Press & media

With Andy Burnham now in office as Prime Minister and confirmation that Torsten Bell will remain as Pensions Minister, pension savers and the industry are waiting to see whether former commitments survive the harsh reality of governing. PensionBee, a leading retirement savings provider, has set out five questions it believes the new leader must address in his first months in Downing Street.

PensionBee has welcomed the Government’s proposed changes to the pension transfer regulations as a positive step forward, and urged it to proceed swiftly to reduce unnecessary friction and frustrating delays for savers trying to move their retirement savings.

Inheritance tax (IHT) receipts have reached their highest monthly level on record, according to the latest HMRC figures, with the Treasury collecting £2.3 billion between April and June 2026 - £96 million more than during the same period last year. The figures underline the growing number of families being drawn into the inheritance tax net as the UK enters a new political era under Prime Minister Andy Burnham.

PensionBee has submitted formal evidence to the Second Pensions Commission's call for views, warning that disabled people, unpaid carers and those in non-traditional work are facing a growing and overlapping retirement savings crisis that current policy proposals risk failing to address.

As the UK prepares to welcome its second Prime Minister within a single Parliament, one commitment has survived the upheaval largely unchallenged: the state pension Triple Lock.

The UK’s pensions system was designed for a Britain that no longer exists, according to a major new report commissioned by the ABI and produced by the Pensions Policy Institute (PPI).

With Andy Burnham widely expected to enter Downing Street on 20 July and unveil his first Cabinet only once in office, favouring what has been described as a “one and done” approach to appointments, speculation continues over who will take on some of the most powerful jobs in government.

A year ago, PensionBee launched its Invisible Workers campaign.Twelve months on, the Pensions Commission has now confirmed what the campaign has been saying all along.

Just 5% of the UK’s growing cohort of side hustlers save any of their earnings into a pension

Pension savers are seeking greater transparency from major technology companies following recent shareholder votes at the Annual General Meetings (‘AGMs’) of Meta and Alphabet on resolutions linked to the growing energy demands of AI and data centres.

Data obtained from a Freedom of Information request showed only a minority of transfers flagged as potential scams are genuinely high risk.