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Lords rejects pensions bill again

The stakeholder launch is in serious jeopardy because of the &#39ping-pong&#39 political battle being fought over the Welfare Reform and Pensions Bill.


The stakeholder legislation is part of a controversial bill rejected for a second time by the House of Lords yesterday because of Government plans to cut disability benefits.


The Commons has made room for a third debate and vote today, but time is fast running out for the bill to be passed by both Houses in the current Parliamentary session.


The stakeholder is due to be launched in April 2001 and legislation within the bill needs to be passed before providers can draw up their plans for the new pension.

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