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House of Lords

Session 2007 - 08 Internet Publications Other Bills before Parliament

Pensions Bill

Pensions Bill
[AS AMENDED ON REPORT]
Contents
Part 1
Pension scheme membership for jobholders
Chapter 1
Employers’ duties
Jobholders
1    Jobholders
Employers’ duties
2    Continuity of scheme membership
3    Automatic enrolment
4    Postponement of automatic enrolment
5    Automatic re-enrolment
6    Timing of automatic re-enrolment
7    Jobholder’s right to opt in
8    Jobholder’s right to opt out
Duty in relation to workers without qualifying earnings
9    Workers without qualifying earnings
Supplementary provision about the duties
10    Information to be given to workers
11    Information to be given to the Pensions Regulator
12    Introduction of employers’ duties
Qualifying earnings
13    Qualifying earnings
14    Review of qualifying earnings band
15    Pay reference period
HL Bill 89                                                                                               54/3
Pensions Bill ii
Qualifying schemes and automatic enrolment schemes
16    Qualifying schemes
17    Automatic enrolment schemes
18    Occupational pension schemes
19    Personal pension schemes
Quality requirements
20    Quality requirement: UK money purchase schemes
21    Quality requirement: UK defined benefits schemes
22    Test scheme standard
23    Test scheme
24    Quality requirement: UK hybrid schemes
25    Quality requirement: non-UK occupational pension schemes
26    Quality requirement: UK personal pension schemes
27    Quality requirement: other personal pension schemes
Transitional
28    Transitional periods for money purchase and personal pension schemes
29    Transitional period for defined benefits and hybrid schemes
Miscellaneous
30    Effect of freezing order or assessment period
31    Power of trustees to modify by resolution
32    Deduction of contributions
Chapter 2
Compliance
Effect of failure to comply
33    Effect of failure to comply
Compliance notices and unpaid contributions notices
34    Compliance notices
35    Third party compliance notices
36    Unpaid contributions notices
37    Calculation and payment of contributions
38    Meaning of “relevant contributions”
Penalty notices
39    Fixed penalty notices
40    Escalating penalty notices
41    Penalty notices: recovery
Reviews and references
42    Review of notices
43    References to the Pensions Regulator Tribunal
Pensions Bill iii
Offences and monitoring
44    Offences of failing to comply
45    Offences by bodies corporate
46    Offences by partnerships and unincorporated associations
47    Offences of providing false or misleading information
48    Monitoring of employers’ payments to personal pension schemes
Chapter 3
Safeguards: employment and pre-employment
Prohibited recruitment conduct
49    Prohibited recruitment conduct
50    Compliance notices
51    Penalty notices
52    Review of notices and references to Pensions Regulator Tribunal
Inducements
53    Inducements
Protection of employment rights
54    The right not to suffer detriment
55    Enforcement of the right
56    Right of employee not to be unfairly dismissed
57    Restrictions on agreements to limit operation of this Part
Employment Appeal Tribunal
58    Employment Appeal Tribunal
Chapter 4
Supplementary provision about compliance and information-sharing
Records and information
59    Requirement to keep records
60    Powers to require information and to enter premises
61    Disclosure of tax information etc
62    Information for private pensions policy and retirement planning
63    Penalty for disclosure
Objectives of the Regulator
64    Objectives of the Regulator
Functions of the Pensions Ombudsman
65    Functions of the Pensions Ombudsman
Pensions Bill iv
Chapter 5
Duty to establish a pension scheme
Pension scheme
66    Duty to establish a pension scheme
67    Scheme orders: general
68    Consultation of members and employers
69    Contribution limits
70    Procedure for scheme orders
71    Procedure for rules
72    Application of enactments
Trustee corporation
73    Trustee corporation
74    Functions
75    Application of pension trustee legislation
Interpretation
76    Interpretation of Chapter
Chapter 6
Personal Accounts Delivery Authority
Functions
77    Functions
78    Principles
79    Directions and guidance
80    Finance
81    Disclosure of information by the Regulator
Constitution
82    Non-executive committee
83    Executive members
Winding up
84    Winding up of the Authority
Chapter 7
Stakeholder pension schemes
85    Stakeholder pension schemes
Pensions Bill v
Chapter 8
Application and interpretation
Workers
86    “Employer”, “worker” and related expressions
87    Agency workers
88    Directors
89    Crown employment
90    Armed forces
