Government sets out conditions for unlocking ‘trapped capital’ in defined benefit pension schemes Personal Finance The government has published a consultation setting out conditions on freeing ‘trapped’ capital from defined benefit pension schemes, in a bid to keep pace with the rapidly changing pension landscape and free up greater amounts of capital. The consultation, published on Wednesday by the Department of Work and Pensions, set out plans to give trustees [...]
Cliff-edge warning: Fewer than 10 per cent of Brits to achieve a comfortable retirement Personal Finance Large numbers of Brits are at risk of facing a retirement ‘cliff edge’ as people fail to save enough to achieve a moderate or comfortable retirement. For someone living on their own, a comfortable lifestyle would require an annual income of £45,400, a level only nine per cent of Brits are on track to hit, [...]
Millions of Brits face retirement ‘cliff-edge’ after not saving enough Personal Finance Millions of Brits are not saving enough to retire, leaving them facing a significant ‘cliff-edge’ upon leaving the workforce, a government-backed report has warned. The Pensions Commission, which was revitalised by the government to address the savings shortfall across the UK, said 15m people are not currently saving enough for retirement. The group warned this [...]
Mandation was never the way to get pensions investing in venture capital May 1, 2026 The VC industry should welcome the watering down of the Pension Schemes Bill – self-regulation, not the blunt instrument of mandation, is the answer, says Duncan Johnson After four back-and-forths between the two parliamentary houses, the Pension Schemes Bill is set to gain Royal Assent after the Lords accepted a final draft on Tuesday. The [...]
Pension industry 1-0 Torsten Bell April 30, 2026 We should be grateful that the absurd idea of a government-imposed cap on rent died less than 24 hours after it first reared its head, but another madcap Treasury scheme took far longer to bite the dust. The government’s Pensions Schemes Act (which passed into law yesterday) contained plenty of sensible and interesting measures, including [...]
End of deadlock: Pension Schemes Bill to become law as government backs down April 29, 2026 The Pension Schemes Bill is set to become law after the House of Lords agreed to final watering down plans from the government, ending the long-standing deadlock between the two houses. The legislation had run into multiple walls amid consistent back and forth between the lower and upper house, after neither side refused to back [...]
Pension deadlock: Government and Lords refuse to back down in stalemate April 28, 2026 The government and the House of Lords are locked in a high-stakes political standoff over pensions, both refusing to back down on their demands for the Pension Schemes Bill, leaving its passage up in air as the clock winds down on this parliamentary session. Attempts to finalise the bill in the upper house remain ensnared [...]
Pensions belong to savers, not the state April 23, 2026 No government should have the power to direct where pension savings are invested, says Helen Whately Alongside the Starmer-Mandelson debacle, the everyday work of government is stumbling on. The Pension Schemes Bill, for instance, should by now be approaching the end of its legislative journey. Instead, it has run into sustained resistance in the House [...]
Pension ping pong: Now government backtracks on mandation powers April 22, 2026 The government has been forced to water down controversial mandation powers in the Pension Schemes Bill after prolonged uproar from the pensions industry and opposition MPs and peers. Pensions minister Torsten Bell has tried to push through the bill with a clause that gives ministers the power to force funds to invest in UK infrastructure [...]
‘Pet projects’: Tories slam pension mandation powers as Labour refuse to back down April 16, 2026 The Conservatives have slammed the controversial mandation powers in the Pension Schemes Bill, after parliament swept aside the amendments put forward by the House of Lords. Labour has come a step closer to finalising the bill, after it used its government majority to stamp out more than 80 amendments put forward by the upper house, [...]