M

Member

Speaking in the House of Commons on 22 April 2026

Debate

Pension Schemes Bill

Contribution

This week we have seen a flurry of concessions. There have been revisions to the sunset clause. First, the date when the mandation power lapses, if it has not been used, is being brought forward from 2035 to 2032. Secondly, the entire regime will be repealed at the end of 2035. So, as drafted, the mandation threat will not hang over the sector indefinitely, but the fact is that once this power is on the statute book, amending it—for instance, to extend those dates—is a whole lot easier than if the Government had never even crossed this Rubicon.

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