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United Kingdom

UK pensions weekly: TPR growth pledges; permanent EMIR clearing exemption; LGPS seeks Virgin Media clarity; Companies House identity verification for corporate trustees; dashboards standards update; upcoming legislation and events

Published on: 20 March 2025

Published by a LexisNexis Pensions expert
Legal News
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Article summary

In this issue:

  • The Pensions Regulator
  • Funding, surplus and investment
  • Contracting-out
  • Trustees
  • Disclosure requirements
  • Daily and weekly news alerts
  • Dates for your diary
  • Trackers

The Pensions Regulator

HM Treasury Action Plan includes pledges from TPR

HM Treasury has issued an Action Plan outlining the next steps in its approach to regulation and the oversight of regulators. It includes commitments from regulators to back the programme. The goal is a regime that boosts innovation and economic growth, while ensuring accountability for the quality of new rules and for how independent regulators apply and enforce them. The Pensions Regulator (TPR) makes four specific commitments:

  • TPR will review the capital reserves master trusts must hold, aiming to safely free up millions of pounds for schemes by the end of 2025/26
  • TPR will develop an innovation framework and criteria to trial pensions ideas, and will launch a hub to test a range of innovation services with the market by autumn 2025...

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