POLITICO<\/a> that he would table \u201cclarifications\u201d to the bill outlining that the power would only align to Mansion House Accord signatories and targets.\u00a0It means ministers will now be required to reconsider the proposed law. <\/p>\n\u201cThis power must be removed,” said Stedman-Scott.\u00a0“It is a massive overstep from the government, and despite the assurances of the minister, no one is yet convinced that this can remain.”<\/p>\n
The amendment removing the threat of a mandate will now go back to the House of Commons, where Bell will need to decide whether to include new changes to reinstate the power.\u00a0<\/p>\n
Altmann got another victory in the report stage debate on Thursday by winning a vote on her amendment to extend the time limit defining an unused pension pot as \u201cdormant\u201d from 12 months to two years.\u00a0<\/p>\n
Under government plans, all \u201cdormant\u201d small pots worth under \u00a31,000 will be consolidated into larger schemes.<\/p>\n","protected":false},"excerpt":{"rendered":"An amendment to the Pension Schemes Bill \u2014 tabled by Liberal Democrat peer Sharon Bowles, Conservative peers Deborah…\n","protected":false},"author":2,"featured_media":484946,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,172111,4176,1346,555,465,4178,4174,4175,106766,172112,172113,56,54,55],"class_list":["post-484945","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-deborah-stedman-scott","tag-finance","tag-financial-services","tag-industry","tag-investment","tag-pensions","tag-personal-finance","tag-personalfinance","tag-ros-altmann","tag-sharon-bowles","tag-therese-coffey","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/484945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=484945"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/484945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/484946"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=484945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=484945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=484945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}