Proposals for a Pensions Schemes Bill - Equality Impact Assessment
Date published:
The Government introduced the Pension Schemes Bill to Parliament in June 2014. The reforms to the private pension system are intended to introduce new definitions to the legislative framework for private pensions based on the type of promise that pension schemes provide for members during accumulation.
With a long-standing principle of parity between Northern Ireland and Great Britain in relation to pension matters, it is anticipated that a corresponding Northern Ireland Bill will be introduced.
This EQIA focuses on the key proposals which it is anticipated are likely to be contained in any such Bill: the establishment of three mutually exclusive categories of pension scheme; the facilitation of collective benefits; and the changes needed to current legislation governing pension schemes.