
Publication
Essential Corporate News – Week ending 23 May 2025
The Companies and Limited Liability Partnerships (Annotation) Regulations 2025 and an accompanying Explanatory Memorandum were published on 14 May 2025.
United Kingdom | Publication | July 2024
At the state opening of Parliament on July 17, 2024, the King’s Speech set out the new Government’s intention to introduce a Bill legislating on several areas of pension policy.
Although the Bill is yet to be published, background briefing notes set out the areas below that are due to be covered by the new legislation. The progress of many of these proposals was halted due to the dissolution of Parliament for the General Election.
Comment
The pensions proposals in the new Bill, which should appear in the next 12 months, were broadly welcomed. The baton has been picked up from the previous administration on many of these measures which were initiated by the previous government under its Mansion House agenda. Overall, the new Government says its intentions are to introduce measures to develop a private pensions market that "encourages consolidation and focuses on value and outcomes for members".
While the background notes to the new Bill make reference to the “huge success” of the auto-enrolment regime, they do not specifically cover its extension self-employed, nor mention any increase in the levels of contributions by all savers. Hopefully, these additional measures will be pursued early in this Parliament.
Publication
The Companies and Limited Liability Partnerships (Annotation) Regulations 2025 and an accompanying Explanatory Memorandum were published on 14 May 2025.
Publication
The Regulator’s annual funding statement for private sector DB schemes was published on April 29, 2025. It is the first such statement since the new DB funding regime came into force from September 22, 2024, onwards.
Publication
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.
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