The Pensions (2008 Act) (Actuarial Guidance) (Consequential Provisions) Order (Northern Ireland) 2008

Article 2

SCHEDULE Amendment of Regulations

1.  In—

(a) regulation 1(2) of the Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 1987(1) (interpretation);

(b) regulation 1(2) of the Occupational Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 1997(2) (interpretation), and

(c) regulation 1(3) of the Stakeholder Pension Schemes Regulations (Northern Ireland) 2000(3) (interpretation),

for the definition of “relevant guidance” substitute—

““relevant guidance” means the document entitled “Technical Memorandum TM1: Statutory Money Purchase Illustrations” which is adopted or prepared, and from time to time revised, by the Board for Actuarial Standards;”.

2.  In regulation 23(a) of the Occupational Pension Schemes (Contracting-out) Regulations (Northern Ireland) 1996(4) (requirements for meeting the statutory standard) omit “, and approved by the Department”.

3.  In regulation 2(5) of the Occupational Pension Schemes (Deficiency on Winding Up, etc.) Regulations (Northern Ireland) 1996(5) (interpretation) for “and approved for the purposes of these Regulations by the Department, with such revisions as have been so approved at the applicable time” substitute “, with any such revisions at the applicable time”.

4.  In regulation 1(5) of the Occupational Pension Schemes (Winding Up) Regulations (Northern Ireland) 1996(6) (interpretation) for “and approved for the purposes of these Regulations by the Department, as they apply as respects schemes of the description in question with such revisions as have been so approved” substitute “, as they apply to schemes of the description in question with any such revisions”.

5.  In regulation 15 of the Occupational Pension Schemes (Scheme Funding) Regulations (Northern Ireland) 2005(7) (guidance relating to actuarial advice) omit “and approved for the purposes of these Regulations by the Department, with such revisions as have been so approved”.

(1)

S.R. 1987 No. 288; the definition of “relevant guidance” was inserted by regulation 2(2)(d) of S.R. 2002 No. 410 and amended by paragraph 1(b) of the Schedule to S.R. 2007 No. 64

(2)

S.R. 1997 No. 98; the definition of “relevant guidance” was inserted by regulation 3(2)(c) of S.R. 2002 No. 410 and amended by paragraph 8(b) of the Schedule to S.R. 2007 No. 64

(3)

S.R. 2000 No. 262; the definition of “relevant guidance” was inserted by regulation 4(2)(d) of S.R. 2002 No. 410 and amended by paragraph 13(b) of the Schedule to S.R. 2007 No. 64

(4)

S.R. 1996 No. 493; regulation 23(a) was substituted by paragraph 3(b) of the Schedule to S.R. 2007 No. 64

(5)

S.R. 1996 No. 585; regulation 2(5) was substituted by paragraph 4(a)(ii) of the Schedule to S.R. 2007 No. 64

(6)

S.R. 1996 No. 621; regulation 1(5) was substituted by paragraph 6(b) of the Schedule to S.R. 2007 No. 64

(7)

S.R. 2005 No. 568; regulation 15 was substituted by paragraph 15(b) of the Schedule to S.R. 2007 No. 64