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PART 3Pension Protection Fund amendments

Amendment of the Pension Protection Fund (General and Miscellaneous Amendments) Regulations

6.—(1) The Pension Protection Fund (General and Miscellaneous Amendments) Regulations (Northern Ireland) 2006(1) are amended in accordance with paragraphs (2) and (3).

(2) In regulation 8 (further provision for discharge of liabilities in respect of money purchase benefits) after paragraph (1) insert—

(1A) Where, on the date that the Board assumed responsibility for the scheme, the money purchase beneficiary—

(a)had attained normal minimum pension age, or was within six months of attaining that age, or

(b)met the ill-health condition in paragraph 1 of Schedule 28 to the 2004 Act,

the notice sent by the Board under paragraph (1) shall also include the information listed in Part 1, and paragraph 12, of Schedule 9A to the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014(2) (information to be given on the Pensions Guidance)..

(3) In regulation 9A(3) (PPF money purchase lump sums) for paragraph (2) substitute—

(2) The first condition is that the member has attained normal minimum pension age or meets the ill-health condition in paragraph 1 of Schedule 28 to the 2004 Act..

(1)

S.R. 2006 No. 155; relevant amending Regulations are S.R. 2013 No. 95

(2)

S.R. 2014 No. 79; Schedule 9A was inserted by the Schedule to S.R. 2015 No. 154

(3)

Regulation 9A was inserted by regulation 9(5) of S.R. 2013 No. 95