A pension schemes bill is set to be laid in parliament in the coming weeks after the government announced a wide-ranging suite of reforms in the Queen’s Speech today.
The much-anticipated legislation includes plans to extend the powers of The Pensions Regulator (TPR) and introduce regulations for the pensions dashboard. Queen's speech: Government promises 'new economic plan' Much of the content has been well-trailed and is derived from the government's defined benefit (DB) white paper, published last March, and a raft of consultations over the past two years. Announcing the government's plans in the House of Lords, the Queen said: "To help people plan for the future, measures will be brought forward to provide simpler oversight of pension saving...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
