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Master trust agenda – Q1 2026

This quarterly bulletin sets out current and future developments affecting master trusts, so you can check what should be on your agenda.

Own Risk Assessments – making it happen

With the first ORAs due in March 2026, we draw on experience so far and highlight practical steps for schemes with deadlines later in the year.

7 Days – 26 January 2026

– TPR encourages trustees to respond to the latest VFM consultation
– Government responds to petition on pension transfer times
– PASA digital administration guidance
– PDP blog on data preparation
– FRC guidance for actuaries on proposed Virgin Media remedy

PPF levy 2026/27

In this hot topic, we look at the PPF’s proposals for its 2026/27 levy and set out key actions  for trustees and employers.

Efficiency: the next frontier in pension scheme de‑risking

The pensions de-risking market continues to mature, with an increasing focus on greater efficiency – both at the initial buy-in transaction stage, and later dat...

Joint consultation on detailed rules for new VFM Framework

Intended to “support a significant shift in the way the workplace pensions industry operates and competes”…

Happy 25th anniversary pension sharing – is pension breaking up still hard to do?   

1 December 2025 saw the 25th anniversary of the introduction of pension sharing on divorce.

Disclaimers: not a “get out of jail free” card

Pension schemes should ensure that all information given to members about their benefits is as accurate as it can be. However, even when the best of efforts are...

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