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Pension Schemes Bill progress and update to <em>Virgin Media</em> clauses

Pension Schemes Bill progress and update to Virgin Media clauses

A Pension Schemes Bill 2025 amendment paper was published on December 1, 2025, setting out extensive Government amendments and new clauses ahead of the Bill's report stage and third reading that took place on December 3, 2025. The Bill then moved to the House of Lords for consideration. The second reading in the House of Lords is scheduled for December 18, 2025.

United Kingdom | Publication | December 17, 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
Chancellor joins forces with pension providers and insurers to drive growth as HM Treasury announces launch of

Chancellor joins forces with pension providers and insurers to drive growth as HM Treasury announces launch of "Sterling 20 Initiative"

HM Treasury has announced the launch of the “Sterling 20 Initiative” group, which is a new investor-led partnership between 20 of the UK’s largest pension funds and insurers.

United Kingdom | Publication | October 30, 2025
Multiple amendments published to Pension Schemes Bill

Multiple amendments published to Pension Schemes Bill

On September 1, 2025, a lengthy paper was published detailing over 200 proposed amendments to the Pension Schemes Bill. The changes are currently being considered at the committee stage where the line by line reading of the Bill began the following day and is due to conclude on October 23, 2025.

United Kingdom | Publication | September 15, 2025
UK Pensions Briefing | Pension Schemes Bill amendments include mitigation provisions for Virgin Media issues

UK Pensions Briefing | Pension Schemes Bill amendments include mitigation provisions for Virgin Media issues

The Government has tabled several amendments to the Pension Schemes Bill, including changes which aim to address issues raised by the 2024 Court of Appeal decision in the Virgin Media case. The proposals are due to be discussed during the Committee Stage of the Bill’s process through Parliament, which ends on October 23, 2025.

United Kingdom | Publication | September 11, 2025
Presenting pensions: The future of DB Surplus

Presenting pensions: The future of DB Surplus

The UK government has recently introduced the Pension Schemes Bill, marking a significant development in pension reform. This legislation aims to transform the pensions landscape by focusing on the policy aims of scale and consolidation in both defined contribution and defined benefit pension schemes.

United Kingdom | Podcast | September 10, 2025
To the victor the spoils: What the courts say about surplus distribution

To the victor the spoils: What the courts say about surplus distribution

In this latest blog in our Mansion House series, we consider what trustees newly empowered to distribute surplus when the Pension Schemes Bill comes into force will first need to consider.

United Kingdom | Blog | September 04, 2025
Mansion House speech outlines financial services sector reforms

Mansion House speech outlines financial services sector reforms

Rachel Reeves, the Chancellor, gave her second Mansion House speech on July 15, 2025.

United Kingdom | Publication | July 28, 2025
Call for evidence opens on Pension Schemes Bill

Call for evidence opens on Pension Schemes Bill

On July 8, 2025, the House of Commons Public Bill Committee opened a call for evidence on the Pension Schemes Bill, with written views requested by October 23, 2025, from those with relevant expertise or special interest in the policy areas.

United Kingdom | Publication | July 28, 2025


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Lesley Browning
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Shane O'Reilly
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Email
shane.o'reilly@nortonrosefulbright.com
T: +44 (20) 74443895

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