DWP is implementing climate reporting and governance requirements for pension schemes under the Pension Schemes Act 2021, requiring trustees to disclose climate-related risks and align investments with net zero. The policy addresses member expectations and historic communications regarding climate considerations in pension fund management. Implementation is ongoing with guidance and regulatory clarification in development.
Returned from the Commons 20:30:00 The Bill was returned from the Commons with amendments.
Commons Amendments 20:30:00 Motion A Moved by Baroness Sherlock: That this House do not insist on its Amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88, and do agree with the Commons in their …
Consideration of Lords message Mr Speaker: I inform the House that the Government have tabled a new motion in relation to the Lords message and have withdrawn the motion that they tabled this morning. The new amendment paper is available …
Returned from the Commons 23:08:00 The Bill was returned from the Commons with amendments.
Commons Amendments 23:08:00 Motion A Moved by Baroness Sherlock: That this House do not insist on its Amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88, and do agree with the Commons in their …
Consideration of Lords message Madam Deputy Speaker (Ms Nusrat Ghani): Financial privilege is not engaged by any of the items in the Lords message relating to the Bill. Clause 40 Certain schemes providing money purchase benefits: scale and asset allocation …
Commons Amendments 18:32:00 Motion Moved by Baroness Sherlock: That the Commons amendments now be considered forthwith. Motion agreed. Motion A Moved by Baroness Sherlock: That this House do not insist on its Amendments 15 to 24, 27, 30 to 34, …
Consideration of Lords message Clause 40 Certain schemes providing money purchase benefits: scale and asset allocation 14:13:00 The Parliamentary Under-Secretary of State for Work and Pensions (Torsten Bell): I beg to move, That this House insists on its disagreement with …
Commons Reasons and Amendments 18:36:00 Motion A Moved by Lord Katz: That this House do not insist on its Amendment 1, to which the Commons have disagreed for their Reason 1A. 1A: Because the Commons consider that it is not …
Returned from the Commons The Bill was returned from the Commons with reasons and amendments.
Consideration of Lords amendments Madam Deputy Speaker (Judith Cummins): I inform the House that Lords amendments 68 to 76, 78, 80, 84 and 86 engage the Commons’ financial privilege. If any of these Lords amendments are agreed to, I will …
Third Reading Scottish, Welsh and Northern Ireland l egislative c onsent granted. Relevant documents: 42nd and 47th Reports from the Delegated Powers Committee. 12:29:00 Captain of the Honourable Corps of Gentlemen-at-Arms and Chief Whip (Lord Kennedy of Southwark) (Lab Co-op): …
Report (3rd Day) Scottish, Welsh and Northern Ireland l egislative c onsent granted. Relevant documents: 42nd and 47th reports of the Delegated Powers Committee . 15:38:00 Amendment 120 Moved by 120: After Clause 96, insert the following new Clause— “Report …
Report (2nd Day) Scottish, Welsh and Northern Ireland l egislative c onsent granted. Relevant documents: 42nd and 47th reports from the Delegated Powers Committee . 12:09:00 Clause 12: Publication etc of metric data Amendment 27 not moved. Clause 14: Member …
Report (1st Day) Scottish, Welsh and Northern Ireland l egislative c onsent granted. Relevant documents: 42nd and 47th R eports from the Delegated Powers and Regulatory Reform Committee. 15:39:00 Clause 1: Asset pool companies Amendment 1 Moved by 1: Clause …
Report (1st Day) (Continued) 19:42:00 Clause 10: Restrictions on exercise of power to pay surplus Amendment 14 Moved by 14: Clause 10, page 11, line 12, insert— “(2AA) Without prejudice to the generality of subsection (2A), regulations made under that …
Order of Consideration Motion 11:50:00 Moved by Baroness Sherlock: That the amendments for the Report stage be marshalled and considered in the following order: Clauses 1 to 118, the Schedule, Clauses 119 to 123, Title. Motion agreed.
