Pension Schemes Act 1993

The Pension Schemes Act 1993 was the first statute to result from the comprehensive inquiry led by Roy Goode resulting in the command paper, Pension Law Reform.

Part IV in sections 69 to 101 sets out minimum protection for early leavers from their jobs before an entitlement to an occupational pension arises.

Part VI in sections 111 to 118 contains further protections for scheme members regarding voluntary contributions and disclosure.

Part VII, in sections 119 to 128, set out the rules for insolvent schemes and the duty of the Secretary of State to reimburse employees, but was then replaced by the Pensions Act 1995.. Part VIII contains rules on the relationship between requirements of the Act and scheme rules, insofar as they are overridden by the Act.

Part IX relates to how scheme trust deeds can be modified.