Pension Schemes Act 2015


make provision about pension schemes, including provision designed to encourage arrangements that offer people different levels of certainty in retirement or that involve different ways of sharing or pooling risk and provision designed to give people greater flexibility in accessing benefits and to help them make informed decisions about what to do with benefits.

What is this Bill?

The Pension Schemes Act 2015 was a Government Bill that became an Act of Parliament.

Is this Bill currently before Parliament?

No. This Bill was introduced on 26 June 2014 and became an Act of Parliament on 3 March 2015.

Whose idea is this Bill?

Government Bills implement the legislative agenda of the Government. This agenda, and the Bills that will implement it, are outlined in the Queen's Speech at the Session's State Opening of Parliament.

How can I find out exactly what this Bill does?

The most straightforward information is contained in the initial Explanatory Notes for the Bill.

Would you like to know more?

See these Glossary articles for more information: Act of Parliament, Government Bills, Process of a Bill

Official Bill Page Initial Explanatory Notes Initial Briefing papers All Bill Debates

This bill has received Royal Assent and has become an Act of Parliament

Bill Progession through Parliament

Commons Completed
Lords Completed
Royal Assent

Latest Key documents

Bill Debate
03/03/2015
Act of Parliament
09/03/2015
Briefing paper
21/11/2014
Explanatory Note
06/02/2015