Committee (8th Day) Welsh Legislative Consent sought, Scottish and Northern Ireland Legislative Consent granted . Relevant document s : 42nd and 47th R eports from the Delegated Powers Committee 15:45:00 Amendment 207 Moved by 207: After Clause 117, insert the …
Committee (7th Day) Welsh legislative consent sought, Scottish and Northern Ireland legislative consent granted. Relevant documents: 42nd Report from the Delegated Powers Committee , 17th Report from the Constitution Committee. 13:00:00 Amendment 184 Moved by 184: After Clause 96, insert …
Committee (6th Day) Welsh legislative consent sought, Scottish and Northern Ireland legislative consent granted. Relevant documents: 42nd Report from the Delegated Powers Committee , 17th Report from the Constitution Committee. 15:48:00 Clause 40: Certain schemes providing money purchase benefits: scale …
Committee (5th Day) Welsh legislative consent sought, Scottish and Northern Ireland legislative consent granted. Relevant document: 42nd Report of the Delegated Powers and Regulatory Reform Committee . 15:45:00 Clause 40: Certain schemes providing money purchase benefits: scale and asset allocation …
Committee (4th Day) Welsh legislative consent sought, Scottish and Northern Irish legislative consent granted. 13:01:00 The Deputy Chairman of Committees (Baroness McIntosh of Hudnall) (Lab): My Lords, the noble Baroness, Lady Bennett of Manor Castle, who has tabled the lead …
Committee (3rd Day) 15:45:00 Northern Ireland and Welsh legislative consent sought, Scottish legislative consent granted. Relevant document: 42nd Report from the Delegated Powers and Regulatory Reform Committee The Deputy Chairman of Committees (Baroness Scott of Needham Market) (LD): Before I …
Committee (2nd Day) Northern Ireland and Welsh l egislative c onsent sought, Scottish l egislative c onsent granted. 16:27:00 Clause 6: Mergers of funds Debate on whether Clause 6 should stand part of the Bill. Member’s explanatory statement This amendment …
Committee (1st Day) Northern Ireland and Welsh l egislative c onsent sought, Scottish l egislative c onsent granted . 15:45:00 Amendment 1 Moved by 1: Before Clause 1, insert the following new Clause— “Purpose of the Act(1) The purpose of …
These Regulations amend the Pension Schemes Act 2021 (c. 1) (“the 2021 Act”) in order to remove the exclusion of pension schemes used, or intended to be used, by two or more employers some or all of which are not …
Second Reading 13:14:00 Moved by Baroness Sherlock: Northern Ireland and Welsh legislative consent sought. Relevant document: 42nd Report from the Delegated Powers and Regulatory Reform Committee The Minister of State, Department for Work and Pensions (Baroness Sherlock) (Lab): My Lords, …
First Reading 10:15:00 The Bill was brought from the Commons, read a first time and ordered to be printed.
Consideration of Bill, as amended in the Public Bill Committee New Clause 30 Funding of the Ombudsman for the Board of the Pension Protection Fund “(1) In the Pension Schemes Act 1993, in section 175(1) (general levy)— (a) omit the …
Regulation 2 amends the Occupational and Personal Pension Schemes (Consultation by Employers) Regulations (Northern Ireland) 2006 to correct a minor drafting error in regulation 10 made by the Occupational Pension Schemes (Collective Money Purchase Schemes) (Modifications and Consequential and Misce
These Regulations make miscellaneous amendments to statutory instruments, correcting errors in amendments made by the Occupational Pension Schemes (Collective Money Purchase Schemes) (Modifications and Consequential Amendments) Regulations 2022 (S.I. 2022/337). They also amend the Occupational and P
These Regulations make miscellaneous amendments to statutory instruments, correcting errors in amendments made by the Occupational Pension Schemes (Collective Money Purchase Schemes) (Modifications and Consequential Amendments) Regulations 2022 (S.I. 2022/337). They also amend the Occupational and P
Second Reading [ Relevant d ocuments: Oral evidence taken before the Work and Pensions Committee on 14 May, on Investment in the UK economy and Pension Schemes Bill, HC 897 ; W ritten evidence to the Work and Pensions Committee, …
These Regulations amend the Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations (Northern Ireland) 2024 (“the Collective Money Purchase Regulations”).
This Order brings into operation section 129(a) of, and Part 1 of Schedule 11 to, the Pension Schemes Act 2021 (“the 2021 Act”), in so far as they are not already in operation, on 6th April 2024. It also contains …
These Regulations make provision relating to the funding of occupational pension schemes to which Part IV of the Pensions (Northern Ireland) Order 2005 (“the 2005 Order”) (scheme funding) applies. They implement the amendments to that Part made by Schedule 11 …
These Regulations make provision relating to the funding of occupational pension schemes to which Part 3 of the Pensions Act 2004 (c. 35) (scheme funding) applies. They implement the amendments to that Part made by Schedule 10 to the Pension …
These Regulations bring into force provisions of the Pension Schemes Act 2021 (c. 1) (“the 2021 Act”). They are the eighth commencement regulations to be made under the 2021 Act.
