Queen's Speech - what does it mean for pensions and social care?

Social care consultation to go ahead

Hannah Godfrey
clock • 3 min read

The Brexit-heavy Queen's Speech failed to mention some of the Conservatives' more controversial policies from their election manifesto, such as the so-called 'dementia tax' and the scrapping of the triple lock. So what does it mean for pensions and social care?

The Queen's Speech answered few questions about the pensions landscape of the future when it was delivered at the state opening of parliament on 21 June. No information was given on the status of the triple lock, despite the Conservatives being the only party to campaign to reduce it to a double lock by 2020 in the run up to the snap general election earlier this month. State pension age and addressing intergenerational fairness were also not mentioned, neither were the previously proposed cuts to the money purchase annual allowance, which were shelved ahead of the election. Queen'...

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 Your profession

Sector divided on Reeves' pullback on Cash ISA reform

Sector divided on Reeves' pullback on Cash ISA reform

‘A big win for defenders of a broken system’

Sorin Dojan
clock 11 July 2025 • 2 min read
FCA flags progress on internal DEI targets and urges action on Consumer Duty

FCA flags progress on internal DEI targets and urges action on Consumer Duty

According to the FCA report 2024-2025

Sahar Nazir
clock 11 July 2025 • 2 min read
FCA reviewing client categorisation rules to distinguish retail investors from the pack

FCA reviewing client categorisation rules to distinguish retail investors from the pack

Goal of 40 more initiatives to be completed by year end

Eve Maddock-Jones
clock 10 July 2025 • 2 min read