A new collective defined contributions pension scheme, modelled on a system used in Holland, looks set to be announced as well as reforms outlined in the Budget.
The pension would allow workers to be able to pay into funds shared with potentially thousands of other members to reduce costs.
Supporters argue that pension incomes will be higher due to lower costs from running collective, rather than individual funds, but the scheme has critics, who believe the benefits are unproven and uncertain.
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Pensions are expected to be a key part of the Queen's Speech with moves to end the obligation to buy an annuity and to create more freedom in retirement income options, as outlined by the Chancellor in March, likely to play a prominent role.
The zombie phrase has been used in a number of national newspapers today, with the General Election looming in May 2015, but the Prime Minister aims to show the Government has not run out of steam, according to the Telegraph.
The historic ceremony to announce the government's legislative programme for the year ahead will take place just before about 11.30am.
•Check Financial Planner Online later this morning for more details as the announcements are made.