Pensions Act 2014 impact assessment: annex K: other measures in the Pensions Act 2014

Document type
Impact Assessment
Corporate author(s)
Great Britain. Department for Work and Pensions
Publisher
DWP
Date of publication
1 May 2014
Subject(s)
Poverty Alleviation Welfare Benefits and Financial Inclusion
Collection
Social welfare
Material type
Reports

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The Pensions Act 2014 contains a number of measures which do not introduce significant costs or benefits to the private sector or civil society organisations, or to the public sector over the cost threshold. Therefore individual impact assessments of these measures have not been carried out. These measures are summarised within this document and are: option to boost old retirement pensions (section 25 & Schedule 15); periodic review of rules about pensionable age (section 27); power to prohibit offer of incentives to transfer pension rights (sections 34 & 35); automatic re-enrolment: exceptions where automatic enrolment deferred (section 37); automatic enrolment: powers to create general exceptions (section 38); alternative quality requirements for UK defined benefits schemes (section 39); automatic enrolment: transitional period for hybrid schemes (section 40); penalty notices under sections 40 and 41 of the Pensions Act 2008 etc (section 41); unpaid scheme contributions (section 42); power to require pension levies to be paid in respect of past periods (section 45); prohibition and suspension orders: directors of corporate trustees (section 46 & Schedule 19); preparation of guidance for pensions illustrations (section 47); pensions Regulator’s objectives (section 48); and public service pension schemes: transitional arrangements (section 52).