7 Days is a weekly round up of developments in pensions, normally published on Monday afternoons. We collate this information from key industry sources, such as the DWP, HMRC and TPR.

In this 7 Days

TPR survey reveals DC schemes’ preparations for proposed guided retirement duty

TPR published its latest DC survey on 13 October 2025. It suggests that DC schemes are taking “positive action” towards enhancing at-retirement options for members ahead of the proposed guided retirement duty coming into force. In particular the survey found that:

  • all master trusts offer decumulation options at retirement but, across the rest of the market, 73% of DC schemes do not
  • 98% of large and medium DC schemes provide support to members with their retirement decisions, and
  • of those DC schemes which were aware of the proposed new guided retirement duty when surveyed, 51% have started reviewing their decumulation offering. This equates to 8% of all schemes.

However, TPR also notes that many small and micro schemes “are not currently doing enough to prepare”, leaving members “to navigate complex choices alone as they transition into retirement”. As such, TPR suggests that those DC schemes which are struggling to support savers with retirement decisions “should consider consolidation”.

PPF publishes blog on member engagement 

On 9 October 2025, the PPF published a blog on how it engages with its members to gather regular feedback to continually improve its services. Means of engagement include:

  • a twice-yearly “Member Forum” held in-person and online, providing a space where members can share feedback with senior members of the PPF
  • asking members at the end of calls with the contact centre if they’d like to take part in a survey about their online experience
  • arranging bespoke user research, and
  • the PPF’s annual newsletter, “Member Focus”.

TPT announces new DB consolidator model

TPT Retirement Solutions announced on 9 October 2025 that it intends to launch a new DB superfund, which has been “designed to support run-on”. Having secured enough capital to fund the first £1bn of transactions, it anticipates this will be sufficient to “support a number of deals subject to scale, regulatory approval and market conditions”.

A superfund is an occupational pension scheme set up for the purposes of consolidating DB schemes’ liabilities, where the link to the sponsoring employer is generally severed and the “covenant” replaced by a capital buffer provided through a mixture of external investment and cash injections from the transferring employer.

TPT’s superfund will need to be assessed by TPR, who are responsible for authorising and supervising such vehicles.