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Pension Schemes Bill receives Royal Assent

The Pension Schemes Bill has received Royal Assent to become the Pension Schemes Act 2021. The Act increases protection for pension savers and progresses the government’s green agenda.

The main areas covered within the Act are stronger powers for the Pensions Regulator, a tougher DB funding regime, climate change issues, pensions dashboards and collective DC schemes. Not all matters will take immediate effect.

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