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

Aveni forms AI advisory board with wealth management leaders

Aveni forms AI advisory board with wealth management leaders

Senior execs from Aviva’s Succession Wealth, Schroders Personal Wealth, 7IM and Rathbones join forum

Sahar Nazir
clock 01 July 2025 • 2 min read
Majority of UK wealth management sector eyes acquisitions this year

Majority of UK wealth management sector eyes acquisitions this year

Continued appetite and momentum in M&A space

Isabel Baxter
clock 30 June 2025 • 3 min read
How can firms improve client engagement with wealth products?

How can firms improve client engagement with wealth products?

Consumer first focus; Simplifying prodcut information

James Wood
clock 30 June 2025 • 4 min read