House of Lords agrees heavily amended mandation powers accepting final draft of bill
Amendments will reduce or remove the impact of changes to salary sacrifice for most savers
Peer says legislation ‘not clearly thought through’
Reforms follow consultation on access and fairness in the Local Government Pension Scheme
Insurer will move HQ to US and be renamed as Transamerica
Measure will come into force from April 2029
Rethink does not guarantee that financial redress will be awarded
Chancellor has 'decided against' cutting pension lump-sum withdrawals
Telegraph reports PCLS cut could help plug £50bn public finances hole