A trial being developed by three master trusts to exchange small pots has ground to a halt before it even started, due to the new normal minimum pension age rules, and will only be able to advance if new legislation is introduced.

On the go: Pensions minister Guy Opperman has warned that public sector defined benefit schemes should be reformed, branding the system unsustainable.

On the go: The Information Commissioner’s Office is engaging with the Pensions Regulator to clarify the current rules involving member communications, as schemes and providers believe existing legislation prevents them from reaching out to these individuals.

Pensions Expert editor Maria Espadinha looks at Guy Opperman’s tenure as pensions minister, who will soon hold the accolade of the longest-serving MP in this role, surpassing Sir Steve Webb.

On the go: The Police Pension Scheme for Northern Ireland has breached its cost-control mechanism ceiling as a result of the McCloud remedy, according to data from the Government Actuary’s Department.

On the go: Work and Pensions Committee chair Stephen Timms has received a knighthood in the Queen’s birthday honours.

On the go: Defined benefit schemes sponsored by FTSE 100 companies have seen their surplus on an IAS 19 basis hit a record £100bn in mid-May, according to new analysis.

On the go: Charles Counsell will be stepping down as chief executive of the Pensions Regulator in 2023 as he will not be seeking a second term at the watchdog’s helm.

On the go: The British Steel Pension Scheme II has secured a second buy-in with Legal & General, insuring around 25 per cent of its liabilities.

On the go: The buy-in and buyout market is expected to have a “flurry of activity” over the next 12 months as defined benefit schemes look to accelerate their derisking plans, according to LCP.