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The Pensions (2015 Act) (Commencement No. 6) Order (Northern Ireland) 2018

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Statutory Rules of Northern Ireland

2018 No. 41 (C. 4)

Pensions

The Pensions (2015 Act) (Commencement No. 6) Order (Northern Ireland) 2018

Made

8th March 2018

The Department for Communities(1) makes the following Order in exercise of the powers conferred by section 53(1) of the Pensions Act (Northern Ireland) 2015(2).

Citation and interpretation

1.—(1) This Order may be cited as the Pensions (2015 Act) (Commencement No. 6) Order (Northern Ireland) 2018.

(2) In this Order any reference to a numbered section is to the section of the Pensions Act (Northern Ireland) 2015 bearing that number.

Appointed day

2.—(1) Subject to paragraph (2), the day appointed for the coming into operation of section 43 (disclosure of information about transaction costs to members etc.) is 9th March 2018.

(2) In relation to section 43, this Article does not apply to a scheme which falls within paragraphs (a) to (e) of the definition of “relevant scheme” in regulation 1(2) of the Occupational Pension Schemes (Scheme Administration) Regulations (Northern Ireland) 1997(3).

Sealed with the Official Seal of the Department for Communities on 8th March 2018

(L.S.)

Anne McCleary

A senior officer of the Department for Communities

EXPLANATORY NOTE

(This note is not part of the Order)

This Order provides for the coming into operation of section 43 of the Pensions Act (Northern Ireland) 2015 (“the 2015 Act”) which amends section 109 of the Pension Schemes (Northern Ireland) Act 1993 (c. 49) (“the 1993 Act”) on 9th March 2018.

This is except in relation to certain types of occupational pension scheme which are excluded by paragraphs (a) to (e) of the definition of “relevant scheme” in regulation 1(2) of the Occupational Pension Schemes (Scheme Administration) Regulations (Northern Ireland) 1997 (see Article 2(2)). These include executive pension schemes, certain small schemes, public service pension schemes and schemes which provide no money purchase benefits other than those attributable to additional voluntary contributions (AVCs).

The provisions inserted into the 1993 Act by section 43 of the 2015 Act place a duty on the Department for Communities, in relation to a money purchase scheme that is an occupational pension scheme, to make regulations requiring the disclosure of information about transaction costs and requiring information on transaction costs and administrative charges to be published.

NOTE AS TO EARLIER COMMENCEMENT ORDERS

(This note is not part of the Order)

The following provisions of the Pensions Act (Northern Ireland) 2015 have been brought into operation by earlier commencement orders as from the dates shown.

ProvisionDate of CommencementS.R. No.
Section 2(partially)16th July 20152015 No. 307 (C. 25)
Section 3(partially)25th February 20162016 No. 68 (C. 4)
Section 4(partially)16th July 20152015 No. 307 (C. 25)
Section 8(partially)16th July 20152015 No. 307 (C. 25)
Section 10(partially)25th February 20162016 No. 68 (C. 4)
Sections 13 to 17(partially)16th July 20152015 No. 307 (C. 25)
Section 18(partially)16th July 20152015 No. 307 (C. 25)
(partially)25th February 20162016 No. 68 (C. 4)
Section 19(partially)16th July 20152015 No. 307 (C. 25)
Section 20(partially)25th February 20162016 No. 68 (C. 4)
Sections 22 to 25(partially)16th July 20152015 No. 307 (C. 25)
Section 23(partially)14th September 20152015 No. 329 (C. 28)
(partially)25th February 20162016 No. 68 (C. 4)
Section 24(partially)14th September 20152015 No. 329 (C. 28)
Section 25(partially)12th October 20152015 No. 329 (C. 28)
Section 27(partially)14th September 20152015 No. 329 (C. 28)
(partially)6th April 20162015 No. 329 (C. 28)
Section 29(partially)10th March 20172017 No. 44 (C. 5)
(partially)6th April 20172017 No. 44 (C. 5)
Section 30(partially)9th February 20172017 No. 37 (C. 4)
(partially)10th March 20172017 No. 44 (C. 5)
(partially)6th April 20172017 No. 44 (C. 5)
Section 31(partially)10th March 20172017 No. 44 (C. 5)
(partially)6th April 20172017 No. 44 (C. 5)
Section 32(partially)16th July 20152015 No. 307 (C. 25)
Section 351st October 20152015 No. 307 (C. 25)
Sections 36 to 3916th July 20152015 No. 307 (C. 25)
Sections 41 and 4216th July 20152015 No. 307 (C. 25)
Sections 44 and 4516th July 20152015 No. 307 (C. 25)
Section 4716th July 20152015 No. 307 (C. 25)
Section 48(partially)10th March 20172017 No. 44 (C. 5)
(partially)6th April 20172017 No. 44 (C. 5)
Schedule 8(partially)16th July 20152015 No. 307 (C. 25)
Schedule 10(partially)16th July 20152015 No. 307 (C. 25)
Schedule 11(partially)16th July 20152015 No. 307 (C. 25)
Schedule 12(partially)16th July 20152015 No. 307 (C. 25)
(partially)14th September 20152015 No. 329 (C. 28)
(partially)25th February 20162016 No. 68 (C. 4)
Schedule 13(partially)14th September 20152015 No. 329 (C. 28)
Schedule 1416th July 20152015 No. 307 (C. 25)
Schedule 15(partially)16th July 20152015 No. 307 (C. 25)
(partially)12th October 20152015 No. 329 (C. 28)
Schedule 16(partially)9th February 20172017 No. 37 (C. 4)
(partially)10th March 20172017 No. 44 (C. 5)
(partially)6th April 20172017 No. 44 (C. 5)
Schedule 17(partially)16th July 20152015 No. 307 (C. 25)
Schedule 1816th July 20152015 No. 307 (C. 25)
Schedule 1916th July 20152015 No. 307 (C. 25)
Schedule 20(partially)10th March 20172017 No. 44 (C. 5)
(partially)6th April 20172017 No. 44 (C. 5)
(1)

See section 1(7) of the Departments Act (Northern Ireland) 2016 (c. 5 (N.I.))

(3)

S.R. 1997 No. 94; the definition of “relevant scheme” was inserted by regulation 14(a) of S.R. 2015 No. 309

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