Explanatory note
(This note is not part of the Order)
This Order brings into force section 14 of the Pensions Act 2007 (c.22) on 1st March 2009 for the purpose of making regulations and on 6th April 2009 for all other purposes. Section 14 introduces new provisions to allow Guaranteed Minimum Pensions to be converted into other pension benefits.
A full Impact Assessment has not been produced for this Order as no impact on the private or voluntary sectors is foreseen.