The Pension Schemes Act 2015 (Transitional Provisions and Appropriate Independent Advice) Regulations (Northern Ireland) 2015

1. Introductory Text

2. 1. Citation, commencement and interpretation

3. 2. Transitional provisions relating to the coming into force of section 51 of the Act

4. 3. Appropriate independent advice – further requirements

5. 4. Meaning of authorised independent adviser

6. 5. Exception to section 51(1) of the Act

7. 6. Information to be provided to the member or survivor

8. 7. Form of confirmation of appropriate independent advice

9. 8. Information to be provided on initial enquiry

10. 8A. Requirement to provide risk warnings in relation to safeguarded-flexible benefits

11. 8B. Meaning of “relevant guarantee”

12. 8C. Content of risk warnings in relation to safeguarded-flexible benefits

13. 9. Determination of whether exception applies and check that advice received

14. 10. Information to be provided where the value of cash equivalent is increased or reduced

15. 11. Requirement to check that the authorised independent adviser has permission to carry on regulated activity

16. 12. Circumstances in which an employer is required to arrange or pay for advice

17. Signature

18. Explanatory Note