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Welfare Reform and Pensions Act 1999

Background

An initial consultation paper on stakeholder pension schemes was published in November 1997. The Government’s detailed proposals were set out in the consultation paper A new contract for welfare: PARTNERSHIP IN PENSIONS (Cm 4179), published in December 1998.

A series of further consultation papers were published over the summer of 1999, covering the more detailed aspects of stakeholder pension schemes:

  • minimum standards (published 2 June);

  • employer access (29 June);

  • clearing arrangements (12 July);

  • governance arrangements (2 August);

  • regulation, advice and information (2 August); and

  • the tax regime (16 September).

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Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

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