Timeline of Bill Documents and Stages

17th March 2015
Legislative Consent Resolutions
Northern Ireland Assembly - 13 January 2015 (PDF, 100KB)
17th March 2015
Legislative Consent Resolutions
Northern Ireland Assembly - 9 December 2014 (PDF, 100KB)
9th March 2015
Act of Parliament
Pension Schemes Act 2015 c.8
3rd March 2015
Royal Assent (Commons)
25th February 2015
Public Bill Committee and report stage proceedings: Commons
Proceedings on Consideration of Lords Amendments as at 24 February 2015
24th February 2015
Ping Pong: House of Commons
24th February 2015
Programme motion: House of Commons
24th February 2015
Selection of amendments: Commons
Consideration of Lords Amendments (PDF, 403KB)
12th February 2015
Legislative Consent Resolutions
Northern Ireland Assembly - 04 February 2015 (PDF, 101KB)
6th February 2015
Explanatory Notes
Bill 166-EN 2014-15
6th February 2015
Bills
Bill 166 2014-15, Lords Amendments to the Bill
5th February 2015
3rd reading: House of Lords
5th February 2015
Amendment papers
Marshalled List of Amendments to be moved on Third Reading
4th February 2015
Amendment papers
Amendment to be moved on Third Reading
29th January 2015
Amendment papers
Amendment to be moved on Third Reading
28th January 2015
Bills
HL Bill 90 2014-15, as amended on Report
27th January 2015
Report stage: House of Lords
27th January 2015
Amendment papers
Amendment to be moved on Report [Supplementary to the Marshalled List]
24th January 2015
Amendment papers
Marshalled List of Amendments to be moved on Report
23rd January 2015
Amendment papers
Amendments to be moved on Report
22nd January 2015
Amendment papers
Amendments to be moved on Report
20th January 2015
Will write letters
Letter from Lord Bourne of Aberyswyth to Lord Bradley and Lord McAvoy regarding Part 2 of the Pension Schemes Bill. (PDF, 866KB)
19th January 2015
Will write letters
Letter from Lord Newby to Baroness Hollis of Heigham regarding the Pension Schemes Bill: pension flexibilities and income-related benefits (PDF, 631KB)
19th January 2015
Will write letters
Letter from Lord Newby to Lord German and Lord Best regarding an amendment to the Pensions Schemes Bill which would ensure an individual's assets, in particular, housing wealth are taken into acccount in a pension decision (PDF, 495KB)
19th January 2015
Will write letters
Letter from Lord Newby to Lord McAvoy and Lord Bradley regarding issues raised during the Pension Schemes Bill Lords Committee stage, including Clause 54 - salary sacrifice (PDF, 1MB)
19th January 2015
Will write letters
Letter from Lord Newby to Baroness Greengross regarding the Pension Schemes Bill and the consideration of State Pension entitlement as a factor relevant to a consumer's decision to take their pension pot (PDF, 420KB)
15th January 2015
Will write letters
Letter from Lord Bourne of Aberystwyth to Lord McAvoy regarding points raised in relation to clause 44 of the Pension Schemes Bill 2014-15 (PDF, 193KB)
15th January 2015
Will write letters
Letter from Lord Bourne of Aberystwyth to Lord Bradley regarding Pension Schemes Bill 2014-15 - Grand Committee (PDF, 415KB)
13th January 2015
Bills
HL Bill 79 2014-15, as amended in Committee
12th January 2015
Committee: 2nd sitting: House of Lords
10th January 2015
Amendment papers
Amendment to be moved in Committee [Supplementary to the Second Marshalled List]
9th January 2015
Amendment papers
Second Marshalled List of Amendments to be moved in Committee
7th January 2015
Committee: 1st sitting: House of Lords
7th January 2015
Amendment papers
Amendments to be moved in Committee [Supplementary to the Marshalled List]
6th January 2015
Amendment papers
Marshalled List of Amendments to be moved in Committee
23rd December 2014
Amendment papers
Amendments to be moved in Committee
20th December 2014
Amendment papers
Amendments to be moved in Committee
19th December 2014
Amendment papers
Amendments to be moved in Committee
18th December 2014
Amendment papers
Amendments to be moved in Committee
16th December 2014
2nd reading: House of Lords
27th November 2014
Explanatory Notes
HL Bill 63-EN 2014-15
27th November 2014
Bills
HL Bill 63 2014-15, as brought from the Commons
26th November 2014
1st reading: House of Lords
26th November 2014
Public Bill Committee and report stage proceedings: Commons
Report Stage Proceedings as at 25 November 2014
25th November 2014
3rd reading: House of Commons
25th November 2014
Report stage: House of Commons
25th November 2014
Amendment papers
Consideration of Bill as at 25 November 2014
24th November 2014
Amendment papers
Notices of Amendments given up to and including 21 November 2014
24th November 2014
Selection of amendments: Commons
Consideration on Report (PDF, 61KB)
21st November 2014
Amendment papers
Provisional Notices of Amendments and Added Names as at 21 November 2014 (PDF, 371KB)
21st November 2014
Briefing papers
Briefing Paper on House of Commons Stages
20th November 2014
Amendment papers
Notices of Amendments given on 19 November 2014
