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Lords division · 30 Jun 2020 · No. 4

Pension Schemes Bill [HL]

Baroness Bowles of Berkhamsted moved amendment 71, in clause 123,page 118, line 4, at end to insert—“(2) In exercising any powers to make regulations, or otherwise to prescribe any matter or principle, under Part 3 of the Pensions Act 2004 (scheme funding) as amended by Schedule 10, the Secretary of State must ensure that—(a) schemes that are expected to remain open to new members, either indefinitely or for a significant period of time, are treated differently from schemes that are not;(b) scheme liquidity is balanced with scheme maturity;(c) there is a correlation between appropriate investment risk and scheme maturity;(d) affordability of contributions to employers is maintained;(e) affordability of contributions to members is maintained;(f) the closure of schemes that are expected to remain open to new members, either indefinitely or for a significant period of time, is not accelerated; and(g) trustees retain sufficient discretion to be able to comply with their duty to act in the best interests of their beneficiaries.”The House divided:

The Contents have it

Majority 36

Contents: 263 Not Contents: 227

At a glance The Contents won by a margin of 36 votes. The Government's position was Not Content, and it lost.

How the parties voted

Contents

Labour 117
Liberal Democrat 75
Crossbench 51
Non-affiliated 17
Green Party 2
Conservative 1

Not Contents

Conservative 194
Crossbench 17
Non-affiliated 10
Democratic Unionist Party 3
Ulster Unionist Party 2
Lord Speaker 1

The party breakdowns are our own analysis of the official voting records (recorded votes only; they do not describe the formal whip). How we work this out.

Peers attend divisions ad hoc, so there is no did-not-vote list. Tellers are counted in the Content and Not Content totals, unlike in the Commons.

Every vote

Contents (263)

Not Contents (227)

Source: the official Lords division record.