Pension Schemes Bill

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

Broadstone says sponsors must be encouraged to see DB schemes as long-term assets

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

Lumera says consolidation in the DC sector likely to ‘accelerate’ once bill receives Royal Assent

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

Commons overturns salary sacrifice protections, TPR guidance on Virgin Media judgment, LifeSight to launch retirement CDC solution

Amendment will allow TPR to exempt schemes that prove they offer good value to members

House of Lords votes to remove mandation power from bill, TPR DC research, Standard Life results