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The Pensions (Northern Ireland) Order 1995

Status:

This is the original version (as it was originally made).

Power to reject notice choosing appropriate personal pension scheme

160.  In section 40 of the Pension Schemes Act (earner’s chosen scheme)—

(a)in subsection (1), after paragraph (b) insert—

then unless the Department rejects the notice on either or both of the grounds mentioned in subsection (1A), and

(b)after the subsection insert—

(1A) The grounds referred to in subsection (1) are that the Department is of the opinion—

(a)that section 27(5) is not being complied with in respect of any members of the scheme,

(b)that, having regard to any other provisions of sections 22 to 28 and 39 to 41, it is inexpedient to allow the scheme to be the chosen scheme of any further earners..

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