UK Act of Parliament 1993 United Kingdom

Pension Schemes Act 1993

Enforced by
TPR
Status
Amended (in force with amendments)
Penalty ceiling
Prosecution 1 of 11 obligations carry an unlimited fine. 10 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Trustee6 Any Person2 Responsible Person1 Employer1

Plus 1 duty on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Trustee — also bound by 104 other Acts
Any Person — also bound by 2340 other Acts
Responsible Person — also bound by 108 other Acts
Employer — also bound by 682 other Acts

What it requires

Sections creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

Preliminary

0 of 1 section shown
1 other section in this Part — procedural and definitional
Part 2

Administration

0 of 5 sections shown
Part 3

Schemes that were contracted-out etc and Effects on Members’ State Scheme Rights ...

2 of 92 sections shown
s.017 Minimum pensions for widows and widowers. (opens in a new tab) Regulated
  • Provide guaranteed minimum pensions for widows, widowers and surviving civil partnersTrustee
s.024 Procedural requirements Regulated
  • Relevant persons must consent to GMP conversion in advanceResponsible Person
90 other sections in this Part — procedural and definitional
s.007 Meaning of “the first abolition date” and “the second abolition date”
s.007 Meaning of “contracted-out scheme” and “appropriate scheme” etc.
s.012 The statutory standard
s.012 Reference scheme
s.012 Transfer, commutation, etc
s.012 Entitlement to benefit
s.012 Former salary related contracted-out schemes to comply with GMP requirements
s.015 Reduction of guaranteed minimum in consequence of pension debit.
s.024 Conversion of guaranteed minimum pension into other benefits: introduction
s.024 The conversion conditions
s.024 Actuarial equivalence
s.024 Survivors' benefits
s.024 Transfer out
s.024 Powers to amend schemes
s.024 Enforcement of GMP conversion conditions
s.025 Requirements for schemes with members with protected rights
s.027 Requirements in relation to giving effect to protected rights
s.028 Requirements for interim arrangements
s.028 Information about interim arrangements
s.032 Discharge of protected rights on winding up: insurance policies
s.033 Appropriate schemes: “Blowing the whistle”
s.037 Transfer of liabilities etc: schemes contracted-out on or after 6 April 1997
s.038 Regulations about relevant gender change cases
s.042 Reduced rates of Class 1 contributions, and rebates
s.042 Determination and alteration of rates of contributions, and rebates, applicable under section 42A
s.045 Determination and alteration of rates of minimum contributions under section 45
s.045 Money purchase and personal pension schemes: verification of ages
s.046 Retirement in tax year after 5th April 2020
s.048 Additional pension and other benefits
Part 3

Safeguarded rights

0 of 4 sections shown
4 other sections in this Part — procedural and definitional
s.068 Safeguarded rights.
s.068 Requirements relating to safeguarded rights.
s.068 Reserve powers in relation to non-complying schemes.
s.068 Power to control transfer or discharge of liability.
Part 4

Protection for early leavers

0 of 24 sections shown
24 other sections in this Part — procedural and definitional
Part 4

Requirements relating to pension credit benefit

18 of 18 sections shown
s.101 Scope of Chapter I.

amended 1 time

s.101 Interpretation.

amended 1 time

s.101 Basic principle as to pension credit benefit.

amended 1 time

s.101 Form of pension credit benefit and its alternatives.

amended 1 time

s.101 Discharge of liability where pension credit or alternative benefits secured by insurance policies or annuity contracts.

amended 1 time

s.101 Power to give transfer notice.

amended 1 time

s.101 Restrictions on power to give transfer notice.

amended 1 time

s.101 Benefits other than money purchase: statements of entitlement.

amended 1 time

s.101 Calculation of cash equivalents.

amended 1 time

s.101 Time for compliance with transfer notice. Regulated
  • Comply with pension transfer noticesTrustee

amended 1 time

s.101 Withdrawal of transfer notice.

amended 1 time

s.101 Variation of the amount required to be used.

amended 1 time

s.101 Effect of transfer on trustees’ duties.

amended 1 time

s.101 Matters to be disregarded in calculations.

