Trackers

Trackers

Legislation tracker

The Lexis+® UK Pensions legislation tracker sets out details of:

•
forthcoming legislation
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legislation recently in force

The legislation tracker can be accessed here.

There is also a Practice Note providing a summary of the provisions of the Pension Schemes Bill (PSB) and tracking the progress of the PSB through the parliamentary process (including any amendments made to the PSB). Moreover, the Practice Note provides an overview of the topics covered by the PSB, the relevant clause and/or Schedule details, a brief overview of the relevant provisions and whether further consultation and/or

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Latest Pensions News

FRC issues revised Technical Actuarial Guidance on Proportionality

The Financial Reporting Council (FRC) has issued revised Technical Actuarial Guidance on Proportionality to support actuaries in applying principles-based Technical Actuarial Standards (TASs) proportionately. The updated guidance includes additional material with new examples focused on general insurance pricing, illustrating the use of streamlined documentation and communication to support efficient delivery of quality work within tight time constraints. The update follows feedback received during the FRC's TAS 200 consultation, where stakeholders indicated the value of further proportionality guidance in relation to general insurance pricing. The principles-based TASs are designed to enable actuaries to tailor their approach based on the nature, scale, and complexity of work while focusing on core rationale behind the standards and supporting quality outcomes.

Survey finds most DB pension funds to shun UK growth assets in 2025

Law360: Pension bosses in the £1.4trn defined benefit (DB) pension sector are unlikely to put money into UK growth assets over 2025–26, a survey found on 14 October 2025, despite government efforts to galvanise parts of the industry into domestic investment.

Work and Pensions Committee to hold oral evidence session on pension increases for pre-1997 defined benefit rights

The House of Commons Work and Pensions Committee will hold an oral evidence session on indexation of pre-1997 pension rights and member representation on Wednesday 22 October 2025. This session will explore perspectives from member groups, trustees, professionals, as well as the Pensions Regulator on how historic pension benefits are managed and represented in today’s landscape. This session forms part of the Committee’s ongoing scrutiny of pension fairness and transparency, particularly for members whose pre-1997 defined benefit rights are not subject to statutory inflation protection.

MHCLG adds draft Best Value Direction to LGPS consultation

The Ministry of Housing, Communities and Local Government (MHCLG) has added a Draft Updated Best Value Direction document to its ongoing consultation on Local Government Pension Scheme improvements in England and Wales. The three page draft direction supplements the consultation covering pension access proposals including normal minimum pension age, mayor and councillor pension access, academies participation and new Fair Deal arrangements. The consultation remains open until 22 December 2025.