
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.
Torsten Bell has indicated that the government will legislate to bring fiduciary duty onto a firm statutory base, in a move that could negate the need for the Pension Schemes Bill’s controversial mandation power.
Pensions Expert selects key topics, quotes and themes from the third reading of the Pension Schemes Bill, which took place yesterday (3 December) in parliament.
More amendments have been put forward by government ministers and other MPs ahead of the bill returning to parliament tomorrow (3 December).
Speaking at the Pensions Expert Annual Conference on 26 November, TPR’s Nausicaa Delfas said the UK’s pensions system was “unfinished business”, with approximately 14.6 million people under-saving for retirement.
MPs will discuss the bill again at the start of December before it progresses to the House of Lords, with 36 amendments tabled and yet to be considered.
The lifeboat fund has set out plans to charge a zero levy for the 2026-27 financial year, with fallback options if the Pension Schemes Bill has not passed into law in time to facilitate the zero charge.
Data highlighted by the Society of Pension Professionals shows that the government’s central estimate for capital released from DB surpluses is less than 10% of the £160bn it cited at the launch of the Pension Schemes Bill.
Representatives of retired former Hewlett-Packard, BP, and American Express workers appeared before the Work and Pensions Committee this week to put the case forward for changes to the bill related to the indexation of DB pensions.
Pension scheme trustees and providers can play pivotal roles in a pension industry driven by a vocational need to do its best by savers, according to the pensions minister.
Comment & Opinion
Securing our future: Climate risk and the Pension Schemes Bill
By Manuela Perteghella
Liberal Democrat MP Manuela Perteghella explains why her party is lobbying to include climate-related investment restrictions in the Pension Schemes Bill, as MPs debate the legislation in its third reading.
Superfunds stepping into the spotlight through Pension Schemes Bill
By David Potts
The Society of Pension Professionals’ David Potts looks into the proposed superfund legislation contained within the Pension Schemes Bill and key considerations for employers, providers, and policymakers.
Data shows UK businesses are poised to put pension scheme surpluses to work
By Amy Mankelow
Measures in the Pension Schemes Bill are designed to make it easier for trustees to release surplus assets from overfunded defined benefit pension schemes. Brightwell’s Amy Mankelow explores data showing that sponsoring companies are keen to put this money to work.
ABI: Supporting the ‘Pay Your Pension Some Attention’ campaign
By Emily-Mae Collins
It’s Pensions Awareness Week, and Emily-Mae Collins of the Association of British Insurers outlines the many positive intiatives that will help consumers pay their pension some attention.