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

Call for evidence on Pension Schemes Bill

The Public Bill Committee published a call for evidence on the Pension Schemes Bill on 8 July 2025. Anyone with relevant expertise and experience or a “special interest” in the Bill is invited to submit written evidence “as soon as possible”.

PPF publishes 2024/25 Annual Report

On 10 July 2025, the PPF published its 2024/25 Annual Report and Accounts. It shows that at the end of March 2025 its reserves grew from £13.2bn in 2024 to £14.1bn, and it had assets of £31.2bn compared to £17bn of liabilities.

MoneyHelper dashboard developments

On 9 July 2025, PDP published an update on the non-commercial MoneyHelper dashboard. “Over 20 million pension records” and the state pension have now connected to the dashboards ecosystem.

On the same day, PDP also released its approach to consumer testing of the MoneyHelper dashboard. The approach will “evolve” as PDP learns from consumers’ experience of viewing pensions data on a dashboard for the first time. MaPS will work closely with the industry on the testing process, starting with limited “industry expert testing”, before moving onto small scale consumer testing (phase 1) and then larger scale consumer testing (phase 2). The publication explains the approach to each phase, including how participants will be selected.

PDP also confirmed that the DWP is “committed” to providing the industry with six months’ notice before the MoneyHelper dashboard is made publicly available.

PASA updates data matching guidance

PASA published its updated Data Matching Convention (DMC) Guidance on 9 July 2025 to support schemes with their dashboard preparations. The updated guidance builds on industry experience and regulatory developments since the original guidance was published.

It sets out a detailed roadmap for setting “robust matching criteria”, best practice criteria for both successful and possible matches, an outline of the use of unique identifiers, and explores how data matching performance should be monitored and improved.

PASA publishes new De-risking Jargon Buster

On 14 July 2025, PASA published its new De-risking Jargon Buster. The document provides “accessible, clear explanations” of commonly used terms in de-risking and options, including liability management exercises, buy-ins, buy-outs, capital-backed journey plans, and longevity swaps. It is the first in a series of “myth busting” updates expected in the coming months, aiming to share thoughts on best practice to improve knowledge in this “complex area” of pension scheme administration.