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(1)Section 174 of the Pension Schemes Act 1993 (grants by the Pensions Regulator to advisory bodies etc) is amended as follows.
(2)After subsection (2) insert—
“(3)The Secretary of State may make grants on such terms and conditions as the Secretary of State thinks fit to any person or body of persons providing advice or assistance, or carrying out other prescribed functions, in connection with occupational or personal pensions.”
(3)For the heading substitute “ Grants to advisory bodies etc ”.
(1)After section 144 of the Pensions Act 2008 insert—
In sections 303 to 305 of the Pensions Act 2004 (service of documents and electronic working) references to that Act are to be treated as including references to the following provisions of this Act—
Chapters 2 and 3 of Part 1;
Chapter 1 of Part 3.”
(2)In section 60 of that Act (requirement to keep records) in subsection (1)(c) for “, on request, to the Regulator” substitute “ to the Regulator on receiving a notification requesting them ”.
(3)In section 150 of that Act (extent) in subsection (2)(f) for “143 to 146” substitute “ 143, 144, 145 and 146 ”.
An amendment or repeal by this Act has the same extent as the enactment amended or repealed.
(1)Any provision of Part 2 that amends another Act so as—
(a)to modify a power to make an order or regulations, or
(b)to confer any such power,
comes into force, for the purposes of the exercise of the power, on the day on which this Act is passed.
(2)The following provisions of this Act come into force on that day—
(a)sections 30 to 33;
(3)The following provisions of this Act come into force at the end of the period of 2 months beginning with that day—
(a)section 1 (and Schedule 1);
(4)The other provisions of this Act come into force in accordance with provision made by order by the Secretary of State.
(5)An order under subsection (4) may appoint different days for different purposes.
(6)The Secretary of State may by order make transitional, transitory or saving provision in connection with the coming into force of any provision of this Act.
(7)An order under subsection (4) or (6) is to be made by statutory instrument.
This Act may be cited as the Pensions Act 2011.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:
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