From the 16 October 2025, individual customers buying PMI products for themselves will be able to pay by credit card only. This change does not affect company administrators making multiple purchases on behalf of their staff.
It’s early days but, so far, the 2020s aren’t winning any prizes as the UK workforce’s favourite decade. Times are tougher, belts are tighter, and pension scheme membership is under pressure as employees navigate the seismic shift in the status quo from early 2020 to now. The cumulative impact of the pandemic, the rise of working from home, the cost-of-living crisis and more cannot be underestimated.
