Trackers

Copyright © 2025 LexisNexis

Legislation tracker

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

  1. •

    forthcoming legislation

  2. •

    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 secondary legislation

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Existing user? Sign-in TAKE A FREE TRIAL
Powered by Lexis+®
Latest Pensions News

PPF publishes The Purple Book 2025 as DB scheme universe continues to contract

The Pension Protection Fund (PPF) has published the 20th edition of the Purple Book, its annual overview of the defined benefit (DB) pensions landscape. The report indicates continued stability in scheme funding and a gradual reduction in the size of the DB universe. The number of PPF-eligible DB schemes decreased from 4,974 in March 2024 to 4,840 in March 2025. Funding levels improved during the year with the aggregate funding ratio increased from 123% to 125% on a section 179 basis.  Higher gilt yields, which reduced liability values, were the main factor behind this improvement. On an estimated full buy-out basis, the aggregate deficit narrowed from £69.5bn to £47.2 bn and the funding ratio rose from 94.4% to 95.8%. Asset allocations continued to shift towards lower-risk profiles. Schemes invested 70.6% of assets in bonds, while the proportion in equities fell slightly to 15.1%. Meanwhile, the proportion of assets held in annuities reached 13%.

TPR launches initiative exploring pension scheme private markets investment barriers

The Pensions Regulator (TPR) has launched an initiative to explore the approach of defined contribution and defined benefit pension schemes to investing in growth assets and to understand barriers to private markets and infrastructure investment. TPR is conducting targeted engagements with investment consultancies, pension schemes and industry representative bodies to gather market intelligence on investment opportunities, vehicles, limitations and enablers, with emphasis on UK investment opportunities. The regulator is focusing on schemes with material scale that may be considering or have potential to make investments in private markets. TPR plans to complete this engagement by the end of 2025 and will share findings with government and publish a market oversight report in 2026. Executive Director Julian Lyne indicated that where schemes fall short of required standards, TPR will ask trustees to consider whether consolidation into larger vehicles with greater investment capabilities would be in savers' interests.

Pension Schemes Bill Report Stage and Third Reading — government amendments agreed and statutory guidance on fiduciary duty promised

During the Report Stage and Third Reading of the Pension Schemes Bill, which took place on 3 December 2025, several government amendments were made to the Bill.  Significantly, Torsten Bell also announced that the government intends to bring forward legislation that will allow the government to develop statutory guidance on fiduciary duties for the trust-based private pensions sector. The guidance (which will be consulted on before being finalised) will provide practical support to trustees about how to comply with their fiduciary duties in considering wider factors, including systemic risks (like climate risk) and members’ standards of living. By clarifying their fiduciary duties, the government’s aim is to give trustees added confidence that they can invest in the long-term interests of their members and society. The government will set out more details on its guidance plans ‘in a matter of months’.

PASA urges strong governance and clear rules in developing the retirement CDC regime

The Pensions Administration Standards Association (PASA) has published its response to the Financial Conduct Authority’s (FCA) consultation on Retirement Collective Defined Contribution (RCDC) schemes. It supports extending Collective Defined Contribution (CDC) solutions to retirement-phase arrangements and highlights their potential to deliver improved outcomes for savers auto-enrolled into DC schemes.

View Pensions by content type :  
News
Practice notes
Precedents
Q&As

Popular documents

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of
If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Late payment penalties—inheritance tax

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of