Industry welcomes 'blockbuster' Pension Schemes Bill

The bill, which will have its first reading in the House of Commons today, will introduce a series of measures for defined benefit (DB) and defined contribution (DC) schemes, as well as the Local Government Pension Scheme (LGPS). The Pensions Regulator CEO Nausicaa Delfas said the bill was a "once in a generation opportunity" to address "unfinished business" in the UK pensions system. She said: "Making sure all schemes are focused on delivering value for money (VfM), helping to stop small, and often forgotten pension pots forming, and guiding savers towards the right retirement produc...