Trustee Quarterly Update June 2025

We take a look at the key developments for UK pension scheme trustees over the past quarter. These include the Government's announcement regarding changes to the law on pension scheme surpluses, and also some HMRC research indicating that the tax treatment of salary sacrifice arrangements is under active consideration. We also consider some Pensions Ombudsman decisions with wider relevance. These include a case where a member complained about the time taken to achieve GMP equalisation, and a case where the Ombudsman acknowledged that there are limits to the level of investigation that can be expected from a decision-maker in a death benefits case.

Cases

Judgment in Verity Trustees Ltd v Wood likely to have wider implications for pension schemes