Trackers

Trackers

Legislation tracker

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

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forthcoming legislation
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legislation recently in force

The legislation tracker can be accessed here.

Case trackers

The Lexis+® UK Pensions practice area contains the following case trackers:

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Case tracker—forthcoming cases
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Case tracker—2024 pensions judgments—by topic
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Case tracker—2024 pensions judgments—by date
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Case tracker—2024 auto-enrolment pensions judgments—by date
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Case tracker—2023 pensions judgments—by topic
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Case tracker—2023 pensions judgments—by date
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Case

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Latest Pensions News

Pension transfer redress falls from rising gilt yields

Law360: The compensation that pension savers can claim for being poorly advised to transfer their pensions has fallen significantly (in most cases to zero) due to recent bond market fluctuations, a consultancy said on 9 January 2025.

HM Treasury maintains pension fund clearing exemption following call for evidence

HM Treasury has concluded its call for evidence on the pension fund clearing exemption, which ran from 13 November 2023 to 5 January 2024. After receiving 26 responses and engaging with UK regulatory authorities, the government has decided to maintain the exemption for the longer term. Legislation will be introduced to prevent the exemption's expiration on 18 June 2025 and remove any further time limit. This decision aims to provide a long-term approach to the exemption of pension funds from the obligation to clear certain derivatives contracts, though the policy will remain under review in coordination with UK regulatory authorities.

Better Finance advocates for PEPP improvements to boost adoption and pension adequacy

In response to the European Insurance and Occupational Pensions Authority’s (EIOPA) staff paper published 11 September 2024 on the slow uptake of the Pan-European Personal Pension Product (PEPP), Better Finance, the European Federation of Investors and Financial Services Users has issued a position paper supporting EIOPA's analysis whilst proposing specific improvements. Better Finance endorses retaining the 1% fee cap for the basic PEPP option and recommends expanding the product's target market through feature adjustments rather than fee increases. Key suggestions include ensuring equal tax treatment across Member States and simplifying PEPP features, potentially modelled on the US Individual Retirement Account system. Better Finance emphasises that these changes could transform PEPP into a competitive, low-cost pension option that addresses both consumer needs and policymakers' goals for long-term savings allocation in the EU economy.

Trustees facilitating pension liberation found liable for £5.2m repayment by TPO dishonesty unit

Pensions analysis: The Pensions Ombudsman’s Pensions Dishonesty Unit (PDU) concluded an extensive investigation into three occupational pension schemes in November 2024, resulting in directions for trustees to repay over £5.2m into the schemes. The Ombudsman found that scheme funds were invested in breach of trustee investment duties, facilitating pension liberation arrangements by trustees in a position of conflicting interests. Trustees, including two individuals in their personal capacities, were found to have acted dishonestly and attracted personal liability. A pension administrator was also found liable as a dishonest assistant. This case highlights the Pensions Ombudsman’s efforts to combat pension fraud and hold dishonest actors accountable. Ben Fairhead, partner, and Tom Cosgrove, associate, at Arc Pensions Law look at the background to the case, the Ombudsman’s findings and the implications for pension schemes.