Retirement savers hit with £87m tax bill after cashing in pension pots
UK retirement savers fully cashing in pension pots worth £100,000 or more handed over a total of at least £87m in tax in six months, according to analysis of FCA data by...
Pensions
Financial resilience among UK workers declines by 7pc
Financial resilience among UK employees has declined over the past year, with only one in four workers now classed as financially resilient. This is according to research from Hymans Robertson Personal Wealth's...
CDC Forum co-chair Pitt-Watson appointed as Parliamentary Secretary in HM Treasury
Among the ministerial appointments this week is CDC advocate and co-chair of the RSA Collective Defined Contributions (CDC) Pensions Forum, Lord David Pitt-Watson, who has been named Parliamentary Secretary in HM Treasury. Pitt-Watson,...
Empowering financial confidence for life
The workplace savings market has never stood still; today it’s evolving faster and becoming more competitive than ever before. Against that backdrop, I believe our role at Aegon is very clear: helping...
Torsten Bell reappointed as pensions minister
Torsten Bell has been formally reappointed as pensions minister, to serve in the same position in Andy Burnham’s cabinet as he did under previous prime minister Keir Starmer. Bell is considered a...
TPT builds DB superfund pipeline ahead of 2027 launch
TPT is preparing to launch a defined benefit (DB) superfund, with two cases currently being priced and more than 10 potential transactions in its pipeline. At a roundtable, TPT said the superfund...
DB surpluses remain strong with renewed focus on endgame
UK defined benefit pension schemes of FTSE 100 companies were in a strong position at the end of Q2, with an accounting surplus of around £55bn (120 per cent funding level). The...
Q1 saw increase in future living standards for retirement savers
The Aon UK DC Pension Tracker rose over the first quarter of 2026, with all savers expected to see an increase in their expected future living standard in retirement. The Tracker rose...
Gallagher: Three quarters of UK pension decision makers to explore CDC
Interest in collective defined contribution pensions is increasing, with more than three quarters (76 per cent) of UK pension decision-makers set to consider a CDC option within the next three years. The...
SPP calls for changes to draft GMP conversion rules
The Society of Pension Professionals has urged HMRC to amend draft legislation designed to protect pension savers from unintended annual allowance tax charges following Guaranteed Minimum Pension conversion. This conversion is a...
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Restore calls for scrapping of FCA and PRA
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Standard Life wins £6.2bn of new workplace schemes in six months
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Arboreum launches new multi-employer CDC scheme
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Industry raises concerns over how scale can impact investment approach
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Bumper growth for world’s largest pension funds as UK market contracts
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Calls for joined-up approach to pensions dashboards and IHT
