The King’s Speech – a pension expert responds

Following the King’s Speech, a pensions expert reacts to the omission of pensions from the speech.

 
Lily Megson, Policy Director at My Pension Expert said, “The exclusion of pensions from the King’s Speech is likely to leave many in the sector perplexed, prompting questions about the government’s commitment to essential pension reform. This will be unnerving for many pension planners, to say the least.
 
“With the general election drawing nearer, the government is running out of time to tackle the pressing, long-term issues affecting pensioners and individuals saving for retirement.
 
“Now, our hopes for much-needed pension reform will have to pivot towards the Chancellor’s Autumn Statement later this month. I certainly hope that it offers clear and decisive action to address the financial needs and expectations of pension planners.”