The Pensions Policy Institute (PPI), commissioned by the Association of British Insurers (ABI), has published a report examining retirement adequacy gaps across housing tenure, household structure and auto-enrolment. Building on the Pensions Commission's Interim Report (2026), the report examines how housing tenure, household composition and pension saving interact to shape retirement outcomes. The report projects nearly two million more pensioner households will be renting by 2044. Single pensioners are approximately twice as likely as couples to fall below minimum retirement living standards, and divorced women aged 60–64 hold median pension wealth of just £35,000. On automatic enrolment, the headline 8% minimum contribution rate equates to an effective rate of just over 3% for workers near the £10,000 earnings trigger. For earners above £18,700, raising contributions to 12% has the greatest impact, while for lower earners, removing the earnings trigger and lower earnings limit is more effective. The report calls for a package of targeted reforms, including higher contributions, carer credits and means-tested benefit reform, alongside integrated housing and welfare policy to address adequacy gaps for renters, carers and lower-income workers.

The Pensions Policy Institute (PPI) has published a report titled ‘Assessing megafund pension reforms: Insights from international experience.’ The report finds that consolidating UK pension schemes into megafunds will not automatically result in higher investment returns. This conclusion is made in the context of the Pension Schemes Act 2026—which received Royal Assent on 29 April 2026—and its requirement that multi-employer defined contribution (DC) schemes consolidate into megafunds with a minimum of £25bn in their main default arrangement by 2030, with limited exceptions.

The Pensions Policy Institute (PPI) has published the first in a series of reports examining what an assessment of value for money (VfM) could look like in the decumulation stage of retirement. Its independent research report, sponsored by the Pensions Regulator, is based on literature review and stakeholder interviews and aims to offer a detailed overview of the retirement income market. It explores how defined contribution (DC) savers access and utilise their pension savings and assesses whether the current products and support services adequately meet their diverse needs. The report finds that the decumulation phase of DC pensions poses significant risks to long-term financial security. It shows that, unlike the accumulation phase—where automatic enrolment and structured defaults support saving—the decumulation phase requires pension savers to make active decisions, which often leads to full cash withdrawals from smaller pension pots.

The Pensions Policy Institute (PPI), in collaboration with King’s College London, has published a research report examining how Collective Defined Contribution (CDC) pensions could be adapted for the UK and finds that a redesigned model, known as Collective Drawdown, could deliver up to 75% higher retirement outcomes compared to a traditional Defined Contribution (DC) scheme followed by full annuitisation at retirement. In addition, research also shows that collective drawdown performs about 22% better than an optimised flex-then-fix strategy where the member begins with drawdown and gradually purchases annuities in stages.

The Pensions Policy Institute (PPI) has published the first report in its series titled ‘From Payslip to Pension: Life Course Impacts on Retirement Saving Among Low Earners’. The PPI project is designed to address gaps in understanding low earners within the context of pensions policy, particularly when configuring automatic enrolment parameters that may inadvertently disadvantage this group. The report finds that low earners represent a diverse group with varying reasons for low earnings and different levels of financial security, making it challenging to develop policies that adequately serve all subgroups. This complexity is particularly evident in pensions policy, where features of automatic enrolment such as the trigger income and lower earnings limit rely on earnings thresholds. The PPI research also identifies which low earners are most likely to continue facing challenges over time, providing valuable insights for potential policy interventions.

The Final Report of Pensions Investment Review was published by the government on 29 May 2025. The Pensions Policy Institute (PPI) Digest published today outlines the evidence-based analysis on the reforms to the defined contribution (DC) workplace pensions market and Local Government Pension Schemes (LGPS) contained in the government's Final Report.

The Pensions Policy Institute (PPI) has published the fourth report in its ‘From Payslip to Pension: Life Course Impacts on Retirement Saving Among Low Earners’ series. The report examines how changes to automatic enrolment thresholds and contribution rates may affect retirement outcomes for different low earner groups. The PPI finds that no single policy approach benefits all groups equally, with some reforms improving retirement outcomes while increasing financial vulnerability for others.

The Cabinet Office has updated Procurement Policy Note 022: Procuring Steel in Government Contracts (PPN 022) to introduce a new transparency requirement from 1 October 2026 for relevant steel procurements above specified thresholds. For projects or programmes valued at £10 million or more, or expected to require more than 500 tonnes of steel, in-scope organisations should confirm in the Contract Details Notice whether UK-produced steel will be used by the prime contractor or within the supply chain. Where UK-produced steel will not be used, or where origin data is not known at contract award, a rationale should be provided.

Public Private Partnership—a collaboration between public bodies (eg local authorities or central government) and private companies. Some PPPs involve setting up joint venture companies.

ARCHIVED: This Practice Note has been archived and is not maintained. Last updated July 2019. On 21 July 2019, the Prospectus Regulation (EU) 2017/1129 became fully applicable in EU member states and the Prospectus Directive was repealed. The Prospectus Regulation now regulates when a prospectus is required to be published in respect of an offer of securities to the public in the UK or the admission of securities to trading on a regulated market in the UK. The FCA aligned the FCA Handbook with the provisions of the Prospectus Regulation by deleting the Prospectus Rules in their entirety and replacing them with the Prospectus Regulation Rules sourcebook. For more information see Practice Note: The UK Prospectus Regulation—essentials [Archived] and The UK Prospectus Regulation—is a prospectus required? [Archived] This note and related notes on the now repealed Prospectus Rules have been retained for reference as the commentary may still be applicable to corresponding provisions of the Prospectus Regulation Rules (PRR). This Resource Note highlights relevant commentary, analysis and resources to assist with the interpretation

ARCHIVED: This Practice Note has been archived and is not maintained. Last updated July 2019. On 21 July 2019, the Prospectus Regulation (EU) 2017/1129 became fully applicable in EU member states and the Prospectus Directive was repealed. The Prospectus Regulation now regulates when a prospectus is required to be published in respect of an offer of securities to the public in the UK or the admission of securities to trading on a regulated market in the UK. The FCA aligned the FCA Handbook with the provisions of the Prospectus Regulation by deleting the Prospectus Rules in their entirety and replacing them with the Prospectus Regulation Rules sourcebook. For more information see Practice Note: The UK Prospectus Regulation—essentials [Archived] and The UK Prospectus Regulation—is a prospectus required? [Archived] This note and related notes on the now repealed Prospectus Rules have been retained for reference as the commentary may still be applicable to corresponding provisions of the Prospectus Regulation Rules (PRR). This Resource Note highlights relevant commentary, analysis and resources to assist

ARCHIVED: This Practice Note has been archived and is not maintained. Last updated July 2019. On 21 July 2019, the Prospectus Regulation (EU) 2017/1129 became fully applicable in EU member states and the Prospectus Directive was repealed. The Prospectus Regulation now regulates when a prospectus is required to be published in respect of an offer of securities to the public in the UK or the admission of securities to trading on a regulated market in the UK. The FCA aligned the FCA Handbook with the provisions of the Prospectus Regulation by deleting the Prospectus Rules in their entirety and replacing them with the Prospectus Regulation Rules sourcebook. For more information see Practice Note: The UK Prospectus Regulation—essentials [Archived] and The UK Prospectus Regulation—is a prospectus required? [Archived] This note and related notes on the now repealed Prospectus Rules have been retained for reference as the commentary may still be applicable to corresponding provisions of the Prospectus Regulation Rules (PRR). This Resource Note highlights relevant commentary, analysis and resources to assist