UK Pensions Action Plan Q1 2025

The Action Plan Q1 2025 is a summary of changes and proposals in UK pensions law and regulation over the last quarter, which employers and trustees need to respond to now or in the coming months. It also includes details of things to look out for.

Topics addressed in this edition include:

• A reminder to review your pensions dashboards project as “connect by” dates draw near.
• The need to review the due by date for your first own-risk assessment.
• The need to review ESG and stewardship.
• The need to prepare for an increase in the minimum pension age.
• New regulations following the removal of the lifetime allowance.
• The new defined benefit funding regime.
• New value for money requirements for defined contribution schemes.
• The government's pensions review and other proposals.

To receive your copy of the Action Plan, please ask your usual Osborne Clarke contact.