Impact assessment

Pensions Act 2014 impact assessments: May 2014

Summary and documents explaining the measures in the Pensions Act 2014 and their impact.

• From: Department for Work and Pensions
• Published: 15 May 2014
• Last updated: 9 February 2015 — See all updates

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Documents

Pensions Act 2014 impact assessments summary

PDF, 194 KB, 38 pages

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Annex A: Single-tier pension: impact assessment

Ref: DWP0028

PDF, 449 KB, 53 pages

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Annex B: Long term State Pension sustainability: increasing the State Pension age to 67: impact assessment

PDF, 265 KB, 20 pages

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Annex C: Abolition of assessed income periods for Pension Credit: impact assessment

PDF, 136 KB, 13 pages

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Annex D: Replacement of existing bereavement benefits for new claims from April 2016: impact assessment

PDF, 140 KB, 11 pages

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Annex E: Small pots and automatic transfers: impact assessment

Ref: DWP0030

PDF, 278 KB, 25 pages

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Annex F: Short service refunds: impact assessment (updated November 2014)

Ref: DWP0023a

PDF, 144 KB, 17 pages

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Annex F: Short service refunds: impact assessment (December 2011)

Ref: DWP0023

PDF, 478 KB, 32 pages

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Annex G: Charges in qualifying pension schemes: impact assessment

Ref: DWP0042

PDF, 465 KB, 56 pages

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Annex H: Minimum governance standards for defined contribution workplace pensions: impact assessment

Ref: DWP0045

PDF, 209 KB, 23 pages

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Annex I: Reduce the frequency of returns to the Pensions Regulator by defined contribution schemes with 2 to 4 members: impact assessment

Ref: DWP0029

PDF, 205 KB, 15 pages

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Annex J: The Pension Protection Fund compensation cap amendments: impact assessment

Ref: DWP0038

PDF, 103 KB, 12 pages

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Annex K: Other measures in the Pensions Bill

PDF, 59.5 KB, 9 pages

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Details

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

Published 15 May 2014
Last updated 9 February 2015 + show all updates

1. 9 February 2015

   Added an updated version of the short service refunds impact assessment.(Annex F - November 2014)

2. 15 May 2014

   First published.