EXPLANATORY NOTE
(This note is not part of the Order)

This Order brings into force sections 75 (in so far as not already in force) and 76 of, and Schedule 1 (in so far as not already in force) to, the Pensions Act 2008 (c.30) (“the Act”) on 5th July 2010. Those provisions establish the National Employment Savings Trust Corporation and make provision for its constitution and functions. This Order also brings into force section 99 of the Act which is an interpretation provision.

A full Impact Assessment has not been produced for this Order as it has no impact on the private or voluntary sectors.