On 12 January 2010, eleven sets of regulations were laid before Parliament by the DWP. Key changes to the draft regulations published in September 2009 include amendments to the staging process, which will bring employers within the scope of the reforms month by month according to their size. The overall staging period has been extended from 3 to 4 years, now running to 1 September 2016. Staging for new and small businesses will take place towards the end of this period. This means that the target of 8 per cent contributions from “qualifying earnings”, including 3 per cent employer contributions will not be reached until 1 October 2017, as opposed to 1 October 2016, as announced previously.

It has also been confirmed that the term Personal Accounts is now obsolete and the Government sponsored pension scheme will be known as the National Employment Savings Trust or NEST.