UK DB pension schemes continue to enjoy extremely positive funding positions, with XPS Group reckoning aggregate surpluses of £252bn on long-term targets, up from £187bn the previous year.

Some 190,000 people, a record number, engaged with forgotten retirement savings following this year’s National Pension Tracing Day on 26 October.

The State Pension Age (SPA) should only increase if there is a corresponding rise in healthy life expectancy, according to pensions sector trade body Pensions UK.

The pensions industry should drive small pension pots consolidation by 2030, trade body Pensions UK has urged.

The influential Pensions and Lifetime Savings Association (PLSA) has been relaunched as Pensions UK and is planning what it calls, “an ambitious new strategy for the next decade and beyond.”