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
May contain errors — check source documents for definitive information.
The Pensions (Amendment) Bill [HL] would remove the cap on compensation payments under the Pension Protection Fund and require that any distribution of dividends from pension schemes be approved by both the scheme trustees and the Pensions Regulator. It aims to strengthen protections for pension scheme members and tighten governance over pension fund distributions. The bill originated in the Lords and is currently at the second reading stage in the Lords.
The bill is at the second reading stage in the Lords. It originated in the Lords, with its first reading in January 2020; further stages have not been listed here.
Generated 21 February 2026
16 Jan 2020
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.
