Pension Schemes (Northern Ireland) Act 1993

50 Supervision: former appropriate personal pension schemes. N.I.

[F1 (1) The Department may direct the trustees or managers of the scheme to take or refrain from taking such steps as the Department may specify in writing; and such a direction shall be final and binding on the person directed and any person claiming under him.

(1A) An appeal on a point of law shall lie to the High Court from a direction under subsection (1) at the instance of the trustees or managers or the employer, or any person claiming under them.

(1B) A direction under subsection (1) shall be enforceable as if it were an order of the county court.

(2) If a certificate has been issued under subsection (2) of section not been cancelled under subsection (3) of that section, any liabilities in respect of such entitlement or rights as are referred to in section 48(3)(b) must, except in prescribed circumstances, be discharged (subject to any directions under subsection (1)) in a prescribed manner and within a prescribed period or such longer period as the Department may allow.]

(3) If it appears to the Board that there has been, or is likely to be, a breach of any rule of the scheme relating to the matters dealt with in sections 5(5) and 22 to 28, the Board may take such steps as they think expedient with a view to remedying or preventing the breach, and section 49(5) applies for that purpose as it applies for the purpose there mentioned.

Textual Amendments

F1 S. 50 (1)(1A)(1B)(2) substituted (6.4.1996 for certain purposes otherwiseprosp.) by s. 50(1)(2) by S.I. 1995/3213 (N.I. 22), arts. 1(2), 147, Sch. 3 para. 41(a); S.R. 1996/91, art. 2(d), Sch. Pt. IV