Media statement on the announcement of a Pensions Bill in the King's Speech
Rory Marsh, Customer Life Stage Director at Royal London:
"The Pensions Scheme Bill announced as part of today’s King’s Speech is largely a continuation of changes that were already underway. What will be key is the Government’s promised pensions review. This review must focus on building on the success of automatic enrolment, as this will have the greatest impact on people’s retirement outcomes and support the level of investment available to finance UK economic growth."
For further information please contact:
Patricia Corrigan, PR Manager
About Royal London
Royal London is the largest mutual life, pensions and investment company in the UK, and in the top 30 mutuals globally*, with assets under management of £169 billion, 8.5 million policies in force and over 4,400 employees. Figures quoted are as at 30 June 2024. Learn more at royallondon.com.
*Based on total 2022 premium income. ICMIF Global 500, 2024