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Ministers prepare radical pension reforms

A radical shake-up of workplace pensions is set to be unveiled in the Queen's Speech this week, with supporters saying retirement incomes could be boosted by thousands of pounds.

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Queen's Speech: Fracking, childcare and redundancy pay

As pension reforms are set to be unveiled in the Queen's Speech this week, other legislation expected to be addressed includes:

  • A crackdown on highly paid civil servants and NHS executives receiving large redundancy pay-offs before taking similar jobs within a year.
  • Tax free childcare for families where both parents work, worth up to up to £2,000 per child.
  • An infrastructure and competitiveness Bill will change trespass laws to allow shale gas exploration firms to drill beneath private property without needing the owners' permission.
  • A "Recall Bill" allowing voters to sack their elected MPs if they are not up to the job is expected to be included, although it has been subject to disagreements inside the coalition.

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