Broadly, the Bill’s Royal Assent is not expected until mid-2026. Then Consultation starts on the proposed associated Regulations on which the government has to consult – which it must do in many cases. Finalised Regulations and Guidances are generally likely
More about Part 1 – Pension Schemes Bill timelineThe UK Government has taken a significant step with the introduction of the new Pension Schemes Bill towards making it easier for defined benefit (“DB“) pension scheme surpluses to be paid to employers. According to the Government’s consultation response in
More about Part 2 – Surplus reformsOn 5 June 2025, the UK Government published the Pension Schemes Bill, outlining significant reforms aimed at transforming the defined contribution (“DC“) pension scheme landscape. The Bill was accompanied by the Government’s final report on its Pension Investment Review and a DWP publication entitled “Workplace
More about Part 3 – Pension Schemes Bill – Defined contribution schemesOther Bill Changes Some other changes in the Bill not featured in the preceding parts of this Pensions Compass: Pensions Ombudsman and Recovery of Overpayments The Bill gives the PO power (like those of a competent court) to facilitate scheme
More about Part 4 – Pensions scheme bill: Other changes and missing legislationPARLIAMENT Effective Date Effect Bills (and Acts not yet in force) PENSION SCHEMES BILL Introduced in Parliament 5th June 2025 Includes new rules for surplus extraction for DB schemes; consolidation of DC small pots, value test for DC arrangements; large DC
More about Part 5 – Pensions ready reckoner July 2025Amidst early operational challenges and aims to create a regulatory system that is clear, consistent, and efficient, without compromising safety, the UK government announced significant reforms to the Building Safety Regulator (BSR) on 30 June 2025, aimed at accelerating housebuilding
More about Significant changes to building safety regulator announcedSellers are increasingly discerning, seeking not only strong valuations but also strategic alignment, cultural fit, and a smooth transaction process. To secure the deal, your offer must be compelling, credible, and carefully constructed. Take time to understand the seller’s priorities
More about How to make your offer irresistible when buying a tech businessEssentially TCC is a contract based on the JCT Design and Build Contract 2024 which provides for financial risk sharing between the contract parties on pain/gain principles. The sum to be paid under the main contract is the Target Cost
More about JCT target cost contract family launched as part of the 2024 editionFor entrepreneurs looking to preserve and grow wealth across generations, FICs offer a compelling alterative to trusts and traditional holding structures. What is a FIC? A FIC is a private limited or unlimited company structure used primarily for wealth management
More about Why should entrepreneurs consider a family investment company (fic)?This could be for a new job, wanting to be closer to extended family (and thus a support system), or it could simply be motivated by wanting to make a change. Any such move, depending on the distance, is likely
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