British MPs vote down Pension Schemes Bill automatic guidance amendment

An amendment to the UK's Pensions Schemes Bill which would have seen people given a pre-booked Pension Wise appointment ahead of accessing their retirement savings has been defeated in Parliament today. The amendment was tabled by work and pensions committee chair Stephen Timms ahead of the yesterday's House of Commons debate on the bill. It was co-signed by Conservative and SNP MPs, giving it cross-party support. Supporters include Nigel Mills, Richard Thomson, Neil Gray and former pensions minister Angela Eagle. However, the amendment was defeated by 89 votes. Speaking during ...