Committee welcomes Pensions Bill in Queen's Speech
18 May 2016
The Work and Pensions Committee has been calling, with others, for new legislation to be brought forward to close the regulatory gaps in the pension market, and welcomes the Pensions Bill announced in the Queen's Speech.
Chair's comments
Chair of the Committee Frank Field MP said:
"The Pensions Bill announced in the Queen's Speech hits the bullseye. The Government has responded both immediately and constructively to the Committee's call for a new bill to prevent any money saved through auto-enrolment being stolen. My guess is that this will be the first of a series of pensions bills we will see in this parliament. But the Government could not have made a better start."
Background
- Frank Field, Chair of the Work and Pensions Committee, wrote to George Osborne on 4 May 2016 requesting a Pensions Bill
- Queen's Speech 2016: Further description of the Bill can be found on p30
Further information
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