“This includes necessary legislation to require schemes to provide more support to savers at retirement, to grant TPR wind-up powers required under the proposed value for money framework, and for the creation of the DB superfunds regime,” he said.
“If the government is serious about significantly improving the retirement incomes of today’s workers, a pensions bill should also set a timeline for gradually increasing minimum automatic enrolment contributions from the current level of 8 per cent of a band of earnings to 12 per cent of total earnings.”
Housing
The government has also previously committed to reforming England’s housing planning system and said it wants to introduce mandatory housing targets.
In its manifesto, Labour pledged to ban no-fault evictions and called out the previous Conservative government for failing to pass its renters reform bill before the election.
Iain Snedden, senior investment specialist at Aegon Asset Management, said: “Two areas that have been well signposted are housing and clean energy and we would expect stocks with exposure to these to benefit in the coming months.
“Labour campaigned heavily on housing, pledging to overhaul the planning system that has stymied homebuilding numbers.
"With a target of 1.5mn homes to be built in England over the parliament, this is a clear positive for housebuilders, as well as related stocks like Genuit and Volution, which focus on the movement of water and air through buildings, and builders merchants.”
amy.austin@ft.com
