Pensions minister sets out timetable for Pension Schemes Act regulations
Opperman: We are now progressing secondary legislation to ensure the UK’s pension system is safer, better and greener
Pensions minister Guy Opperman has set out a timetable for secondary legislation to bring Pension Schemes Act provisions into force.
In a written ministerial statement released yesterday evening (2 March), Opperman said that, now the Pension Schemes Act 2021 has received Royal Assent, the government was progressing the secondary legislation to ensure the UK s pension system is safer, better and greener .
He said the sequencing of the subsequent legislation will allow for proper consultation, engagement with key stakeholders and further parliamentary debate, through affirmative procedure where required.
What HR should know about the Pensions Schemes Bill 2021 hrmagazine.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hrmagazine.co.uk Daily Mail and Mail on Sunday newspapers.
Initially launched in 2006 by the Council of Europe as ‘Data Protection Day’, Data Privacy Day celebrates the signing of ‘Convention 108’ in 1981.
40 years later it is bewildering to think of the change, from then to now, in how data is used, collected and processed. From 2010 to 2020 alone, the volume of data consumed worldwide exploded from two zettabytes (two trillion gigabytes) to 59 zettabytes.
As the anniversary of Data Privacy Day comes and goes, I like to take stock and ask myself: what will the big developments be this year? And how, in a world which runs on information, can data be truly protected?
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Pension saving can be a difficult endeavour, particularly for those who are currently feeling a financial pinch, and circumstances are likely to have changed in recent months. Many will have had their usual working lives uprooted through furlough, and self-employed people may be in receipt of government grants. Those who have lost their jobs may have stopped saving towards retirement altogether, and some may have paused contributions.