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 Ombudsman provides more detail of its new operating practices in blog

Pensions Ombudsman provides more detail of its new operating practices in blog

In a blog post published on June 18, 2024, the Ombudsman has set out more about upcoming changes that will require future complainants to exhaust a scheme's formal internal dispute resolution process before bringing their case to the Ombudsman.

United Kingdom | Publication | June 27, 2024
Tribunal holds no exceptional circumstances prevented Regulator from imposing penalty notice for failure to prepare chair’s statement

Tribunal holds no exceptional circumstances prevented Regulator from imposing penalty notice for failure to prepare chair’s statement

There is a legal requirement for trustees of DC schemes to prepare an annual governance statement, signed by the chair of trustees, within seven months of the end of each scheme year. This is referred to as the "chair's statement".

United Kingdom | Publication | June 27, 2024
Former BHS directors found liable for wrongful trading

Former BHS directors found liable for wrongful trading

Two former BHS directors, Lennart Henningson and Dominic Chandler, have been fined more than £18m following a High Court ruling that they had breached their fiduciary duties ahead of the company’s collapse in April 2016.

United Kingdom | Publication | June 27, 2024
Ombudsman decides no unreduced early retirement rights due to TUPE transferred member

Ombudsman decides no unreduced early retirement rights due to TUPE transferred member

Mr R was an employee of AstraZeneca PLC and a member of the employer’s pension scheme when the employer announced proposed scheme changes in 2010, giving members two options:

United Kingdom | Publication | June 27, 2024
Pensions Ombudsman sets out changes to its operating method

Pensions Ombudsman sets out changes to its operating method

The Pensions Ombudsman has published a review of its operating model and explains how it plans to reduce the level of case backlog over the next three years, with improvements being seen in 12-18 months.

United Kingdom | Publication | June 12, 2024
PASA publishes trustee guidance on data presence and accuracy

PASA publishes trustee guidance on data presence and accuracy

The Pensions Administration Standards Association Data Working Group has published new guidance which sets out why data should not just be present but accurate, and provides suggestions on how trustees can improve and maintain their data accuracy.

United Kingdom | Publication | June 12, 2024
HMRC publishes pension schemes newsletter 160

HMRC publishes pension schemes newsletter 160

The latest pension schemes newsletter was published on May 30, 2024, and includes a link to a new online tool for savers to check whether they can apply for a transitional tax-free amount certificate, where they used some of their lifetime allowance before April 6, 2024.

United Kingdom | Publication | June 12, 2024
Changes to Pension Protection Fund valuation assumptions for Smaller Schemes

Changes to Pension Protection Fund valuation assumptions for Smaller Schemes

The PPF has published its response to its recent consultation on changes to the actuarial assumptions for section 143 and section 152 valuations. These valuations relate to smaller schemes with less than £50 million in liabilities. On the previous assumptions, such schemes could have been overfunded and therefore ineligible for PPF entry. They could still, however, have been unable to obtain an affordable buy-out quotation for PPF levels of compensation. The proposed changes came into effect on May 31, 2024.

United Kingdom | Publication | June 12, 2024
PRA consults on greater Financial Services Compensation Scheme coverage

PRA consults on greater Financial Services Compensation Scheme coverage

The Prudential Regulation Authority is consulting on rule amendments to increase Financial Services Compensation Scheme coverage on pension scheme buy-outs applying to individuals who have moved abroad. The proposal is to make the changes by the end of the year and the consultation closes on May 30, 2024.

United Kingdom | Publication | May 29, 2024


Recent publications

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Publication

Securities regulators amend investment limits for offering memorandum exemption

Canadian securities regulators have made changes to give investors greater access to exempt markets.

Canada | May 12, 2025

Capital markets

Publication

Hong Kong’s Strategic Initiatives for Attracting Specialist Technology and Biotech IPOs

By a joint announcement on 6 May 2025, the Securities and Exchange Commission and The Stock Exchange of Hong Kong Limited launched a dedicated channel for listing applicants of Specialist Technology Companies and Biotech Companies.

Global | May 12, 2025

Equity capital markets

Blog

Mansion House II: A new Compact

We turn our attention to proposed changes to the Mansion House Compact. This is a different strand of Government policy – the Compact is not legally binding, but rather a voluntary code aiming to increase investment in unlisted equity.

United Kingdom | May 07, 2025

Financial institutions
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