Like a U-boat slipping silently out of its berth, amendments to the Pension Schemes Bill were launched into the rough swell of political waters on Monday (19th).
You can read the amendments here, though they seem to have eluded even the most vigilant searchlight of Jo Cumbo. The Pension Plowman’s political antennae stay strong!
Bowles , my liege!
Dispassionately and without more ado, the Pensions Minister has simply left the amendment to the Pension Schemes Bill proposed by Sharon Bowles and supported by cross-party peers, including Ros Altmann.
Here is that amendment as it stands
and here is my blog about its value. Lords say no to the dumping of open DB schemes
We may not have heard the end of this
This is very sad. Of course we will do our best but it is up to MPs too. When defined benefits pensions go, local authority pensions will face same problem, or authorities will go bust. Hope they let MPs know this and remember next election time https://t.co/Sx5L70X3Dw
— Sharon Bowles (@SharonBowlesUK) October 20, 2020