These Regulations bring into force provisions of the Pension Schemes Act 2021 (c. 1) (“the 2021 Act”). They are the eighth commencement regulations to be made under the 2021 Act.
These Regulations amend the Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022 (S.I. 2022/255) (the “CMP Regulations”).
These Regulations revoke and re-enact the Occupational Pension Schemes (Collective Money Purchase Schemes) (No. 2) Regulations (Northern Ireland) 2023 (“the Collective Money Purchase Schemes Regulations”) which would otherwise cease to have effect by virtue of section 112(3)(b) of the Pensions …
These Regulations revoke and re-enact the Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations (Northern Ireland) 2023 (“the Collective Money Purchase Schemes Regulations”) which would otherwise cease to have effect by virtue of section 112(3)(b) of the Pensions (No. 2) …
These Regulations revoke and re-enact the Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations (Northern Ireland) 2022 (“the Collective Money Purchase Schemes Regulations”) which would otherwise cease to have effect by virtue of section 112(3)(b) of the Pensions (No. 2) …
Article 2 of this Order amends Schedule 3 to the Pensions Act 2004 to enable the Pensions Regulator to disclose restricted information to the Money and Pensions Service (“MaPS”) to facilitate the exercise by MaPS of certain functions. These are …
Article 2 of this Order amends Schedule 3 to the Pensions Act 2004 to enable the Pensions Regulator to disclose restricted information to the Money and Pensions Service (“MaPS”) to facilitate the exercise by MaPS of certain functions. These are …
This Order brings into operation section 120 of, and Schedule 9 to, the Pension Schemes Act 2021, in so far as they are not already in operation, on 31st October 2022.
These Regulations bring into force provisions of the Pension Schemes Act 2021 (c. 1) (“the Act”). They are the seventh commencement regulations to be made under the Act.
These Regulations bring into force provisions of the Pension Schemes Act 2021 (c. 1) (“the Act”). They are the seventh commencement regulations to be made under the Act.
This Order brings into operation certain provisions of the Pension Schemes Act 2021 (“the Act”). The Order also contains a transitional provision in relation to section 54 of the Act (qualifying schemes).
These Regulation make consequential and miscellaneous amendments in relation to schemes and sections of schemes providing collective money purchase benefits (“collective money purchase schemes”).
These Regulations implement the new authorisation and supervisory regime for collective money purchase schemes under Part 2 of the Pension Schemes Act 2021 (“the 2021 Act”). They also make provision for amendments to subordinate legislation in relation to schemes providing …
These Regulations bring into force provisions in Parts 1, 3 and 5 of the Pension Schemes Act 2021 (c. 1) (“the Act”). They are the sixth commencement regulations to be made under the Act. These Regulations also contain a transitional …
This Order provides for the coming into operation of certain provisions in Part 2 of the Pension Schemes Act 2021 (“the 2021 Act”). Part 2 of the 2021 Act provides the legislative framework to enable the establishment and operation of …
These Regulations implement the new authorisation and supervisory regime for collective money purchase schemes under Part 1 of the Pension Schemes Act 2021 (c. 1) (“the Act”). They also make provision for amendments to secondary legislation in relation to schemes …
These Regulations implement the new authorisation and supervisory regime for collective money purchase schemes under Part 1 of the Pension Schemes Act 2021 (c. 1) (“the Act”). They also make provision for amendments to secondary legislation in relation to schemes …
These Regulations bring into force provisions in Part 1 of the Pension Schemes Act 2021 (c. 1) (“the Act”). They are the fifth commencement regulations to be made under the Act. Part 1 of the Act provides the legislative framework …
These Regulations bring into force provisions of the Pension Schemes Act 2021 (c. 1) (“the Act”). They are the third commencement regulations to be made under the Act. These Regulations also contain transitional and saving provisions in relation to certain …
This Order brings into operation paragraph 13 of Schedule 11 to the Pension Schemes Act 2021 (“the 2021 Act”) (and section 129(b) in so far as it relates to paragraph 13) for all remaining purposes on 30th November 2021.
These Regulations bring into force section 125 (exercise of right to cash equivalent) of the Pension Schemes Act 2021 (c. 1) (“the Act”) for all remaining purposes on 30th November 2021.
These Regulations implement the information gathering powers for the Pensions Regulator under Part 3 of the Pension Schemes Act 2021, expanding TPR's ability to compel interviews and inspect premises.