7th November 2014
Written evidence
Written Evidence: Consolidated PDF Version (PDF, 2MB)
6th November 2014
Written evidence
Written Evidence: Investment Management Association PS 16
6th November 2014
Written evidence
Written Evidence: NASUWT PS 17
6th November 2014
Written evidence
Written Evidence: Association of Professional Financial Advisers - supplementary PS 18
5th November 2014
Written evidence
Written Evidence: Bernard H Casey PS 13 (PDF, 382KB)
5th November 2014
Written evidence
Written Evidence: First Actuarial LLP PS 14
5th November 2014
Written evidence
Written Evidence: Institute and Faculty of Actuaries PS 15
5th November 2014
Tracked changes versions of Bills: Commons
Version of the bill showing changes made in committee (PDF, 660KB)
5th November 2014
Bills
Bill 114 2014-15, as amended in Public Bill Committee
5th November 2014
Public Bill Committee and report stage proceedings: Commons
Public Bill Committee Proceedings as at 4 November 2014
4th November 2014
Committee Debate: 9th sitting: House of Commons
4th November 2014
Committee Debate: 10th sitting: House of Commons
4th November 2014
Amendment papers
Public Bill Committee Amendments as at 4 November 2014
3rd November 2014
Selection of amendments: Commons
Consideration in Committee: Selection 3 (PDF, 140KB)
31st October 2014
Public Bill Committee and report stage proceedings: Commons
Public Bill Committee Proceedings as at 30 October 2014
31st October 2014
Written evidence
Written Evidence: Partnership Assurance Group plc (Partnership) PS 12
30th October 2014
Committee Debate: 8th sitting: House of Commons
30th October 2014
Committee Debate: 7th sitting: House of Commons
30th October 2014
Amendment papers
Public Bill Committee Amendments as at 30 October 2014
30th October 2014
Selection of amendments: Commons
Consideration in Committee: Selection 2 (PDF, 142KB)
29th October 2014
Public Bill Committee and report stage proceedings: Commons
Public Bill Committee Proceedings as at 28 October 2014
29th October 2014
Impact Assessments
Written Evidence: Association of Professional Financial Advisers PS 11
28th October 2014
Committee Debate: 6th sitting: House of Commons
28th October 2014
Committee Debate: 5th sitting: House of Commons
28th October 2014
Amendment papers
Public Bill Committee Amendments as at 28 October 2014
28th October 2014
Selection of amendments: Commons
Consideration in Committee: Selection 1 (PDF, 145KB)
24th October 2014
Public Bill Committee and report stage proceedings: Commons
Public Bill Committee Proceedings as at 23 October 2014
24th October 2014
Amendment papers
Notices of Amendments given on 23 October 2014
24th October 2014
Amendment papers
Written Evidence: Chartered Institute of Payroll Professionals PS 10
23rd October 2014
Committee Debate: 4th sitting: House of Commons
23rd October 2014
Committee Debate: 3rd sitting: House of Commons
23rd October 2014
Amendment papers
Public Bill Committee Amendments as at 23 October 2014
22nd October 2014
Written evidence
Written Evidence: Association of Consulting Actuaries (ACA) PS 07
22nd October 2014
Written evidence
Written Evidence: Intergenerational Foundation PS 08
22nd October 2014
Written evidence
Written Evidence: British Airline Pilot’ Association (BALPA) PS 06
22nd October 2014
Written evidence
Written Evidence: John Greenwood PS 05
22nd October 2014
Written evidence
Written Evidence: Equity Release Council PS 04
22nd October 2014
Written evidence
Written Evidence: Society of Pension Professionals PS 03
22nd October 2014
Public Bill Committee and report stage proceedings: Commons
Public Bill Committee Proceedings as at 21 October 2014
22nd October 2014
Written evidence
Written Evidence: TUC PS 02
22nd October 2014
Written evidence
Written Evidence: John Ralfe PS 09
22nd October 2014
Written evidence
Written Evidence: Mercer PS 01
21st October 2014
Committee Debate: 2nd sitting: House of Commons
21st October 2014
Committee Debate: 1st sitting: House of Commons
21st October 2014
Amendment papers
Public Bill Committee Amendments as at 21 October 2014
20th October 2014
Amendment papers
Notices of Amendments given up to and including 17 October 2014
17th October 2014
Press notices
Pension Schemes Bill evidence programme announced
15th October 2014
Amendment papers
Notices of Amendments given on 14 October 2014
19th September 2014
Impact Assessments
Amendments to Pension Schemes Bill (private sector defined benefit transfers) (PDF, 2MB)
12th September 2014
Amendment papers
Notices of Amendments given on 11 September 2014
3rd September 2014
Press notices
Have your say on the Pension Schemes Bill
2nd September 2014
2nd reading: House of Commons
2nd September 2014
Ways and Means resolution: House of Commons
2nd September 2014
Money resolution: House of Commons
26th June 2014
1st reading: House of Commons
26th June 2014
Explanatory Notes
Bill 12-EN 2014-15
26th June 2014
Bills
Bill 12 2014-15, as introduced
1st June 2014
Impact Assessments
Summary of Impacts (PDF, 327KB)