amended 1 time

s.101 Prohibition on excluding transfers of some rights without others etc

amended 1 time

s.101 Service of notices.

amended 1 time

s.101 Interpretation of Chapter II.

amended 1 time

s.101 Power to modify Chapter II in relation to hybrid schemes.

amended 1 time

Part 5

Annual Increases of Pensions in Payment

2 of 9 sections shown
Part 6

Further Requirements for Protection of Scheme Members

11 of 12 sections shown
s.111 Monitoring of employers’ payments to personal pension schemes. Regulated
  • Provide pension contribution payment information when requested by trusteesEmployer

amended 1 time

s.111 Obtaining information for purposes of section 111A and corresponding Northern Ireland legislation.

amended 1 time

s.113 Disclosure of information about transfers etc

amended 16 times

s.113 Occupational pension schemes: requirements to refer members to guidance etc Regulated
  • Refer pension scheme members to guidance before transfer or benefits startTrustee

amended 16 times

1 other section in this Part — procedural and definitional
Part 7

Insolvency of employers

5 of 10 sections shown
Part 8

Relationship between requirements and scheme rules

6 of 7 sections shown
Part 9

Modification and winding up of schemes

6 of 9 sections shown
Part 10

Investigations: the Pensions Ombudsman

10 of 10 sections shown
Part 11

General and miscellaneous provisions

26 of 29 sections shown
s.157 Power of Secretary of State to obtain information in connection with applications under s. 124. (opens in a new tab) Prosecution
  • Fail to provide information or make false statementAny Person

Unlimited fine

s.158 Other disclosures by the Secretary of State.

amended 20 times

s.159 No forfeiture on bankruptcy of rights under personal pension schemes.

amended 22 times

s.168 Offence in connection with the Registrar

amended 3 times

s.171 Reports by Inland Revenue.

amended 9 times

3 other sections in this Part — procedural and definitional
Part 12

Supplementary Provisions

14 of 19 sections shown
s.181 Interpretation of references to money purchase contracted-out schemes or appropriate schemes after abolition date

amended 62 times

s.181 Money purchase benefits: supplementary

amended 62 times

5 other sections in this Part — procedural and definitional
s.180 Insurer and long-term insurance business
Schedules

