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Pension Schemes Act (Northern Ireland) 2016
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This version of this part contains provisions that are prospective.
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There are currently no known outstanding effects for the Pension Schemes Act (Northern Ireland) 2016, PART 2.
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PART 2N.I.COLLECTIVE BENEFITS
Introduction and nature of collective benefitsN.I.
Prospective
Introduction and definitionN.I.
F18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Ss. 8-35 omitted (1.8.2022) by virtue of Pension Schemes Act 2021 (c. 1), s. 131(2)(d)(3)(c), Sch. 11 para. 16(b); S.R. 2022/197, art. 3(f)
Prospective
Duty to set targets for collective benefitsN.I.
9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prospective
Policy about factors used to determine each benefitN.I.
10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prospective
Power to impose requirements about factors used to determine each benefitN.I.
11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prospective
ContributionsN.I.
Payment scheduleN.I.
12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Overdue contributions and other paymentsN.I.
13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prospective
InvestmentN.I.
Statement of investment strategyN.I.
14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investment performance reportsN.I.
15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investment powersN.I.
16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Restriction on borrowing by trustees or managersN.I.
17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investment powers: duty of careN.I.
18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prospective
ValuationN.I.
Valuation reportsN.I.
19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Valuation processN.I.
20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prospective
Dealing with deficits and surplusesN.I.
Policy for dealing with a deficit or surplusN.I.
21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Power to impose requirements about dealing with a deficit or surplusN.I.
22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Deficits attributable to an offence or the imposition of a levyN.I.
23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Payment of amounts out of collective benefit fundsN.I.
24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prospective
Cash equivalentsN.I.
Policy for calculating cash equivalent of benefitsN.I.
25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prospective
Winding upN.I.
Winding upN.I.
26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Requirement to wind up scheme in specified circumstancesN.I.
27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Policies about winding upN.I.
28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prospective
Identifying assetsN.I.
Working out which assets are available for the provision of which benefitsN.I.
29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prospective
Regulations under Part 2: generalN.I.
Requirement to obtain actuarial adviceN.I.
30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Sub-delegationN.I.
31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Publication of documents etcN.I.
32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
EnforcementN.I.
33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Overriding requirementsN.I.
34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interpretation of Part 2N.I.
Prospective
Interpretation of Part 2N.I.
F135 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Ss. 8-35 omitted (1.8.2022) by virtue of Pension Schemes Act 2021 (c. 1), s. 131(2)(d)(3)(c), Sch. 11 para. 16(b); S.R. 2022/197, art. 3(f)
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