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Kate Smith, Head of Pensions at Aegon, on next week’s Queen’s Speech (10th May) which marks the State Opening of Parliament and the beginning of a new parliamentary session. The speech will set out the programme of legislation that the Government intend to pursue in the forthcoming parliamentary session. Online Safety Bill to make its second year appearance in the Queen’s Speech. Pensions Bill a notable absence |
Kate Smith, Head of Pensions at Aegon, comments: “Next week’s Queen’s Speech will mark the state Opening of Parliament and outline the programme of legislation the Government intends to progress during the new parliamentary session. There may be a few surprises but one thing we know for sure is that the Online Safety Bill, which aims to protect people using the internet, will make its second year appearance, having been originally introduced last year. Bills are normally expected to take under a year to go through the process to coincide with parliamentary sessions but a considerable amount of scrutiny and amendments have caused delays. The good news is after intense calls from the pensions industry, the bill now includes fraudulent paid-for adverts, giving greater protection to people from financial scams.
Pensions Bill:
“A new Pension Bill could also include other consumer-friendly initiatives such as legislation to help address the exponential growth of small pension pots.” |
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