Pensions Act

The Pensions Act is legislation that governs how pension schemes are managed and regulated to ensure their security and fairness. It sets standards for pension fund administration, protects members’ benefits, and outlines the responsibilities of trustees and employers. The Act aims to provide retirees with reliable income after retirement, prevent mismanagement or fraud, and promote transparency within pension schemes. Overall, it’s designed to safeguard individuals' retirement savings and ensure pensions are managed responsibly and efficiently.