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On 4 June 2014, The Queen set out the Government's future legislative plans at the State Opening of Parliament. As the Government enters its final year before the general election, it has sought to present this legislation package as a programme to “secure the recovery for our country”, putting strong emphasis on measures which are unashamedly pro-work, pro-business and pro-aspiration.
Arguably the headline measures of the speech revolve around reforms to the pension market. Two major Bills have been announced, one to give people greater freedom over how to access their Defined Contribution pension savings and the other to enable employers to establish pooled pension arrangements and encourage new “Defined Ambition” pensions. Other notable announcements include an Infrastructure Bill, which will reform planning law and open up acces...Read more from this release