Guide to the Pensions Act

United Kingdom
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All about the Pensions Act 2004 - in plain English

The pensions industry has come under a lot of scrutiny in recent years and the Pensions Act 2004, which received Royal Assent on 18 November 2004, represents the Government's attempt to provide a framework to restore confidence in pensions saving.

To help you get to grips with the Act and its implications for employers, trustees, professional advisers and members, we have produced a Plain English Guide to the Pensions Act 2004. Updated on an on-going basis, our Guide will allow you to keep track of the Regulations and Codes of Practice that will follow.

The Guide provides an analysis of all of the provisions of the Act, including:

  • the Pension Protection Fund
  • the New Pensions Regulator
  • the "moral hazard" provisions
  • the financial assistance scheme
  • increased duty of care for trustees
  • a replacement for the minimum funding requirement
  • protection for pension rights on business transfers

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You may find these links useful:

If you would like any further information on the Pensions Act 2004, please speak to either your usual contact in the pensions team or one of the following pensions partners: