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Comments on the FCAs 5 Year Strategy Plan Just Group, ABI and Standard Life comment following the publication of the Financial Conduct Authority’s five-year strategy Posted in: Investment - Articles Posted on: Tuesday Mar 25

Pensions for 9 in 10 DC savers invest in productive assets TPR says larger schemes more likely to have the right governance standards and invest in a diversified portfolio. Smaller schemes seem less likely to meet TPR’s governance expectations. Posted in: Pensions - Articles Posted on: Tuesday Mar 25

Hymans Robertson appoint 4 Equity members and 12 Partners Hymans Robertson, the leading pensions and financial services consultancy, has announced the appointments of four new Equity Members and 12 new Partners. Gemma Sefton, Sally Haran, Ross Fleming and Susan McIlvogue have been promoted to equity members at the firm. Posted in: Lifestyle Article Posted on: Tuesday Mar 25

8% of Gen X savers have GBP100K in savings and cash ISAs Gen X ‘cash stashers’ hold an average of £34,114 in cash with nearly one in 10 (8%) holding over £100,000. Nearly half (46%) of Gen X say that investing in stocks and shares is ‘too risky’ for them Posted in: Investment - Articles Posted on: Tuesday Mar 25

1 in 10 forget to remove their ex as their beneficiary One in 10 divorcees have forgotten to remove their former spouse as the beneficiary of their life insurance policy (10%). Only 7% of people who divorced discussed life insurance beneficiaries as part of their separation and only 27% have cancelled a joint life insurance policy they had when they were married. 11% who have divorced have either delayed or forgotten to remove their ex-partner from their will. Posted in: Life - Articles Posted on: Tuesday Mar 25

FCAs 5 year strategy to support growth and improve lives The Financial Conduct Authority (FCA) has launched a new 5-year strategy to deepen trust, rebalance risk, support growth and improve lives. Posted in: Investment - Articles Posted on: Tuesday Mar 25

Howden to acquire Barnett Waddingham Acquisition creates new global force in employee benefits, providing a platform for Howden to expand pension and related investment and risk services for clients in global markets. Following completion, Howden as a whole will employ over 10,000 people in the UK across more than 200 locations, serving more than 2 million individuals in addition to providing services to commercial and corporate clients. Over the last five years, Howden has made investments worth £2.4 billion to expand its UK footprint Posted in: Investment - Articles Posted on: Tuesday Mar 25

IFRS 17 Reporting Update Fresh analysis from Fitch considers the current state of IFRS 17 reporting, revealing how close – or not – the standard has come to its original objectives of comparability and transparency. The adoption of IFRS 17 has driven significant change across the insurance industry. Despite the new global accounting standard’s goal of enhancing comparability and transparency, compliance has proven complex, with varying interpretations and approaches adopted by carriers across the life and non-life segments. Posted in: Articles Posted on: Tuesday Mar 25

Comment on FCA study of protection products to consumers The FCA launched a new market study into distribution of pure protection products to retail consumers to discover if competition is working in the interest of consumers. Posted in: Life - Articles Posted on: Monday Mar 24

Car insurance premiums fall by 17 percent in last 12 months Motorists are now on average paying £777, which is £164 less than one year ago, with easing claims inflation and frequency contributing to this trend. Posted in: General Insurance Article Posted on: Monday Mar 24

Tracking risk, people and AI predictions 5 years after COVID As working from home appears here to stay, effective leaders take a balanced and thoughtful approach to support employee wellbeing and organizational resilience. As business leaders mark the fifth anniversary of COVID-19 lockdowns, they take stock of the post-pandemic impact on people, risk and capital. Boards and senior management teams continue to pursue growth while managing risks and opportunities as they navigate a still increasingly complex world. Posted in: Articles Posted on: Monday Mar 24

1 in 8 prospective annuity buyers unwilling to shop around Alongside extra retirement income, consumers call out lower fees, financial stability, and concerns about their incumbent provider as the top reasons to switch. Nearly a quarter (23%) of people say they don’t know where to start when it comes to switching provider. New research by Canada Life has revealed that one in eight people intending to purchase an annuity would not consider switching from their existing pension provider to another supplier, even if they could potentially gain additional retirement income. Posted in: Investment - Articles Posted on: Monday Mar 24

FCA launches study on pure protection market providing value The FCA has launched a market study into how well the distribution of pure protection insurance products – which support families with financial commitments if someone becomes critically ill or dies – is working for consumers. Posted in: Life - Articles Posted on: Monday Mar 24

Almost 300 buyin transactions completed in 2024 a new record 299 defined benefit (DB) pension scheme buy-ins were completed in 2024 – the largest ever number of transactions completed in a single year, according to analysis by Hymans Robertson. This is an increase of one third from the previous record of 226 buy-ins completed in 2023. Posted in: Pensions - Articles Posted on: Monday Mar 24

