The Occupational and Personal Pension Schemes (Levy) Regulations 1997

Statutory Instruments

1997 No. 666

PENSIONS

The Occupational and Personal Pension Schemes (Levy) Regulations 1997

Made

6th March 1997

Laid before Parliament

11th March 1997

Coming into force

1st April 1997

The Secretary of State for Social Security, in exercise of the powers conferred by sections 168(1) and (4), 175(1) to (5), (7) and (9), 181(1) and 182(2) and (3) of the Pension Schemes Act 1993(1) and sections 89(2), 124(1), 125(3) and 174(2) and (3) of the Pensions Act 1995(2), and of all other powers enabling him in that behalf, after consulting such persons as he considers appropriate about proposals to make regulation 11 of these Regulations(3) and after agreement by the Occupational Pensions Board that proposals to make regulation 13 of these Regulations should not be referred to them(4), by this instrument, which otherwise contains regulations which are consequential upon section 165 of the Pensions Act 1995 and which are made before the end of the period of six months beginning with the coming into force of the enactments under which they are made(5), hereby makes the following Regulations:

(1)

1993 c. 48. Section 168 was substituted by section 155(1) of the Pensions Act 1995 (c. 26); section 175 was substituted by section 165 of the Pensions Act 1995; section 181(1) is cited because of the meaning ascribed to “prescribe” and “regulations”.

(2)

1995 c. 26. Section 124(1) is cited because of the meaning ascribed to“prescribed” and “regulations”.

(3)

See section 120(1) of the Pensions Act 1995 for the requirement for the Secretary of State to consult such persons as he considers appropriate.

(4)

See section 185(6) of the Pension Schemes Act 1993 and section 173(1)(b) of the Social Security Administration Act 1992 (c. 5) which provide that the requirement for the Secretary of State to refer proposals to make regulations to the Occupational Pensions Board contained in section 185(1) of the Pension Schemes Act 1993 shall not apply in any case where the Board agrees that such proposals should not be referred to them.

(5)

See section 185(6) of the Pension Schemes Act 1993 and section 173(5)(a) of the Social Security Administration Act 1992. The requirement in section 185(1) of the Pension Schemes Act 1993 for the Secretary of State to refer proposals to make regulations under section 175 of that Act to the Occupational Pensions Board does not apply to any regulations contained in this instrument which are consequential upon the enactment of section 165 of the Pensions Act 1995 (which substituted the provisions under which those regulations are made).