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Highlighted Content

A clearer path to private markets

Attendees explored how private markets would be a key evolution in the coming years and the important factors to consider when building an allocation.

Reforms focus: A changing landscape

Smart UK chief executive, Jamie Fiveash, shares more about Smart Pension surpassing £10 billion in assets under management (AUM) and how this is much more than just a number

Investment governance: Striving for excellence

What are the investment governance challenges for small schemes? Are today’s operating models fit-for-purpose? Where does AI fit into the governance framework? These are just some of the questions our governance panel addresses this month

Rothesay publishes its latest edition of "The journey to buy-out: The evolving endgame"

This year’s edition covers current topics exploring how the BPA market is evolving and driving innovation, as well as how the market is adapting to the needs of schemes of all sizes.

Tech for a new world

From dashboards and targeted support, to transfers and tracing, our panel considers the technological challenges and opportunities that will define the future of pensions

Pensions Age Northern Conference: Meeting the challenges of a new pensions world

The new Pension Schemes Act, the push towards megafunds, the role of private markets,

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Fewer hands, greater power

Consolidation is reshaping UK pensions, concentrating power among fewer trustees and driving a shift towards a more professional, large-scale governance culture. But alongside the benefits, it also raises important questions around accountability, diversity, and whether member voices risk getting lost

Economic abuse: Targeting pension savings

Laura Blows explores how pensions can be weaponised in economic abuse, along with the industry’s duties when such abuse is suspected

International Influence

Paige Perrin explores which countries influence the UK pensions system, what lessons can be adopted, and where regulatory and cultural differences limit direct comparison

Clearing a path

Attempts by legislators and regulators to improve the UK’s pensions system add to its complexity and may also create new problems. David Adams reports on some of the most significant gaps and contradictions in an ever-more complex system

Reforms focus: A changing landscape

Smart UK chief executive, Jamie Fiveash, shares more about Smart Pension surpassing £10 billion in assets under management (AUM) and how this is much more than just a number. Fiveash also discusses the changes occurring in the DC industry, including reforming the DC transfer framework, delivering true value for money, and resolving the small pots problem

Focused on the future

Paige Perrin sits down with Avon Pension Fund head of fund, Nick Dixon, to discuss the fund’s priorities, how it is using its surplus, and progress towards its climate targets

A new chapter

Society of Pension Professionals (SPP) president, Calum Cooper, sits down with Paige Perrin to discuss his recent appointment as SPP president, priorities for his tenure and the challenges facing the pensions system

A mid-life (pensions) crisis

Callum Conway explores why Gen X has become a key focus for the Pensions Commission, as the cohort approaches retirement caught between the decline of DB provision and the late arrival of auto-enrolment

IPOs blasting off

Sandra Haurant considers how the SpaceX record-breaking IPO will impact indices, and in turn, pension funds’ passive investments

Beyond the back office

Pensions administration has typically been seen as a back-office function. However, Paige Perrin investigates how this perception is changing as administration plays a increasingly crucial role in major strategic initiatives

The right balance

With systematic challenges ahead for the state pension, how do policymakers improve fiscal sustainability without sacrificing simplicity and retirement security?

The right connection

Targeted support currently only falls under the Financial Conduct Authority’s remit with DC schemes. Paige Perrin investigates if there could be space to explore expanding the regime to The Pensions Regulator’s jurisdiction of DB schemes and beyond

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CDC in the UK pensions market
Pensions Age editor, Laura Blows, talks to Sophie Dapin, Director, Institutional Solutions EMEA at BlackRock, and host of BlackRock’s Rewiring Retirement podcast, about the growing interest in collective DC in the UK pensions market

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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