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

Pensions UK calls on government to abolish PPF administration levy

Pensions UK calls on government to abolish PPF administration levy

Pensions UK (formerly the PLSA) has called on the Government to abolish the PPF administration levy, in a press release on July 3, 2025.

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
Government consults on climate-related transition plans

Government consults on climate-related transition plans

On June 25, 2025, the Department for Energy Security and Net Zero published a consultation on options to take forward its climate-related transition plan “aligning with the 1.5°C goal of the Paris Agreement” for financial institutions including pension funds. The consultation period ends on September 17, 2025.

United Kingdom | Publication | July 14, 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
Speeches and blogs from the Pensions Regulator highlighting opportunities under the Pension Schemes Bill and on its innovation service

Speeches and blogs from the Pensions Regulator highlighting opportunities under the Pension Schemes Bill and on its innovation service

The Regulator published a blog post on June 12, 2025, by chief executive Nausicaa Delfas outlining the expected impact of the Pension Schemes Bill, how the Regulator is working to address unfinished business in the pensions system and why the pensions industry must further increase its standards to help unlock the transformational opportunities in the Pension Schemes Bill.

United Kingdom | Publication | July 14, 2025
Pensions Ombudsman confirms the Pensions Dishonesty Unit will be wound down

Pensions Ombudsman confirms the Pensions Dishonesty Unit will be wound down

The Pensions Ombudsman has announced that its Pensions Dishonesty Unit will shortly be wound down.

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
HMRC revises policy on VAT on DB investment management costs

HMRC revises policy on VAT on DB investment management costs

On June 18, 2025, HMRC published a brief confirming that employers can claim all the input VAT incurred on costs relating to the management of assets held in occupational pension funds (investment costs).

United Kingdom | Publication | July 14, 2025
Pensions Regulator publishes final response to consultation on statement of strategy and launches new digital valuation submission

Pensions Regulator publishes final response to consultation on statement of strategy and launches new digital valuation submission

The Regulator has published the final response to its consultation on proposals to help trustees of DB schemes meet new requirements for submitting a statement of strategy.

United Kingdom | Publication | June 12, 2025


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Lesley Browning
Lesley Browning
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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

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