2007 No. 1012

Made23rd March 2007

Coming into force in accordance with article 1(2)

This Order is made in exercise of the powers conferred by sections 178(1) and 315(5) of the Pensions Act 20041.

In accordance with section 178(5) of that Act the Secretary of State has reviewed the general level of earnings obtaining in Great Britain during the period of 12 months ending with 31st July 20062 and it appears to him that the general level of earnings has increased by 3.8 per cent during that period3.

A draft of this instrument has been laid before Parliament in accordance with section 316(2)(f) of that Act and approved by a resolution of each House of Parliament.