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equality Act 2010 & Pensions - much ado about nothing?

5 October 2010

The 1st October 2010 saw the much anticipated Equality Act 2010 come into force. From a pensions perspective it is a bit of a damp squib, merely repeating or replacing much of the anti-discrimination aspects of existing legislation.

The more radical proposed change linked to the Equality Act is the potential scrapping of the default retirement age – views are currently being sought via consultation which is due to close on 21 October 2010.

The main changes introduced by the Equality Act in relation to pensions are nothing ground-breaking, reflecting common sense anti-discrimination provisions for example extending the non-discrimination rule applicable to all occupational pension schemes so that it includes gender reassignment marriage and civil partnerships and sex.

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