The Queen’s Speech – the Pension Schemes Bill will be back

Commenting on the Bill, Claire Carey, partner at Sackers, said: “As expected, the Queen’s speech today confirmed that the Pension Schemes Bill will be back for consideration before Parliament.  Whilst we expect it to be largely resurrected in its previous (October 2019) form, a video released by the DWP today featuring the Parliamentary Under-Secretary of State for Pensions and Financial Inclusion, Guy Opperman, suggests that there will be some degree of refinement. It will be interesting to see whether this includes proposed criminal sanctions which, as originally drafted, could potentially capture a wider audience than the “reckless bosses who plunder people’s pension pots” to whom the Queen’s written speech refers.”

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