Clifford Chance

UK Pensions Update: September 2025

4 September 2025

Welcome to the September 2025 edition of the UK Pensions Update: 5 in 5

Welcome to our newsletter: "UK Pensions Update: 5 in 5" where we deliver to you what you really need to know about the 5 key developments in UK pensions that have occurred in the last quarter – digestible within 5 minutes!

In this edition, we cover:

1. The progress of the Pension Schemes Bill as it makes its way through Parliament;
2. HMRC's response to the pensions IHT consultation;
3. HMRC's new Brief on VAT recovery for DB pension fund management costs;
4. Solvency-triggered termination rights clauses; and
5. The Data (Use and Access) Act 2025. 

View the newsletter here.

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