Private Pensions (Charges, Disclosure and Accountability) Bill 2010-12
The Bill failed to complete its passage through Parliament before the end of the session. This means the Bill will make no further progress. require firms offering regulated private pensions services to exercise a fiduciary duty of care to consumers and other users of financial services, to exercise due diligence when making decisions on behalf of consumers, to provide clear information to consumers on all charges and costs paid by the consumer or the pension fund on the consumer’s behalf and to disclose any conflict of interest and potential conflict of interest including commercial relationships that might result in or be perceived to result in financial detriment to consumers or undermine the integrity of financial markets; to make provision for disclosure by postcode of the location of investors in private pension funds; to make provision for an Annual General Meeting for each private pension fund; and for connected purposes.
Private Members' Bill (Presentation Bill)
The Private Pensions (Charges, Disclosure and Accountability) Bill was a Presentation Bill tabled by Gareth Thomas.
Is this Bill currently before Parliament?No. This Bill is not under active consideration by Parliament, as it was introduced during the previous 2010-12 Session.
Whose idea is this Bill?As a Private Members' Bill, this Bill represents the individual initiative of an MP (Gareth Thomas), not the Government.
What type of Bill is this?A Presentation Bill can be tabled by any MP after the fifth Wednesday of the Session. There is no limit to the number of Presentation Bills an individual MP may table.
So is this going to become a law?No. This Bill did not complete it's passage before the Session completed and is no longer before Parliament. However, it may have been re-introduced under a similar name in a subsequent Session.
Would you like to know more?See these Glossary articles for more information: Presentation Bill, Private Members Bill, Process of a Bill
Next Event: There is no future stage currently scheduled for this bill
Last Event: Thursday 1st March 2012 - 1st reading: House of Commons
Bill Progession through Parliament