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PART IIN.I.STAKEHOLDER PENSION SCHEMES

Modifications etc. (not altering text)

C2Pt. II (arts. 3-9) power to modify conferred (15.12.2008) by Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13), ss. 115(2)(c), 118(2)(g)

Duty of employers to facilitate access to stakeholder pension schemesN.I.

5.—(1) Except in so far as regulations otherwise provide, it shall be the duty of an employer of relevant employees to comply with [F1the requirement in paragraph (5)] .

[F2(1A) A relevant employee, in relation to an employer, is an employee of the employer who, on the relevant date, satisfies the conditions in paragraph (1B).

(1B) The conditions are that—

(a)the employee is a member of a stakeholder pension scheme;

(b)the employee made a request under paragraph (5) before the relevant date and that request has not been withdrawn;

(c)the employee pays contributions (which are deducted in accordance with that request) to the scheme at regular intervals;

(d)at least one deduction has been made before the relevant date in accordance with that request.

(1C) A person ceases to be a relevant employee—

(a)on ceasing to be employed by the employer;

(b)on withdrawing a request under paragraph (5);

(c)on ceasing to pay contributions at regular intervals.]

F3(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F3(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F3(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5) The F4... requirement is that, subject to such exceptions and qualifications as may be prescribed, the employer shall, if he is requested to do so by a relevant employee F5...—

(a)deduct the employee's contributions to the [F6stakeholder pension scheme] from his remuneration; and

(b)pay them to the trustees or managers of the scheme or, if regulations so provide, to a prescribed person.

[F7(5A) That requirement only applies in relation to a request to make deductions made before the relevant date (whether or not that request is varied after that date).]

F8(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(7) Article 10 of the Pensions Order (civil penalties) applies to an employer who fails to comply with [F9the requirement] set out above.

(8) An employer is not, [F10while subject to the requirement in paragraph (5)] , under any duty—

(a)to make any enquiries, or act on any information, about the scheme for any purpose not connected with—

(i)ascertaining whether the scheme is for the time being registered under Article 4,

F11(ii). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F12(iii). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b)in particular, to investigate or monitor, or make any judgment as to, the past, present or future performance of the scheme.

(9) In this Article—