Latest news
The Pension (Automatic Enrolment) Regulations 2009: Government response to the consultation
24 September 2009
We are today publishing the Government response to the consultation: the Pensions (Automatic Enrolment) Regulation 2009, which we consulted on earlier this year (March-June 2009).
Consultation paper on Workplace Pension Reform: Completing the Picture
24 September 2009
The Government has today issued a consultation document in respect of regulations made using powers contained in the Pensions Act 2008. These regulations cover:
- how the duties will be introduced to support smooth delivery and help employers adjust to the reforms;
- elements of the employer duty requirements not covered in the consultation of March 2009, including pay reference periods, voluntary joining for individuals not eligible for automatic enrolment, re-enrolment of eligible individuals, and requirements on employers to maintain membership of a qualifying pension scheme;
- the quality requirements for pension schemes; and
- the compliance regulations.
This consultation will last until 5 November.
An impact assessment is published alongside this consultation document.
- Workplace Pension Reforms – Completing the Picture (1.09MB)
- Executive Summary of the Completing the Picture consultation (300KB)
- Impact Assessment of the Workplace Pension Reforms – Completing the Picture, Regulations 2010 (486KB)
Consultation paper on the use of Default Options in Workplace Personal Pensions and the use of Group Self Invested Personal Pensions for Automatic Enrolment
24 September 2009
We are consulting on draft guidance which relates to reforms introduced in the Pensions Act 2008:
- the use of default funds in Workplace Personal Pensions (WPPs) used for automatic enrolment; and
- the use of Group Self-Invested Personal Pensions (Group SIPPs) for automatic enrolment.
This consultation will last until 17 December.
State Pension Reforms – briefing pack for advisers
30 April 2009
This pack aims to support any adviser whose customers wish to understand how they may be affected by changes to State Pensions coming into effect from 6 April 2010. These changes will make State Pensions simpler, fairer and more widely available and will have wide-ranging effects.
Pensions consultation on draft scheme order and rules
28 April 2009
The Government issued a consultation paper today which sets out the proposals on the legal framework for the personal accounts scheme - the scheme order and rules.The personal accounts scheme is an integral part of the Government’s pension reform programme and will help millions of people save for retirement for the first time – many of whom will be on low to moderate incomes.This is a joint publication with the Personal Accounts Delivery Authority.
Consultation paper on Automatic Enrolment and to enable the Pensions Regulator to delegate certain compliance powers
12 March 2009
The Government issued a consultation paper today on the draft Pensions (Automatic Enrolment) Regulations 2009 made under Chapter 1 Part of the Pensions Act 2008 and the draft Pensions Regulator (Delegation of Powers) Regulations 2009 made under Part 5 of the Act. An impact assessment of Pensions (Automatic Enrolment) Regulations 2009 is published alongside this consultation document.
- Consultation on Draft Regulations - The Pensions (Automatic Enrolment) Regulations 2009 and The Pensions Regulator (Delegation of Powers) Regulations 2009 (349KB)
- Impact Assessment of Pensions (Automatic Enrolment) Regulations 2009 (107KB)
The Pension Act 2008
26 November 2008
The Pensions Act 2008 puts into law reforms to the private pension system aimed at encouraging people to build up a private pension income to supplement their basic State Pension in retirement. Most of the measures in the Act come into effect from 2012.
- Read the factsheet setting out the changes made in the Act (19KB)
- Read more about the changes in the Act
Consultation paper on risk sharing
5 June 2008
The Government is interested in seeking views on risk sharing within occupational
pension schemes and issued a consultation
paper (2MB) today.
An impact
assessment (76KB) was
published alongside the consultation
document.
The consultation period ends on 28 August 2008.
Consultation - The powers of the Pensions Regulator
25 April 2008
- Consultation - The powers of the Pensions Regulator - Amendments to the anti-avoidance measures in the Pensions Act 2004 (345KB)
- Ministerial statement on the proposed changes (28KB)
Consultation on enhancing the Pensions Regulators powers
14 April 2008
The Government has proposed changes to the Pensions Regulator's powers relating to occupational pension schemes, in order to increase protection for pension scheme members. A consultation document will be published shortly and any subsequent legislation will be introduced at the earliest opportunity.
Thoresen Review published
3 March 2008
Otto Thoresen has published the final report of his Review of Generic Financial Advice which explores a blueprint for a national money guidance service, so people can make better decisions about money issues, including pensions.
- Read the Thoresen Review (this link will take you to the HM Treasury website)
