mandation

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

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

The Lords will now consider amendments made to the bill by the House of Commons

Bill will return to Lords in usual ‘ping pong’ process until both houses reach an agreement

The Commons will consider amendments made to the bill by the House of Lords

Government will not require DC schemes to invest more than 10% of total assets

Move follows Lords vote to remove reserve investment power from Pension Schemes Bill