Pension Schemes Act (Northern Ireland) 2016 No. 1

PART 2 N.I. COLLECTIVE BENEFITS

Introduction and nature of collective benefits N.I.

Prospective

Introduction and definition N.I.

F1 8  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1 Ss. 8-35 omitted (1.8.2022) by virtue of Pension Schemes Act 2021 (c. 1), s. 131(2)(d)(3)(c), Sch. 11 para. 16(b); S.R. 2022/197, art. 3(f)

Prospective

Duty to set targets for collective benefits N.I.

9  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Prospective

Policy about factors used to determine each benefit N.I.

10  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Prospective

Power to impose requirements about factors used to determine each benefit N.I.

11  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Prospective

Contributions N.I.

Payment schedule N.I.

12  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Overdue contributions and other payments N.I.

13  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Prospective

Investment N.I.

Statement of investment strategy N.I.

14  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Investment performance reports N.I.

15  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Investment powers N.I.

16  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Restriction on borrowing by trustees or managers N.I.

17  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Investment powers: duty of care N.I.

18  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Prospective

Valuation N.I.

Valuation reports N.I.

19  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Valuation process N.I.

20  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Prospective

Dealing with deficits and surpluses N.I.

Policy for dealing with a deficit or surplus N.I.

21  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Power to impose requirements about dealing with a deficit or surplus N.I.

22  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Deficits attributable to an offence or the imposition of a levy N.I.

23  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Payment of amounts out of collective benefit funds N.I.

24  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Prospective

Cash equivalents N.I.

Policy for calculating cash equivalent of benefits N.I.

25  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Prospective

Winding up N.I.

Winding up N.I.

26  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Requirement to wind up scheme in specified circumstances N.I.

27  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Policies about winding up N.I.

28  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Prospective

Identifying assets N.I.

Working out which assets are available for the provision of which benefits N.I.

29  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Prospective

Regulations under Part 2: general N.I.

Requirement to obtain actuarial advice N.I.

30  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sub-delegation N.I.

31  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Publication of documents etc N.I.

32  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Enforcement N.I.

33  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Overriding requirements N.I.

34  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interpretation of Part 2 N.I.

Prospective

Interpretation of Part 2 N.I.

F1 35  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1 Ss. 8-35 omitted (1.8.2022) by virtue of Pension Schemes Act 2021 (c. 1), s. 131(2)(d)(3)(c), Sch. 11 para. 16(b); S.R. 2022/197, art. 3(f)