The Pension Sharing (Miscellaneous Amendments) Regulations (Northern Ireland) 2016

Amendment of the Pensions on Divorce etc. (Charging) Regulations

3.—(1) The Pensions on Divorce etc. (Charging) Regulations (Northern Ireland) 2000(1) are amended in accordance with paragraphs (2) to (4).

(2) In regulation 2(4)(a) (general requirements as to charges)—

(a) in head (i) for “(salary related schemes: right to statement of entitlement, and right to cash equivalent)” substitute “(right to statement of entitlement: benefits other than money purchase and right to cash equivalent);

(b) for head (iii) substitute—

“(iii) regulation 17 (statements of benefits: money purchase benefits) or any of the provisions of Part 6(2) (lifestyling and accessing benefits) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014;”.

(3) In regulation 3(2) (charges recoverable in respect of the provision of basic information)—

(a) for sub-paragraph (d) substitute—

“(d) any costs incurred by the trustees or managers of an occupational or personal pension scheme in connection with the provision of information under regulation 6 (basic scheme information) or 7 (basic scheme information to be given by certain schemes) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014 that the trustees or managers provide to the member free of charge under those Regulations;”;

(b) in sub-paragraph (e) for head (iii) substitute—

“(iii) regulation 17 or any of the provisions of Part 6 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014, or”.

(4) In regulation 9(2) (charges in respect of pension sharing activity – method of recovery) for sub-paragraph (f)(3) substitute—

“(f) deduction from the amount of a transfer value which is calculated in accordance with regulation 24 of the Pension Sharing (Pension Credit Benefit) Regulations (Northern Ireland) 2000(4) (manner of calculation and verification of cash equivalents).”.

(1)

S.R. 2000 No. 143; relevant amending Regulations are S.R. 2008 No. 370

(2)

Part 6 was amended by regulations 6 to 9 of S.R. 2015 No. 154

(3)

Sub-paragraph (f) was amended by paragraph 4 of Schedule 2 to S.R. 2008 No. 370

(4)

S.R. 2000 No. 146; regulation 24 was substituted by paragraph 7(4) of Schedule 2 to S.R. 2008 No. 370 and is amended by regulation 5(6) of these Regulations