PLSA welcomes Pension Schemes Bill in King's Speech

Nigel Peaple, Director of Policy and Advocacy at the PLSA, said: “We are pleased to see a pensions bill in the King’s Speech. No time has been wasted in bringing forward existing regulatory initiatives that already have the backing of industry and will improve the retirement outcomes of savers.

“Particularly welcome are the measures to require schemes to offer decumulation solutions, and the creation of DB Superfunds – both key recommendations of the PLSA. It’s good to see a way forward for small pots and the value for money framework being prioritised too.

“The National Wealth Fund Bill should also provide pension schemes with a viable vehicle to invest in exciting growth areas.

“The announced Employment Bill should also bring more people into automatic enrolment and ensure better pension provision for lower earners.

“We look forward to working with the Government as it develops its proposals and brings this legislation forward.”

Mark Smith, Head of Media Relations
020 7601 1726 | [email protected]

Cali Sullivan, PR Manager
020 7601 1761 | [email protected]