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Financial Guidance and Claims Act 2018

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12Levies under Pension Schemes Act 1993 and Pension Schemes (NI) Act 1993

(1)In section 175(1) of the Pension Schemes Act 1993 (power to make regulations imposing levies to meet certain expenditure)—

(a)omit the “or” at the end of paragraph (c), and

(b)after paragraph (d) insert or

(e)under section 11 of the Financial Guidance and Claims Act 2018 (financial assistance from Secretary of State) relating to the single financial guidance body’s pensions guidance function (see section 3 of that Act),.

(2)In section 170(1) of the Pension Schemes (Northern Ireland) Act 1993 (power to make regulations imposing levies to meet certain expenditure)—

(a)omit the “or” at the end of paragraph (c), and

(b)after paragraph (d) insert or

(e)under section 11 of the Financial Guidance and Claims Act 2018 (financial assistance from Secretary of State) relating to the single financial guidance body’s pensions guidance function (see section 3 of that Act),.

(3)References in regulations made under section 175(1) of the Pension Schemes Act 1993 (including regulations in force before the commencement of this section) to “expenditure referred to in section 175(1) of the 1993 Act” are to be read as references to expenditure referred to in section 175(1) of the Pension Schemes Act 1993 as amended by this section.

(4)References in regulations made under section 170(1) of the Pension Schemes (Northern Ireland) Act 1993 (including regulations in force before the commencement of this section) to “expenditure referred to in section 170(1) of the Act” are to be read as references to expenditure referred to in section 170(1) of the Pension Schemes (Northern Ireland) Act 1993 as amended by this section.

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