Pensions

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

Entered administration in 2022

Government will not require DC schemes to invest more than 10% of total assets

Up from 110,000 the previous year

Trustees expected to ‘breathe a sigh of relief’ at the House of Lords vote to remove the power

FSCS to give further update on investigation shortly

Amendments will reduce or remove the impact of changes to salary sacrifice for most savers

Minister confirmed retirement CDC ‘will happen this year’

Administration expected to conclude in 2027

Growing number of master trusts and DB schemes offering restricted advice