Pensions (Amendment) Bill [HL] 2019-21

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.

Private Members' Bill (Starting in the House of Lords)

What is this Bill?

The Pensions (Amendment) was a Lords Private Members' Bill tabled by Lord Balfe.

Is this Bill currently before Parliament?

No. This Bill is not under active consideration by Parliament, as it was introduced during the previous 2019-21 Session.

Whose idea is this Bill?

As a Private Members' Bill, this Bill represents the individual initiative of an Member of the House of Lords (Lord Balfe), not the Government.

What type of Bill is this?

Lords Private Members' Bills can be tabled by any member, at any time during the Session. A number of Lords may win ballot slots to receive precedence in the Lords.

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: Private Members Bill, Process of a Bill

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