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The withdrawn Pension Schemes Bill 2019 (Part 2)—funding, transfers and PPF changes

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Published on: 18 October 2019

Published by a LexisNexis Pensions expert

Table of contents

Original news
What are the implications of these measures?
What is the background?
What do the measures on funding, transfers and the PPF entail?
What are the next steps?

Article summary

Pensions analysis: The Pension Schemes Bill 2019 fell away on 6 November 2019 when Parliament was dissolved as a result of the general election of 12 December 2019. The 2019 Bill was replaced by the Pension Schemes Bill 2020. This News Analysis, which is the second of four News Analyses covering the 2019 Bill, describes the provisions of the doomed 2019 Bill insofar as they sought to restrict the statutory right to transfer, to require trustees of defined benefit (DB) schemes to produce a funding strategy statement and have a trustee chair, as well as to amend PPF compensation rules to make the Beaton changes retrospective. Equivalent provisions of the 2020 Bill are covered in News Analysis: ‘Pension Schemes Bill 2020 (Part 2)—funding, transfers and PPF changes’.

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