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Latest news and analysis
Bulk annuities latest: Interface, Biffa and FirstGroup secure buy-ins
A trio of bulk annuity transactions have been publicised in recent days, securing the benefits of 4,700 members in deals totalling £450m.
Regulator gives green light to TPT to launch superfund
TPT has secured investment capital to back between £1bn and £1.5bn worth of transactions, and said it was already in discussions with “a growing number of schemes”.
Mansion House: DC providers make progress with UK holdings hitting £11bn
The 17 signatories to the Mansion House Accord have allocated 6.6% of total DC growth-phase assets to private markets as of 31 December 2025, according to new data.
'More reform needed' to increase UK pension system sustainability
The UK has slipped two places in an international ranking of pension systems, with researchers calling for higher retirement savings and wider auto-enrolment coverage to improve long-term sustainability.
UK has an ‘investability problem’, not a pension capital problem
Policymakers must focus on creating attractive investment opportunities rather than setting allocation targets if they want to unlock pension capital for UK private markets, according to PMI chair Ruston Smith.
Appointments: Royal Mail pension boss to depart; Festina hires Procentia CEO
The latest hires, promotions and appointments for the week ending 16 October 2026.
Torsten Bell on why the triple lock has to change
Despite shadow pensions minister Helen Whately warning that the prime minister will “live to regret” changes to the triple lock, Torsten Bell is adamant that change is necessary to balance sustainability and trust in the pension system.
Minister defends LGPS against sovereign fund proposals and praises progress
Pensions minister Torsten Bell defends LGPS progress and states that “we are in the foothills of what the pools can achieve”, amid political pressure for radical change.
Latest podcast
Always A Pensions Angle: Light Green Fever
Fresh from the Pensions UK Annual Conference in Liverpool, podcast co-hosts Nick Reeve and Tom Parker dissect the pensions minister’s speech and discuss AI, the state pension, and local government pensions.
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Comment
Railpen: The role of DB in boosting pension adequacy
With pension adequacy at the forefront of industry reforms, Railpen’s Jonathan Clark urges policymakers not to forget the vital role played by open defined benefit pension schemes for millions of people across the UK.
Building blocks: How tokenisation could reshape DC pensions
Louise Farrand, executive director of the DC Investment Forum, explores how blockchain and tokenisation technologies could revolutionise pension scheme investing.
ABI: Surplus extraction - lessons from insurers
As DB schemes gain greater flexibility to extract surplus, the ABI’s Robyn Smith argues that lessons from insurance regulation could help ensure greater freedom is matched by robust safeguards for members.
SPP: Is your pension scheme ready for run-on?
The Society of Pension Professionals’ Guy Bottomley looks at how pension schemes can prepare for the new run-on and surplus release options opening up for them.
Latest features
Torsten Bell on why the triple lock has to change
Despite shadow pensions minister Helen Whately warning that the prime minister will “live to regret” changes to the triple lock, Torsten Bell is adamant that change is necessary to balance sustainability and trust in the pension system.
In Depth: How trustees can manage AI risks in their schemes
The Pensions Regulator has set out six core principles for AI governance ahead of detailed guidance to be published later this year. Nick Reeve explores what these are and what they mean for governance processes.
Members still need a ‘human in the loop’ amid AI surge
Pension scheme members should be sceptical when using AI
VfM: What the industry said about the government’s Value for Money plans
From concerns over forward-looking metrics to calls for the framework to be expanded into decumulation, there has been a huge amount of feedback on the latest Value for Money consultation. Pensions Expert distils the main talking points.
In Depth: Pensions UK’s responses to crucial consultations as reform takes shape
With a trio of crucial consultations concluding this month, Nick Reeve explores what the pensions industry’s trade association is lobbying for and how it hopes to shape major reforms.
Torsten Bell on why the triple lock has to change
In Depth: How trustees can manage AI risks in their schemes
Members still need a ‘human in the loop’ amid AI surge
VfM: What the industry said about the government’s Value for Money plans
In Depth: Pensions UK’s responses to crucial consultations as reform takes shape
Latest on Defined Benefit
Bulk annuities latest: Interface, Biffa and FirstGroup secure buy-ins
A trio of bulk annuity transactions have been publicised in recent days, securing the benefits of 4,700 members in deals totalling £450m.
Regulator gives green light to TPT to launch superfund
TPT has secured investment capital to back between £1bn and £1.5bn worth of transactions, and said it was already in discussions with “a growing number of schemes”.
Bulk annuities latest: L&G seals £1.7bn deal with UBS; Royal London insures steel scheme
Legal & General has completed the biggest defined benefit pension scheme buy-in so far this year, insuring 7,000 members of a section of the UBS UK Group Pension Plan.
Superfund sector set to ‘take off’ as Clara onboards six schemes in unique deal
Following four deals announced this year, Clara-Pensions’ assets under management are now in the region of £2.5bn as consultants predict “exponential growth” for the superfund sector.
People news
Appointments: Royal Mail pension boss to depart; Festina hires Procentia CEO
The latest hires, promotions and appointments for the week ending 16 October 2026.
Appointments: featuring senior appointments and promotions at Hymans Robertson, WTW, Aptia and more
The latest hires, promotions and appointments for the week ending 9 October 2026.
Appointments: Industry stalwarts join Aviva and L&G IGCs; Zedra Inside Pensions hires three new trustee executives
The latest hires, promotions and appointments for the week ending 2 October 2026.
Appointments: New proposition lead at Smart; Border to Coast adds local investment manager
The latest hires, promotions and appointments for the week ending 25 September 2026.
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Latest on Defined Contribution
Mansion House: DC providers make progress with UK holdings hitting £11bn
The 17 signatories to the Mansion House Accord have allocated 6.6% of total DC growth-phase assets to private markets as of 31 December 2025, according to new data.
'More reform needed' to increase UK pension system sustainability
The UK has slipped two places in an international ranking of pension systems, with researchers calling for higher retirement savings and wider auto-enrolment coverage to improve long-term sustainability.
Why the pensions minister is sanguine on herding risk in VfM
Torsten Bell told the Pensions UK Annual Conference that the Value for Money regime could improve average returns for DC members, even if this resulted in some ‘herding’.
Turning DC savings into retirement income
How can defined contribution schemes support members throughout retirement? At a Pensions Expert roundtable, scheme representatives discussed guided retirement, the limits of member engagement and whether government reforms leave enough room for different approaches.
Latest on Dashboards
Why administrators are causing sleepless nights for DB trustees
Third-party vulnerability is among the biggest cyber risks facing DB pension schemes, according to a professional trustee survey
Digital services increasingly important to retirees, Aptia reports
As Pension Awareness Week begins, new research from Aptia shows more and more people are relying on their pension provider’s digital services to make key decisions about their retirement.
‘Life moments’ are key engagement points for employers, says WTW
Trustees and scheme managers expect members to use dashboards primarily around retirement and job changes rather than checking them regularly, according to the consultancy giant.
Bell says dashboard ‘has improved data quality’ as launch confirmed for 2027
The DWP has confirmed that 85% of schemes have connected to the dashboard ecosystem, with all in-scope schemes expected to meet the 31 October statutory connection deadline.
