Guaranteed Minimum Pensions Increase Order 2013 comes into force

Implementation date: 6 April 2013

The order increases the percentage by which the guaranteed minimum pension element of an individual's pension attributable to earnings factors for the tax years 1988/89 to 1996/97 and payable by contracted-out, defined-benefit occupational pension schemes, by 2.2%. The order can be viewed on the UK legislation website.