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

Pensions Hub

PPF publishes The Purple Book 2025

PPF publishes The Purple Book 2025

The PPF has published the 20th edition of The Purple Book, which provides data and analysis of the UK DB pension landscape as at March 31, 2025.

United Kingdom | Publication | december 17, 2025
Pensions measures in the November 2025 Budget

Pensions measures in the November 2025 Budget

The Chancellor delivered her Budget on November 26, 2025. As extensively trailed before the Budget speech, salary sacrifice contributions exempt from National Insurance Contributions (NICs) will be capped at £2,000 of salary per annum but this is not due to come into force before April 6, 2029. Several other pensions measures are included in the Budget document, entitled Strong Foundations, Secure Future.

United Kingdom | Publication | december 17, 2025
Pensions Regulator updates 2026 scheme return questions for DB and hybrid schemes

Pensions Regulator updates 2026 scheme return questions for DB and hybrid schemes

The Regulator has updated the questions included in scheme returns for DB and hybrid pension schemes. Most schemes are obliged to submit annual returns to the Regulator.

United Kingdom | Publication | november 27, 2025
PPF publishes consultation on 2026/27 levy

PPF publishes consultation on 2026/27 levy

The Pension Protection Fund has published its consultation on its plans for the 2026/27 levy, setting out its intention to maintain a zero levy for the UK’s approximately 5,000 conventional DB schemes. The consultation closes on January 5, 2026.

United Kingdom | Publication | november 27, 2025
Pensions Regulator secures full benefits for Box Clever Group Pension Scheme members

Pensions Regulator secures full benefits for Box Clever Group Pension Scheme members

The Regulator has announced that all 2,800 members of the Box Clever Group Pension Scheme have transferred to the ITV Pension Scheme and members who have been receiving benefits at PPF levels since 2014 will receive full scheme benefits and back payments.

United Kingdom | Publication | november 13, 2025
High Court approves trustee’s “momentous decision” to vary buy-in and distribute surplus

High Court approves trustee’s “momentous decision” to vary buy-in and distribute surplus

In KO UK Pension Trustees Ltd. v Barber (a 2024 judgment which has only recently become available), the High Court sanctioned a trustee's application for approval of two decisions concerning a DB occupational pension scheme with 286 pensioners, 494 deferred pensioners and five active members.

United Kingdom | Publication | oktober 30, 2025
Financial Reporting Council to develop technical guidance for scheme actuaries on <em>Virgin Media</em> remedy

Financial Reporting Council to develop technical guidance for scheme actuaries on Virgin Media remedy

The Financial Reporting Council has published a press release confirming that it will develop technical guidance for scheme actuaries in confirming historic pension scheme amendments using the Virgin Media set out in the Pension Schemes Bill 2025.

United Kingdom | Publication | oktober 20, 2025
PPF confirms zero risk-based levy for 2025/26

PPF confirms zero risk-based levy for 2025/26

The PPF has confirmed it will not charge DB schemes a “conventional” levy for 2025/26, saving affected schemes a collective bill of approximately £45m.

United Kingdom | Publication | september 26, 2025
Pensions Regulator publishes its 2025 funding analysis of occupational DB schemes

Pensions Regulator publishes its 2025 funding analysis of occupational DB schemes

The Regulator published its annual funding analysis for UK occupational DB and hybrid pension schemes on September 4, 2025. The 2025 report is based on “tranche 18 schemes”, which are those with effective valuation dates from September 22, 2022, to September 21, 2023. inclusive.

United Kingdom | Publication | september 15, 2025


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Lesley Browning
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lesley.browning@nortonrosefulbright.com
T: +44 20 7444 2448 / +44 77 1030 3311
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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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