House of Commons

Pension Schemes Bill, PRA takes action on insurers’ use of FundedRe, Opperman criticises PASA

The bill becomes the Pension Schemes Act and officially becomes law

Industry says trustees feeling ‘sense of legislative fatigue’

House of Lords urges Commons to ‘consider the matter again’; DWP minister says removing power 'not going to happen'

Amendment covers pension schemes seeking an exemption and will be voted on today

Industry says government must ‘start listening’ as the stand-off continues

Government said it has a ‘lack of confidence in Capita’s ability’

Government proposes ‘sunset’ clause to include time limit on the power

Amendment in lieu raised on the issue as ‘ping pong’ process continues

The bill will next return to the Commons for further consideration of amendments