Delighted to be re-appointed by the PM as Minister for Pensions + Financial Inclusion.
We’ve already achieved a lot, but there is lots more to crack on with.
Top priorities are the #PensionSchemesBill thru @HouseofCommons
+ continuing progress on #ESG
Our Bill will reach @HouseofCommons around Easter + will
👉 Introduce Pensions Dashboard so you can see all pension pots in one place
👉 Require schemes to take account of climate risks + disclose investment chain
👉 Establish #CDC's
👉 Give the Regulator enhanced powers 2/
At the same time we continue to
-support the savings revolution that is #AutomaticEnrolment
-There are now over 10.5 million people in the UK saving 8% a year, with thanks to the over 1.5 million employers big and small who support their staff with #AE contributions 3/
And much more to do besides, including
- creating #simplerstatements
- press ahead with consolidation, illiquid investments and #superfunds
- tackle #financialinclusion + the need for rainy day money with sidecar savings and other products
- expand the #MidLifeMOT 4/
But the biggest project of all is driving through the #ESG changes in the #CityofLondon + worldwide:
⏩ harnessing £1.6 Trillion of UK occupational pensions to address #climaterisk + creating disclosure will be game changing. Full explanation below ⬇️
https://t.co/uZDNEueLX2
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