Pensions Act 2008

The Pensions Act 2008 (c 30) is an Act of the Parliament of the United Kingdom. The principal change brought about by the Act is that all workers will have to opt out of an occupational pension plan of their employer, rather than opt in. A second change is the creation of a National Employment Savings Trust, a public pension provider for those who do not have an occupational pensions, which will function as a low-fee pension scheme in competition with existing funds.

Contents

The Pensions Bill 2011 working its way through Parliament makes a number of amendments to the Act, ahead of its due date to be brought into force in 2012.

See also

• Pensions in the United Kingdom
• National Employment Savings Trust
• Pensions in the United States
• Pension Protection Act of 2006, a law allowing (but not requiring) employers to automatically enrol employees into defined contribution schemes

State pensions Acts

• Widows ‘Orphans’ and Old Age Contributory Pensions Act 1925
• National Insurance Act 1946
• National Insurance Act 1965
• Social Security Contributions and Benefits Act 1992 ()

Private pensions Acts

• Superannuation and other Funds (Validation) Act 1992
• Pension Schemes Act 1993
• Pensions Act 1995
• Pensions Act 2004
• Pensions Act 2007

Notes

References

• 'All firms must offer pensions, government agrees' (27 October 2010) BBC News

External links

• Department of Work and Pensions explanatory page
• The Pensions Act 2008, as amended from the National Archives.
• The Pensions Act 2008, as originally enacted from the National Archives.
• Explanatory notes to the Pensions Act 2008.