Pension Schemes Act 2021 (c. 1)

SCHEDULES

SCHEDULE 6 N.I. Collective money purchase benefits: minor and consequential amendments for Northern Ireland

Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) N.I.

8 N.I. In Article 75 (deficiencies in the assets of certain occupational pension schemes), after paragraph (1) insert—

“(1A) Where a pension scheme is divided into sections, each section that is a collective money purchase scheme for the purposes of Part 2 of the Pension Schemes Act 2021 (see section 52(2)(b) of that Act) is to be treated for the purposes of this Article as a separate occupational pension scheme which is a money purchase scheme.”

Commencement Information

I1 Sch. 6 para. 8 in force at Royal Assent for specified purposes, see s. 131(3)(a)

I2 Sch. 6 para. 8 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)