Pensions Weekly Update – 30 July 2025

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Here is our weekly summary of key legal and regulatory developments relevant to occupational pension schemes that you might have missed, with links for further information.

In a recent blog post, Julian Lyne, interim executive director of market oversight at The Pensions Regulator (TPR) explains how accurate, digitalised member data is key to the success of dashboards. According to TPR’s 2024-2025 dashboards readiness survey, many schemes are still working on data improvement plans, and one in four schemes are still holding some nondigitised data. The survey results highlight a lack of attention towards additional voluntary contributions in comparison with other areas of dashboards preparation. In the coming months, TPR plans to meet with the largest schemes to scrutinise their preparations for dashboards, and it will launch a campaign targeting medium-sized schemes due to connect in 2026, to make sure they are on track.
TPR has published its Corporate Plan 2024 to 2027: Year 2 Update, which sets out how it is helping the pensions industry to prepare for the impact of the new Pension Schemes Bill. Among its many aims, TPR says it will support access to good investment opportunities, using its sector insights to help government understand and prioritise the kinds of growth opportunities that UK pension schemes will find attractive. TPR has also issued its report and accounts for 2024 to 2025.
The Pensions Ombudsman and the Pension Protection Fund Ombudsman has issued its report and accounts for 2024 to 2025 and confirms that it resolved more cases in this period than ever before due to efficiencies introduced as part of its operating review model.
Before you take a summer break, bear in mind that responses to the government’s call for evidence on the Pension Schemes Bill are requested “as soon as possible”. The Public Bill Committee will start its line-by-line examination of the Pension Schemes Bill on 2 September 2025, but it could conclude its considerations earlier than the expected deadline of 23 October 2025.
The UK’s data protection regime is undergoing a transformation with the Data (Use and Access) Act 2025 (DUAA) receiving royal assent on 19 June 2025. Positioned as introducing incremental change rather than major reform, the DUAA is intended to address the UK government’s aim to recalibrate the balance between privacy, innovation and regulatory pragmatism with the ultimate goal of promoting economic growth. Our recent blog post explores the key areas of change.