R3, IPA, ICAEW and ICAS have co-signed a letter to the Insolvency Service requesting urgent clarification following two court decisions in 2024 which appear to conflict with the views of the Insolvency Service on whether an office holder should seek consent of paid secured creditors to extend the period of administration.

Law360: The government's climate reporting regime for pension schemes has failed to produce a meaningful shift in investment behaviour away from fossil fuels, experts warned lawmakers, while also issuing a call for guidance to encourage climate-friendly investing.

The Centre for Finance, Innovation and Technology (CFIT) has announced a new industry coalition to fight economic crime through enhanced verification. CFIT says the coalition will bring together experts from a broad range of fields including finance, technology, policy, academia and others, to devise solutions for detecting fraud, protecting SMEs and bolstering defences against crime such as authorised push payment (APP) fraud.

Law360: Two-thirds of pension professionals have been unhappy with the direction of retirement savings policy in the past six months, finance experts said 1 May 2024, adding that an 'influx of policies' is overwhelming industry resources.

Law360: Submissions to a government-backed review of litigation-funding, which closed this month, have exposed sharp divisions among litigators, funders and trade bodies over whether the market for such financial backing should be targeted with mandatory regulation.

Law360: More detail on how the government plans to generate greater investment from the £800bn defined contribution sector into the economy seems 'highly likely' to feature in the upcoming Autumn Budget, PensionBee has said.

The European Federation of Pharmaceutical Industries and Associations (EFPIA), alongside Medicines for Europe and the European Fine Chemicals Group (EFCG), has called on the EU to legislate a Critical Medicines Act to address systemic shortages of medicines and active pharmaceutical ingredients (APIs). At a European Parliament event hosted by MEPs Tomislav Sokol (EPP) and Vlad Vasile Voiculescu (RE), industry representatives highlighted the impact of COVID-19, geopolitical tensions, inflation and reliance on a limited number of suppliers. They emphasised the need for strategic autonomy in healthcare and a harmonised EU approach to strengthen supply chains and manufacturing capacity. Speakers also noted that pricing pressures have contributed to supply chain fragility and called for alignment between EU-level intentions and national implementation.

Law360: The next government must urgently carry out a review of pension savings adequacy soon after taking power in order to stave off a looming retirement crisis, a coalition of industry bodies and experts warned.

Law360: On 8 May 2025, the European Commission published new lists of products potentially subject to EU rebalancing measures in retaliation to US tariffs.

Law360: Pension industry professionals have said that the Autumn Budget announcement by HM Treasury that it would remove a loophole that allowed the transfer of inherited pension wealth without paying inheritance tax was overdue.

TPT Retirement Solutions have published new research, which shows that, out of 100 trustees surveyed, 88% of trustees of defined benefit (DB) pension scheme are expecting to decide upon an endgame strategy within the next five years, while 39% are expecting to do so in the next two years. In addition, 98% of participants have commenced endgame preparations, and the research also shows that a range of options, such as consolidation into a multi-trust solution, a capital-backed journey plan or a consolidation into a superfund, are being considered as endgame strategies. 87% of trustees also considered running-on as an attractive solution.

Centralised pension scheme for non-associated employers in the same industry.