Draft Order laid before Parliament under section 316(2)(s) of the Pensions Act 2004, for approval by resolution of each House of Parliament.
2008 No.
The Pension Protection Fund (Pension Compensation Cap) Order 2008
Made
Coming into force
This Order is made in exercise of the powers conferred by section 315(5) of, and paragraphs 26(7) and 27(2) and (3) of Schedule 7 to, the Pensions Act 20041.
On a review under section 148(2) of the Social Security Administration Act 19922, the Secretary of State concluded that the general level of earnings obtaining in Great Britain exceeds by 3.1% the general level at the end of the period taken into account for the last review under that section.
A draft of this instrument has been laid before Parliament in accordance with section 316(2)(s) of the Pensions Act 2004 and approved by a resolution of each House of Parliament.
Accordingly the Secretary of State for Work and Pensions makes the following Order: