The new Pension Schemes Bill, highlighted in the King's Speech 2024, aims to facilitate DB and DC pension fund consolidation and productive investment. Key provisions include establishing commercial superfunds for DB consolidation, automatic consolidation of small DC pots, implementing value-for-money tests for trust-based DC schemes, and requiring DC schemes to offer retirement income solutions. It also streamlines the process for recovering overpayments and expands eligibility for lump sum pay