January 12th – The House of Lords begin their detailed examination of the Pension Schemes Bill in committee stage.
“The Pension Schemes Bill will implement government commitments to reform private pensions. The government intends these reforms to improve outcomes for savers nd encourage pension schemes to invest in the UK economy”
But what about Pre-97 pensioners?
This bill is unlikely to imrove outcomes for Pre-97 pensioners. The Bill relies on the “Trustee in the driving seat”. That seat is already filled by the sponsoring company. The rules of the scheme and the UK law allow us to be ignored.