Mandation was never the way to get pensions investing in venture capital Opinion The VC industry should welcome the watering down of the Pension Schemes Bill – self-regulation, not the blunt instrument of mandation, is the answer, says Duncan Johnson After four back-and-forths between the two parliamentary houses, the Pension Schemes Bill is set to gain Royal Assent after the Lords accepted a final draft on Tuesday. The [...]
Pension industry 1-0 Torsten Bell Investing We should be grateful that the absurd idea of a government-imposed cap on rent died less than 24 hours after it first reared its head, but another madcap Treasury scheme took far longer to bite the dust. The government’s Pensions Schemes Act (which passed into law yesterday) contained plenty of sensible and interesting measures, including [...]
End of deadlock: Pension Schemes Bill to become law as government backs down Politics The Pension Schemes Bill is set to become law after the House of Lords agreed to final watering down plans from the government, ending the long-standing deadlock between the two houses. The legislation had run into multiple walls amid consistent back and forth between the lower and upper house, after neither side refused to back [...]
Pension deadlock: Government and Lords refuse to back down in stalemate April 28, 2026 The government and the House of Lords are locked in a high-stakes political standoff over pensions, both refusing to back down on their demands for the Pension Schemes Bill, leaving its passage up in air as the clock winds down on this parliamentary session. Attempts to finalise the bill in the upper house remain ensnared [...]
Pensions belong to savers, not the state April 23, 2026 No government should have the power to direct where pension savings are invested, says Helen Whately Alongside the Starmer-Mandelson debacle, the everyday work of government is stumbling on. The Pension Schemes Bill, for instance, should by now be approaching the end of its legislative journey. Instead, it has run into sustained resistance in the House [...]
Pension ping pong: Now government backtracks on mandation powers April 22, 2026 The government has been forced to water down controversial mandation powers in the Pension Schemes Bill after prolonged uproar from the pensions industry and opposition MPs and peers. Pensions minister Torsten Bell has tried to push through the bill with a clause that gives ministers the power to force funds to invest in UK infrastructure [...]
‘Pet projects’: Tories slam pension mandation powers as Labour refuse to back down April 16, 2026 The Conservatives have slammed the controversial mandation powers in the Pension Schemes Bill, after parliament swept aside the amendments put forward by the House of Lords. Labour has come a step closer to finalising the bill, after it used its government majority to stamp out more than 80 amendments put forward by the upper house, [...]
‘Ridiculous’: Torsten Bell under fire over pension schemes bill April 2, 2026 London’s pension industry is in uproar over government proposals to keep what is known as ‘backstop power’ over the precise level of investment from funds in specific UK assets. Torsten Bell, the pensions minister, has become the focus of anger at Whitehall’s attempts to exert a degree of control over where some of the biggest [...]
UK ministers to push ahead with ‘capped’ mandation powers after peers backlash March 27, 2026 Ministers are set to go toe-to-toe with the House of Lords over a plan to grant them powers to force pension funds into private assets and UK companies. Government officials said ministers would make concessions to try and get the measure through the upper house, which voted last week to remove a “reserve power” allowing [...]
NS&I set to fork out millions over huge missing savings scandal March 26, 2026 National Savings and Investments (NS&I) is set to fork out millions of pounds to customers following a missing savings scandal. The government-backed bank is expected to pay out to customers who claim there have been failures in managing their money, with failings dating back years, according to reports in The Telegraph. The bank has been [...]