Pensions snapshot - May 2025

This edition of snapshot looks at the latest legal developments in pensions.

The topics covered in this edition are:

  • Considerations for trustees in response to Trump's tariffs, whether relating to volatility in investment markets, potential impacts on employer covenant, and considerations for member communications;
  • The Mansion House Compact II and how it differs from the original Compact;
  • The latest announcement regarding Collective Defined Contribution schemes;
  • An update on pensions dashboards and considerations for sectionalised schemes;
  • The April 2025 Supreme Court case on the definition of "woman", and potential implications for pension schemes and the calculation of benefits;
  • A trustee-favourable Court decision on the availability of recission where a mistake as to the tax consequences of actions has been discovered; and
  • Short observations on the Pensions Regulator's speech at Professional Pensions Live and on expectations for DB surplus provisions in the Pension Schemes Bill.
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