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Clifford Chance
Briefings

Briefings

UK PENSIONS UPDATE: 5 in 5

10 December 2025

Welcome to the December 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. Budget-related developments and the Pension Schemes Bill
  2. PPF publishes consultation on 2026/27 levy
  3. High Court hands down judgment in Spirit case
  4. Collective defined contribution developments
  5. Regulator consults on new enforcement strategy
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