✓ Passed into LawLords
UK Parliament · Bill
Pensions Dashboards (Prohibition of Indemnification) Act 2023
Summary
This Act stops pension companies from using indemnification agreements (special contracts that protect them from blame) when they share your pension information on the Pensions Dashboard. It means these companies must take responsibility if they give you wrong information about your pensions.
A vote to support means
- —Supporting this Act means protecting people's pension savings by preventing pension providers from using 'get out of jail free' agreements. It ensures that pension companies cannot escape responsibility if they provide wrong information on the Pensions Dashboard, so savers are better protected.
A vote to oppose means
- —Critics might worry that this Act makes it harder for pension providers to do business, as it removes their legal protection. They could argue it increases costs and risks for companies, which might lead to higher fees for customers or fewer services available.
Cast Your Vote
People's Vote0 votes
0% Support · 00% Oppose · 0
Bill Passage
Commons
- 1st reading20 Jun 2022
- 2nd reading15 Jul 2022
- Committee stage26 Oct 2022
- 3rd reading20 Jan 2023
Lords
- 1st reading23 Jan 2023
- 2nd reading3 Mar 2023
- 3rd reading21 Apr 2023
Royal Assent2 May 2023
Full Bill Description(click to expand)
No description available