Made under the Pension Schemes Act 1993
3 statutory instruments made using powers in the Pension Schemes Act 1993, newest first. Each one is explained section by section in plain English.
The Guaranteed Minimum Pensions Increase Order 2026
- Department: Department for Work and Pensions
- Made under: Pension Schemes Act 1993
The Order set the annual increase rate for specific parts of Guaranteed Minimum Pensions at 3 per cent, commencing on April 6, 2026.
This Statutory Instrument, The Guaranteed Minimum Pensions Increase Order 2026, legally mandates a 3 per cent annual increase for the portion of Guaranteed Minimum Pensions (GMPs) attributable to earnings factors covering the tax years from 1988-89 through 1996-97, effective from April 6, 2026, based on the Secretary of State's review of price increases showing a 3.8 per cent rise over the preceding 12 months.
The Occupational Pensions (Revaluation) Order 2025
- Department: Department for Work and Pensions
- Made under: Pension Schemes Act 1993
The Order specified the higher and lower revaluation percentages for defined benefits under the final salary method for occupational pension schemes for revaluation periods concluded by 31st December 2025.
The Occupational Pensions (Revaluation) Order 2025, made by the Secretary of State for Work and Pensions, establishes the specific higher and lower revaluation percentages applicable to occupational pension schemes that revalue accrued benefits using the final salary method, covering revaluation periods from 1st January 1986 up to and including 31st December 2025, and applies to England, Wales, and Scotland starting 1st January 2026.
The Occupational Pension Schemes (Collective Money Purchase Schemes) (Miscellaneous Amendments) Regulations 2025
- Department: Department for Work and Pensions
- Made under: Pension Schemes Act 1993, Pensions Act 1995, Pensions Act 2004, Pension Schemes Act 2021
The Secretary of State exercised powers under various Pension Acts to make miscellaneous amendments correcting errors, adding definitions (like 'actuarial valuation'), and removing disclosure requirements from several occupational pension scheme regulations, effective December 2025.
The Occupational Pension Schemes (Collective Money Purchase Schemes) (Miscellaneous Amendments) Regulations 2025 enact several technical changes to existing pension legislation, primarily by correcting errors in previous amendments related to collective money purchase schemes and by updating terminology, such as defining 'actuarial valuation' consistently throughout related instruments; these regulations also remove certain information disclosure requirements deemed no longer necessary and apply to England, Wales, and Scotland, coming into force on 4th December 2025.