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Pension Schemes (Conversion Of Guaranteed Minimum Pensions) Act 2022

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Explanatory Notes

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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The following notes give a brief overview of significant existing legislation that is referenced by this Act.
The Pensions Schemes Act 1993 is a consolidation Act that sets out various provisions in relation to classification of pension schemes, contracting out, early leavers (including preservation, revaluation and the right to take a transfer), the Pensions Ombudsman and other miscellaneous requirements.
The Pensions Act 2007 makes provision about pensions and other benefits payable to persons in connection with bereavement or by reference to pensionable age.
The Pension Schemes (Northern Ireland) Act 1993 and the Pensions Act (Northern Ireland) 2008 make mirroring provision for Northern Ireland.