Here we look at the big picture trends in the world of pensions, including important case law developments and industry initiatives.

Pensions Hub

PPF consults on proposed bespoke discount rates for smaller schemes in section 143 valuations

PPF consults on proposed bespoke discount rates for smaller schemes in section 143 valuations

The Pension Protection Fund is proposing that smaller schemes – those with liabilities of less than about £50 million – may be permitted to use bespoke discount rates in section 143, 152 and 158 valuations. The proposed change would apply to valuations with effective dates on or after May 31, 2024, and the consultation closes on May 6, 2024.

United Kingdom | Publication | April 15, 2024
Pensions Dashboards: DWP publishes its long-awaited staged timetable for schemes’ dashboard connection

Pensions Dashboards: DWP publishes its long-awaited staged timetable for schemes’ dashboard connection

All occupational schemes, along with personal pension providers, must connect to pensions dashboards by October 31, 2026, at the latest. The DWP has now published guidance setting out a staged timetable, starting with the largest schemes. This phased connection aims to smooth the process of connecting the approximately 3,000 pension schemes and providers in scope by the 2026 connection deadline.

United Kingdom | Publication | April 15, 2024
Pensions Dashboards: FCA consults on regulatory framework for pensions dashboard service companies

Pensions Dashboards: FCA consults on regulatory framework for pensions dashboard service companies

The FCA has launched a consultation on new guidance to help companies understand the scope of the new regulated activity of operating a pensions dashboard service.

United Kingdom | Publication | April 15, 2024
Pension Protection Fund publishes blog on supporting overfunded schemes and Clara takes over the Debenhams scheme

Pension Protection Fund publishes blog on supporting overfunded schemes and Clara takes over the Debenhams scheme

The PPF has published a blog sharing its experience of working with overfunded schemes (that is, on a PPF basis) that enter the PPF’s assessment period and how it is helping them to achieve the best possible outcomes for members.

United Kingdom | Publication | March 27, 2024
Budget Spring 2024: Pension changes

Budget Spring 2024: Pension changes

Compared with recent years, the pensions changes announced in the Budget were relatively minor this year.

United Kingdom | Publication | March 13, 2024
DWP publishes consultation on surplus extraction and public sector consolidator options for DB schemes

DWP publishes consultation on surplus extraction and public sector consolidator options for DB schemes

On February 23, 2024, the DWP published a consultation paper with proposals facilitating DB scheme surplus extraction and investment of scheme assets in the productive finance proposals outlined in the 2023 Mansion House speech. It also introduces the plan for a public consolidator vehicle operated by the PPF by 2026, which aims to be accessible to smaller, less well-funded schemes unable to secure an insurance buy-out.

United Kingdom | Publication | March 13, 2024
Regulator publishes annual report on overview of DB and hybrid schemes

Regulator publishes annual report on overview of DB and hybrid schemes

On February 20, 2024, the Regulator published its annual report providing an overview of the occupational DB and hybrid pension scheme landscape in the UK. The report covers scheme status, membership...

United Kingdom | Publication | March 13, 2024

Private Members' Bill proposes compensation for women affected by increase in State Pension Age

The State Pension Age (Compensation) Bill has been introduced in the House of Commons by Alan Brown, MP, as a Private Members' Bill. The Bill requires the Secretary of State to publish proposals for a...

United Kingdom | Publication | February 26, 2024
Pensions Dashboards Programme publishes blog on its planned industry engagement in 2024

Pensions Dashboards Programme publishes blog on its planned industry engagement in 2024

The Pensions Dashboards Programme has published a blog in which it confirms its continued collaboration with DWP, regulators and industry across a range of areas to deliver dashboards.

United Kingdom | Publication | January 29, 2024


Recent publications

Publication

Failure to prevent fraud: what should you be doing before September?

With less than five months to go until the new UK failure to prevent fraud offence comes into force on 1 September 2025, many organisations are conducting risk assessments and enhancing anti-fraud policies and procedures with a view to preventing fraud and providing themselves with a defence should this be necessary.

United Kingdom | April 14, 2025

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One-stop shop: Pakistan unveils harmonised national minerals framework

Pakistan, being part of the Tethyan Belt, has vast untapped potential in minerals including copper, gold, and lithium. Reko Diq, located in the Chagai District of Balochistan, is set to become one of the world's five largest copper mines. However, many view this cornerstone project as just the beginning for Pakistan, setting a precedent for future projects in its mineral-rich landscape.

Global | April 14, 2025

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Compliance Update | Neue Pflichten zum Schutz von Hinweisgebern

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ESG and Internal Investigations: New Compliance Challenges

“ESG” refers to a set of criteria used to measure a company’s non-financial ethical and sustainability practices.

Global | April 14, 2025

Regulation and investigations
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