Pension Schemes Bill: motion to disagree with Lords Amendment 77
Wednesday, 15 April 2026 · Division No. 483 · Commons
282 MPs did not vote
Voting Yes means
Support rejecting the Lords' call for a review of public sector pension costs and sustainability, keeping the Bill as the government intended
Voting No means
Support the Lords amendment requiring a review of public sector pension scheme costs and long-term sustainability, arguing greater transparency is needed about taxpayer liabilities
What happened: On 15 April 2026, MPs voted on whether to reject Lords Amendment 77 to the Pension Schemes Bill, which would have required a formal review of the costs and long-term sustainability of public sector pension schemes. The vote recorded zero ayes and zero noes, meaning the motion to disagree with the Lords amendment was defeated by default, and the Lords amendment therefore passed. This means the Bill now includes a requirement for a review of public sector pension costs and sustainability.
Why it matters: Public sector pension schemes, covering workers such as teachers, nurses and civil servants, are largely "unfunded" in the technical sense: liabilities are met from current taxation rather than from invested funds built up over time. The amendment requires the government to carry out a review that examines the long-term financial sustainability of these arrangements and the costs to taxpayers. Supporters of the amendment argue this is a basic matter of fiscal transparency, allowing Parliament and the public to understand growing liabilities. The government had opposed the amendment, preferring to keep the Bill focused on private sector workplace pensions.
The politics: The vote's zero-zero result is procedurally unusual, indicating that no division was actually called or that the motion was not pressed to a formal vote, and the Lords amendment therefore stood. Elsewhere in the same day's proceedings, Labour and its allied MPs voted in solid blocks to reject several other Lords amendments, while Conservatives, the Scottish National Party, Plaid Cymru, Reform UK and the Democratic Unionist Party consistently opposed the government. The Pension Schemes Bill has been one of the most contentious pieces of legislation of the session, with the government suffering twelve defeats in the House of Lords and then seeking to reverse most of them in the Commons.
How They Voted
Government position: Aye
What They Said in the Debate
Conservative · Faversham and Mid Kent
Argues the mandation power is fundamentally wrong in principle—pensions belong to savers, not the state—and that the government is seizing a £400bn piggybank for ideological purposes; calls for removal of the reserve power entirely.
Voted No
Conservative · Tonbridge
Warns that regulatory intervention to mandate pension investment repeats a 30-year error of gradually shifting from equities to bonds, weakening economic growth and intergenerational wealth transfer; opposes mandation on principle.
Voted No
Liberal Democrat · Torbay
Opposes mandation as state interference antithetical to free market principles; supports limited government guidance but not direction of pension investments; will vote against government amendments on mandation.
Conservative · Wokingham
Criticizes the Bill for failing to address pre-1997 pension indexation injustice affecting nearly 1 million pensioners; argues surplus extraction should not proceed until this long-standing wrong is remedied.
Labour · Poole
Argues Lords amendments preventing direction of pension investment away from fossil fuels and unethical assets are too restrictive; calls for binding targets to phase out thermal coal and arms manufacturers from pension funds.
Voted Aye
Conservative · Bognor Regis and Littlehampton
Objects to the reserve power on principle—pension decisions should rest with trustees, not ministers; supports Lords amendments to strip out asset allocation requirements and require transparency on public sector pension affordability.
Voted No
Labour · Swansea West
Defends the reserve power on asset allocation as a necessary backstop to overcome collective action problems preventing diverse investment, but limits it to 10% qualifying assets and 5% UK assets to align with Mansion House accord; opposes most Lords amendments as unnecessary or undermining policy intent.
Voted Aye
Labour · Oldham East and Saddleworth
Defends the asset allocation changes as aligned with Mansion House accord; dismisses scaremongering about government theft of pensions; supports the Bill and presses government on pre-1997 indexation.
Voted Aye
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