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, protected rights are either omitted, or where appropriate, replaced with references to protected rights as they existed prior to the abolition date.
In force: 6 April 2012
