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DB pension reform will spur limited UK investment, officials warn - Mary McDougall, Financial Times, 07/06/2025
John Ralfe, an independent pensions consultant, added: “It completely undermines the part of pensions policy that was supposed to be the sexiest and with the most immediate impact.”

Pension surpluses blow for Reeves - Patrick Hosking, The Times, 06/06/2025
John Ralfe wrote in a research note for Pension Insurance Corporation: “Forget about £160 billion of pension surpluses just waiting to be paid out ‘to drive growth and boost working people’s pension pots’. The DWP figures estimate just a fraction of this, because most companies want a full buyout with an insurance company.”

Reform’s attack on public sector pensions doesn’t go far enough - John Ralfe, Daily Telegraph Opinion, 03/06/2025
I doubt Mr Farage will be rushing to give up his own MP pension

Step into the looking-glass wonderland of civil service pensions - Dominic OConnell, The Times, 30/05/2025
I am not an actuary, but I had a native guide in the shape of the pensions expert John Ralfe, (also not an actuary), who helped me through some of the concepts and broad numbers. Any mistakes are mine, not his.

Rachel Reeves channels her inner Scargill - Alistair Osborne, The Times, 14/05/2025
As pensions expert John Ralfe puts it, the agreement underpins the view of our cash-strapped chancellor that “pensions are loose change down the back of the sofa” for her use.