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ARTICLE · 07 APRIL 2026

What's Happening in Pensions - Issue 121

Travers Smith LLP
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A number of non-Government supported amendments were made to the Pension Schemes Bill in its final report stages in the House of Lords...

United KingdomEmployment and HR
David James
David James
Daniel Gerring
Daniel Gerring
Niamh Hamlyn
Niamh Hamlyn
Chris Widdison
Chris Widdison
Catrin Young
Catrin Young
Alexander Economides
Alexander Economides
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In this issue:

Pension Schemes Bill faces challenge in the House of Lords: A number of non-Government supported amendments were made to the Pension Schemes Bill in its final report stages in the House of Lords, including an amendment to remove the Government's controversial mandation clause. The Bill will now return to the House of Commons to consider the Lords' amendments on 15 April 2026. Any changes made by the Commons will then return to the Lords for consideration in the usual “ping‑pong” process until both Houses reach agreement.

Building scale in defined contribution: The Department of Work and Pensions and the Pensions Regulator have issued documents setting out policy intention and principles in relation to the new scale requirement. The Regulator has cautioned employers and advisers against second guessing which master trusts not yet at scale will be unable to meet the requirement within the prescribed timescales.

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