Pensions notably excluded from King's Speech

New legislation to build on raft reforms

Martin Richmond
clock • 3 min read

The pensions industry has signalled its disappointment after a pensions bill was excluded from the King’s Speech today (7 November).

Speaking at the 2023 State Opening of Parliament this morning, the King did not mention any new pensions legislation to build on chancellor Jeremy Hunt's Mansion House reforms announced earlier this year. King's Speech: Inflation control key as pensions and IHT take back seat Reforms included the creation of the Mansion House Compact, alongside several consultations on issues such as defined benefit (DB) superfunds, deferred small pots, collective defined contribution and a value money for money framework. ‘Disappointed' The pensions industry has aired its disappointment over the...

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