Plans for giant "pooled" pension schemes with the potential to boost people's chances of getting a better retirement outcome have been unveiled in the Queen's Speech. The legislation will enable "collective schemes" that spreads risk between members.
The Unite union has accused the Government of "skirting around the big issues facing the UK" in the coalition's legislative programme announced in the Queen’s Speech.
It welcomed initiatives to crackdown on bosses that don’t pay the national minimum wage, pensions, tax-free childcare, tackling ‘modern slavery’ and infrastructure.
However, it said that "the devil was in the detail" and there was no guarantee they would be implemented before next May’s election.
A loud thud could be heard in the House of Lords as the child fainted at around eight minutes and 53 seconds into the Queen's Speech.
The Queen has delivered her speech to Parliament setting out the Coalition Government's agenda for the next year - but does it affect you?
The new Diamond Jubilee state coach will be used for the first time by Queen Elizabeth II during the state opening of Parliament tomorrow.