Are you ready for the Pensions Act 2004?

Key provisions of the Pensions Act 2004, including the creation of a new Pensions Regulator and a Pension Protection Fund, will come into force on 6 April 2005.

The Act also introduces for the first time minimum levels of pension protection for private sector employees involved in TUPE transfers.

The genesis of many of the new requirements was in Alan Pickering's report calling for simplification, yet many of the changes make pensions trustees' roles more onerous.

In the second of two guidance features on the Pensions Act 2004, IRS journal Occupational Pensions concentrates on those measures intended to enhance the security of members' pensions, cross-border pension provision, financial planning initiatives, the Pensions Ombudsman and changes being made to state pensions.

  • Pensions Act 2004 (part two)- Measures to enhance member security central to reforms    From IRS journal Occupational Pensions.

  • Pensions Act 2004 (part one)- Plus ca change: onus lands on trustees  The first part, published in January 2005, concentrates on those changes being introduced that generally require trustees, employers, or both, to implement them
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    Also

    Parliament approves new pensions legislation    HR & Compliance Centre presents a range of article links covering the Pensions Act and its implications for employers

    Pensions: the basics   HR & Compliance Centre's employment law reference manual provides legal guidance on pensions.