Amendments to the Pension Schemes Bill passed by peers in the House of Lords last night will see a wide-ranging suite of reforms for the pensions industry draw another step closer.
The much-anticipated changes to The Pension Regulator's (TPR) powers, pensions dashboard regulation, new-style collective defined contributions, and climate change initiatives have been well-trailed over the past three years. But Lane Clark & Peacock partner Steve Webb has said the government will now face "difficult decisions" after there were also four defeats in votes last night. Two of the defeats were on the provisions for a pensions dashboard, while one related to CDC pensions, and another on defined benefit scheme regulation. Webb said: "It is unusual for the government to b...
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