✓ Passed into LawLords
UK Parliament · Bill
Pension Schemes Act 2021
Summary
This Act tightens the rules around how pension schemes in the UK must operate and protect people's retirement savings. It gives regulators more power to oversee pensions, requires better management of pension funds, and aims to prevent savers from losing money through poor decisions or mismanagement.
A vote to support means
- —Supporting this Act means backing stronger rules to protect people's pensions and savings for retirement. It helps ensure pension schemes are run properly and that savers' money is managed carefully and safely.
A vote to oppose means
- —Critics worry the Act adds extra costs and paperwork for pension schemes, which might lead to higher fees for workers. Some also argue the new rules could limit investment options or make pensions harder for smaller businesses to offer.
Cast Your Vote
People's Vote0 votes
0% Support · 00% Oppose · 0
Parliament's Vote612 MPs
42% Ayes · 25658% Noes · 356
Bill Passage
Commons
- 1st reading16 Jul 2020
- 2nd reading7 Oct 2020
- Committee stage3 Nov 2020
- Report stage16 Nov 2020
- 3rd reading16 Nov 2020
Lords
- 1st reading7 Jan 2020
- 2nd reading28 Jan 2020
- Committee stage24 Feb 2020
- Report stage30 Jun 2020
- 3rd reading15 Jul 2020
Royal Assent11 Feb 2021
Full Bill Description(click to expand)
No description available