The Regulator published a press release on December 9, 2025, highlighting its new guidance publication that consolidates all administration expectations for trustees, scheme managers and administrators and is designed to help them deliver high-quality services that safeguard member benefits and build trust in the pensions system.

Global law firm Norton Rose Fulbright has advised Redsky Homes on planning permission for a 51 unit residential scheme located in Slough, England.

The Regulator launched an initiative to explore the approach of DC and DB pension schemes to investing in growth assets on December 8, 2025.

The PPF has published the 20th edition of The Purple Book, which provides data and analysis of the UK DB pension landscape as at March 31, 2025.

On November 21, 2025, the High Court gave directions in 3i plc v Decesare [2025] regarding the correct interpretation of a fetter on the amendment power of an occupational pension scheme which prevented amendments that would "diminish any pension already being paid under the Plan or the accrued rights or interests of any Member or other person in respect of benefits already provided under the Plan".

A Pension Schemes Bill 2025 amendment paper was published on December 1, 2025, setting out extensive Government amendments and new clauses ahead of the Bill's report stage and third reading that took place on December 3, 2025. The Bill then moved to the House of Lords for consideration. The second reading in the House of Lords is scheduled for December 18, 2025.

The Pensions Administration Standards Association (PASA) has published a new industry paper, entitled The Data (Use and Access) Act 2025 Unpacked: Six key areas for pension schemes.

The Regulator has published a blog discussing its Pledge to Combat Pension Scams campaign and its support for the BBC's Scam Safe Week initiative.

The Chancellor delivered her Budget on November 26, 2025. As extensively trailed before the Budget speech, salary sacrifice contributions exempt from National Insurance Contributions (NICs) will be capped at £2,000 of salary per annum but this is not due to come into force before April 6, 2029. Several other pensions measures are included in the Budget document, entitled Strong Foundations, Secure Future.

The Sustainable Finance Disclosure Regulation (SFDR) was adopted in November 2019 and has applied since March 2021 as a core element of the EU’s sustainable finance framework.

2025 has been a mixed bag of a year for the private funds market.

Whilst IPO activity and secondary fundraisings remain very subdued, the past year has seen considerable corporate activity within the sector.

The Patent Appeal Board (the Board) recently published a Commissioner of Patents’ decision (Commissioner’s decision) determining that a software patent was invalid for claiming unpatentable subject matter.

The CFTC Division of Market Oversight issued No-Action Letter No. 25-43 responding to a request from the ISDA which sought relief from certain error correction requirements under CFTC Regulations 43.3(e) and 45.14(a)

The UK opt-out collective actions regime for antitrust damages claims is under review. The UK government conducted a call for evidence regarding the efficacy of the opt-out collective actions regime between August and October 2025 and is considering responses received. The government has made known that responses to its call for evidence will inform proposals for specific changes to the regime, expected to be subject to consultation in 2026.

Global law firm Norton Rose Fulbright advised Arthur J. Gallagher & Co. (Gallagher) on its acquisition of First Actuarial.

Safe Work Australia (SWA) has published amendments to the model Work Health and Safety (WHS) Act and Regulations which expand incident notification requirements, update licensing arrangements for crane operations and align regulations with current practices.

Partner Alesha Dominique has been recognized by the Los Angeles Business Journal.

Technology evolves rapidly, and artificial intelligence governance is evolving faster than ever—at times, on a daily basis.