Pensions Bill: State Pension Reforms And More

The Pensions Bill 2013 has been published. It does not contain any surprises but confirms matters previously announced including:

the abolition of contracting-out from April 2016; a framework for the automatic transfer of small pension pots; a new statutory objective for the Pensions Regulator to consider the long-term affordability of deficit repair contributions to sponsoring employers of pension schemes; the abolition of short service refunds from occupational MP schemes (from 2014); technical changes to the automatic enrolment regime; a regulation-making power to limit charges in...

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