A Bill to amend the Pensions Act 2004 and the Companies Act 2006 to remove the cap on compensation payments under the Pension Protection Fund and to require the approval of pension scheme trustees and the Pensions Regulator for the distribution of dividends
House of Lords
8 November 2019
May contain errors — check source documents for definitive information.
The bill would remove the cap on the compensation payments the Pension Protection Fund can pay and would require both pension scheme trustees and the Pensions Regulator to approve any distribution of dividends by pension scheme sponsors. It aims to strengthen protection for pension scheme members and prevent funds from being diverted away from pension schemes to shareholders.
The bill is at the second reading in the Lords. After this, it would normally move to committee stage, then report stage and third reading in the Lords before going to the House of Commons.
Generated 21 February 2026
30 Oct 2019
First reading took place on 30 October. This stage is a formality that signals the start of the Bill's journey through the Lords.
Second reading - the general debate on all aspects of the Bill - is yet to be scheduled.
The 2017-19 Parliament dissolved at the end of the 2019 Session and this Bill will make no further progress
No recorded votes for this bill yet.