Schedules

2 of 122 shown
s.sch004 (1) This Schedule applies to any sum owed on account... Regulated
  • Pay NI contributions equivalent premium in priority when insolventAny Person
s.sch006 The requirement of the Social Security Pensions Act 1975 that... Regulated
Other duties (1) — Crown / regulator
  • Contract-out requirement for occupational pension schemes repealedCrown / Minister / Government department
120 other schedules
s.sch001 The following provisions of this Schedule shall have effect as...
s.sch001 (1) The Secretary of State may make regulations generally as...
s.sch001 Subject to regulations made by the Secretary of State under...
s.sch001 The quorum of the Board and the arrangements relating to...
s.sch001 The validity of the proceedings of the Board shall not...
s.sch001 (1) Where the Board give a decision on any matter...
s.sch001 (1) The Secretary of State may make available to the...
s.sch001 Regulations made by the Secretary of State may authorise the...
s.sch001 The fixing of the common seal of the Board shall...
s.sch001 A document purporting to be duly executed under the seal...
s.sch001 Subject to the following provisions, a person shall hold and...
s.sch001 A person may at any time resign office as chairman,...
s.sch001 (1) If a member of the Board becomes or ceases...
s.sch001 (1) If the Secretary of State is satisfied that a...
s.sch001 The expenses of the Board, to such an amount as...
s.sch001 There may be paid as part of the expenses of...
s.sch001 The Secretary of State may with the consent of the...
s.sch001 Where— (a) a person ceases to be a member of...
s.sch002 (1) In relation to employments which are or at any...
s.sch002 (1) Subject to sub-paragraph (2), regulations may enable the Inland...
s.sch002 Provision may be made by regulations for requiring an employer...
s.sch002 (1) Regulations may modify the provisions of Part III (other...
s.sch002 (1) Regulations may make provision for requiring persons to furnish...
s.sch002 (1) Regulations may modify Chapters I and III of Part...
s.sch002 (1) This paragraph applies to the following classes of employments,...
s.sch002 Regulations may make provision— (a) for any incidental matters connected...
s.sch002 (1) Subject to the following provisions, paragraph 5 applies in...
s.sch003 (1) The final salary method is to add to the...
s.sch003 (1) For the purposes of paragraph 1 the Secretary of...
s.sch003 (1) This paragraph applies to the pension or other benefit...
s.sch003 (1) The average salary method is to revalue the member’s...
s.sch003 The cash balance method of revaluing a benefit is to...
s.sch003 The flat rate method is to revalue the benefits which...
s.sch003 (1) Subject to sub-paragraphs (2) and (3), the money purchase...
s.sch004 This Schedule applies to any sum owed on account of...
s.sch004 (1) This Schedule applies to any sum owed on account...
s.sch004 (1) In this Schedule— (a) in its application in England...
s.sch006 In this Schedule “the repealed enactments” means the enactments repealed...
s.sch006 (1) Where in the tax year 1989-90 the trustees or...
s.sch006 (1) Subject to sub-paragraph (2), if immediately before paragraph 7...
s.sch006 If immediately before 13th July 1990— (a) there was in...
s.sch006 Without prejudice to section 16 of the Interpretation Act 1978—...
s.sch006 (1) Where an earner’s earnings paid in any period before...
s.sch006 Without prejudice to paragraph 3, in any case where—
s.sch006 (1) If before 21st July 1989 an earner ceased to...
s.sch006 (1) Regulations may provide that any provision of this Act...
s.sch006 The repeal by this Act of section 26 of the...
s.sch006 The repeal of subsection (2) of section 17A of the...
s.sch006 (1) The substitution of this Act for the repealed enactments...
s.sch006 Without prejudice to any express provision in this Act, where...
s.sch006 The repeals made by this Act do not affect the...
s.sch006 The repeal by this Act of section 7 of the...
s.sch006 Where— (a) this Act repeals an enactment relating to the...
s.sch006 (1) The repeal or revocation by this Act of an...
s.sch006 The repeal or revocation by this Act of an enactment...
s.sch006 Any document made, served or issued after this Act comes...
s.sch006 An occupational pension scheme which— (a) at any time before...
s.sch006 Any document the contents of which are in terms corresponding...
s.sch007 In section 6(1A)(a) of the Equal Pay Act 1970 for...
s.sch007 In Schedule 5 to the Social Security Act 1989—
s.sch007 The following provisions of this Act shall cease to have...
s.sch008 In paragraph 10 of Schedule 1 to the Parliamentary Commissioner...
s.sch008 In section 653(3) of the Rent Act 1977 for the...
s.sch008 (1) In section 11(4)(b) of the Employment Protection (Consolidation) Act...
s.sch008 In sections 55(2)(b)(ii) and 58(2)(ii) of the Justices of the...
s.sch008 In section 33A(9) of the Judicial Pensions Act 1981—
s.sch008 In Schedule 1A to that Act— (a) in paragraph 1...
s.sch008 In the definition of “relevant enactment” in section 4(5) of...
