The Pension Schemes Bill Committee has outlined its intended selection and ordering for the amendments to the bill, with today's committee hearing beginning with a focus on the amendments tabled in relation to the Local Government Pension Scheme (LGPS).

This includes government amendments that are designed to extend the scope of the LGPS to Scotland, in addition to England and Wales, as well as a number of opposition amendments focused on local investments.

This will be followed by amendments focused on powers to pay surplus to employers, defined contribution (DC) pensions and value for money, and the consolidation of small dormant pension pots.

In addition to this, the Committee has confirmed that a duplicate amendment, which had been tabled by both Conservatives and Lib Dems, had been withdrawn, leaving just the Conservative amendment.

In addition to this, the government’s amendment (240) has not been selected by the committee.

This amendment was intended to amend the Procurement Act 2023 to create a new category of exempted contract covering certain investment management contracts between a local government scheme manager and the asset pool company.

All government amendments require a decision unless they’re withdrawn or not selected.

For more insight into the full list of amendments being debated, check Pensions Age full breakdown here.

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