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
7/9/2025
/ Data Protection ,
Employee Benefits ,
Financial Regulatory Reform ,
New Legislation ,
Pensions ,
Proposed Legislation ,
Regulatory Reform ,
Regulatory Requirements ,
Retirement ,
Sustainability ,
The Pensions Regulator (TPR) ,
Trustees ,
UK
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
The Pensions Regulator (TPR) has published guidance for trustees on new models and options for DB and hybrid pension schemes. While some of these are endgame options, the guidance also covers options for improving financial...more
ISSUES AFFECTING ALL SCHEMES -
MARKET VOLATILITY – PENSIONS REGULATOR REPORT -
The Pensions Regulator (TPR) has published a market oversight report on market volatility and what trustees should do, which sets out how...more
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
5/29/2025
/ Employee Benefits ,
Employer Liability Issues ,
Fiduciary Duty ,
New Regulations ,
Pension Schemes ,
Proposed Legislation ,
Regulatory Reform ,
Retirement Plan ,
The Pensions Regulator (TPR) ,
Trustees ,
UK
ISSUES AFFECTING ALL SCHEMES -
PENSIONS DASHBOARDS – PREPARATIONS FOR CONNECTION -
As part of its campaign to get the pensions industry “dashboards-ready”, the Pensions Regulator (TPR) has released a series of short...more
5/12/2025
/ Climate Change ,
Employee Benefits ,
Environmental Social & Governance (ESG) ,
Government Agencies ,
New Regulations ,
Pensions ,
Regulatory Oversight ,
Regulatory Requirements ,
Retirement Plan ,
The Pensions Regulator (TPR) ,
UK
The Pensions Regulator (TPR) has published its 2025 funding statement. It is targeted at DB schemes undergoing valuations with effective dates between 22 September 2024 and 21 September 2025. However, it is relevant to all DB...more
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
3/31/2025
/ Employee Benefits ,
Employer Liability Issues ,
New Guidance ,
Pensions ,
Regulatory Reform ,
Regulatory Requirements ,
Retirement Plan ,
Risk Management ,
The Pensions Regulator (TPR) ,
Trustees ,
UK
ISSUES AFFECTING ALL SCHEMES -
PENSION SCAMS – UPDATED MEMBER LEAFLET -
The Pensions Regulator (TPR) has updated its member leaflet on pension scams to remove the reference to Pension Wise....more
3/13/2025
/ Compliance ,
Employee Benefits ,
Fiduciary Duty ,
Financial Services Industry ,
Mergers ,
Pensions ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management ,
The Pensions Regulator (TPR) ,
Trustees ,
UK
The Pensions Regulator (TPR) has published updated guidance for trustees on employer covenant assessment. The guidance represents the final piece in the new DB funding regime which came into force earlier this year. While TPR...more
ISSUES AFFECTING ALL SCHEMES -
PENSIONS DASHBOARDS – UPDATED STANDARDS -
The Pensions Dashboards Programme has published updated versions of: -
The dashboards code of connection – This sets out how schemes and...more
The Pensions Brief is a monthly update for trustees and employers of occupational pension schemes in the UK. It provides headline summaries of developments over the previous month and associated action points. It also...more
9/6/2024
/ Compensation & Benefits ,
Employee Benefits ,
Financial Conduct Authority (FCA) ,
HMRC ,
Pension Schemes ,
Pensions ,
Plan Administrators ,
Retirement Plan ,
The Pensions Regulator (TPR) ,
Trustees ,
UK
In March 2024, TPR announced the results of a 2023 survey on trustee diversity. The results confirm that trustee boards are less diverse than the overall population, with the “typical trustee,” as described by TPR, being “a...more
The government has published statutory guidance setting out the staged timetable for connection to the pensions dashboards ecosystem. Although the statutory deadline for connection is 31 October 2026, schemes are required to...more
The Pensions Brief is a monthly update for trustees and employers of occupational pension schemes in the UK. It provides headline summaries of developments over the previous month and associated action points. It also...more
General Code – final version published -
The Pensions Regulator (TPR) has published the final version of its new General Code and an accompanying consultation response. The Code consolidates ten of TPR’s existing codes...more
With the pensions industry having direct experience of recent cyber security incidents, the Pensions Regulator (TPR) has updated its guidance for trustees in this area. As a reminder, this year saw Capita suffer a cyber...more