The government's Pensions Bill, which will outline changes to pending pension legislation, is expected to be released this coming Wednesday, suggest industry experts.
According to a spokesperson for Scottish Equitable, the Bill is likely to be out in three days time. However, while the publication will shed further lights on coming changes, the Edinburgh-based insurer doubts whether the proposals set out in the Bill will be anything but "pretty rough".
Further backing the speculation, Royal London Group group head of communication Alasdair Buchanan says the ABI, in its weekly Friday e-mail to its members, pin-pointed Wednesday this week as the date for the launch of the Bill.
He also says the date sounds very likely, judging by pensions minister Malcolm Wicks latest announcement "that there is no reason for the Bill not to be published by the end of January". Delaying the Bill for another week will be stretching Wicks' announcement a bit too far, Buchanan adds.
A spokesperson for the DWP also says the Bill is expected to be released "very shortly".IFAonline
60+ £300bn ISA savings
Total funds on list rise from 26 to 58
What made financial headlines over the weekend?
Q2 net sales dropped almost 50%