The introduction of a Pension Schemes Bill has been confirmed by the Labour government in the Kings’ Speech today (17 July).
Speaking at the 2024 state opening of parliament, King Charles said bills would be brought forward to "strengthen audit and corporate governance, alongside pension investment". This would be introduced in the form of a Draft Audit Reform Bill, and Corporate Governance Bill and a Pension Schemes Bill. Business as usual Lane Clark & Peacock partner and former pensions minister Steve Webb said the introduction of the bill represented "business as usual" for the pensions industry. He said: "There appears to be nothing in the legislation that so far represents a distinctively ‘Labour...
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