Structural deficiencies, soaring housing costs, and shifting work patterns mean millions of UK workers are heading towards an inadequate retirement unless the government enacts significant reforms.
To help solve the crisis, in this response, the SPP have outlined a series of bold interventions that policymakers should consider in order to dramatically boost pension saving and pull forgotten workers into the savings net.
As the UK endured record June temperatures, the SPP publishes Pensions in a Warming World, a major new thought leadership paper warning that climate change is becoming a defining factor in pension outcomes, funding strategies and retirement security across the UK.
Tags: CDC, Climate Change, DB, DC, environmental, investment, Net Zero,
A comprehensive analysis of the DB Investment ecosystem in the UK reflecting on SPP’s Vision 2030 paper, DB investment developments, trends and their likely impact.
Tags: DB, Defined Benefit, investment, pension, Pensions,
This is a comprehensive Diversity, Equity & Inclusion (DEI) paper, which covers Social Mobility, Neurodiversity, LGBTQ+, Disability, Gender and Ethnicity.
This collection of articles will help to further raise awareness and understanding of the continued importance of DEI, as well as stimulating debate both within the pensions sector and the wider business world.
Tags: DEI, Disability, diversity, EDI, Equity, Ethnicity, Gender, inclusion, investment, LGBTQ+, neurodiversity, pension, Pensions, Savings, social mobility,
This Diversity, Equity & Inclusion paper features the thoughts of Stonewall Chief Executive Simon Blake and SPP member Savannah Adeniyan in relation to the issue of LGBTQ+ in the pensions and wider business worlds.
The Diversity, Equity & Inclusion paper features the thoughts of Tabitha Morton, Executive Director, UN Women UK and Sophia Singleton, President of the SPP in relation to the issue of gender in the pensions and wider business worlds.
This SPP paper explores the case for policies that will enable collective schemes, including DB and CDC, to thrive in the decades to come.
This SPP paper identifies what the Pensions Commission, recently revived to consider the question of pensions adequacy, should consider and why.
This includes defining “adequate”; identifying the under pensioned; better understanding the trade-off between adequate living and adequate saving; and improving public trust in and awareness of state provision. The paper also explores how disenfranchised groups could be better supported and calls for a long-term plan for increasing auto-enrolment contribution rates.
Tags: adequacy, investment, pension, pension gaps, Pensions, pensions commission, retirement, Saving, SPP,
This SPP Paper is a response to government plans to introduce a power in the Pension Schemes Bill that will allow them to dictate how pension funds invest by requiring a prescribed percentage of investment in UK productive assets.
Tags: compulsion, investment, mandation, Pensions, productive assets, productive finance, UK,
This informational paper examines the impact on UK pensions of Donald Trump’s recently announced plans to introduce new import taxes on goods from almost every country.
Many who are saving in a UK pension, and those already in receipt of a UK pension, are likely to ask how such events may affect them. This SPP paper utilises the diverse expertise of its membership for the public good and highlights that reactive changes to pensions and other savings are generally not ideal compared with keeping a cool head and planning carefully.
Tags: DB, DC, investment, UK pension schemes,
This short paper sheds light on the various potential risks and opportunities by “busting” some of the myths along each stage of a scheme’s funding and investment strategy journey, with a view to making life under the new DB Funding regime as smooth as possible for all involved parties.
Tags: covenant, DB, employer covenant, investment, UK pension schemes,
Amongst other productive finance issues, this response highlights that the SPP agrees that scale can deliver improved investment but that there are risks, which must be guarded against; that legislative change is necessary to better facilitate consolidation and that for the LGPS, asset pooling has been successful but there is more to do. Read on for further information...
Tags: government review, investment, pension, Pensions, productive finance,