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27 February 2026

UK Pensions: What's New This Week? February 23, 2026

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A&O Shearman

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Welcome to your weekly update from the A&O Shearman Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions.
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Welcome to your weekly update from the A&O Shearman Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions.

Summary

ICO guidance on new complaints process—data controllers get practical advice on complying with the new requirements.

Dashboards accessibility—PDP blog post on ensuring dashboards will suit those with accessibility needs.

TPR determination notice—an insight into when TPR will use its powers.

Plus: Pensions Academy Online—dates, topics, and a link to register for our upcoming webinars.

Finalised ICO guidance on new data complaints requirements

The Information Commissioner's Office (ICO) has published guidance for data controllers on implementing a data protection-related complaints process under new requirements, which will come into force on June 19, 2026. The guidance gives practical advice on how data controllers can comply with the new requirements, including: how to identify a relevant complaint; ways in which you can enable people to make complaints; how to communicate with individuals; suggestions for a complaints procedure; and guidance on acknowledging, investigating and responding to complaints.

Read the guidance.

PDP: Blog post on dashboards accessibility

The Pensions Dashboards Programme (PDP) has published a blog post setting out the steps that are being taken to ensure that pensions dashboards are accessible to as wide a variety of users as possible, including people with disabilities or low digital skills and those who use assistive technologies. These steps include design adaptations, consideration of the identity verification process, and user testing including individuals with accessibility needs.

Read the blog post.

TPR exercises power to vest scheme assets in new trustee

The Pensions Regulator (TPR) has published a determination notice setting out its decision to make an order under section 9 of the Pensions Act 1995 to vest the assets of the Vedius Pension Trust (the Scheme) in an independent trustee. This gives an insight into TPR's reasoning when exercising its powers in relation to non-compliant schemes.

TPR had previously exercised its power to appoint the independent trustee after it was identified that the Scheme did not have the required number of trustee directors. There were also concerns that there was no trustee with the required trustee knowledge and understanding who could act without a conflict of interest. There was uncertainty over whether the Scheme's assets had vested in the independent trustee; the independent trustee has since encountered difficulties trying to identify and secure the transfer of Scheme assets into its control. It therefore asked TPR to intervene. The Case Panel concluded that, in these circumstances, it was cost effective and appropriate to make an order vesting the assets in the independent trustee.

Read the determination notice.

Pensions academy online: Tuesday, March 3 and Thursday, March 5, 2026

Our next Pensions Academy Online sessions will take place on Tuesday, March 3 and Thursday, March 5, 2026. Each webinar begins at 9:30am and will last approximately one hour. We will be covering:

Unlocking the next generation of DB endgame strategies—Tuesday, March 3, 2026

The DB endgame conversation is accelerating, with government and TPR pushing schemes to rethink their long-term destination. But what does this shift really mean in practice? Join us for a practical, insightful session exploring the full spectrum of endgame options—from buy-out and winding up to emerging, innovative approaches. We'll share real world lessons, including from our experience of advising on the recent, ground-breaking Stagecoach de-risking transaction, to help you navigate what's possible and what's coming next for your scheme.

Legal update—Thursday, March 5, 2026

The pensions agenda for 2026 is jam-packed with change. Join us for a clear, practical walkthrough of the latest developments and what's coming down the track, so you can quickly get to grips with what your scheme needs to focus on to stay compliant, well governed, and ahead of the curve.

If you would like to attend, please register here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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