Statute raises state pension age faster and finalises auto-enrolment
The Pensions Bill gained Royal Assent late in 2011. Its principal provisions increase state pension age and offer new flexibility on auto-enrolment. It also makes a number of other changes, including to second-tier state pensions, the indexation of pensions, the Pensions Regulator's powers, payments out of scheme funds to employers and the definition of money purchase.
On this page:
State pension age
Changes to PUCODIs
Consolidation of second-tier pension
Indexation and revaluation for occupational schemes
Pension Protection Fund
Financial Assistance Scheme
Payments to employers
Contribution notices and financial support directions
Defining "money purchase"
No indemnification for civil penalties
Grants to advisory bodies
Service of documents
Table 1: Changes to state pension age.