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TPR urges trustees to ensure defaults reflect saver patterns

By Jack Gray

2/3/26

The Pensions Regulator (TPR) has called on trustees to consider saver cohorts based on contribution patterns when designing future default pension strategies.

In a blog from TPR director of strategy and communications, Patrick Coyne, the regulator highlighted the importance of understanding modern saver patterns when implementing default plans

FCA opens targeted support authorisation gateway

The Financial Conduct Authority (FCA) has opened its authorisation gateway for targeted support, with firms now able to apply for permission to provide recommendations under the new regime

Spring Statement set to test pension stability as adequacy and tax pressures mount

With the Spring Statement due on 3 March, figures from the pensions industry are calling for clarity and stability, warning that even in the absence of sweeping reform, the signals sent by the Chancellor will shape savers' confidence for years to come

Phoenix Group completes name change to Standard Life

Phoenix Group Holdings plc has changed its name to Standard Life plc and has been listed on the London Stock Exchange under the ticker of SDLF

PMI marks 50th anniversary with renewed focus on standards and education

The Pensions Management Institute (PMI) has used its 50th anniversary to set out a renewed focus on raising professional standards, strengthening education and supporting the next generation of pension professionals, amid what it described as a period of “profound structural change” for the industry

Policy and geopolitical turmoil drive record share of DB sponsor profit warnings

Geopolitical and policy uncertainty were cited in a record proportion of profit warnings issued by UK-listed companies with defined benefit (DB) pension schemes in 2025, according to analysis from EY-Parthenon

Average simple pension transfer time falls to 10.2 days

Simple pension transfers took an average time of 10.2 days to complete in 2025, down from 10.5 days the previous year, according to the latest data from Origo

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Safeway Pension Scheme secures £80m buy-in with Canada Life

The Safeway Pension Scheme has completed an £80m buy-in with Canada Life, insuring the benefits of over 350 deferred members and 1,450 pensioners

Govt urged to prioritise pension policy stability in Spring Statement

The government should commit to the long-term stability of pension policy and avoid further adjustments that could add to saver uncertainty in its Spring Statement, PensionBee has stated

Just Group underlying operating profit falls by 39%

Just Group reported an underlying operating profit of £305m in 2025, down 39 per cent from £504m in 2024, amid lower new business margins on lower sales, its 2025 Results Report has shown

Employers warned modest pension defaults risk worsening adequacy gap

Most employees are being defaulted into pension contribution levels that leave them with less than a one-in-three chance of achieving a moderate retirement income, according to a report from Hymans Robertson

Aegon updates modelling tool to help members benchmark retirement needs

Aegon has updated its retirement modelling tool for workplace pension members to help them benchmark their retirement needs

News in brief - 27 February 2026

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

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Highlighted Content

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 March 2026

Railpen has appointed Helen Whelan as chief risk officer and Sian Myers as chief people officer

Appointments update – 24 February 2026

London CIV has announced the appointment of Danny Firth as chief operating officer

Appointments update – 18 February 2026

BlackRock has appointed Cyprian Njamma as head of investment strategy for UK defined benefit (DB) pensions

Appointments update – 12 February 2026

Legal and General (L&G) has appointed Lucy Blanchard-Burton as head of master trust and Independent Governance Committee (IGC)

Appointments update – 5 February 2026

LGPS Central has confirmed David Kane will serve as its permanent chief finance officer (CFO) following a period as interim CFO, while Nicola Dymond has been appointed as chief operations & technology officer

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

Head of Pensions

Posted by

84,421 to £93,565 plus benefits and relocation support

Stevenage / Hybrid

Full time

The Hertfordshire Pension Fund is part of the Local Government Pension Scheme (LGPS) and administered by Hertfordshire County Council. With 123,922 members, 529 employers, and £6.25 billion in assets, we are a cornerstone of financial security for thousands of public sector employees across the county. Joining us means playing a vital role in delivering excellence, innovation, and integrity in public service.

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Pensions UK Chair

Posted by Pensions UK

Pensions UK is the voice of pensions in the UK, trusted and heard by the government and the pensions industry.

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International Pensions and Benefits Manager

Posted by Sammons Pensions Recruitment

six figure base, superb benefits package and bonus potential

London Office Based

Varied and rewarding in-house appointment to manage international pensions, employee benefits and wellness plans.

To discuss this role in confidence please call Sarah Bergin-McCarthy on 020 7293 7022 or email sbm@sammons.co.uk. please quote reference 72659.

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Pensions System Developer

Posted by Abenefit2u

Salary depended on experience

Either 100% remote or hybrid working in London or South East

Permanent

Are you an experienced SQL Developer with pensions or payroll systems knowledge? Do you thrive on working with complex data in a regulated environment where accuracy, compliance and quality truly matter?

This ambitious and expanding business is strengthening its already well-established development function and is seeking a talented SQL Developer with pensions experience to join its growing team. With recent new business wins driving expansion, this is an exciting opportunity to step into a key role offering real influence, autonomy and the chance to shape systems that directly support pensions operations and client delivery.

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

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Deputy Pensions Manager, in-house

Posted by Sammons Pensions Recruitment

Competitive package + comprehensive benefits

Hybrid/Surrey offices 2 days a week

Exceptional, progressive in-house appointment for a motivated Pensions professional. M&A and TUPE knowledge beneficial.

To discuss this role in confidence please call Sarah Bergin-McCarthy on 020 7293 7022 or email sbm@sammons.co.uk. please quote reference 71351.

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THE ROLE OF INSURANCE LINKED SECURITIES (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

Private markets – a growing presence within UK DC

Laura Blows discusses the role of private market investment within DC schemes with Aviva Director of Investments, Maiyuresh Rajah

Podcast: From pension pot to flexible income for life

Podcast: Who matters most in pensions?

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