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ARTICLE · 02 JUNE 2016

Pensions And The Queen's Speech 2016

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Pensions feature once again in the Government's legislative programme for this Parliamentary session.

United KingdomEmployment and HR

Pensions feature once again in the Government's legislative programme for this Parliamentary session. However, the list of issues included in the proposed Pensions Bill (important as they may be) does not include the one issue that probably should be there.

What's going to be in the Pensions Bill?

The Government's proposals are limited to:

  • Master trust regulation, which appears to be a bee in the Pensions Regulator's bonnet. The Government will introduce strict new criteria to set up a new master trust (a type of scheme offered to multiple employers who rely on a third party to do most of the work) and the Pensions Regulator will have more powers to supervise those that make it through the hoops.

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