- Latest available (Revised)
- Original (As enacted)
Pensions Act 2008, Section 87 is up to date with all changes known to be in force on or before 05 September 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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 legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
(1)The Welfare Reform and Pensions Act 1999 (c. 30) is amended as follows.
(2)Section 3 (duty of employers to facilitate access to stakeholder pension schemes) is amended as follows.
(3)In subsection (1), for “the requirements set out below” substitute “ the requirement in subsection (5) ”.
(4)After subsection (1) insert—
“(1A)A relevant employee, in relation to an employer, is an employee of the employer who, on the relevant date, satisfies the conditions in subsection (1B).
(1B)The conditions are that—
(a)the employee is a member of a stakeholder pension scheme;
(b)the employee made a request under subsection (5) before the relevant date and that request has not been withdrawn;
(c)the employee pays contributions (which are deducted in accordance with that request) to the scheme at regular intervals;
(d)at least one deduction has been made before the relevant date in accordance with that request.
(1C)A person ceases to be a relevant employee—
(a)on ceasing to be employed by the employer;
(b)on withdrawing a request under subsection (5);
(c)on ceasing to pay contributions at regular intervals.”
(5)Omit subsections (2) to (4).
(6)In subsection (5)—
(a)omit the word “fourth”;
(b)omit the words from “of his” to “qualifying scheme”;
(c)in paragraph (a), for “scheme” substitute “ stakeholder pension scheme ”.
(7)After subsection (5) insert—
“(5A)That requirement only applies in relation to a request to make deductions made before the relevant date (whether or not that request is varied after that date).”
(8)Omit subsection (6).
(9)In subsection (7), for “any of the requirements” substitute “ the requirement ”.
(10)In subsection (8)—
(a)for the words from “whether before” to “those purposes” substitute “ while subject to the requirement in subsection (5) ”;
(b)omit paragraph (a)(ii) and (iii).
(11)In subsection (9), after the definition of “employer” insert—
““relevant date” means the date on which section 87 of the Pensions Act 2008 comes into force.”
(12)In that subsection—
(a)omit the definition of “qualifying scheme”;
(b)omit the definition of “relevant employees”.
(13)In section 6 (application of certain enactments), omit subsections (1), (2) and (4).
(14)In section 8 (interpretation), in subsection (1), omit the definition of “designated scheme”.
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: