Explanatory Memorandum

Pensions Act (Northern Ireland) 2015

2015 CHAPTER 5

23 June 2015

Commentary on Sections

Part 6 – Private Pensions

Section 46: Pensions Regulator’s objectives

This section sets out an additional objective for the Pensions Regulator, which states that when carrying out its functions in relation to scheme funding the Pensions Regulator should minimise any adverse impact on the sustainable growth of sponsoring employers. This objective is in addition to the Regulator’s existing five objectives, set out in Article 4(1) of the 2005 Order.