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ARTICLE · 04 JUNE 2025

The Pensions Brief: June 2025

Mayer Brown
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The Pensions Regulator (TPR) has published a market oversight report on market volatility and what trustees should do, which sets out how schemes...

United KingdomEmployment and HR
Andrew Block
Andrew Block
Katherine Carter
Katherine Carter
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Issues affecting all schemes

Market volatility – Pensions Regulator report

The Pensions Regulator (TPR) has published a market oversight report on market volatility and what trustees should do, which sets out how schemes are responding to the current market environment and highlights risks that trustees need to watch for and respond to.

The report identifies five key areas where trustees of DB schemes should focus:

  • Scheme liquidity and cashflow management.
  • Investment strategy and risk management.
  • Governance and operational resilience.
  • Covenant and employer considerations.
  • Opportunities and funding level changes.

For trustees of DC schemes, the report identifies three key areas of focus:

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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