Power to override contract termsN.I.
This section has no associated Explanatory Notes
41.—(1) Paragraph 6 of Schedule 18 to the Pensions Act (Northern Ireland) 2015 (power to restrict charges or impose requirements in relation to schemes: overriding provision) is amended as follows.
(2) After sub-paragraph (1) insert—
“(1A) The Department may by regulations provide that specified provisions override any term of a relevant contract to the extent that it conflicts with them.”.
(3) In sub-paragraph (2), at the end insert “or (1A)”.
(4) After sub-paragraph (2) add—
“(3) “Relevant contract” means a contract between the trustees or managers of a relevant scheme and a person providing services in relation to the scheme.”.
Commencement Information
I1S. 41 in operation at 10.8.2021, see s. 44(1)(d)