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The Pensions Act 2004 was written to try to fix these deficiences. The Act introduced two new regulatory institutions: the Pensions Regulator , with the powers to require sponsoring companies to make contributions to ensure that scheme funding objectives are met; and the Pension Protection Fund , which would inherit the pension liabilities of a ...
The measures were introduced as part of the UK government's Finance Act 2004. The new regime introduced considerable freedom in the tax relievable contributions for pension schemes and the assets in which they may be invested. It was a significant change to the UK pension system at that time. [1]
Following the passage of the Old Age Pensions Act 1908 a pension of 5/— per week (£0.25, equivalent, using the Consumer Price Index, to £33 in 2023), [2] or 7/6 per week (£0.38, equivalent to £49/week in 2023) for a married couple, was payable to persons with an income below £21 per annum (equivalent to £2800 in 2023); the qualifying ...
The Pensions Regulator (TPR) is a non-departmental public body which regulates work-based pension schemes in the United Kingdom. Created under the Pensions Act 2004, the regulator replaced the Occupational Pensions Regulatory Authority (OPRA) from 6 April 2005 [1] and has wider powers and a new proactive and risk-based approach to regulation.
The Pension Protection Fund (PPF) is a statutory corporation, set up by the Pensions Act 2004, and has been protecting members of eligible defined benefit (DB) pension schemes across the United Kingdom since 2005. It protects close to 10 million members belonging to more than 5,200 pension schemes across the UK.
File:The Pensions Act 2004 (Commencement No. 4 and Amendment) Order 2005 (UKSI 2005-1108).pdf. Add languages. Page contents not supported in other languages.
Scottish Parliamentary Pensions Act 2009; Self-invested personal pension; Small Self Administered Scheme; Social Security Contributions and Benefits Act 1992; Stakeholder pension scheme; State Earnings-Related Pension Scheme; State Pension (United Kingdom) State Second Pension; Superannuation Act 1834; Superannuation Act 2010
Pensions Act may refer to Pensions Act 1995, an Act of the Parliament of the United Kingdom; Pensions Act 2004, an Act of the Parliament of the United Kingdom;