Predictable - but pivotal Pensions Bill changes - what do they mean for you?

The Government’s new Pension Schemes Bill did not surprise many people when it was announced, covering an array of topics from past consultations. It addresses several DC issues, including decumulation, megafund consolidation, transfers and value for money. However, it will probably be a while before the proposed plans have an effect. The bill also creates greater flexibility for DB schemes to release £160bn in surplus, as well as introducing a statutory framework for superfunds. Read this article for a detailed look at the areas the bill covers, the other measures it plans to introduce,...