Queen's speech scheduled for 14 October; pensions bill expected

A Queen's Speech will take place on 14 October, increasing the prospect of the long-awaited pensions bill being introduced before the UK is expected to leave the EU on 31 October.

Prime Minister Boris Johnson announced that the speech will occur once the suspension of parliament, approved by the Queen yesterday (28 August), has been completed.

Johnson said that the speech will see him outline his “very exciting agenda” and is expected to include the pensions bill.

In April 2019, Pensions Minister Guy Opperman confirmed that the bill would be included in the next speech, and later confirmed it would consist of legislation on the pensions dashboard, the DB white paper and collective defined contribution schemes.

Johnson added that the speech would include an agenda to tackle issues in infrastructure, the NHS, crime and the cost of living.

In July 2019, the pensions industry urged Johnson not to “neglect” domestic pensions policy changes in the UK.

Royal London pension specialist, Helen Morrissey, said: “While Boris’s in-tray is likely to be straining under the weight of Brexit related issues there’s a domestic agenda that has been in limbo for far too long.

“We call upon the Prime Minister to devote some time to pressing issues such social care funding and the pensions bill which will allow the industry to make much needed progress with initiatives such as the pensions dashboard.”

    Share Story:

Recent Stories

Risk transfer opportunities
Laura Blows speaks to Lisa Purdy, Head of Fiduciary Distribution at Legal & General Investment Management and Gavin Smith, Pricing and Execution Director - UK PRT at Legal & General, about the impact of the recent market volatility on the bulk annuity and risk transfer market and the potential opportunities for the future

Bulk annuities during coronavirus
Laura Blows speaks to Just business development manager Prash Mehta about the impact of coronavirus on transactions

Investing in infrastructure
Laura Blows speaks to James Dawes about how, and why, pension funds should be looking at infrastructure as an investment opportunity

Re-shaping the future of fiduciary management?
Pensions Age Editor, Laura Blows, speaks to River and Mercantile co-head, Ajeet Manjrekar, about the future of fiduciary management in the UK