04 September 2025
5 min
Please see excerpts below from this month's Current Issues. Click here to read the full publication.
The Department for Work and Pensions (DWP) has called for evidence as part of a third statutory review of the
State Pension Age (SPA). The call for evidence seeks input on the framework the government should use to
determine SPA arrangements for future decades.
Dr Suzy Morrissey, appointed by the Secretary of State to lead the independent review, will assess:
The Pension Protection Fund (PPF) has announced that it's putting levy invoicing on hold for the current,
2025/26 levy year until it sees how the Pension Schemes Bill progresses.
The Pensions Regulator and the Fraud Compensation Fund (FCF) have announced that £81.5 million compensation has been paid to 58 pension schemes in respect of over 2,000 members were victims of fraud.
The Pensions Regulator has published a blog emphasising that the identification and management of systemic
risks, where financially material, are integral to trustees’ fiduciary duties.
The government made amendments to a clause in its Employment Rights Bill that aims to constrain the use of 'fire and re-hire' as a method of achieving contractual variations. As a result of the amendments, the dismissal of an employee will be considered automatically unfair if it’s done to make a 'restricted variation' to the employment contract. The list of restricted variations includes 'a variation of any term or condition relating to pensions or pension schemes'.
Click below to read the full September issue. If you have any questions or would like to discuss further, please get in touch.
This communication has been compiled by Hymans Robertson LLP® (HR) as a general information summary and is based on its understanding of events as at the date of publication, which may be subject to change. It is not to be relied upon for investment or financial decisions and is not a substitute for professional advice (including for legal, investment or tax advice) on specific circumstances. HR accepts no liability for errors or omissions or reliance on any statement or opinion. Where we have relied upon data provided by third parties, reasonable care has been taken to assess its accuracy however we provide no guarantee and accept no liability in respect of any errors made by any third party.
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