Made under the Pension Schemes Act 2026

1 statutory instrument made using powers in the Pension Schemes Act 2026, newest first. Each one is explained section by section in plain English.

The Pension Schemes Act 2026 (Commencement No. 1) Regulations 2026

Published: Mon 22nd Jun 26

Department: Department for Work and Pensions
Made under: Pension Schemes Act 2026

Commenced Section 123 of the Pension Schemes Act 2026 regarding pension protection levies.

These Regulations bring into force Section 123 of the Pension Schemes Act 2026 on 29th June 2026.

The activated section grants the Board of the Pension Protection Fund the authority to adjust annual levies, including the power to reduce them to zero or a minimal amount, and establishes specific limits on how much those levies can be increased in subsequent years.

The order applies to the Secretary of State for Work and Pensions and the Board of the Pension Protection Fund.