The Pension Schemes Bill’s long and winding road
Exactly a week after the Government unveiled its pensions plans in three major papers, the Pension Schemes Bill began its Parliamentary journey on 5 June 2025. Described by the Chancellor as a “game changer”, the Bill sets out a wide-ranging suite of measures, including:
- “to support employers’ investment plans and to benefit scheme members”, powers for DB trustees to amend scheme rules to allow greater flexibility over the safe release of any surplus, “worth collectively £160 billion”
- the new legislative framework for commercial DB superfunds
- how the Government intends to achieve the necessary scale for DC “Megafund” default arrangements by 2030 and its plans for requiring investment in UK private markets
- mirroring the FCA’s proposals for contract-based arrangements announced last summer, the new value for money (VFM) framework for trust-based schemes
- new duties to be placed on DC trustees to offer a retirement income solution or range of solutions, and
- proposals for automatically consolidating small DC pots worth £1,000 or less.
As well as exploring the Bill’s key provisions, and their likely timing, we will also take a brief look at the Government’s recently announced plans to legislate to address the uncertainty caused by the Virgin Media decision.
You will be able to send in your questions to be answered by our experts.
By joining this event you can claim 1 hour of structured CPD under the PMI CPD scheme.
