
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.
Pensions minister Torsten Bell has announced changes to the “sequencing” of pension reforms to support the implementation of developments related to Value for Money, guided retirement, and superfunds.
The lifeboat fund for defined benefit pension schemes has begun contacting members with pre-97 benefits regarding inflation-linked uplifts that will begin in January.
Late last night, peers voted against amendments tabled by the House of Commons earlier in the evening that proposed further limitations on the mandation power, and repeated calls for the clause to be removed altogether.
Late last night, peers voted against amendments tabled by the House of Commons earlier in the evening that proposed further limitations on the mandation power, and repeated calls for the clause to be removed altogether.
UPDATE: The House of Lords has rejected the government’s latest efforts to limit the scope of the mandation clause, with one former pensions minister warning the whole Pension Schemes Bill could be at risk.
Members of the House of Lords have warned that the legislation backing the scale test is too restrictive and could stifle innovation among DC providers.
In a debate last night (20 April), peers voted to reject the government’s revised wording of the reserve power, despite attempts from Labour representatives to reassure opponents about the measures.
Comment & Opinion
Sackers: Kicking off the second half of a year of DC pension reform
By Helen Ball
Helen Ball, partner at Sackers, looks ahead to the next few months and what they could bring for different sections of the DC market as reform implementation kicks off.
Mandation and pension scheme investment: what does it mean for trustees?
By Gavin Ellison
Despite months of lobbying, an investment mandation clause still made it into the Pension Schemes Act. Gavin Ellison of law firm Womble Bond Dickinson looks at what the new law says and what it means for master trusts.
PPI: Beyond the Pension Schemes Act – now the real work starts
By Chris Curry
It seems like much of the pensions world has spent the last 12 months engaging with and discussing the Pension Schemes Bill, which has now received Royal Assent and become the Pension Schemes Act 2026.