Pensions Act (Northern Ireland) 2015 No. 5

SCHEDULES

SCHEDULE 17 N.I. AUTOMATIC TRANSFER OF PENSION BENEFITS ETC.

Prospective

PART 1 N.I. AUTOMATIC TRANSFER OF PENSION BENEFITS

Automatic transfer scheme to find out whether members have transferable benefits N.I.

2—(1) The regulations must require the trustees or managers of an automatic transfer scheme to take steps to find out whether a qualifying member of the scheme has transferable benefits under another pension scheme. N.I.

(2) The regulations may make provision—

(a) about when a step is to be taken (for example, within a prescribed period after a person becomes a qualifying member or at prescribed intervals);

(b) for the steps to be taken at any particular time to relate to a particular qualifying member, or to some or all qualifying members.