Occupational Pensions
(asked on 21st November 2016) - View Source
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, for what reason provisions on the long service cap within the Pensions Act 2014 have not yet come into force.
This question was answered on 24th November 2016
Before the provisions could be brought into force certain changes to secondary legislation were required to ensure the cap works as intended in all situations.
I have now completed the consultation on these changes and am considering the responses. It is my intention that the long service cap will be implemented from April 2017.