Tomorrow we should see the next phase of the government's plans to reform financial services in the interests of consumers, when the Queen delivers her annual Opening of State Parliament speech.
This year, there are expected to be two key developments as the Pensions Bill and the Legal Services Bill are the starting blocks for the implementation of proposed changes. Most importantly, for example, it should signal the government’s intention to restoring the earnings link for the basic State pension, as well as proposals to raise the State pensions age to 68 by 2044 and introduce a ‘Delivery Authority’ for the national pensions savings scheme. In short, everything about pensions this industry has talked about for the last year and the contents of the DWP’s pensions white paper will...
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