A raft of consultations and draft regulations will greet the industry over the coming weeks and months, the pensions and financial inclusion minister confirms.
In the run-up to Christmas, the Department for Work and Pensions (DWP) will issue consultations on new measures, as well as provide updates on work started earlier in the year.
Speaking at the Pensions and Lifetime Savings Association's (PLSA) annual conference on 19 October, Guy Opperman MP said he has "a very busy period of time up to Christmas".
"Going forward, I'm pleased to come into this role at a time when there is a great deal of consensus on strategy for pension reform," he added. "I also fully understand the long time horizons involved in pensions. It is clearly a long-term game so we need a well thought-out approach built on solid evidence."
Draft regulations for The Pensions Regulator's (TPR) master trust authorisation and supervision regime, which was promised in the Pension Schemes Act 2017, are expected to be consulted on before Christmas, before coming into effect next October.
Meanwhile, the DWP will also consult "very shortly" on charge caps and transparency in defined contribution schemes, Opperman confirmed, while a separate consultation on disclosure of costs and charges to DC members will be published "in due course".
The department will also respond to a number of consultations it has issued over the past 12 months.
Opperman said he expects to report to Parliament on the much anticipated review of auto-enrolment (AE) - which is covering areas around engagement, coverage and contributions - in the week beginning 4 December.
He added the DWP was also taking over the governmental lead on the dashboard project, and that he expected to provide an update next Spring.
Meanwhile, the department has also promised to issue its white paper on defined benefit (DB) security and sustainability late winter and by the end of February.
It will also set out its final views on allowing bulk DC transfers without members' consent, which it consulted on last December "in the next few weeks".
Finally, the Financial Guidance and Claims Bill - which includes provisions to merge The Pensions Advisory Service, Money Advice Service, and Pension Wise into a single financial guidance body - is expected to receive Royal Assent in spring.
Despite all of the work, however, it may be difficult for pensions legislation to receive parliamentary time. A senior DWP civil servant also told the conference that it would be unlikely for any measures from the DB white paper to be legislated for before the 2020s.
Meanwhile, Opperman said eagerly anticipated measures to tackle scammers, particularly by introduction of a ban on cold-calling, would only be legislated for "as soon as parliamentary time allows".
The minister also told the conference the industry needs to "evangelise pensions and savings" as one voice.
The Pensions Regulator (TPR) has substantially increased the usage of its powers against trustees – posting a sharp rise in the use of formal information gathering powers and High Court production orders during the three months to the end of September....
The Pension Schemes Bill has completed its third reading, crossing its latest hurdle in the House of Commons.
An amendment to the Pensions Schemes Bill which would have seen people given a pre-booked Pension Wise appointment ahead of accessing their retirement savings has been defeated.
A proposal to ensure savers receive a Pension Wise appointment prior to accessing their retirement pot has received cross-party support in parliament, while Labour seeks net-zero pensions by 2050.
Pension scams are not just about the money lost, but the lives devastated, says Nicola Parish, so the industry must unite to defeat this scourge.