On January 14, 2025, Torsten Bell MP was appointed Parliamentary Secretary in HM Treasury and Parliamentary Under Secretary at the DWP. Bell has also replaced Emma Reynolds MP as the new Minister for Pensions.

Emma Reynolds is now Economic Secretary to the Treasury following the resignation of Tulip Siddiq.



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Recent publications

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Pensions Regulator launches innovation support service

On May 19, 2025, the Regulator launched a new support service which it says will “unlock” pensions industry innovation with the aim of boosting saver outcomes.

United Kingdom | May 28, 2025

Financial institutions

Publication

Pensions dashboards: PDP publishes May 2025 progress update report

On May 15, 2025, the Pensions Dashboards Programme published its latest progress update report.

United Kingdom | May 28, 2025

Financial institutions

Publication

Pension Schemes Bill to include DB surplus release provisions

The DWP has confirmed that the forthcoming Pension Schemes Bill will include changes to DB surplus rules to provide more flexibility for surplus release.

United Kingdom | May 28, 2025

Financial institutions
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