Here we look at the big picture trends in the world of pensions, including important case law developments and industry initiatives.

Pensions Hub

Pension funds to commit £200m initial fund to invest in UK science and tech

Pension funds to commit £200m initial fund to invest in UK science and tech

HM Treasury and the British Business Bank have announced that Aegon UK, NatWest Cushon and M&G are in the final stage of approval regarding an initial £200m of investment to support the UK’s “most innovative” companies across the science and technology sector.

United Kingdom | Publication | November 27, 2025
Budget November 2025: The pensions changes at a glance

Budget November 2025: The pensions changes at a glance

Rachel Reeves, the Chancellor, presented the Budget on November 26, 2025. The summary highlights what has changed and what will remain the same.

United Kingdom | Publication | November 27, 2025
Pensions Regulator publishes market oversight report and consolidated guidance on data quality

Pensions Regulator publishes market oversight report and consolidated guidance on data quality

The Regulator’s latest market oversight report, published on November 18, 2025, reveals that some pension schemes still have work to do to get their member data ready for the launch of pensions dashboards next year.

United Kingdom | Publication | November 27, 2025
PASA publishes new ‘Data for AI’ Guidance to help the industry embrace innovation responsibly

PASA publishes new ‘Data for AI’ Guidance to help the industry embrace innovation responsibly

The Pensions Administration Standards Association (PASA) has published new industry guidance on the ‘Use of AI in Pensions Administration – Embrace the Opportunity with Caution.”

United Kingdom | Publication | November 13, 2025
Future consultation planned on £30,000 transfer advice threshold

Future consultation planned on £30,000 transfer advice threshold

Pensions Minister, Torsten Bell, has confirmed that the DWP intends to consult on the £30,000 threshold level that currently applies for DB scheme members to seek transfer advice.

United Kingdom | Publication | November 13, 2025
UK Pensions briefing | Government gives the green light to major collective DC expansion

UK Pensions briefing | Government gives the green light to major collective DC expansion

The Government has published a response to its October 2024 consultation on the extension of the collective defined contribution (CDC) scheme regime to unconnected employers.

United Kingdom | Publication | November 10, 2025
Pension Protection Fund publishes Sustainability Report 2024/25

Pension Protection Fund publishes Sustainability Report 2024/25

The PPF has published its first Sustainability Report which summarises the organisation's responsible investment, climate change and operational sustainability actions in a single publication.

United Kingdom | Publication | October 30, 2025
HM Treasury consultation outcome on reforming anti-money laundering and counter-terrorism financing supervision

HM Treasury consultation outcome on reforming anti-money laundering and counter-terrorism financing supervision

HM Treasury has published its consultation response document on reforming the anti-money laundering and counter-terrorism financing (AML/CTF) supervisory system, following its June 2023 consultation paper setting out its proposed reforms in this area.

United Kingdom | Publication | October 30, 2025
Collective Defined Contribution (CDC) Scheme developments

Collective Defined Contribution (CDC) Scheme developments

The DWP has published a press release and response to its October 2024 consultation on draft regulations extending collective defined contribution (CDC) provision to non-associated multi-employer schemes.

United Kingdom | Publication | October 30, 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

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