The King’s speech today for the opening of the new Parliament (following Rishi Sunak’s dissolution of Parliament before the General Election) was one of the longest since World War II and unveiled a near record 40 new Bills to be debated and made law by the new Labour government.
From nationalising the railways to giving the vote to 16-year-olds to National ID cards to a new Renters’ Rights Bill (replacing the Renters Reform Bill) with no-fault evictions banned and not un-reasonably preventing tenants having pets being reintroduced as well as banning rental bidding wars. It was far ranging and of particular interest to us, an unexpected new Pensions Bill given Labour had suggested in its manifesto there will be a much wider ranging review of the Pensions area, so a Bill in this Parliament was unexpected.
The Pension Bill
This included nothing new and looks to be merely a continuation of what the previous Conservative Government was planning:
Comment
Whilst unexpected, the new Pensions Bill is not all encompassing and is merely reinforcing plans of the previous government. That said, Labour has committed to getting Bills moving faster through Parliament, so results may be seen sooner rather than later.