Despite an anticipated delay in the Pension Schemes Bill being debated in the House of Commons, Guy Opperman has confirmed he fully expects it to be law by the end of 2020.
Speaking at a Society of Pension Professionals online conference on Tuesday morning (15 September), the pensions and financial inclusion minister said there is no guarantee of any immediate take-up with a "golden rule" pecking order in parliament likely seeing the Bill take a back seat for now. Central to the bill - which was passed in the House of Lords on 15 July - is a strong focus on climate change, alongside much-anticipated changes to The Pension Regulator's powers, regulation around the pensions dashboard, new-style collective defined contribution schemes, and changes to defined ...
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