This edition includes:

• DB surplus: trustee decision-making and practical considerations

• Endgame strategies in a surplus environment: run-on, buy-out and consolidation

• Pension Schemes Act 2026: a new era for occupational pension schemes

• The Pensions Regulator's Pensions Dashboards update

• Value for Money: latest FCA proposals

• Small pots consolidation

• Good news expected for pension transfers

• Companies House reforms

• Key items to add to your trustee meeting agenda

• Industry news and regulatory updates

We hope you find this edition informative and useful as you prepare for upcoming trustee meetings and continue to navigate an evolving pensions landscape. As always, if you would like to discuss any of the topics covered, please do not hesitate to get in touch with a member of the Hughes Price Walker team.