Summary and documents explaining the measures in the Pensions Act 2014 and their impact.
The summary of impacts document explains the measures in the Pensions Act 2014 and summarises their impact. We have also published the impact assessments for the relevant individual measures.
These documents update the Pensions Bill impact assessments published in October 2013.
On 22 July 2014 we published an update to the main analysis of the impact of the single-tier pension reforms. This brings the analysis into line with assumptions used in the Office for Budget Responsibility’s (OBR) Fiscal Sustainability Report published on 10 July 2014.
On 9 February 2015, we published a new version of the short service refunds impact assessment, updated in November 2014. Since the publication of the last impact assessment, Parliament has passed the Pensions Act 2014. Section 36 abolishes short service refunds for new members of occupational defined contribution money purchase pension schemes and comes into force on 1 October 2015. The updated impact assessment reflects the new implementation date and makes use of more recent data