Pension Schemes Bill: Amendment 16

On 3 December 2025, MPs voted on Amendment 16 to the Pension Schemes Bill at its report stage (the stage where the full House of Commons reviews and can amend a bill after it has been scrutinised in committee). The amendment was tabled by the Conservative opposition and sought to modify the government's pension proposals. It was defeated by 304 votes to 143, with the government's position prevailing. The Pension Schemes Bill is a significant piece of legislation affecting millions of people with occupational and private pensions across the United Kingdom. Among its most prominent measures are new clauses introduced by the government to provide prospective indexation of Pension Protection Fund and Financial Assistance Scheme payments relating to pensions built up before 6 April 1997, linked to the Consumer Prices Index and capped at 2.5%. The government stated this change would benefit over 250,000 members, boosting average compensation by around 400 pounds a year over five years. By defeating the opposition amendment, the Commons backed the government's version of these reforms rather than the modified approach proposed by the Conservatives. The vote divided along clear party lines. All 298 Labour and Labour and Co-operative MPs who voted did so against the amendment, while all 74 Conservatives, all 62 Liberal Democrats, and all 5 Reform UK members who voted supported it. There were no cross-party rebels on either side of note, though six independents voted with the government against the amendment. The Bill has proceeded with a degree of cross-party support on broad principles, with the Conservative shadow minister and the Liberal Democrats both acknowledging positive elements of the legislation, but the opposition sought through amendments to strengthen or adjust specific provisions. The defeat of Amendment 16 reflects the government's comfortable Commons majority on its legislative programme.