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,
This response sets out SPP's views on the operation of TUPE in relation to pension rights.
The SPP believes the current framework generally provides strong protection for employees while identifying a small number of areas where legislative clarification and simplification could improve outcomes for both employers and employees.
Tags: legislation, policy, SPP, UK pension schemes,
This guide brings together practical insights to support pensions professionals navigating the early years of their career. It explores the key components of early career development in the pensions industry, from navigating professional exams and building both technical knowledge and soft skills, to establishing a strong professional reputation and managing progression.
Tags: careers, guidance, Pensions, profession,
This response to HMRC's technical consultation on the implementation of inheritance tax on pensions from April 2027, highlights a range of operational, legal and practical concerns that we believe must be addressed before the new regime is introduced.
Tags: HMRC, IHT, inheritance tax, Pensions, SPP, Tax, unused pension pots,
This thought leadership paper calls for the UK’s emerging Value for Money (VfM) framework to evolve into a practical tool that helps pension savers make better-informed decisions about their retirement savings.
Whilst welcoming the Government’s proposed VfM framework as a major step forward in improving transparency, accountability and standards across the pensions market, the paper argues that the current model is still primarily designed for trustees, regulators and governance bodies rather than the millions of individuals whose retirement outcomes depend on it.
Tags: FCA, Investments, pension, Pensions, regulation, Savings, SPP, value for money, VfM,
Although the £14billion in Pension Protection Fund (PPF) reserves represents a significant opportunity, it also carries a responsibility to safeguard the PPF’s core mission. Striking the right balance between prudence and innovation will be critical as policymakers consider how the PPF can evolve from a “lifeboat” into a broader legacy institution for the UK pensions system. This paper explores how this could be achieved.
This consultation response sets out key considerations for the government’s 'Make Work Pay' plan. It emphasises that improving take-home pay should go hand in hand with strengthening long-term
financial security.