In Episode 5, Season 6 of the Burges Salmon Pensions Pod, Chris Brown is joined by Ffion Hughes from Willis Towers Watson and Andy Prater from Burges Salmon to explore the challenges and opportunities facing small pension schemes. The discussion covers regulatory change, administration and member experience, data and benefit specification, and the evolving risk transfer market for schemes under £100 million. With practical insights for trustees, sponsors, and advisers, this episode highlights how smaller schemes can prepare for transactions, optimise member outcomes, and navigate a rapidly changing landscape.