Amendment covers pension schemes seeking an exemption
Move could lead to redundancies across the business
Bill continues through parliamentary 'ping pong' process
Bill will return to Lords in usual ‘ping pong’ process until both houses reach an agreement
Government will not require DC schemes to invest more than 10% of total assets
Trustees expected to ‘breathe a sigh of relief’ at the House of Lords vote to remove the power
Commons overturns Lords amendment to increase cap to £5,000 from initial £2,000 proposal
Minister confirmed retirement CDC ‘will happen this year’
Responses to consultation on VfM framework for DC schemes
Unveils Lifetime Investment Plus and Lifetime Investment Extra funds