On 1 September, the Government published a series of amendments to the Pension Schemes Bill 2025 (Bill). These amendments include new clauses implementing the Government’s promised remedy following the Court of Appeal decision in Virgin Media Ltd v NTL Pension Trustees. The remedy will enable trustees to obtain retrospective actuarial confirmation that historic changes to contracted-out […]
Virgin Media – legislative remedy (pensions) Read More »
On 5 June 2025, the prayers of many in the pensions industry were answered when the DWP announced that the Government will introduce legislation to address issues arising from the Virgin Media v NTL Pension Trustees judgment. Background The DWP acknowledged the industry uncertainty emanating from the July 2024 Court of Appeal judgment, which upheld a High
Government to address pension industry concerns following landmark judgment Read More »
At a glance The UK Government has confirmed that it will be introducing greater flexibility for defined benefit (DB) pension schemes to share surplus funds with scheme employers and beneficiaries. This will be welcome news for employers that may wish to use surplus assets to invest in the business, reduce debt or improve other employee
Unlocking pension surplus: What employers need to know about the new DB scheme reforms Read More »