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The Pensions Brief: July 2025

The government has also published a roadmap setting out its overarching aims for its reforms to workplace pensions as well as indicative timing for implementation of the Bill. The roadmap indicates that the reforms will come...more

UK Reforms to the Rules on Surplus Release From DB Pension Schemes

AT A GLANCE - The government will make release of surplus from ongoing defined benefit (DB) pension schemes easier....more

"Game-Changing" Pensions Reform – The Pension Schemes Bill is Published

The long-awaited Pension Schemes Bill has been laid before Parliament. Described by the government as a "game changer", it aims to increase members' pension pots and deliver a £50 billion investment into the UK economy. The...more

Pension Megafunds and Mandated Asset Allocation – The Government Confirms its Plans

The government has published the Final Report of its Pensions Investment Review, together with a response to its consultation on unlocking the UK pensions market for growth. These confirm that the government will proceed with...more

DB Pension Surpluses – Relaxation of Extraction Rules

The government has responded to the previous government's 2024 consultation on options in the DB context to provide better outcomes for members, drive a more consolidated market, and enable pension funds to invest in a...more

UK: Pensions – Updated Guidance on Employer Covenant Assessment

AT A GLANCE - A new funding regime for defined benefit pension schemes in the United Kingdom came into force in September 2024. The new regime introduces a legal requirement for trustees to assess the strength of the...more

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