The Pension Protection Fund (Pensions on Divorce etc: Charges) Regulations 2011

Citation, commencement and interpretation

1.—(1) These Regulations may be cited as the Pension Protection Fund (Pensions on Divorce etc: Charges) Regulations 2011 and shall come into force on 6th April 2011.

(2) In these Regulations—

“implementation period” has the same meaning as in section 34(1) of the Welfare Reform and Pensions Act 1999(1);

“party” means a party to a pension sharing order or provision, or to a pension attachment order or provision;

“pension attachment order or provision” means an order or provision which is made under or by virtue of any of the provisions specified in regulation 2(1)(b) to (f), or (in Scotland) a provision contained in a qualifying agreement corresponding to provision which may be made by an order under section 8(1)(ba) of the Family Law (Scotland) Act 1985(orders for financial provision)(2) ;

“pension sharing order or provision” means an order or (in Scotland) a provision contained in a qualifying agreement, which provides that one party’s shareable rights under a specified occupational pension scheme be subject to pension sharing for the benefit of the other party, and specifies the percentage value or (in Scotland) the amount to be transferred.

“PPF compensation” means compensation payable under the pension compensation provisions specified in section 162(2) of the Pensions Act 2004 or Article 146(2) of the Pensions (Northern Ireland) Order 2005(3);

(1)

1999 c. 30. Section 34 was amended by paragraph 160 of Schedule 27 to the Civil Partnership Act 2004 (c. 33).

(2)

1985 c. 37. Section 8(1)(ba) was inserted by section 167(1) of the Pensions Act 1995 (c. 26).

(3)

S.I. 2005/255 (N.I. 1).