Released 31 August 2021
The Pensions Schemes Act (Northern Ireland) 2021 received Royal Assent on 9 August 2021.
This Act makes provision for Northern Ireland corresponding to provisions of The Pension Schemes Act 2017. The Pension Schemes Act (Northern Ireland) 2021 aims to build on reforms such as automatic enrolment in workplace pensions. Since completion of the roll-out of automatic enrolment in 2018, 10.2m people are newly saving or saving more for their retirement. This Act seeks to ensure that savers are appropriately protected, regardless of the sort of pension scheme they are saving in, by increasing the regulation of Master Trusts.