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The Pension Protection Fund (Pensions on Divorce etc.: Charges) Regulations (Northern Ireland) 2011

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1.—(1) These Regulations may be cited as the Pension Protection Fund (Pensions on Divorce etc.: Charges) Regulations (Northern Ireland) 2011 and shall come into operation on 6th April 2011.

(2) In these Regulations—

“the 2005 Order” means the Pensions (Northern Ireland) Order 2005;

“implementation period” has the same meaning as in Article 31(1) of the 1999 Order;

“party” means a party to a pension sharing order or provision, or to a pension attachment order or provision;

“pension attachment order or provision” means an order or provision which is made under any of the provisions specified in regulation 2(1)(b) to (f), or (in Scotland) a provision contained in a qualifying agreement corresponding to provision which may be made by an order under section 8(1)(ba) of the Family Law (Scotland) Act 1985(1) (orders for financial provision);

“pension sharing order or provision” means an order or (in Scotland) a provision contained in a qualifying agreement which provides that one party’s shareable rights under a specified occupational pension scheme be subject to pension sharing for the benefit of the other party, and specifies the percentage value or (in Scotland) the amount to be transferred;

“PPF compensation” means compensation payable under the pension compensation provisions specified in Article 146(2) of the 2005 Order or section 162(2) of the Pensions Act 2004(2).

(1)

1985 c. 37; section 8(1)(ba) was inserted by section 167(1) of the Pensions Act 1995 (c. 26)

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