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Pension Schemes Bill [HL]

A Bill to make provision about pension schemes

Originating House

House of Lords

Last Updated

8 November 2019

In Plain English

AI-generated

The Pension Schemes Bill is a proposed law that would set out new rules for pension schemes, including how they are run and overseen. It aims to strengthen protections for savers and improve scheme governance. The bill is currently being debated in the House of Lords at its Second Reading.

Key Points

It provides new provisions for pension schemes, covering governance, administration and operation.
It is currently at the Second Reading in the House of Lords (originating house).
It is supported by extensive analysis, including 11 Impact Assessments and Explanatory Notes.
It will affect scheme members, trustees/administrators, employers sponsoring schemes, and pension providers and regulators.
Next steps include committee stage in the Lords for detailed scrutiny.

Progress

The bill is at an early stage of passage in the Lords (Second Reading). If it moves forward, it would go on to committee stage for detailed examination, followed by further readings and potential progression to the House of Commons.

Who is affected?

Current and future members of pension schemesTrustees and administrators of pension schemesEmployers sponsoring pension schemesPension providers and insurersRegulators and government bodies such as The Pensions Regulator and the Department for Work and Pensions

Generated 21 February 2026