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

Pensions Regulator publishes Corporate Plan update along with Annual Report and Accounts

Pensions Regulator publishes Corporate Plan update along with Annual Report and Accounts

The Regulator published its year two update to its three year corporate plan for 2024-27, together with its annual report and accounts for 2024-25, on July 17, 2025.

United Kingdom | Publication | July 28, 2025
Call for evidence opens on Pension Schemes Bill

Call for evidence opens on Pension Schemes Bill

On July 8, 2025, the House of Commons Public Bill Committee opened a call for evidence on the Pension Schemes Bill, with written views requested by October 23, 2025, from those with relevant expertise or special interest in the policy areas.

United Kingdom | Publication | July 28, 2025
Pensions Ombudsman publishes annual report and accounts 2024 to 2025

Pensions Ombudsman publishes annual report and accounts 2024 to 2025

The Pensions Ombudsman has published its Annual Report and Accounts 2024 to 2025, revealing that following the implementation of its Operating Model Review programme, the Ombudsman has closed more cases than ever before.

United Kingdom | Publication | July 28, 2025
Government responds to the consultation on IHT on unused pensions

Government responds to the consultation on IHT on unused pensions

On July 21, 2025, HMRC published the Government’s response on IHT on unused pension funds.

United Kingdom | Publication | July 28, 2025
Court grants injunction to enforce judgment debt against member’s personal pension

Court grants injunction to enforce judgment debt against member’s personal pension

The High Court has granted a mandatory injunction allowing a creditor to enforce a judgment debt against a debtor’s SIPP.

United Kingdom | Publication | July 14, 2025
Data (Use and Access) Bill receives Royal Assent

Data (Use and Access) Bill receives Royal Assent

The Data (Use and Access) Bill received Royal Assent on June 19, 2025.

United Kingdom | Publication | July 14, 2025
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


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Lesley Browning
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Email
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T: +44 20 7444 2448 / +44 77 1030 3311
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Shane O'Reilly
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Email
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Recent publications

London skyscrapers

Publication

Essential Corporate News – Weeks ending 25 July and 1 August 2025

.On 25 July 2025 the FCA published Primary Market Bulletin 57 (PMB 57) in which it finalises certain changes to the Knowledge Base, consults on further amendments, and highlights upcoming changes to the National Storage Mechanism and certain UK MAR notification forms.

United Kingdom | August 01, 2025

Corporate, M&A and securities
International Restructuring Newswire Q3 2025

Publication

International Restructuring Newswire

Welcome to the Q3 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.

Global | Q3 | 2025

Restructuring

Publication

Real estate focus: July 2025

In this edition, Amy Allen and David Hawkins report on the government’s unforeseen (and controversial) proposal to ban upwards only rent reviews in new commercial leases and the potential impact on tenants and landlords.

United Kingdom | July 30, 2025

Real estate
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