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
5 May 2021
This Lords bill would change the law to remove the cap on compensation payments handled by the Pension Protection Fund. It would also require the approval of pension scheme trustees and the Pensions Regulator for the distribution of dividends.
The bill is currently at the second reading in the House of Lords and has yet to proceed to committee stages and further readings in both Houses.
Generated 21 February 2026
First reading took place on 16 January. 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 2019-2021 session of Parliament has prorogued and this Bill will make no further progress.
No recorded votes for this bill yet.
