The Pensions Bill Lumbered

This article was first published in Pensions World on 1 September 2016.

In a nutshell: 

• the new Pensions Bill, as well as covering money purchase schemes, the stronger regulation of master trusts and the introduction of a cap on early exit charges, will inevitably cover issues relating to final salary schemes
• many schemes across the country feel that they have been unfairly lumbered with continuing to pay generous revaluation and pension increases
• the Pensions Regulator is going to be given additional powers to authorise and supervise master trusts and intervene when necessary.