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Pensions Act 1995 receives Royal Assent, proposing to phase in a state pension age for women at 65 (equalising it with that for men) over a ten-year period and introducing measures intended to safeguard occupational pension schemes.
The MFR was heavily criticised in the Myners Report (2001), [1] which was a HM Treasury sponsored report into institutional investment in the UK. The Myners Report identified three problems with the MFR: For some pension funds, the level of assets under the MFR was insufficient to provide the benefits promised by the scheme
The UK government publishes a list of 100 proposed locations for potential new towns in England, with Housing Minister Matthew Pennycook saying work on them will begin before the next general election. [83] 14 February – The UK government scraps the role of independent adviser on political violence, created before the last general election. [84]
An Act to make provision with respect to the procedure in, and allocation of business between, the High Court and other courts; to make provision with respect to legal services; to establish a body to be known as the Lord Chancellor's Advisory Committee on Legal Education and Conduct and a body to be known as the Authorised Conveyancing ...
Part VII, in sections 119 to 128, set out the rules for insolvent schemes and the duty of the Secretary of State to reimburse employees, but was then replaced by the Pensions Act 1995.. Part VIII contains rules on the relationship between requirements of the Act and scheme rules, insofar as they are overridden by the Act.
In the early 20th century, occupational (workplace) pension schemes started to become more common, with one driver being the Finance Act 1921 which provided tax-relief on pension scheme contributions. [6] After the Second World War, the National Insurance Act 1946 completed universal coverage of social security.
This is a list of acts of the Parliament of the United Kingdom passed in 1995. Acts passed since 1963 are cited by calendar year, [ 1 ] as opposed to the convention used for earlier acts of citing the regnal year(s) in which the relevant parliamentary session was held. [ 2 ]
Education (School Teachers' Pay and Conditions) Order 1995 (S.I. 1995/1015) Local Government Pension Scheme Regulations 1995 (S.I. 1995/1019) Gaming Act (Variation of Monetary Limits) (Scotland) Order 1995 (S.I. 1995/1020) Amusements with Prizes (Variation of Monetary Limits) (Scotland) Order 1995 (S.I. 1995/1021)