VCTs are the lesser known way to save up to GBP120K in tax Listed on the London Stock Exchange, Venture Capital Trusts (VCTs) typically invest in small, young and innovative companies that are unlisted and often privately owned. Investors in VCTs can enjoy exposure to diversified sources of growth whilst benefitting from generous tax reliefs. You can invest up to £200,000 per tax year in VCTs and receive up to £60,000 income tax relief. Using this and next tax years allowances over the next two weeks could provide up to £120,000 income tax relief (limited by the amount of income tax you have paid in each year). Posted in: Investment - Articles Posted on: Monday Mar 24

Transfer Activity index fell to record low in February 2025 XPS Group’s Transfer Activity Index has fallen to the lowest observed rate since the Index was established in 2018. In February 2025, there was an annualised rate of 13 members in every 1,000 transferring their benefits to alternative arrangements. This was the third consecutive month the Index had fallen, suggesting that members are becoming increasingly cautious when making decisions about their retirement arrangements. Posted in: Pensions - Articles Posted on: Monday Mar 24

Research highlights worrying Ovarian Cancer awareness gaps 62% of women surveyed lacked knowledge of ovarian cancer. This rises to 73% in women over 55 years. 43% thought that a smear test could diagnose ovarian cancer. Last year Aviva paid out over £6.4m in private medical insurance claims for ovarian cancer, an increase of 53% compared to 2023. Posted in: Life - Articles Posted on: Friday Mar 21

BT Pension Schemes GBP10bn longevity swap deal with Swiss Re The BT Pension Scheme (“BTPS” or “the Scheme”) one of the UK’s largest private sector pension schemes with c.260,000 members and c.£36bn of assets under management has recently completed two longevity reinsurance transactions. These transactions further protect BTPS from the cost of unexpected increases in the life expectancy of its members. Posted in: Investment - Articles Posted on: Friday Mar 21

Insurance Premium Tax hits new record with 1 month to go According to this morning’s HMRC data, Insurance Premium Tax (“IPT”) receipts stood at £1.3 billion in February 2025, bringing the 11-month total for the 2024/25 financial year to £8.8 billion. In the full 2023/24 financial year, IPT raised £8.1 billion so the tax has already registered a record annual haul with one month of receipts still to be counted. Posted in: General Insurance Article Posted on: Friday Mar 21

Inheritance Tax receipts set new record with a month to go Just Group and Utmost Wealth comment on latest tax receipts update from HMRC showing that Inheritance Tax (IHT) receipts reached £7.6 billion in the first 11 months of this Tax Year (2024/25). It surpasses the full year’s total in 2023/24 (£7.5 billion) to set a new annual record tax-take with one month of IHT receipts still to come and marks an 11% increase on the comparative period last year (£6.8 billion through first 11 months of 2023/24). Posted in: Investment - Articles Posted on: Friday Mar 21

Rates on hold and what it means for you The Bank of England held rates at 4.5%, as forecast. The markets are pricing in a cut in May or June, and another around September. The monetary policy committee voted 8 to 1 for no change. One member voted for a 0.25% cut. What this means for markets, savings, annuities and resilience. Posted in: Investment - Articles Posted on: Thursday Mar 20

Two thirds of employers embrace responsible pensions Scottish Widows has revealed that more than two-thirds (69%) of employers in the UK now offer a responsibly invested company pension* - but less than half have it as their default option (44%), which puts the onus on employees to take action if they want to switch. However, Scottish Widows’ Responsibly Invested Pensions Report reveals that nearly two thirds (61%) of employees have no idea how to do that, highlighting a growing need for employers and advisers to educate workers on this issue. Posted in: Articles Posted on: Thursday Mar 20

Industry comments as Bank of England puts base rate on hold Hymans Robertson, XPS Group, LCP and My Pension Expert comment as the Bank of England put base rate on hold at 4.5% Posted in: Pensions - Articles Posted on: Thursday Mar 20

First FCA enforcement action against an Investment Exchange The Financial Conduct Authority (FCA) has fined the London Metal Exchange (LME) £9.2 million for failing to ensure its systems and controls were adequate to deal with severe market stress. Posted in: Investment - Articles Posted on: Thursday Mar 20

From April 2026 you will pay tax on State Pension alone 5.8% wage growth brings Personal Allowance into focus for pensioners ahead of the Spring Statement. As it stands, from April 2026 people could pay tax on the state pension alone. Further inflation-busting state pension rise would feed affordability debate Posted in: Pensions - Articles Posted on: Thursday Mar 20

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