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ARTICLE · 24 DECEMBER 2025

Pensions Radar - December 2025

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Pensions Radar is a quarterly listing of expected future changes in UK law affecting work-based pension schemes.

United KingdomEmployment and HR
David James
David James
Daniel Gerring
Daniel Gerring
Niamh Hamlyn
Niamh Hamlyn
Chris Widdison
Chris Widdison
Catrin Young
Catrin Young
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Legislative and regulatory developments

The following are forthcoming developments with known or expected dates:

KEY DATE

DB scheme funding and investment

DB schemes are required in connection with their next valuation to have a 'funding and investment strategy' for ensuring that benefits can be provided over the long term. After determining or revising such a strategy, trustees have to prepare a 'statement of strategy', to be agreed with the sponsoring employer. All valuations have to be submitted to the Pensions Regulator, whether or not the scheme is in deficit. See WHiP Issues 97 and 108.

Complementing these changes is a Pensions Regulator code of practice and updated covenant guidance. The Regulator's final 'fast track' parameters have also been published: these will form part of forthcoming guidance on the Regulator's regulatory approach. The digital platform for submitting documents to the Regulator is now available. See WHiP

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