A bite-sized summary of recent UK pension news Inheritance tax (IHT) on pensions: amendments to the Finance (No 2) Bill Clarification from the government of how the IHT provisions will work; Pension Protection Fund:...more
ISSUES AFFECTING ALL SCHEMES - DATA (USE AND ACCESS) ACT 2025 – HANDLING COMPLAINTS - The requirement under the Data (Use and Access) Act 2025 (the “Act”) for organisations to have a process in place for handling data...more
Welcome to your weekly update from the A&O Shearman Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions....more
Welcome to your weekly update from the A&O Shearman Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. Data (use and access) act—requirements for complaints process...more
The latest development in relation to issues arising from the Virgin Media case is publication by the Financial Reporting Council (FRC) on 23 January 2026 of guidance for actuaries who are asked to confirm whether a...more
Welcome to our latest update, in which we cover: Value for money (VFM): consultation Pensions Dashboards Programme (PDP): consultation on the delivery of private sector dashboards Pension Protection Fund (PPF): FAQs about...more
ISSUES AFFECTING ALL SCHEMES - SCHEME ADMINISTRATION – REVISED GUIDANCE... The Pensions Regulator (TPR) has published revised guidance on scheme administration....more
Welcome to our monthly update on current legal issues for trustees of DB and hybrid pension schemes, designed to help you stay up to date with key developments between trustee meetings and to support the legal update item on...more
Pension Schemes Bill: Virgin Media remedy - Provisions in the Bill will enable retrospective validation of rule changes which may have otherwise been invalid, following the Court of Appeal’s decision in the Virgin Media case....more
ISSUES AFFECTING ALL SCHEMES - AUTUMN BUDGET 2025 – PENSIONS ASPECTS - The Autumn Budget contained the following key pensions-related announcements: From April 2029, the National Insurance contributions (NICs) relief on...more
The Budget Statement includes the following announcements relevant to pensions. Salary sacrifice - As had been widely anticipated, the National Insurance contributions (NICs) benefit of paying employee pension contributions...more
The Chancellor has today announced her highly anticipated autumn Budget. As speculated, the most significant change in relation to pension schemes was the introduction of an annual GBP2,000 cap on the amount of pension...more
Welcome to your weekly update from the A&O Shearman Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. SUMMARY - •The Pensions Regulator’s new guidance sets...more
Welcome to our latest update, in which we cover: Sole corporate trustees: updated Code of Practice The Association of Professional Pension Trustees (APPT) has strengthened its expectations of sole corporate trustees. DB...more
A warning about adverse tax consequences of reversing a decision to take a pension commencement lump sum (tax-free cash) or uncrystallised funds pension lump sum (UFPLS)...more
A bite-sized summary of recent UK pension news - Welcome to our latest update, in which we cover: Virgin Media: resolution in sight Welcome legislation to help resolve issues arising from the Virgin Media case...more
The government has today published amendments to the Pension Schemes Bill to allow the retrospective validation of amendments which may have otherwise been invalid, following the Court of Appeal's decision in the Virgin Media...more
A bite-sized summary of recent UK pension news Welcome to our latest update, in which we cover: Pension Protection Fund: levy invoicing on hold PPF has put its levy invoicing for 2025/26 on hold while it monitors the...more
Welcome to your weekly update from the A&O Shearman Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. TPR commitments to support growth - The Pensions Regulator (TPR)...more
Welcome to your weekly update from the A&O Shearman pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. High Court 'blesses' merger of scheme in winding-up and sharing...more
ISSUES AFFECTING ALL SCHEMES - PENSION SCAMS – MEMBER LEAFLET - The Pensions Regulator (TPR) has updated its member leaflet on pension scams so that it is branded from the Pension Scams Action Group rather than TPR. The...more
Welcome to your weekly update from the A&O Shearman pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. TPR publishes DB landscape 2024 - The Pensions Regulator’s...more
Welcome to your weekly update from the A&O Shearman pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. TPR publishes updated DB covenant guidance - The Pensions...more
Welcome to your weekly update from the A&O Shearman Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. TPR publishes statement of strategy templates - New funding...more