Pre-97 Urgent Briefing Note

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The House of Lords starts the examination of the Pension Schemes Bill

January 12th – The House of Lords begin their detailed examination of the Pension Schemes Bill in committee stage.

“The Pension Schemes Bill will implement government commitments to reform private pensions.  The government intends these reforms to  improve outcomes for savers nd encourage pension schemes to invest in the UK economy”

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Our Stars at the Debate

Our Stars at the debate were:  Dame Nia Griffith – MP for Llanelli   “Companies such as Hewlett Packard Enterprise, 3M and a number of others

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One Response

  1. Torsten Bell would not consider it on 1st reading and will not consider it in the future. The original decision not to make indexation compulsory before 1997 was because it would have driven some schemes into insolvency even by the rules then. To make it retrospective after a further 26 years and with pensions now subject to FRS17 may push a lot of schemes into the Pension Protection Fund, which is the last thing this or any other government wants.

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