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.

Pensions Act 2008[1]
Long titleAn Act to make provision relating to pensions; and for connected purposes.
Citation2008 c 30
Introduced byPeter Hain
Territorial extentUnited Kingdom
Dates
Royal assent26 November 2008
Status: Amended
History of passage through Parliament
Text of statute as originally enacted
Revised text of statute as amended

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
State pensions Acts
Private pensions Acts

Notes
  1. The citation of this Act by this short title is authorised by section 151 of this Act.

References
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