This page focuses on developments that will mainly affect and be of interest to corporate sponsors of pension schemes.

Pensions Hub

Pension Protection Fund publishes annual report and accounts for 2022/23

Pension Protection Fund publishes annual report and accounts for 2022/23

On July 14, 2023, the PPF published its annual report and accounts for 2022/23. According to the report, the PPF's funding ratio increased significantly to 156.0 per cent, up from 137.9 per cent in 2022.

United Kingdom | Publication | July 26, 2023
Regulator’s blog calls for shift in industry mindset on delivering DC value

Regulator’s blog calls for shift in industry mindset on delivering DC value

The Regulator has published a blog published on July 12, 2023, in which Chief Executive Nausicaa Delfas suggests that there needs to be a “fundamental mindset shift throughout the pensions industry”.

United Kingdom | Publication | July 26, 2023
Pensions dashboards: Regulator updates guidance on failing to comply with dashboards duties

Pensions dashboards: Regulator updates guidance on failing to comply with dashboards duties

The Regulator has updated its initial guidance on pensions dashboards to include information on how trustees and scheme managers must demonstrate that they have had regard to the staging timelines.

United Kingdom | Publication | July 26, 2023
Retained EU Law (Revocation and Reform) Bill receives Royal Assent

Retained EU Law (Revocation and Reform) Bill receives Royal Assent

The Retained EU Law (Revocation and Reform) Act 2023 makes provision for major changes to the content and operation of retained EU law and to rules of priority and interpretation.

United Kingdom | Publication | July 17, 2023
Pensions Regulator launches first trustee diversity and inclusion survey

Pensions Regulator launches first trustee diversity and inclusion survey

The Regulator is calling on all occupational pension scheme trustees to take part in its survey to build a clearer picture of trustee diversity.

United Kingdom | Publication | July 17, 2023
Pension schemes newsletter 151: HMRC updates annual allowance calculator and clarifies treatment of stand-alone lump sums

Pension schemes newsletter 151: HMRC updates annual allowance calculator and clarifies treatment of stand-alone lump sums

On June 30, 2023, HMRC published the latest edition of the Pension schemes newsletter.

United Kingdom | Publication | July 17, 2023
FCA publishes policy statement on broadening retail access to long-term asset fund

FCA publishes policy statement on broadening retail access to long-term asset fund

On June 29, 2023, the FCA published a policy statement on broadening the range of investor access to the long-term asset fund (LTAF) and setting out final rules to give retail investors and more DC pension schemes access to LTAFs.

United Kingdom | Publication | July 17, 2023
Virgin Media Ltd v NTL Pension Trustees II Limited [2023]: High Court judgment potentially problematic for contracted-out DB schemes

Virgin Media Ltd v NTL Pension Trustees II Limited [2023]: High Court judgment potentially problematic for contracted-out DB schemes

This judgment, which confirms that certain rules of a contracted-out scheme cannot be altered without the statutory actuarial confirmation having been obtained and that non-compliant alterations are void, is potentially impactful.

United Kingdom | Publication | June 29, 2023
Regulator publishes blog on the importance of trustees protecting savers from economic volatility

Regulator publishes blog on the importance of trustees protecting savers from economic volatility

The Regulator has highlighted the need for trustees to stay focused on protecting savers from economic volatility, following last year's economic turmoil.

United Kingdom | Publication | June 29, 2023


Recent publications

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Publication

Not so exempt: A cautionary tale for authorised representatives

Navigating the Australian Financial Services Licence (AFSL) regime is not an easy task and can be costly and time consuming.

Australia | June 24, 2025

Financial institutions
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Competition Act: Expanded private enforcement rights now in force

On Friday, June 20, 2025, Competition Act amendments came into force that significantly expand private parties’ ability to bring cases to the Competition Tribunal.

Canada | June 23, 2025

Antitrust and competition

Publication

UK Pensions Briefing | Pension Schemes Bill – highlights for DB arrangements

The Pension Schemes Bill offers the prospect of access to surplus, definitive rules for superfunds, a reduced PPF levy and easier recovery of overpayments. Change is underway.

United Kingdom | June 23, 2025

Financial institutions
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