Today Duncan spoke as part of the debate on the Pension Schemes Bill, which introduces widespread and long-overdue reforms to UK pensions.
Originally introduced in the Queen's Speech in October 2019, there have been some delays to the passage of the Bill owing to the urgent need to address the coronavirus situation. The government has already taken a leading global role in tackling climate change and reducing emissions. Measures introduced in the Bill - the first to mention climate change - will help protect the planet and contribute to long-term member outcomes.
The Bill also introduces long-awaited rules around pension dashboards, collective defined contribution schemes, and new powers for the Pensions Regulator - including a new criminal offence surrounding "wilful or grossly reckless behaviour" in relation to pension schemes, carrying a prison sentence of up to seven years for company bosses responsible.