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
House of Lords agrees heavily amended mandation powers accepting final draft of bill
Phil Brown says the Pension Schemes Bill is not the end of the story
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 proposes ‘sunset’ clause to include time limit on the power
Amendment in lieu raised on the issue as ‘ping pong’ process continues