• Source: 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


      Minimum employer contribution
      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
      National Insurance Act 1946
      Social Security Contributions and Benefits Act 1992 ([1])
      Private pensions Acts
      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
      E McGaughey, A Casebook on Labour Law (Hart 2019) ch 6(4)


      External links


      Department for 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      The Pensions Act 2008, as originally enacted from the National Archives.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.

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