Lords debates Pension Schemes Bill
30 October 2019
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.
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