Virgin Media amendments to the Pension Schemes Bill announced

Following its promise in June 2025 to legislate to relieve pension schemes from the effects of the Virgin Media decision, the government has today tabled a series of amendments to the Pension Schemes Bill ahead of its committee stage this week, including measures to allow pension schemes to give affected schemes the ability to retrospectively obtain written actuarial confirmation that historic benefit changes met the necessary standards. Initial industry reaction to the amendments has been positive.

The proposed amendments can be read here: the relevant amendments begin at page 67.