This page focuses on regulatory developments – how the Pensions Regulator and the Financial Conduct Authority are using their moral hazard and other powers, evolving expectations and guidance, areas of regulatory focus and future initiatives.

Pensions Hub

UK Pensions Briefing | Pension Schemes Bill – highlights for DB arrangements

UK Pensions Briefing | Pension Schemes Bill – highlights for DB arrangements

The Pension Schemes Bill offers the prospect of access to surplus, definitive rules for superfunds, a reduced PPF levy and easier recovery of overpayments. Change is underway.

United Kingdom | Publication | June 23, 2025
Regulator authorises trustee to modify scheme rules to enable return of trapped surplus to employer on winding-up

Regulator authorises trustee to modify scheme rules to enable return of trapped surplus to employer on winding-up

In a recent Determination, the Regulator has allowed the trustees of the Littlewoods Pension Scheme to modify scheme rules to free up surplus funds for payment to the sponsoring employer.

United Kingdom | Publication | June 12, 2025
Pensions Regulator updates guidance on third-party applications

Pensions Regulator updates guidance on third-party applications

The Pensions Regulator has updated its guidance on how third parties may submit applications asking it to exercise certain of its regulatory powers.

United Kingdom | Publication | May 20, 2025
Supreme Court hands down judgment on definition of “woman” for purposes of the Equality Act 2010

Supreme Court hands down judgment on definition of “woman” for purposes of the Equality Act 2010

In For Women Scotland Ltd v The Scottish Ministers, the Supreme Court unanimously held that the definitions of “man”, “woman” and “sex” in the Equality Act 2010 refer to a person’s biological sex.

United Kingdom | Publication | April 25, 2025
Companies House guidance on verification for corporate trustees

Companies House guidance on verification for corporate trustees

Under the Economic Crime and Corporate Transparency Act 2023, new regulatory requirements mean company directors and other individuals will need to verify their identity.

United Kingdom | Publication | April 25, 2025
Pensions aspects of new financial services regulatory initiatives grid

Pensions aspects of new financial services regulatory initiatives grid

On April 14, 2025, the latest edition of the Financial Services Regulatory Initiatives grid was published by the forum.

United Kingdom | Publication | April 25, 2025
Pensions Regulator develops AI tool to detect potentially suspicious pension websites

Pensions Regulator develops AI tool to detect potentially suspicious pension websites

The Regulator, in conjunction with the Pension Scams Action Group (PSAG), has announced the development of an artificial intelligence tool to detect potentially suspicious websites aimed at pension savers.

United Kingdom | Publication | April 25, 2025
Pensions Regulator’s intervention report reflects its facilitation of trustee and employer agreement following failure to agree triennial valuation

Pensions Regulator’s intervention report reflects its facilitation of trustee and employer agreement following failure to agree triennial valuation

On March 11, 2025, the Regulator published a regulatory intervention report on its involvement with the MGN Pension Scheme in relation to a failure to agree the 2019 triennial valuation.

United Kingdom | Publication | March 28, 2025
Pensions Regulator publishes overview of the UK’s occupational DC trust-based landscape

Pensions Regulator publishes overview of the UK’s occupational DC trust-based landscape

The Regulator has published its annual report of the occupational DC trust-based landscape in the UK, providing an overview of memberships and assets.

United Kingdom | Publication | March 13, 2025


Contacts

Lesley Browning
Lesley Browning
Partner
Email
lesley.browning@nortonrosefulbright.com
T: +44 20 7444 2448 / +44 77 1030 3311
Shane O'Reilly
Shane O'Reilly
Partner
Email
shane.o'reilly@nortonrosefulbright.com
T: +44 (20) 74443895

Recent publications

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Listing trends in South Africa: Five key themes

The Johannesburg Stock Exchange (JSE) is the largest stock exchange in Africa. It has long been a barometer of economic health and corporate activity in South Africa.

Global | June 30, 2025

Capital markets
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Global M&A trends and risks 2025

Following a relatively promising start to the year for mergers and acquisitions (M&A) activity, the US tariff announcements shook dealmaker confidence, triggering global trade uncertainty and stalling M&A deals across the global M&A landscape.

Global | June 10, 2025

Corporate, M&A and securities
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UK LTAFs: Playing the long game

The UK Long-Term Asset Fund (LTAF) remains a relatively new type of fund structure designed to give investors access to long-term and illiquid assets, including private equity, private debt, real estate and infrastructure.

Global | June 03, 2025

Financial services and regulation
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