This tells me a lot about the pensions of politics.
Add to the supporters of the Conservative shadow DWP SOS , I have read articles in The Times, The Sun and social media from Pensions UK praising he work, this is deeply offensive to those of us who have valued pensions as an apolitical zone.
There is a lot to thank the Pension Schemes Bill for but if I were to pick two items that are at the bottom of the list, VFM and the pensions dashboard which are what any conservative can claim they are theirs.
The really hard stuff which will change our pots to pensions are the default retirement income from DC pots and small pot consolidation.
Add to that sections on DB surpluses, reform of LGPS and a super push for superfunds and the Pension Schemes Bill really makes a difference to a lot of people.
Of course not every institution , nor every peer is conservative. But let’s be clear, this “nonsense” as Torsten Bell called it, shows we will now have very different pension landscape, one that is unwelcomely political.
Let’s remember who it is we voted in and who is responsible for the Pension Schemes Bill. I did not vote Labour but I respect they are our Government and am pleased that I was at this gig this week.
Great morning at @PensionsAge’s conference. A huge reform agenda is underway to build a pensions system today’s workers can trust to deliver them decent retirement. My confidence it can be done is bolstered by the consensus across the industry & clear enthusiasm to make it happen https://t.co/y9wzSao7wa
— Torsten Bell (@TorstenBell) April 30, 2026
I will finish with an interesting interchange about my report on Bell’s “7 reasons to be pension perky” speech.
I will end this political article with what I feel is a touch of our pension minister’s flamboyance
