Reflecting on a week of progress and promise

Last week marked a significant milestone for the pensions industry with the publication of the Pension Schemes Bill. This important piece of legislation lays the groundwork for the long-term future of our sector, offering a clearer path forward and reinforcing our shared commitment to improving outcomes for savers.

The Bill covers some areas which are relevant to our work including provisions which would give us the flexibility to further reduce the levy.

I had the opportunity to reflect on the Government’s pensions agenda at two major industry events that underscored the momentum building across the industry.

As Chair of the International Centre for Pension Management (ICPM), I was honoured to welcome more than 100 global peers to our June Discussion Forum in London. Across the two days of discussion, we spoke about how the UK can learn from global success in transforming pension institutions into asset owners – and the scale, size, sophistication, and long-term focus needed to drive real economic value.

Later in the week, I was pleased to join our Chair, Kate Jones, for a fireside discussion at the Pensions Management Institute’s (PMI) Annual Conference. We explored the evolution and growing ambition of the PPF, sharing our vision for its future role in the UK pensions landscape. We outlined how the PPF can continue to deliver for the members we protect, while also investing in the economy, while backing critical infrastructure projects, and serving as a vital backstop for millions of people.

It was a big week, full of progress and promise. As the legislation progresses through Parliament and the policy landscape continues to evolve, I am proud of the role that the PPF is playing at working to shape a resilient, sustainable future for pensions in the UK.