Queen's Speech - what does it mean for pensions and social care?

Social care consultation to go ahead

Hannah Godfrey
clock • 3 min read

The Brexit-heavy Queen's Speech failed to mention some of the Conservatives' more controversial policies from their election manifesto, such as the so-called 'dementia tax' and the scrapping of the triple lock. So what does it mean for pensions and social care?

The Queen's Speech answered few questions about the pensions landscape of the future when it was delivered at the state opening of parliament on 21 June. No information was given on the status of the triple lock, despite the Conservatives being the only party to campaign to reduce it to a double lock by 2020 in the run up to the snap general election earlier this month. State pension age and addressing intergenerational fairness were also not mentioned, neither were the previously proposed cuts to the money purchase annual allowance, which were shelved ahead of the election. Queen'...

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