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House of Commons		 Session 2005 - 06
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Rights of Savers Bill

 

Rights of Savers Bill

 

[AS AMENDED IN STANDING COMMITTEE C]

 
 

Contents

Part 1

Savings and Retirement Account schemes

General

1   

Meaning of “Savings and Retirement Account (SaRA) schemes”

2   

Registration of SaRA schemes

3   

Duty of employers to facilitate access to SaRA schemes

Investment rules

4   

Investment requirements for SaRA schemes

Drawdown

5   

Drawdown requirements for SaRA schemes

Miscellaneous

6   

Application of Employment Rights Act 1996

7   

Application of 1993, 1995 and 2004 Acts to SaRA schemes

8   

Interpretation and application of Part 1

Part 2

Retirement income reform

9   

Retirement Income Funds

10   

Amendment of the pension rules

11   

Minimum Retirement Income

12   

Removal of age limit for annuity protection lump sum death benefit

Part 3

Promotion of personal pension schemes

13   

Duty of employers to facilitate access to personal pension schemes

 

Bill 105                                                                                                

54/1

 

 

Rights of Savers Bill

ii

 

Part 4

Miscellaneous and final provisions

14   

Consequential amendments and repeals

15   

Regulations and orders

16   

Financial provisions

17   

Short title, commencement and extent

Schedule 1   —   

Consequential amendments

Schedule 2   —   

Repeals

 

 

 
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Revised 15 December 2005