Pension Schemes Bill: Government Motion relating to Lords Reason 88X

What was this vote about?

This was a lords amendment on the Collective Defined Contribution Pension Schemes Bill. The bill would allow the creation of collective defined contribution (CDC) pension schemes, where members’ pot is funded collectively and risks are shared rather than each person having a separate account. It sets out how such schemes would be set up, governed, and overseen by regulators, and aims to balance potential benefits with protections for members and employers. It is currently at the Commons stage (2nd reading) as part of the welfare policy agenda, with ongoing scrutiny through Lords amendments and government responses.

• •Creates a legal route for establishing CDC pension schemes in the UK.
• •Defines governance, funding, and regulatory arrangements for CDC schemes.
• •Highlights potential benefits from risk-sharing and cost efficiencies while safeguarding members and employers.
• •Active parliamentary progression: originating in the Commons, currently at 2nd reading with Lords amendments being considered.

The result

493 of 650 eligible MPs voted (76% turnout)

How each party voted

Who rebelled?(1 MP)

Why it matters

MPs voted 335 to 158 to approve the government motion relating to Lords Reason 88X attached to a Lords amendment to the Collective Defined Contribution Pension Schemes Bill, a margin of 177. One MP voted against their party whip. The bill aims to create a legal framework for new CDC pension schemes that pool contributions and share investment risk to provide collective retirement incomes.

AI-generated context — may contain errors.

Turnout by party

What happens next?

The Lords amendment result is sent back to the other House for consideration.

Current stage: 2nd reading