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Pensions Act 1995 is up to date with all changes known to be in force on or before 11 September 2024. There are changes that may be brought into force at a future date.
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the affected provisions when you open the content using the Table of Contents below.
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
126. Equalisation of pensionable age and of entitlement to certain benefits and increase in pensionable age.
127. Enhancement of additional pension, etc. where family credit or disability working allowance paid.
130. Up-rating of pensions increased under section 52 of the Social Security Contributions and Benefits Act.
Part III Certification of pension schemes and effects on members’ state scheme rights and duties
Part IV Miscellaneous and General
SCHEDULES
Occupational Pensions Regulatory Authority
Amendments consequential on Part I
The Employment Protection (Consolidation) Act 1978 (c.44)
1.The Employment Protection (Consolidation) Act 1978 is amended as follows....
2.In section 60A(4) (dismissal on grounds of assertion of statutory...
3.In section 71(2B) (compensation award for failure to comply with...
5.In section 73(6B) (calculation of basic award), at the end...
6.In section 77(1) (interim relief), after “57A (1)(a) and (b)”...
7.In section 77A(1) (procedure on application for interim relief), after...
8.In section 133(1) (conciliation officers), after paragraph (e) there is...
9.In section 136(1) (appeals to Employment Appeal Tribunal), after paragraph...
10.In section 138 (application of Act to Crown employment), in...
The Pension Schemes Act 1993 (c.48)
23.In section 6 (registration)— (a) after subsection (5) there is...
24.Sections 77 to 80 (assignment, forfeiture etc. of short service...
25.Sections 102 to 108 (annual increase in pensions in payment)...
26.Section 112 (restriction on investment in employer-related assets) is repealed....
31.In section 129 (overriding requirements)— (a) in subsection (1), “...
32.In section 132 (conformity of schemes with requirements), “ the...
34.In section 134 (determination of questions)— (a) in subsection (3),...
35.In section 136(2)(e)(iv) (applications to modify schemes), “ or the...
36.In section 139(2) (functions of the Board), “ the equal...
37.In section 140(4) (effect of orders), paragraph (c) and the...
38.Section 144 (deficiencies in assets on winding up) is repealed....
40.In section 154(1) (application of provisions to personal pension schemes),...
41.In section 159 (inalienability of certain pensions), after subsection (4)...
42.In section 170 (determination of questions by Secretary of State),...
43.In section 178 (meaning of “trustee” and “manager”) in paragraph...
44.In section 181 (general interpretation)— (a) in subsection (1)—
46.In section 185(1) (consultation about regulations), “ I or ”...
47.In Schedule 7 (re-enactment or amendment of certain provisions not...
Equalisation of and increase in pensionable age for men and women
Part II Entitlement to certain pension and other benefits
Part III Consequential amendments
9.In section 50 of the London Regional Transport Act 1984...
10.In section 93 of the Transport Act 1985 (travel concessions),...
11.In section 73B(2)(b)(ii) of the Housing (Scotland) Act 1987 (rent...
13.In the Social Security Contributions and Benefits Act 1992—
14.In section 191 of the Social Security Administration Act 1992...
16.For section 49 of the Pension Schemes Act 1993 (married...
17.In section 181(1) of that Act (interpretation), for the definition...
Amendments relating to Part III
The Northern Ireland Assembly Disqualification Act 1975 (c. 25)
The Social Security Contributions and Benefits Act 1992 (c. 4)
The Pension Schemes Act 1993 (c. 48)
19.Sections 2 to 5 (constitution, membership etc. of the Board)...
20.For section 6(8) (Board may be appointed as Registrar), there...
23.In section 8 (definition of terms)— (a) in subsection (2),...
24.In section 9 (requirements for certification), in subsection (3) “...
25.In section 10 (protected rights), in subsection (2)(a), after “minimum...
26.In section 13 (minimum pensions for earners), in subsection (2)(a),...
27.In section 14 (earner’s guaranteed minimum)— (a) subsection (3) is...
29.In section 17 (minimum pensions for widows and widowers), at...
31.In section 23 (securing of benefits)– (a) subsections (1) and...
