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Lords debates Pension Schemes Bill

30 October 2019

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Due to the debate on the Early Parliamentary General Election Bill this debate will not take place today.

Members of the Lords, including a former governor of the Pensions Policy Institute and a former president of the Trades Union Congress, will discuss the key principles and purpose of the Pensions Schemes Bill during second reading, on Wednesday 30 October.

Baroness Stedman-Scott (Conservative), Parliamentary Under-Secretary in the Department for Work and Pensions, is expected to open the debate and respond on behalf of the government.

Pension Schemes Bill summary

This bill aims to:

  • establish a framework for setting up, operating and regulating collective money purchase schemes in the UK
  • confer new powers to the Pensions Regulator in order to respond earlier when employers put the viability of their pension schemes at risk
  • set up a system for pensions dashboards, a consumer-friendly digital interface to displays information about an individual's pensions savings.

Further information

Image: PA