Law360: Two pension scheme trustees convicted of helping a fraudster con hundreds of savers into transferring almost £14m out of their retirement pots were ordered to repay £35,000 following confiscation proceedings in London on 17 January 2024.

Law360: The government announced on 13 May 2025 that it has struck a deal with the pensions industry that could result in £25bn of investment of pension assets in private markets including UK infrastructure and clean energy projects.

Lane Clark and Peacock (LCP) is urging the Liability Driven Investment (LDI) managers to influence the government climate policy to protect members’ pensions, as gilts are increasingly playing a large role in DB portfolios. After assessing five major LDI managers, LCP found that the firms have varying degrees of resources dedicated to climate policy, LDI managers' climate change strategies and frameworks were unclear and private and managers have been reluctant to comment on the government's net zero plans. LCP therefore urges LDI managers to further engage with the government to address the climate risk.

Law360: PricewaterhouseCoopers (PwC) has stated that pension plans need to carefully weigh a range of options for their end game strategies, as retirement savings scheme funding continues to hover around near record levels.

Law360: One quarter of defined benefit retirement saving schemes have not yet analysed how they fall short of the requirements mapped out in TPR’s new code of practice due to take effect next month, WTW said on 2 February 2024.

Law360: The Pensions Regulator (TPR) has said in a review published 11 April 2024 that retirement savings schemes have moved closer to achieving net-zero emissions standards in their portfolios by updating investment strategies and boosting allocations to low-carbon funds.

HMRC has published pension schemes newsletter 170.

Law360: PwC has said that sustained improvements in funding levels for private sector pensions in the UK means that many defined benefit (DB) schemes are considering stopping contributions from sponsors to avoid overfunding.

This guide is primarily aimed at trainees, newly qualified lawyers and other persons who are new to or unfamiliar with pensions law. Background Trustees play a vital role in the pensions arena. This is particularly so in respect of occupational pension schemes, but trusts and trustees can also be found in other guises in relation to pensions. For example, this includes trusts established by pension and life assurance schemes to accept death-in-service lump sum payments due to beneficiaries who are unable to give 'good receipt' in respect of payments due to them, such as children under the age of legal majority and people who are otherwise legally incapable. Pension schemes which are established as trusts are subject to the usual rules of trust law (eg the general requirement that trustees must act in the best interests of their beneficiaries, subject of course to applicable law). In addition, pensions-related case law and legislation impose further specific requirements and obligations on pension scheme trustees. The role of a pension scheme trustee The

Pensions analysis: The Pensions Ombudsman has upheld a complaint about member communication. Martin Scott of gunnercooke LLP looks at the decision.

Law360: Pension scheme trustees and scheme sponsors should 'not ignore' the growing influence of businesses raising money to buy bitcoin as part of their financial strategies, Cartwright Pension Trusts has said. It encourages trustees and sponsors to reevaluate their long-term financial resilience, considering the rising impact of bitcoin treasury companies. This reassessment is positioned within a broader, forward-looking investment approach that has the potential to transform corporate balance sheets and affect the strength of employer covenants.

Provides a spouse with a share of a pension scheme member’s retirement benefits on divorce.