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

Multiple amendments published to Pension Schemes Bill

Multiple amendments published to Pension Schemes Bill

On September 1, 2025, a lengthy paper was published detailing over 200 proposed amendments to the Pension Schemes Bill. The changes are currently being considered at the committee stage where the line by line reading of the Bill began the following day and is due to conclude on October 23, 2025.

United Kingdom | Publication | September 15, 2025
Pensions Regulator and FCA release joint podcast on guided retirement and helping savers make the right decisions

Pensions Regulator and FCA release joint podcast on guided retirement and helping savers make the right decisions

The Regulator and the FCA have released a joint podcast, which looks at two major proposals shaping the future of retirement: guided retirement and targeted support.

United Kingdom | Publication | September 15, 2025
Budget announced for November 26, 2025

Budget announced for November 26, 2025

The 2025 Budget date has been announced: Wednesday November 26. As pensions seem to be considered low-hanging fruit for the Treasury, there are some changes that could be on the cards.

United Kingdom | Publication | September 15, 2025
Pensions Minister launches “Pound for pound” initiative

Pensions Minister launches “Pound for pound” initiative

Pensions Minister, Torsten Bell, hosted a roundtable on July 22, 2025, at which the ‘Pound for Pound’ initiative was launched. This is a pilot exercise designed to test value-based metrics ahead of the implementation of the forthcoming Value for Money framework.

United Kingdom | Publication | August 18, 2025
Financial Conduct Authority publishes review of climate reporting

Financial Conduct Authority publishes review of climate reporting

The FCA has set out the findings and next steps following its review into firms' climate reporting in line with its rules.

United Kingdom | Publication | August 18, 2025
Mansion House speech outlines financial services sector reforms

Mansion House speech outlines financial services sector reforms

Rachel Reeves, the Chancellor, gave her second Mansion House speech on July 15, 2025.

United Kingdom | Publication | July 28, 2025
HM Treasury publishes policy note and draft Order on new regulated activity of targeted support

HM Treasury publishes policy note and draft Order on new regulated activity of targeted support

On July 15, 2025, HM Treasury published a policy paper on and proposed amendments in a draft Order to create a new specified activity of targeted support.

United Kingdom | Publication | July 28, 2025
Regulations implementing long-term pension fund clearing exemption come into force

Regulations implementing long-term pension fund clearing exemption come into force

The Pension Fund Clearing Obligation Exemption (Amendment) Regulations 2025 were made on June 10, 2025, and came into effect the following day.

United Kingdom | Publication | July 14, 2025
FCA consults on proposals for targeted support for pensions

FCA consults on proposals for targeted support for pensions

On June 30, 2025, the Financial Conduct Authority published a consultation paper on its regulatory proposals for a new form of “targeted support” for consumers' pensions and retail investment decisions. The consultation ends on August 29, 2025.

United Kingdom | Publication | July 14, 2025


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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

Navigating international trade and tariffs

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Navigating international trade and tariffs

Impacts of evolving trade regulations and compliance risks

Global | September 25, 2025

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Spotlight on sanctions: Enforcement, judicial developments and policy shifts

As the UK’s Office of Financial Sanctions Implementation (OFSI) proposes reforms to its civil enforcement processes for financial sanctions and geopolitical developments impacting sanctions regimes continue at pace, sanctions remain a key area of focus not only for UK regulators in the context of enforcement, but also in a number of cases before the English Courts.

United Kingdom | September 25, 2025

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Liability 101: Liability clauses in technology and outsourcing contracts

Liability is often a contentious topic (and typically the last provision to be agreed) in a technology or outsourcing contract negotiation.

Global | September 22, 2025

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