The House of Lords has rejected the Government’s latest amendment to the Pension Scheme Bill by 234 votes to 152, despite Government attempts to water down the Bill.
The Pension Schemes Bill currently going through Parliament could allow ministers to force pension funds to invest in “high risk assets,” former Pensions Minister Baroness Ros Altmann has warned.
Pension schemes trade body Pensions UK has urged the Government to withdraw the planned mandate power - allowing it to direct how pension schemes invest UK workers’ retirement savings - from its Pension Schemes Bill.
Aberdeen Investments has joined a growing chorus of calls for investment trusts to be included in the Pension Schemes Bill.
A bid to include investment trusts in the Pension Schemes Bill has been met with resistance in the House of Lords debate on the Pension Schemes Bill.
The Pensions Management Institute (PMI) and the Society of Pension Professionals (SPP) have today issued a united call for improvements to the Pension Schemes Bill.
Andrew Bailey, governor of the Bank of England, has registered his opposition to Government plans to set asset allocation targets for pensions under its new Pension Schemes Bill.
The Pensions and Lifetime Savings Association (PLSA) said it supports the introduction of the Pension Schemes Bill.
Most workplace pension industry experts have welcomed the government's new Pension Schemes Bill, published today, which the DWP says will improve the pension savings of 20m workers.
The Department for Work and Pensions says 20m workers will benefit from the mammoth new Pension Schemes Bill which was laid before Parliament today.
The Treasury has revealed that the Government will have the ability to set investment allocation targets under its upcoming multi-employer master trust rules as it shared details of the Pension Schemes Bill.
