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ARTICLE · 09 OCTOBER 2023

The Pensions Brief: September 2023

Mayer Brown
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This regulation-making power will come into force on a day to be appointed by statutory instrument.

United KingdomEmployment and HR
Jay Doraisamy
Jay Doraisamy
Andrew Block
Andrew Block
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Issues affecting all schemes

Automatic enrolment – extension of regime

The Pensions (Extension of Automatic Enrolment) Act 2023 has now received Royal Assent. It gives the government the power to make regulations:

  • Reducing the age at which workers become eligible for automatic enrolment.
  • Reducing or removing the lower qualifying earnings limit.

This regulation-making power will come into force on a day to be appointed by statutory instrument.

Action

Employers, trustees and administrators should monitor the government's exercise of this regulation-making power.

EU law rights – codification into UK law

Two sets of regulations have been laid before Parliament for approval which codify into UK law certain EU law rights decided in various court decisions. The first set of regulations:

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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