The Pensions Act 2014 is an Act of the Parliament of the United Kingdom that received Royal Assent on 14 May 2014.
It establishes a new state pension scheme for people who attain state pension age on or after 6 April 2016. The act requires that the pension age be reviewed in every term.
Due to the changes made by the act, women received slightly more money than before, and men received slightly less money.