Explanatory Notes

Pensions Act 2007

2007 CHAPTER 22

26 July 2007

Commentary on Sections

Schedule 5: Removal of Secretary of State’s role in approving actuarial guidance

Part 3: Personal Accounts Delivery Authority

Section 20: Personal Accounts Delivery Authority

365.Section 20 establishes as from the passing of the Act a body corporate called the ‘Personal Accounts Delivery Authority’ (the “Authority”) which is to have a remit covering the whole of Great Britain and Northern Ireland. The Authority is not a servant or agent of the Crown, and as such does not enjoy the associated status, immunity or privileges. The section also introduces Schedule 6, which contains provisions about the membership of the Authority and other matters.