UK. Queen’s Speech measures spark protests
There was no mention of automatic enrolment reform in the Queen’s Speech, but bills around local boycotts, online safety and a revamped audit and reporting framework will all impact the industry, experts have said.
Campaigners have promised to take to the streets to protest a bill aimed at tackling local boycott, divestment and sanctions campaigns by public bodies including the Local Government Pension Scheme.
Meanwhile, pensions minister Guy Opperman has promised that a consultation into a new value for money framework will be held this year, probably in November.
No room for auto-enrolment
It had been hoped that auto-enrolment reforms implementing the 2017 review proposals might find a place in the government’s headline legislative agenda, but mounting short-term challenges ranging from immigration to cost of living meant there was little room for pensions policy when Prince Charles delivered the Queen’s Speech on May 10.
Opperman has repeatedly declined to give a timetable for implementation, angering those who see lowering the age limit, abolishing the earnings trigger, and reducing the qualifying earnings limit as key to boosting savings.
It is understood that the government hopes to find time to look again at the 2017 review towards the middle of this decade.
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