This Order provides for the coming into operation of certain provisions of the Pension Schemes Act 2021 (“the Act”). This Order also contains transitional and saving provisions in relation to the provisions of the Act being brought into operation by …
These Regulations prescribe matters about which trustees of certain occupational pension schemes are required to have knowledge and understanding and make amendments to the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014 (“the 2014 Regulation
This Order provides for the coming into operation of certain provisions of the Pension Schemes Act 2021 (“the Act”) in accordance with Article 2.
These Regulations bring into force provisions of the Pension Schemes Act 2021 relating to TPR's new powers including contribution notices, information gathering, criminal offences and financial penalties from 1 October 2021.
These Regulations prescribe matters about which trustees of certain occupational pension schemes are required to have knowledge and understanding and make amendments to the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734) (“the Disclosure Regula
The Pension Schemes Act 2021 received Royal Assent on 11 February 2021; Part 3 of the Act relates to new powers for The Pensions Regulator, including contribution notices, information gathering, and new criminal offences.
A Bill to make provision about pension schemes Originated in the Lords.
Commons Amendments 13:32:00 Relevant Documents: 4th, 7th, 8th and 16th R eports from the Delegated Powers Committee Motion on Amendment 1 Moved by Baroness Stedman-Scott: That this House do agree with the Commons in their Amendment 1. 1: Clause 27, …
Returned from the Commons The bill was returned from the Commons agreed to with amendments. It was ordered that the Commons amendments be printed. (HL Bill 152) House adjourned at 6.23 pm.
A Bill to make provision about pension schemes Originated in the Lords.
A Bill to make provision about pension schemes Originated in the Lords.
A Bill to make provision about pension schemes Originated in the Lords.
A Bill to make provision about pension schemes Originated in the Lords.
A Bill to make provision about pension schemes Originated in the Lords.
Third Reading 12:50:00 Relevant documents: 4th, 7th, 8th and 16th Reports from the Delegated Powers Committee Lord Ashton of Hyde (Con): My Lords, I have it in command from Her Majesty the Queen to acquaint the House that Her Majesty, …
Report 13:32:00 Relevant documents: 4th, 7th, 8th and 16th Reports from the Delegated Powers Committee and 2nd Report from the Constitution Committee Clause 11: Fit and proper persons requirement Amendment 1 Moved by 1: Clause 11, page 7, line 16, …
Order of Consideration Motion 12:18:00 Moved by Lord Ashton of Hyde (Con): My Lords, on behalf of my noble friend Lady Stedman-Scott, I beg to move the Motion standing in her name on the Order Paper. That the amendments for …
Committee (4th Day) 15:45:00 Relevant documents: 4th and 7th Report s from the Delegated Powers Committee and 2nd Report from the Constitution Committee The Deputy Chairman of Committees (Baroness Fookes) (Con): My Lords, I am obliged to make the usual …
Committee (3rd Day) 15:30:00 Relevant documents: 4th Report from the Delegated Powers Committee and 2nd Report from the Constitution Committee The Deputy Chairman of Committees (Baroness Garden of Frognal) (LD): My Lords, if there is a Division in the Chamber …
Committee (2nd Day) 15:45:00 Relevant documents: 4th Report from the Delegated Powers Committee and 2nd Report from the Constitution Committee The Deputy Chairman of Committees (Baroness McIntosh of Hudnall) (Lab): My Lords, good afternoon. I remind the Committee that, in …
Committee (1st Day) 15:30:00 Relevant document s : 4th Report from the Delegated Powers Committee and 2nd Report from the Constitution Committe e The Deputy Chairman of Committees (Lord Geddes) (Con): My Lords, I remind the Grand Committee that if …
Order of Consideration Motion 15:08:00 Moved by Baroness Stedman-Scott: That it be an instruction to the Grand Committee to which the Pension Schemes Bill [HL] has been committed that they consider the bill in the following order: Clauses 1 to …
Second Reading 15:55:00 Moved by Baroness Stedman-Scott: That the Bill be now read a second time. The Parliamentary Under-Secretary of State, Department for Work and Pensions (Baroness Stedman-Scott) (Con): My Lords, I take this opportunity to thank all noble Lords …
A Bill to make provision about pension schemes
First Reading 15:18:00 A Bill to make provision about pension schemes. The Bill was introduced by Lord Ashton of Hyde (on behalf of Baroness Stedman-Scott), read a first time and ordered to be printed.
First Reading 14:51:00 A Bill to make provision about pension schemes. The Bill was introduced by Baroness Stedman-Scott, read a first time and ordered to be printed.