Statutory guidance

The Pensions Act 2004 (Amendment) (Pension Protection Fund Compensation) Regulations 2023

These regulations remove redundant legislative references to the Pension Protection Fund compensation cap to help clarify and simplify the legislation.

• From: Department for Work and Pensions
• Published: 19 September 2023
• Last updated: 8 December 2023 — See all updates

Applies to England, Scotland and Wales

Documents

Statutory instrument

PDF, 57.4 KB, 4 pages

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Explanatory memorandum

PDF, 62.8 KB, 4 pages

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Made Statutory Instrument

PDF, 95.1 KB, 1 page

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Details

The Court of Justice of the European Union Judgement of 6 September 2018 in the Hampshire case ruled that, in the event of employer insolvency, every former employee should receive no less than 50% of their accrued old age benefits (the minimum level) and that protection should never fall below this minimum level.

These regulations retain the effects of this Judgement in domestic legislation beyond 31 December.

• Laid on: 18 September 2023
• Made on: 04 December 2023
• Subject: Pensions

Published 19 September 2023
Last updated 8 December 2023 + show all updates

1. 8 December 2023

   SI made, page updated with made SI document.

2. 19 September 2023

   First published.