Several pension organisations have backed proposals to improve fairness and tackle inequality in the Local Government Pension Scheme (LGPS), although concerns around implementation and the administrative burden remain

The Pension Protection Fund (PPF) has confirmed that it has put the 2025/26 PPF levy invoicing on hold, leaving the door open for the PPF to move to a zero levy for conventional schemes for 2025/26

The Financial Conduct Authority (FCA) has announced that it is considering how to streamline and enhance its sustainability reporting framework for asset managers, life insurers and FCA-regulated pension providers, as it looks to ease "unnecessary" burdens

The Bank of England (BoE) has cut the base rate from 4.25 per cent to 4 per cent, although industry experts suggested this will only have a "modest" impact on defined benefit (DB) and defined contribution (DC) pension schemes

Activity in the pension risk transfer market is expected to be "much busier" in the second half of 2025, with momentum in all segments as multiple small, medium, and large schemes come to market, Just Group has said

Changing market conditions have accelerated interest in outsourced chief investment officer (OCIO) arrangements, Isio has said, with more large schemes now considering or implementing OCIO arrangements