Second pensions bill expected in this parliament, says pensions minister

A "substantial" piece of legislation will be drawn up to provide a statutory footing for a superfund regulatory framework, he said, despite "competing forces" that will divide parliamentary attention. Speaking at the Pensions and Lifetime Savings Association (PLSA) annual conference yesterday (14 October), Opperman said defined benefit (DB) consolidator legislation would not be a "two-clause bill". "I do want to try to improve security for pension savers going forward," he said. "In lockdown, we spent a huge amount of time discussing [superfunds] on a weekly basis with the Pension Pro...