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Pensions Act 2008

Act of Parliament

This bill passed all stages in both Houses and received Royal Assent.

Originated in CommonsCurrently in UnassignedUpdated 25 February 2009

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Long title

A Bill to make provision relating to pensions; and for connected purposes.

Summary

<p>The Bill is the second part of the package of reforms to the UK pensions system set out in the May 2006 Pensions White Paper, Security in retirement: towards a new pension system. The first part of the reforms, taken forward by Pensions Act 2007, included reform of the state pension.<br><br><strong>Key areas</strong></p><ul><li>Proposes a duty on employers to automatically enrol jobholders into, and to contribute to, a qualifying workplace pension scheme</li><li>Introduces the concept of personal accounts which are described as a 'simple, low-cost pension saving scheme' aimed at moderate to low earners who currently do not have access to a workplace pension scheme. This would be overseen by a Personal Accounts Delivery Authority</li><li>Sets out a compliance regime for the new duties on employers.</li></ul><p><br>Other measures relate to: the revaluation of deferred pensions, the additional state pension, pension credit, pension sharing on divorce or dissolution of civil partnership, the Pension Protection Fund and the Pensions Regulator.</p>

Progress through Parliament

  1. 1st reading· Commons

    5 December 2007 – 5 December 2007

  2. 2nd reading· Commons

    7 January 2008 – 7 January 2008

  3. Programme motion· Commons

    7 January 2008 – 7 January 2008

  4. Money resolution· Commons

    7 January 2008 – 7 January 2008

  5. Committee stage· Commons

    15 January 2008 – 21 February 2008

  6. Report stage· Commons

    22 April 2008 – 22 April 2008

  7. 3rd reading· Commons

    22 April 2008 – 22 April 2008

  8. 1st reading· Lords

    23 April 2008 – 23 April 2008

  9. 2nd reading· Lords

    3 June 2008 – 3 June 2008

  10. Committee stage· Lords

    17 June 2008 – 17 July 2008

  11. Report stage· Lords

    7 October 2008 – 29 October 2008

  12. 3rd reading· Lords

    19 November 2008 – 19 November 2008

  13. Programme motion· Commons

    25 November 2008 – 25 November 2008

  14. Consideration of Lords amendments· Commons

    25 November 2008 – 25 November 2008

  15. Royal Assent· Unassigned

    26 November 2008 – 26 November 2008

Source: UK Parliament Bills API. Bill ID: 220.