Since our last update, no further developments have occurred in relation to the impact on pension schemes as a result of the increase in the SPA but the pensions industry remains hopeful that overriding legislation will be prepared that provides clarity to members, trustees and employers. We would recommend that trustees and employers review their pension scheme documentation to establish if any issues arise with bridging pensions or integrated pensions as a result of the increase in the SPA and that discussions are commenced between trustees and employers to look at possible solutions.