After receiving FCA approval to offer Targeted Support, retirement provider Legal & General said it will focus the new service on customers whose pension savings are fully invested in cash.
There were surges in lump sum withdrawals from private sector DC pensions in Autumn 2024 and 2025 as savers acted in anticipation of rumoured Budget changes.
There’s a massive concentration of power in occupational pensions with less than 50 people controlling more than half the money, according to former Pensions Minister Steve Webb.
The number of defined contribution pension schemes in the UK fell 15% to 790 in 2025, according to the latest data from The Pensions Regulator.
The decision to include unspent pension pots in the IHT tax net - announced in the 2024 Budget - is leading to larger pots being run down by those seeking to reduce potential tax bills, according to LCP partner Steve Webb.
The Society of Pension Professionals has called on the FCA to introduce guidance or caps on future growth assumptions, when it launches its new digital pension rules.
The Treasury has revealed that the Government will have the ability to set investment allocation targets under its upcoming multi-employer master trust rules as it shared details of the Pension Schemes Bill.
A new Mansion House Accord backed by 17 pension firms aims to help DC pension savers by using private markets to boost potential net returns, while strengthening investment in the UK.
Donald Trump’s tariffs could hit UK pensions, with DC savers warned they may experience a 20% cut in their retirement income.
