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

ICO issues Capita £14m fine for data breach

On 15 October 2025, the ICO announced that it has fined Capita plc £8m and Capita Pension Solutions Limited £6m (a total of £14m) for “failing to ensure the security of personal data related to a breach in 2023”.

The ICO initially informed Capita of its “provisional intention” to fine it £45m. However having considered Capita’s representations and mitigating factors (including the improvements made after the attack, support offered to affected individuals and engagement with other regulators and the National Cyber Security Centre), the ICO and Capita agreed to a “voluntary settlement”.

Pensions UK report finds its members expect major change by the 2030s

Pensions UK published the findings from its latest report, 2030 Ready: The Industry Lens, on 13 October 2025. Drawing on insights from industry leaders and a Pensions UK member survey, the report examines the defining forces reshaping pensions — from adequacy and technology to investment, consolidation and regulation.

Pensions UK issues new “Made Simple” guides

Pensions UK published three new “Made Simple” guides on 14 October 2025:

  • Master trust to master trust transfers which aims to provide practical tips for trustees to consider when switching master trusts including legal and investment considerations and the impact on members and how to communicate with them
  • Artificial intelligence for UK pension schemes which aims to help pension organisations understand the fundamentals of AI, the pensions-specific opportunities and practical considerations for adopting AI, and
  • DB run-on which aims to look at the factors that schemes should consider when deciding to buy-out or run-on including member security, investment strategies, surplus and operational considerations.

MHCLG launches new LGPS consultation

On 13 October 2025, the MHCLG launched a new consultation with four proposals relating to the LGPS. The proposals relate to access to the scheme and its benefits and cover:

  • NMPA
  • pension access for mayors and councillors
  • academies in the LGPS, and
  • new Fair Deal.

A draft set of regulations for the proposals on pension access for mayors and councillors, as well as new Fair Deal, have also been published for comment. The consultation will close at 11:59pm on 22 December 2025.