The 2025 Budget date has been announced: Wednesday November 26. As pensions seem to be considered low-hanging fruit for the Treasury, there are some changes that could be on the cards.

On September 1, 2025, a lengthy paper was published detailing over 200 proposed amendments to the Pension Schemes Bill. The changes are currently being considered at the committee stage where the line by line reading of the Bill began the following day and is due to conclude on October 23, 2025.

The Pensions Regulator published a regulatory intervention report, on August 26, 2025, on its involvement in the Edinburgh Woollen Mills Ltd Retirement Benefits Scheme, a DB pension scheme for the employees of Edinburgh Woollen Mills Ltd (EWM). EWM collapsed during the COVID-19 pandemic and administrators were appointed in November 2020.

In a recent determination, the Ombudsman rejected a scheme member’s claim that the trustees should have conducted due diligence on the receiving scheme before making a transfer in in 2014, as there was no duty of care on the trustees at the time of transfer.