Workplace pensions — a role for the future

Rory Murphy reflects on changes to workplace pensions over the last three decades

clock • 3 min read
Rory Murphy
Image:

Rory Murphy

For all the challenges UK pension funds have faced in the last 30 years or more, we shouldn’t lose sight of the fact that workplace pensions have been a great welfare success story.

Average pensioner incomes, excluding housing costs, have doubled in real terms since 1994 - an achievement largely attributable to workplace pensions and the work of trustee boards. But times ha...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

News Digest: Pension giants urge Labour to rule out changes to tax-free cash

News Digest: Pension giants urge Labour to rule out changes to tax-free cash

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 30 July 2026 • 1 min read
Private pension saving could be discouraged by housing benefit system, PPI warns

Private pension saving could be discouraged by housing benefit system, PPI warns

Research finds every £1 of private pension income reduces housing benefit entitlement by 65p

Martin Richmond
clock 29 July 2026 • 4 min read
DC market enters 'new era' as member outcomes increasingly important

DC market enters 'new era' as member outcomes increasingly important

Hymans report states the ‘unifying challenge’ facing the industry is pension adequacy

Holly Roach
clock 29 July 2026 • 4 min read
Trustpilot