What’s happening on scheme investments, including climate change, other environmental, social and governance (ESG) issues, stewardship, voting and reporting. This will mainly be of interest to trustees and fund managers.

Pensions Hub

Regulator blogs on

Regulator blogs on "friction points" in superfund transfer process

The Regulator has published a blog reflecting on its experience of clearing transfers of DB pension schemes to DB superfunds. To date, only the Clara DB superfund has met the Regulator's assessment process and three transfers to that superfund have been cleared.

United Kingdom | Publication | May 20, 2025
Government confirms legislation to extend CDC to be laid in autumn

Government confirms legislation to extend CDC to be laid in autumn

On April 29, 2025, Minister for Pensions Torsten Bell confirmed that new regulations will be laid in the autumn to allow for multi-employer collective defined contribution (CDC) schemes to be established. The related press release can be read here.

United Kingdom | Publication | May 20, 2025
Mansion House Accord launched by pension providers to boost UK investment by 2030

Mansion House Accord launched by pension providers to boost UK investment by 2030

On May 13, 2025, some 17 of the UK’s largest pension providers signed a voluntary Mansion House Accord, expressing intent to invest 10 per cent of their DC default funds (£50bn) in private equity by 2030.

United Kingdom | Publication | May 20, 2025
Chancellor to announce new “beefed up” version of Mansion House Compact

Chancellor to announce new “beefed up” version of Mansion House Compact

The Mansion House Compact is a voluntary industry-led initiative to secure better financial outcomes for DC savers by increasing pension investment into unlisted equity.

United Kingdom | Publication | April 25, 2025
Draft regulations laid preserving the pension fund exemption from clearing obligations for OTC derivatives

Draft regulations laid preserving the pension fund exemption from clearing obligations for OTC derivatives

On March 17, 2025, draft regulations were laid before Parliament to ensure that the pension fund exemption from clearing obligations does not expire.

United Kingdom | Publication | March 28, 2025
Prudential Regulation Authority sets out expectations for insurers to manage increased growth and complexity in bulk annuity purchase market

Prudential Regulation Authority sets out expectations for insurers to manage increased growth and complexity in bulk annuity purchase market

The high demand in recent years for DB pension scheme risk transfer solutions means there has been rapid growth in the bulk annuity purchase market across the UK life sector.

United Kingdom | Publication | January 28, 2025
Stewardship & Voting Guidelines 2025 (PLSA)

Stewardship & Voting Guidelines 2025 (PLSA)

On 23 January 2024 the Pensions and Lifetime Savings Association (PLSA) published the 2025 edition of its Stewardship & Voting Guidelines (2025 Guidelines).

United Kingdom | Publication | January 28, 2025
Pensions investments: Over-the-counter derivatives contracts under EMIR exemption maintained

Pensions investments: Over-the-counter derivatives contracts under EMIR exemption maintained

HMT has published its response to its earlier call for evidence on the exemption for UK over-the-counter pension fund investments in derivatives from clearing obligations under the European Market Infrastructure Regulation (EMIR).

United Kingdom | Publication | January 14, 2025
Bank of England reports on effects of market shocks on schemes

Bank of England reports on effects of market shocks on schemes

The Pensions Regulator has published a press release welcoming the conclusions of the Bank of England that pension schemes are now more resilient to extreme market movements.

United Kingdom | Publication | December 19, 2024


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

Lines of code

Event

2025 Insurathon: Pitch to win £50,000 of investment and pro bono UK legal advice

The Insurathon is a Norton Rose Fulbright event which fosters technological advancements and innovation in the insurance sector, now in its eighth year.

Global | January 13, 2025

InsurTech
Road in the jungle

Publication

Energy transition: Transforming change into opportunity

While global demand for energy continues to rise, increasing pressure to support the decarbonisation of the industry has spearheaded radical change.

Global | January 01, 2025

Energy
IAR-Issue-22_Assests_Website-hero

Publication

International arbitration report

In this edition, we focused on the Shanghai International Economic and Trade Arbitration Commission’s (SHIAC) new arbitration rules, which take effect January 1, 2024.

Global | November 19, 2024

International arbitration
Site search

Subscribe and stay up to date with the latest legal news, information and events . . .

Register now