Part of Pension Schemes Bill – in a Public Bill Committee at 3:15 pm on 11 September 2025.
“(1) The Secretary of State must establish a joint protocol outlining the roles and responsibilities of the Financial Conduct Authority and the Pensions Regulator regarding their regulatory responsibility of the pension industry.
(2) A protocol established under subsection (1) must include—
(a) an overview of the coordination mechanisms between the two bodies;
(b) a published framework for oversight of hybrid or work-based personal pension schemes;
(c) a requirement for regular joint communications from both bodies to clarify regulatory boundaries for industry stakeholders.”—
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
