Planned Pensions Shakeup Passes First Commons Hurdle

By Martin Croucher (October 8, 2020, 5:16 PM BST) -- A radical shakeup of the U.K. pensions industry has cleared a key legislative obstacle after being debated in the House of Commons for the first time, although experts warn of a raft of potential amendments before the Pension Schemes Bill can enter into law.

The bill contains a range of proposals, from jail sentences for bosses who raid company pension schemes to the creation of a "dashboards" system to link long-term savers with lost retirement pots.

It received its first debate in the House of Commons on Wednesday and was cleared to go to its next committee stage, prior to a...

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