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The Pensions (1995 Order) (Commencement No. 2) Order (Northern Ireland) 1996

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Part IVProvisions coming into Operation on 6th April 1996 for the purpose only of Authorising the Making of Regulations

Provisions of the OrderSubject Matter
Article 10(2) and (3)Civil penalties
Articles 16 to 21Member-nominated trustees and directors
Article 27Trustee not to be scheme auditor or actuary
Article 32Decisions by majority of trustees
Article 33Investment powers: duty of care
Article 35Investment principles
Article 37Payment of surplus to employer
Article 38Power to defer winding up
Article 40Restriction on employer-related investments
Article 41Provision of documents for members
Article 47Professional advisers
Article 49Receipts, payments and records
Article 50Resolution of disputes
Article 51Annual increase in rate of pension
Articles 56 to 61Minimum funding requirement
Article 67Restriction on powers to alter schemes
Article 68Power of trustees to modify schemes by resolution
Article 69Grounds for applying to Authority for modification orders
Article 73Preferential liabilities on winding up
Article 74(2), (3) and (5)(b)Discharge of liabilities by insurance, etc.
Article 75Deficiencies in the assets
Article 76Excess assets on winding up
Article 77Excess assets remaining after winding up: power to distribute
Articles 85 to 87Money purchase schemes
Articles 89 to 93Assignment, forfeiture, bankruptcy, etc.
Article 133New requirements for contracted-out schemes
Article 134State scheme contributions and rebates
Article 136Money purchase and personal pension schemes: verification of ages
Article 137(1)Reduction in State benefits for members of certified schemes
Article 138State scheme, etc. premiums and buyback into State scheme
Articles 148 to 150Transfer values
Article 151 for the purpose only of authorising the making of regulations relating to section 109 of the Pension Schemes ActPenalties for breach of regulations under the Pension Schemes Act
Schedule 1, paragraph 36(a)(ii) and Article 119 in so far as it relates to that paragraphAmendments consequential on Part II of the Order
Schedule 3, paragraph 14 (in so far as it relates to sections 7(5)(d), 30(2)(a), 46(4) and 159(6) of the Pension Schemes Act), paragraph 15(a) (in so far as it relates to section 3(1) of that Act) and paragraphs 21(a), 26(b), 27(b), 28, 30, 32, 37(b), 38, 40(c), 41(a), 55, 60(c) and 70 and Article 147 in so far as it relates to the above mentioned paragraphsAmendments relating to Part IV, etc. of the Order
Schedule 4, paragraphs 6, 7 and 8(c) and (e) and Article 165 in so far as it relates to those paragraphsGeneral minor and consequential amendments

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