34.In section 28 (ways of giving effect to protected rights)—...
35.In section 29 (the pension and annuity requirements), in subsection...
38.Sections 35 (surrender, etc. issue of further certificates) and 36...
39.For section 37 (alteration of rules of contracted-out schemes) there...
40.In section 38 (alteration of rules of appropriate schemes)—
41.In section 42 (review of reduced rates of contributions), in...
42.In section 43 (payment of minimum contributions), in subsection (1),...
43.In section 45 (minimum contributions towards personal pension schemes), subsection...
44.In section 46(1) (effect of entitlement to guaranteed minimum pensions...
45.In section 50 (powers to approve arrangements for scheme ceasing...
46.In section 51 (calculation of GMPs preserved under approved arrangements),...
47.In section 52 (supervision of schemes which have ceased to...
48.In section 53 (supervision: former contracted-out schemes)—
49.In section 54 (supervision: former appropriate personal pension schemes)—
50.In section 55 (state scheme premiums), subsections (1) and (3)...
52.In section 58 (amount of premiums under section 55), subsections...
53.Section 59 (alternative basis for revaluation) is repealed.
54.In section 60 (effect of payment of premiums on rights)—...
55.In section 61 (deduction of contributions equivalent premium from refund...
57.In section 63 (further provisions concerning calculations relating to premiums)—...
61.In sections 67 and 68 (non-payment of state scheme premiums),...
62.In section 84(5), paragraph (b) and the preceding “or” are...
63.In section 96 (right to cash equivalent: exercise of options)—...
64.Sections 133 to 135 (advice and determinations as to conformity...
65.In section 155 (requirement to give information to the Secretary...
66.In section 158 (disclosure of information between government departments)—
67.In section 164(1)(b)(i) (Crown employment), “2 to 5”, “172, 173”...
68.In section 165 (application of certain provisions to case with...
69.In section 166(5) (reciprocity with other countries), “sections 2 to...
70.In section 170 (determinations by the Secretary of State)—
71.In section 171 (questions arising in proceedings), in subsection (1)(b),...
73.In section 174 (grants), for “Board” (in both places) there...
74.In section 176 (fees), for “either by the Secretary of...
75.In section 177 (general financial arrangements)— (a) in subsection (3)(b)—...
76.In section 178(b) (meaning of “trustee” and “manager”), “sections 2...
77.In section 181 (general interpretation)— (a) in subsection (1)—
78.In section 182(1) (orders and regulations), “ the Board or...
79.In section 183 (sub-delegation), in subsection (1), “sections 2 to...
80.In section 185 (consultation about regulations)— (a) in subsection (1),...
81.In section 186(5) (Parliamentary control of regulations and orders), “...
82.In section 192(2) (extent), for “sections 1 to 5” there...
83.Schedule 1 (the Occupational Pensions Board) is repealed.
84.In Schedule 2 (certification regulations)— (a) in paragraph 2(1), for...
85.In Schedule 4 (priority in bankruptcy), in paragraph 3(1), for...
86.In Schedule 6 (transitional provisions and savings), paragraph 11 is...
General minor and consequential amendments
The Pension Schemes Act 1993 (c. 48)
3.In section 95(1) (ways of taking right to cash equivalent),...
6.In section 99 (trustee’s duties after exercise of an option...
7.In section 145 (Pensions Ombudsman), in subsection (5) “ with...
8.In section 151(5)(b) (enforcement in Scotland of Pensions Ombudsman’s determinations),...
9.After section 158 there is inserted— Other disclosures by the...
10.In section 164(1)(b)(i) (Crown employment), the words from “136” to...
11.In section 166(5) (reciprocity with other countries), the words from...
12.In section 177 (general financial arrangements), in subsection (3)(b)(i), the...
13.In section 178 (meaning of “trustee” and “manager”), in paragraph...
14.In section 181 (general interpretation), in subsection (3), the words...
15.In section 183 (sub-delegation)— (a) in subsection (1), the words...
16.(1) Schedule 9 (transitory modifications) is amended as follows.
The repeal in the Pensions (Increase) Act 1971 shall come...
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