This page focuses on regulatory developments – how the Pensions Regulator and the Financial Conduct Authority are using their moral hazard and other powers, evolving expectations and guidance, areas of regulatory focus and future initiatives.

Pensions Hub

Regulator authorises trustee to modify scheme rules to enable return of trapped surplus to employer on winding-up

Regulator authorises trustee to modify scheme rules to enable return of trapped surplus to employer on winding-up

In a recent Determination, the Regulator has allowed the trustees of the Littlewoods Pension Scheme to modify scheme rules to free up surplus funds for payment to the sponsoring employer.

United Kingdom | Publication | June 12, 2025
Pensions Regulator updates guidance on third-party applications

Pensions Regulator updates guidance on third-party applications

The Pensions Regulator has updated its guidance on how third parties may submit applications asking it to exercise certain of its regulatory powers.

United Kingdom | Publication | May 20, 2025
Supreme Court hands down judgment on definition of “woman” for purposes of the Equality Act 2010

Supreme Court hands down judgment on definition of “woman” for purposes of the Equality Act 2010

In For Women Scotland Ltd v The Scottish Ministers, the Supreme Court unanimously held that the definitions of “man”, “woman” and “sex” in the Equality Act 2010 refer to a person’s biological sex.

United Kingdom | Publication | April 25, 2025
Companies House guidance on verification for corporate trustees

Companies House guidance on verification for corporate trustees

Under the Economic Crime and Corporate Transparency Act 2023, new regulatory requirements mean company directors and other individuals will need to verify their identity.

United Kingdom | Publication | April 25, 2025
Pensions aspects of new financial services regulatory initiatives grid

Pensions aspects of new financial services regulatory initiatives grid

On April 14, 2025, the latest edition of the Financial Services Regulatory Initiatives grid was published by the forum.

United Kingdom | Publication | April 25, 2025
Pensions Regulator develops AI tool to detect potentially suspicious pension websites

Pensions Regulator develops AI tool to detect potentially suspicious pension websites

The Regulator, in conjunction with the Pension Scams Action Group (PSAG), has announced the development of an artificial intelligence tool to detect potentially suspicious websites aimed at pension savers.

United Kingdom | Publication | April 25, 2025
Pensions Regulator’s intervention report reflects its facilitation of trustee and employer agreement following failure to agree triennial valuation

Pensions Regulator’s intervention report reflects its facilitation of trustee and employer agreement following failure to agree triennial valuation

On March 11, 2025, the Regulator published a regulatory intervention report on its involvement with the MGN Pension Scheme in relation to a failure to agree the 2019 triennial valuation.

United Kingdom | Publication | March 28, 2025
Pensions Regulator publishes overview of the UK’s occupational DC trust-based landscape

Pensions Regulator publishes overview of the UK’s occupational DC trust-based landscape

The Regulator has published its annual report of the occupational DC trust-based landscape in the UK, providing an overview of memberships and assets.

United Kingdom | Publication | March 13, 2025
Pensions Regulator improves oversight of largest DC schemes to enhance member outcomes

Pensions Regulator improves oversight of largest DC schemes to enhance member outcomes

Following a 12-month review, the Regulator has published a report on its oversight of the DC and master trust market, setting out details of its new approach.

United Kingdom | Publication | February 25, 2025


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