Commons Sense

Hansard-based summaries and metrics

<-- Back to proposed bills

Flexible Apportionment Arrangements

16 June 2026

Proposing MP
Torsten Bell Lab
Swansea West
Type
Written Ministerial Statement
Department
Department for Work and Pensions
View on Parliament.uk -->
TAGS
Benefits & Welfare

At a Glance

Issue Summary

The statement addresses the need to review and potentially strengthen legislation related to Flexible Apportionment Arrangements (FAAs) to ensure they keep pace with innovative uses in pension schemes.

Action Requested

We intend to consult on whether existing FAA regulations could be strengthened to align regulatory standards with new risks and benefits introduced by innovative pension market practices. This aims to protect scheme members and the Pension Protection Fund.

Key Facts

  • Flexible Apportionment Arrangements (FAAs) were introduced in 2012.
  • A novel use of existing legislation on December 4, 2025, led an Asset Manager to assume responsibility for another employer’s defined benefit pension scheme assets and liabilities.
  • The Pension Schemes Act 2026 was delivered to introduce major reforms and consolidate the fragmented pensions system.
▸ Assessment & feedback
Summary accuracy