Pensions Bill 2007-08

Act of Parliament

This Act is being prepared for publication.

• All Bill documents

Summary of the Bill

The Bill is the second part of the package of reforms to the UK pensions system set out in the May 2006 Pensions White Paper, Security in retirement: towards a new pension system. The first part of the reforms, taken forward by Pensions Act 2007, included reform of the state pension.

Key areas

• Proposes a duty on employers to automatically enrol jobholders into, and to contribute to, a qualifying workplace pension scheme
• Introduces the concept of personal accounts which are described as a 'simple, low-cost pension saving scheme' aimed at moderate to low earners who currently do not have access to a workplace pension scheme. This would be overseen by a Personal Accounts Delivery Authority
• Sets out a compliance regime for the new duties on employers.

Other measures relate to: the revaluation of deferred pensions, the additional state pension, pension credit, pension sharing on divorce or dissolution of civil partnership, the Pension Protection Fund and the Pensions Regulator.

Stay up to date

Keep up to date with the progress of Bills going through Parliament. Sign up for email alerts or use our RSS feeds.

• RSS feed for this Bill

Related information

Public Bill workshops

Want to learn more about engaging with Parliament’s scrutiny of legislation? The Houses of Parliament’s Outreach Service holds free regular workshops open to anyone interested in engaging with Public Bills.

Guide to the passage of a Bill

Find out what happens at each stage of a Public Bill’s journey through Parliament with the Passage of a Bill guide.

When does a Bill become law?

Explanation of what happens after Bills have been passed, and when laws may change.

Human rights