Pension and annuity changes at heart of Queen's Speech

clock

Sweeping pension and annuity reforms will be the centrepiece of the Queen's Speech later this morning.

The moves, announced in the Budget, will be announced to Parliament by the Queen at 11.30 am. David Cameron and Nick Clegg said the speech would be “unashamedly pro-work, pro-business and pro-aspiration”, Sky News reports. The two men also said the pension changes would provide “freedom and security in retirement”. The monarch’s address is the final speech before the next general election. Far reaching pension changes were announced in the Budget. George Osborne announced plans to allow savers to have complete freedom over their pension pots, removing the effective need to buy an...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Identification remains weakest link in vulnerability assessments

Identification remains weakest link in vulnerability assessments

'Relying on the adviser to spot the signs personally is unquestionably impractical'

Jonathan Barrett
clock 26 November 2024 • 4 min read
Advisers revisit processes after FCA's retirement income review

Advisers revisit processes after FCA's retirement income review

Thematic Review of Retirement Income Advice released in March

Jenna Brown
clock 16 September 2024 • 2 min read
Two firms declared in default by FSCS over pensions advice

Two firms declared in default by FSCS over pensions advice

Both Oakwood Financial Management and GO IFA are no longer trading

Isabel Baxter
clock 11 April 2024 • 1 min read