Make consequential changes to primary and secondary legislation as a result of provisions in the Pensions Acts 2007 and 2008.
Those acts provide for the abolition of contracting-out for occupational, personal and stakeholder pension schemes which contract out of the state additional pension on a defined contributions (or money purchase) basis, and the abolition of the rules governing contracted-out rights in such schemes known as “protected rights”. Together with the primary legislation, they remove the rules and references that relate to contracting-out on a defined contributions basis and protected rights and make some transitional provisions. Most rules and references will be removed from 6 April 2012. Some provisions will remain in place for a transitional period until 5 April 2015.
References to, and provisions which relate to, schemes which are contracted-out on a defined contribution basis are either omitted or, where appropriate, replaced with references to schemes which were contracted-out on that basis.
In force: 6 April 2012
