
Catch up with all the latest news, comment and analysis from Pensions Expert related to the Pension Schemes Bill 2025 as it passes through parliament.
Trustees do not need to wait for the Pension Schemes Bill to become law before instructing actuaries to begin work on section 37 remediation, the regulator has said.
Trade body Pensions UK has welcomed the vote as “a win for savers”, as members of the House of Lords voted in favour of significant changes to the bill.
Proposed amendments to the Pension Schemes Bill allow for the government to issue guidance in relation to schemes’ investment principles and fiduciary duty.
The landmark legislation begins its report stage this week, with peers still debating more than 180 amendments to the Pension Schemes Bill. Pensions Expert explores what is up for discussion over the next two weeks.
Narrowing the mandation clause may not be enough to solve potential trust issues, according to the Association of British Insurers.
Torsten Bell says the Pension Schemes Bill will be amended to ensure that the mandation clause only relates to the Mansion House Accord and cannot be used for other purposes.
The Department for Work and Pensions has set out how it expects master trusts and other DC providers to hit the £25bn scale requirement set out in the Pension Schemes Bill.
“Now is the time to drop the reserve mandation power” from the Pension Schemes Bill, the industry trade body says, as the legislation reaches its final stages.
The Pensions Regulator (TPR) has urged trustees to rethink default pension design, warning that contribution patterns are more irregular than many schemes assume.
Comment & Opinion
The Friday Takeaway: Preparing for parliamentary pension ping pong
By Nick Reeve
Pensions Expert editor Nick Reeve wonders whether the Pension Schemes Bill’s Royal Assent is close or whether it might be subjected to some legislative ‘whiff-whaff’.
Pensions UK: Mandation, markets and the future of pensions
By Phil Brown
Pensions UK’s new defined contribution policy chief Phil Brown looks back at the trade body’s investment conference earlier this month and the key themes and talking points that emerged.
The Friday Takeaway: Time to focus on the real bill battle
By Nick Reeve
Having observed first-hand the strength of feeling among members of the House of Lords about the Pension Schemes Bill, Pensions Expert editor Nick Reeve thinks it’s time to shift attention to another aspect of the legislation.
Letter to the editor: Losing trust when the Pension Schemes Bill comes due
By Alex Denny
As the Pension Schemes Bill continues its journey through parliament, Alex Denny, a non-executive director of the Association of Investment Companies, explains why it is important to ensure investment trusts are included when considering UK private markets allocations.