91    House of Lords staff
92    House of Commons staff
93    Police
94    Persons working on vessels
95    Persons in offshore employment
96    Extension of definition of worker
General
97    Interpretation of Part
Part 2
Simplification etc
Private pensions
98    Abolition of safeguarded rights
99    Revaluation of accrued benefits etc
State pensions etc
100    Consolidation of additional pension
101    Effect of entitlement to guaranteed minimum pension
102    Additional pension etc: minor and consequential amendments
103    State pension credit: extension of assessed income period for those aged 75 or
over
104    Contracting-out: abolition of all protected rights
Part 3
Pension compensation
Chapter 1
Pension compensation on divorce etc
105    Scope of mechanism
106    Interpretation
107    Activation of pension compensation sharing
108    Activation of pension compensation sharing: supplementary (Scotland)
109    Creation of pension compensation debits and credits
110    Cash equivalents
Pensions Bill vi
111    Reduction of compensation
112    Time for discharge of liability
113    “Implementation period”
114    Discharge of liability
115    Charges in respect of pension compensation sharing costs
116    Supply of information about pension compensation in relation to divorce etc
117    Supply of information about pension compensation sharing
118    Pension compensation sharing and attachment on divorce etc
Chapter 2
Other provision about pension compensation
119    Charges in respect of pension sharing etc
120    Amendments of Schedule 7 to the Pensions Act 2004
121    Consequential amendments
Part 4
Financial assistance scheme
122    Financial assistance scheme
123    Restriction on purchase of annuities
Part 5
Miscellaneous
Miscellaneous provision relating to pensions
124    Amendments of provisions of Pensions Act 2004 relating to contribution
notices or financial support directions
125    Pension sharing: power of Court of Session to extend time limits
126    Interest on late payment of levies
127    Payments to employers
128    Appointment of trustees
129    Intervention by Regulator where scheme’s technical provisions improperly
determined
130    Delegation of powers by the Regulator
131    Exclusion of transfers out in certain cases
State and official pensions
132    Additional Class 3 contributions
133    Additional Class 3 contributions (Northern Ireland)
134    Official pensions: adjustment of increases in survivors’ pensions
135    War pensions: effect of later marriage or civil partnership
136    Polish Resettlement Act 1947: effect of residence in Poland
137    Pre-1948 insurance affecting German pension entitlement
138    Pre-1948 insurance: supplementary
Information relating to state pension credit recipients
139    Disclosure of information relating to state pension credit recipients
Pensions Bill vii
Part 6
General
140    Orders and regulations
141    Orders and regulations: supplementary
142    Power to make further provision
143    Pre-consolidation amendments
144    General financial provisions
145    Repeals
146    Commencement
147    Extent
148    Short title
Schedule 1   —    The trustee corporation
Part 1   —
Members and employees
Part 2   —
Proceedings etc
Part 3   —
Money
Part 4   —
Supplementary
Schedule 2   —    Revaluation of accrued benefits etc
Part 1   —
Revaluation of accrued pension benefits
Part 2   —
Revaluation of accrued amounts etc
Part 3   —
Consequential amendments
Schedule 3   —    Consolidation of additional pension
Schedule 4   —    Additional pension etc: minor and consequential amendments
Schedule 5   —    Pension compensation payable on discharge of pension
compensation credit
Part 1   —
Introductory
Part 2   —
Transferee attains pension compensation age before or on
transfer day
Part 3   —
Transferee attains pension compensation age after transfer
day
Part 4   —
Provisions applicable irrespective of age of transferee on
transfer day
Schedule 6   —    Pension compensation on divorce etc: England and Wales
Part 1   —
Amendments of the Matrimonial Causes Act 1973
Part 2   —
Amendments of the Matrimonial and Family Proceedings Act
1984
Part 3   —
Amendments of the Civil Partnership Act 2004
Schedule 7   —    Pension compensation on divorce etc: Scotland
Schedule 8   —    Amendments of Schedule 7 to the Pensions Act 2004
Schedule 9   —    Contribution notices and financial support directions under
Pensions Act 2004
Schedule 10   —    Interest on late payment of levies
Schedule 11   —    Repeals
Part 1   —
Pension scheme membership for jobholders
Part 2   —
Safeguarded rights
Part 3   —
Contracting-out: abolition of all protected rights
Part 4   —
Pension compensation
Part 5   —
Financial assistance scheme
Part 6   —
Miscellaneous

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