Horizon scanning

Horizon scanning

This subtopic contains a Practice Note setting out key dates and future developments for pension lawyers to look out for.

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Latest Pensions News

PensionsEurope warns US Senate about pension fund tax changes in new Bill

PensionsEurope sent a letter to the US Senate on 16 June 2025 expressing concerns about section 899 of the One Big Beautiful Bill Act. This follows the approval of the Bill by the US House of Representatives on 22 May 2025. This section, which will be added to the US Internal Revenue Code, aims to raise net income and withholding tax rates on US-source income earned by non-US individuals classified as ‘applicable persons’—a group that includes pension funds. As this change poses significant risks to European pension funds’ investments in the US, and with the US Senate scheduled to vote on the Bill on 23 June 2025, PensionsEurope is actively collaborating with the World Pension Alliance and other workplace pension organisations to address the issue.

Survey finds over one million gig workers ‘can’t afford’ to save for a pension

Law360: More than a million 'gig' workers in the UK cannot afford to save into a pension, a retirement savings company has said, amid growing fears that younger and more precarious workers will not have adequate savings in later life.

DWP announces appointment of Deborah Evans as new chair of TPO

The Department for Work and Pensions (DWP) has announced the appointment of Deborah Evans as the new chair of The Pensions Ombudsman (TPO), effective from 1 July 2025, for a five-year term. Evans, who currently serves as a non-executive director and chair of TPO’s compliance committee, will take over from Anthony Arter, who has been interim chair since January 2024. The appointment was made by the Secretary of State following an open competition regulated by the Office for the Commissioner of Public Appointments. As chair, Evans will receive £24,000 per year for a minimum time commitment of 36 days annually. The announcement comes as the government’s Pension Schemes Bill continues its passage through Parliament, with proposed measures to strengthen the legal standing of TPO and improve the resolution of pension overpayment cases.

Government urged to fix civil service pension administration failures

Law360: The government has not effectively held to account the administrator of the £189bn Civil Service pension scheme for failing to meet historic performance targets, the National Audit Office (NAO) has said, urging policy makers to learn from the failures.