s.sch008 In Schedule 2 to the Companies Act 1985—
s.sch008 In paragraph 4 of Schedule 3 to the Bankruptcy (Scotland)...
s.sch008 In section 386(3) of and paragraph 8 of Schedule 6...
s.sch008 In section 7 of the Coal Industry Act 1987 for...
s.sch008 In paragraph 3 of Schedule 4 to the Administration of...
s.sch008 (1) In section 464(5)(b) of the Income and Corporation Taxes...
s.sch008 In paragraph 4 of Schedule 1 to the Official Secrets...
s.sch008 In paragraph 11(2)(b) of Schedule 7 to the Finance Act...
s.sch008 In paragraph 5(1) of Schedule 14 and in paragraph 5(1)...
s.sch008 In section 3(1)(c)(ii) of the Social Security Administration Act 1992...
s.sch008 At the end of section 70(3) of that Act there...
s.sch008 In section 110(8) of that Act for paragraphs (d) and...
s.sch008 In section 148(7) of that Act for the words “section...
s.sch008 In section 150 of that Act— (a) in subsection (1)(e),...
s.sch008 In section 151 of that Act— (a) in subsection (4),...
s.sch008 In section 6(1A)(a) of the Equal Pay Act 1970—
s.sch008 In section 155(7) of that Act, for the words “the...
s.sch008 In section 191 of that Act— (a) the following definitions...
s.sch008 In section 1(3) of the Social Security Contributions and Benefits...
s.sch008 In section 8(1) of that Act for the words “section...
s.sch008 In section 9(4) of that Act for the words “section...
s.sch008 In section 20(3) of that Act for the words from...
s.sch008 In section 23(2) of that Act after the words “the...
s.sch008 In section 34(5) of that Act for the words “section...
s.sch008 In section 44(8) of that Act for the words “section...
s.sch008 In section 47(3) of that Act for the words “section...
s.sch008 In section 24(2) of and paragraph 3 of Schedule 2...
s.sch008 In section 50(2) of that Act for the words “section...
s.sch008 In section 174 of that Act, in the definition of...
s.sch008 In Schedule 5 to that Act— (a) in paragraph 2(6)...
s.sch008 In paragraph 3 of Schedule 7 to that Act—
s.sch008 In the Tribunals and Inquiries Act 1992—
s.sch008 In section 2(4)(b) of the Social Security Act 1993—
s.sch008 (1) In section 10(8) of the Judicial Pensions and Retirement...
s.sch008 In section 17(1) of the Pensions (Increase) Act 1971, in...
s.sch008 In section 1(9) of the Superannuation Act 1972, in the...
s.sch008 In sections 9(6) and 10(6) of that Act, in the...
s.sch008 In section 13(15), in the definition of “judicial pension scheme”,...
s.sch008 (1) In section 59 of the Social Security Pensions Act...
s.sch009 (1) If— (a) no date has been appointed as the...
s.sch009 In section 163, subsection (9) shall be omitted.
s.sch009 (1) Sections 102 to 107 shall have effect only for...
s.sch009 (1) In section 13(2)(a), the words from “and does” onwards...
s.sch009 In section 111, subsection (3) shall be omitted.
s.sch009 In section 162(4)(c)(i), for the words “section 65A” there shall...
s.sch009 (1) In section 146, subsection (3) shall be omitted.
s.schedule n9 para.1 Schedule n9 para.1
s.schedule n9 para.2 The following abbreviations are used in the Table:— Acts of...
s.schedule n9 para.3 The abbreviation “Law Com Rec No.” followed by a number...
s.schedule n9 para.4 The entry “drafting” indicates a provision of a mechanical or...
s.schedule n9 para.5 The Table does not show the effect of transfer of...
s.schedule n9 para.6 The Table does not show the effect of the saving...
s.093 Right to statement of entitlement: benefits other than money purchase Regulated
  • Provide members with a pension statement of entitlement on requestTrustee
s.100 Prohibition on excluding future accruals etc

amended 4 times

s.100 Meaning of “scheme rules”: occupational pension schemes

amended 4 times

s.100 Meaning of “normal pension age” in this Chapter

amended 4 times

s.100 Interpretation of Chapter

amended 4 times

s.101 Scope of Chapter 5

amended 1 time

s.101 Right to cash transfer sum and contribution refund

amended 1 time

s.101 Notification of right to cash transfer sum or contribution refund Regulated
  • Notify pension scheme members of cash transfer rights after service endsTrustee

amended 1 time

s.101 Exercise of right under section 101AB

amended 1 time

s.101 Permitted ways of using cash transfer sum

amended 1 time

s.101 Calculation of cash transfer sum and contribution refund

amended 1 time

s.101 Duties of trustees or managers following exercise of right Regulated
  • Act on member's cash transfer or refund election within a reasonable periodTrustee

amended 1 time

s.101 Powers of trustees or managers where right not exercised

amended 1 time

s.101 Rights under section 101AB: further provisions

amended 1 time

11 other provisions
s.097 Designation of funded public service defined benefits schemes
s.097 Designation of funded public service defined benefits schemes: Scotland
s.097 Reduction of cash equivalents in case of designated schemes
s.099 Trustees' further duties: collective money purchase benefits

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.