Commenting on the announcement of the resignation of the Prime Minister, Steve Webb, Director of Policy at Royal London said:
“There have been no votes in the Commons for over a month and there is now a risk of limbo until the Autumn. This would be a golden opportunity for MPs to consider a Pensions Bill which has support around the House of Commons. Measures such as implementing a pensions dashboard, improving automatic enrolment and enabling new forms of Collective pension schemes are not politically contentious. If MPs can agree on nothing else, making progress on pensions would be a good use of their time”.
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About Royal London
Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £130 billion, 8.8 million policies in force and 4,046 employees. Figures quoted are as at June 2019.
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