Pensions Act 2008

Pensions Act 2008^[1]

Parliament of the United Kingdom
Long title	An Act to make provision relating to pensions; and for connected purposes.
Citation	2008 c 30
Introduced by	Peter Hain
Territorial extent	United Kingdom
Dates
Royal assent	26 November 2008
Status: Amended
History of passage through Parliament
Text of statute as originally enacted
Revised text of statute as amended

The Pensions Act 2008 (c 30) is an Act of the Parliament of the United Kingdom. The principal change brought about by the Act is that all workers will have to opt out of an occupational pension plan of their employer, rather than opt in. A second change is the creation of a National Employment Savings Trust, a public pension provider for those who do not have an occupational pensions, which will function as a low-fee pension scheme in competition with existing funds.