A pension schemes bill is set to be laid in parliament in the coming weeks after the government announced a wide-ranging suite of reforms in the Queen's Speech today.
The much-anticipated legislation includes plans to extend the powers of The Pensions Regulator (TPR) and introduce regulations for the pensions dashboard. Much of the content has been well-trailed and is derived from the government's defined benefit (DB) white paper, published last March, and a raft of consultations over the past two years. Announcing the government's plans in the House of Lords, the Queen said: "To help people plan for the future, measures will be brought forward to provide simpler oversight of pension savings. To protect people's savings for later life, new laws wil...
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