Pension Schemes Bill: Packed and primed for potential?

Last year, the King’s announcement of a Pension Schemes Bill suggested some potentially large changes to the industry. Today, those changes could be even bigger than expected. The Bill is expected to tackle DC decumulation, small pot consolidation and the FCA’s value for money framework. DB superfund legislation will also be addressed, alongside other measures that will bring issues to a close. Since then, other policy initiatives have emerged. Rules on DB surplus distribution, PPF levy restrictions, and the government’s Pensions Review could see the Bill make a bigger splash than expected....