This page will mainly be of interest to trustees and managers responsible for running a scheme. It focuses on evolving requirements for scheme administration, good governance, compliance and reporting.

Pensions Hub

DWP announces legislation plans to remedy Virgin Media uncertainty

DWP announces legislation plans to remedy Virgin Media uncertainty

On June 5, 2025, the DWP published a statement indicating that it plans to legislate to remedy uncertainty that has arisen following the Court of Appeal’s 2024 judgment in Virgin Media Ltd v NTL Pension Trustees II Ltd.

United Kingdom | Publication | June 12, 2025
Pensions Regulator to launch new trusteeship strategy following introduction of Pension Schemes Bill

Pensions Regulator to launch new trusteeship strategy following introduction of Pension Schemes Bill

On June 5, 2025, the Regulator announced that it plans to launch a new strategy for trusteeship following the introduction of the Pension Schemes Bill to Parliament.

United Kingdom | Publication | June 12, 2025
PASA publishes guidance on identity management and assurance

PASA publishes guidance on identity management and assurance

New guidance on identity management and assurance, which addresses growing risks and challenges across the pension lifecycle, was published by the Pensions Administration and Standards Association on May 22, 2025.

United Kingdom | Publication | June 12, 2025
HMRC publishes research on salary sacrifice arrangements for pensions

HMRC publishes research on salary sacrifice arrangements for pensions

On May 27, 2025, HMRC published research which aimed to understand the experiences, motivations, and attitudes of employers towards using salary sacrifice arrangements for pensions.

United Kingdom | Publication | June 12, 2025
Government outlines significant changes in pensions value, consolidation and UK investment in three publications

Government outlines significant changes in pensions value, consolidation and UK investment in three publications

The aims of the Pensions Investment Review, launched in July 2024, were to tackle fragmentation, boost investment, increase saver returns and address waste in the pensions system.

United Kingdom | Publication | June 12, 2025
Pensions Regulator publishes guidance on models and options in DB schemes

Pensions Regulator publishes guidance on models and options in DB schemes

The Regulator has published new guidance for trustees and employers of DB and hybrid schemes, which covers running on the scheme and an overview of arrangements for improving financial outcomes, scheme governance and member security.

United Kingdom | Publication | June 12, 2025
PPF final decision on 2025/26 levy on hold as it monitors progress of Pension Schemes Bill

PPF final decision on 2025/26 levy on hold as it monitors progress of Pension Schemes Bill

The Pension Protection Fund (PPF) has welcomed the inclusion of provisions in the Pension Schemes Bill 2024-25 that will remove restrictions in the Pensions Act 2004 that prevent the PPF reducing the risk-based levy to zero.

United Kingdom | Publication | June 12, 2025
Pensions Ombudsman’s blog provides update on operating model review

Pensions Ombudsman’s blog provides update on operating model review

The Ombudsman has published a blog which reflects on the success of the operating model review improvement programme in its first year and examines the key focus for the year ahead.

United Kingdom | Publication | June 12, 2025
Revised UK stewardship code published

Revised UK stewardship code published

The Financial Reporting Council announced in a press release on June 3, 2025, that it has published a revised stewardship code which will take effect from January 1, 2026.

United Kingdom | Publication | June 12, 2025


Recent publications

London skyscrapers

Publication

Essential Corporate News – Week ending 18 July 2025

On 15 July 2025 the Financial Conduct Authority (FCA) published its final rules in relation to reform of the UK prospectus regime (see PS 25/9: New rules for the public offers and admissions to trading regime), largely adopting the approach proposed in its consultation last summer. This is the latest step in the process of reforming the UK’s capital markets, following on from the overhaul of the UK Listing Rules (UKLR) in 2024.

United Kingdom | July 17, 2025

Corporate, M&A and securities
Stack of coins

Publication

REMA Summer Update: ‘no’ to zonal pricing, ‘yes’ to reformed national pricing

On 10 July 2025, the UK government published its Review of Electricity Market Arrangements (REMA) Summer Update, which sets out the long-awaited outcome of the REMA programme and next steps towards a decarbonised, affordable, secure and efficient electricity market.

Global | July 17, 2025

Energy, infrastructure and resources

Publication

The ISDA Notices Hub: an important step forward to facilitate delivery of critical notices

The process for closing out derivatives is a technical and complex one, and any step along the way can be a source of disputes, and an opportunity to challenge the counterparty’s actions, if formalities are not complied with.

United Kingdom | July 17, 2025

Derivatives
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