Amendment covers pension schemes seeking an exemption
Move could lead to redundancies across the business
Bill continues through parliamentary 'ping pong' process
Pensions industry ‘well off the pace’ on vulnerability
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