Both the House of Commons and the House of Lords have agreed on the text of the Pension Schemes Bill. The Bill received Royal Assent on 27 April 2017 becoming an Act of Parliament (law).
The Pension Schemes Bill 2016-2017
Summary of the Bill
The Pension Schemes Bill aims to:
- protect savers and maintain confidence in pension savings.
- ensure that those saving into a Master Trust scheme, a form of multi-employer occupational pension scheme which employers are able to select for their workers rather than needing to set up their own pension scheme, are protected.
- amend existing legislation to support the Government’s intention to cap early exit charges and ban member-borne commission charges in certain occupational pensions schemes.
Keep up to date with all the proceedings and documentation, including amendment papers, on the Pension Schemes Bill and find out how a Bill becomes an Act of Parliament.
Pension Schemes Bill: Commons stages
The Pension Schemes Bill received Royal Assent on 27 April 2017 becoming an Act of Parliament (law).
Report Stage and Third Reading
Wednesday 29 March
The Pension Schemes Bill passed with Report stage and Third Reading with amendments on Wednesday 29 March and returned to the House of Lords for further scrutiny. The House of Lords agreed to the Commons amendments and the Bill received Royal Assent on 27 April 2017.
Wednesday 22 March
The Report stage and Third Reading of the Bill were originally scheduled to take place on Wednesday 22 March. The debate was suspended at 2.44pm because of the security incident at Westminster.
Public Bill Committee
Committee stage is where detailed examination of the Bill takes place. Most Committees are able to take evidence from experts and interest groups from outside Parliament.
The Pensions Schemes Bill Committee last met on Tuesday 7 February 2017.
Find out more about the Public Bill Committee:
MPs debated the main principles of the Pension Schemes Bill at its Second Reading debate on 30 January 2017. The Bill passed its Second Reading without a division.
House of Commons Library analysis
The House of Commons Library produces briefing papers to inform MPs and their staff of key issues. The papers contain factual information and a range of opinions on each subject, and aim to be politically impartial.
The Library published a briefing paper for Second Reading.
Watching proceedings from the public gallery
UK residents and overseas visitors can watch proceedings in the House of Commons by visiting the public gallery.
Follow @HouseofCommons on Twitter for updates on the UK House of Commons Chamber.
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