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 report on data quality and updated member data quality guidance

On 18 November 2025, TPR published revised member data quality guidance following its market oversight report on data quality. The report found that while significant progress has been made to improve data quality in preparation for connection to the pensions dashboards ecosystem, some schemes still have “more to do” to get their member data in shape. In particular:

  • value data, which is used to calculate benefits, is often overlooked
  • improvement plans are “frequently informal or fragmented”, and
  • trustee engagement ranges from “proactive oversight to near-complete reliance on administrators”.

The updated guidance consolidates all data-related guidance, sets out “clearer expectations” and provides best practice examples to help schemes achieve better data management capability.

In addition, PDP has published a blog post on the importance of member data readiness for the success of dashboards, with commentary from TPR referring to its report and revised guidance.

PPF consultation on 2026/27 levy

On 17 November 2025, the PPF launched a consultation on its proposed approach to the 2026/27 levy. The consultation seeks views on its proposals to:

  • set a zero PPF levy for conventional schemes dependent on the passage of the levy measures in the Pension Schemes Bill
  • continue to charge a levy for Alternative Covenant Schemes (the ACS levy) with refinements, and
  • conduct a wider review of the ACS levy methodology to inform how it might need to adapt its approach further “to reflect market developments”.

The consultation closes at 5pm on 5 January 2026.

New guidance on changes affecting corporate trustees

Companies House has updated its guidance on the new mandatory identity verification requirements, which came into effect on 18 November 2025, as well as publishing guidance outlining its approach to non-compliance with the new requirements.

Changes to the PSC regime also took effect on 18 November 2025, with Companies House publishing guidance (and summary guidance) regarding these changes.

For more information, please see our hot topic.

PASA guidance on improving data quality

PASA published two new pieces of guidance on 19 November 2025:

  • The Six Data Quality Dimensions for Pension Scheme Member Data – this explores TPR’s six core data dimensions (accuracy, completeness, consistency, timeliness, uniqueness and validity) and “provides practical detail on how schemes can assess and improve the quality of member data across these areas”, and
  • a Data Improvement Plan (DIP) Template – this gives schemes a “structured framework” for planning, documenting and delivering data improvement activity. It is designed to be adapted to scheme-specific needs and “supports trustees, administrators and advisers in establishing clear and auditable data improvement processes”.

The publications are intended to give schemes “clarity, confidence and practical tools” to meet TPR’s expectations following the publication of its updated member data quality guidance.

PASA guidance on delivering effective digital transformation

On 23 November 2025, PASA published new guidance, the first in a new three-part series from its Digital Administration Working Group. The guidance provides a “practical direction” for schemes beginning or undertaking digital transformation. It outlines how schemes can establish the right frameworks, technologies and cultural mindset to “ensure successful and sustainable digital change”.

PDP blog on who can use pensions dashboards

PDP published a blog on 18 November 2025 setting out who will be able to use pensions dashboards, including  “practical reasons” that will limit some people’s ability to access dashboards, such as those who may have difficulties verifying their identity with the GOV.UK One Login service. The blog signposts where people can find information about their pensions using other existing channels such as contacting their pension providers and schemes, or through their annual statements.

Revaluation Order 2025 published

The annual Revaluation Order was laid before Parliament on 21 November 2025 and will come into force on 1 January 2026. It sets out the revaluation required in respect of a deferred member’s benefits (in excess of GMP) for deferred members who will reach normal pension age in 2026.