Queen's Speech 'missed opportunity' to tackle pension fraud

The Queen's Speech on 18 May revealed government plans to crack down on 'lightly regulated' master trusts, in an attempt to give workplace pensions savers more protection. A new Pensions Bill will enforce strict new criteria for master trusts to have to demonstrate before schemes can enter the market and accept funds. It will also cap provider exit charges, the speech's supporting documents showed. But providers have argued the government missed a trick in its omission of stricter controls for small self-administered schemes (SSAS), types of schemes often set up for company owners. ...