People's Pension has returned more than £150m to members through its savings reward scheme, with over £4m currently being paid back to savers each month.

Launched in 2020, the initiative rewards members as their pension savings grow and could be worth up to £17,284 for an individual earning an average salary of £35,000, according to the provider's illustration. People's Pension chief commercial officer, David Meliveo, said: "Reaching the £150m milestone is a really significant moment for us and underlines our commitment to fairness." He added that the initiative demonstrated how the scheme's growth enabled it to return more value to its 7 million members. The milestone follows several enhancements to the scheme's offering, including an annuity guidance service, personalised video communications and a retirement income planning tool.

The Universities Superannuation Scheme (USS) and Primary Health Properties (PHP) have increased the target size of their existing healthcare property joint venture from £250m to £400m, with potential to grow to £800m subject to further approval.

The partnership, in which USS holds an 80 per cent stake and PHP 20 per cent, invests in primary care properties leased to NHS organisations and GP practices. PHP has also exchanged contracts to transfer nine healthcare assets worth approximately £67m into the venture, taking its portfolio beyond the original £250m target. USS Investment Management head of property, Alex Turner, commented: "As the UK's demographics evolve, we continue to believe in the robustness of the healthcare sector, and we're delighted to invest further into primary care." The expanded venture will support further investment in NHS community healthcare infrastructure, including new Neighbourhood Health Centres.

More than half (50.8 per cent) of British adults have used artificial intelligence (AI) tools to obtain financial information, while 41 per cent of 18-24-year-olds turn to social media for financial advice, according to research from Aqua.

The credit card provider's Financial Learnings and Mistakes 2026 report, based on a survey of 2,000 UK adults, found that 35.2 per cent use AI for financial advice at least weekly, while 10.5 per cent do so daily. However, the research highlighted potential risks, with respondents who reported losing money after following AI-generated financial advice estimating an average loss of £377. Aqua commercial strategy director, Scott Yule, warned that AI-generated information may not always be accurate or appropriate for individual circumstances, urging consumers to verify information against trusted sources. The research also found that 36.3 per cent of respondents felt more financially confident than a year earlier, while 26 per cent felt less confident. Meanwhile, 21 per cent identified impulse purchases as their biggest financial mistake, with average overspending of £398.

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