The Occupational Pension Schemes (Administration, Investment and Charges and Governance) (Amendment) Regulations (Northern Ireland) 2021

Statutory Rules of Northern Ireland

2021 No. 272

Pensions

The Occupational Pension Schemes (Administration, Investment and Charges and Governance) (Amendment) Regulations (Northern Ireland) 2021

Made

29th September 2021

Coming into operation

1st October 2021

Approved by resolution of the Assembly on

21st March 2022

The Department for Communities makes the following Regulations in exercise of the powers conferred by sections 109(1) and (5) to (7) and 177(2) to (4) of the Pension Schemes (Northern Ireland) Act 1993(1), Articles 35(7) and 166(1) and (2) of the Pensions (Northern Ireland) Order 1995(2), and now vested in it(3), Articles 55(2)(h) and (3) and 287(1) to (3) of the Pensions (Northern Ireland) Order 2005(4) and sections 42 and 51(6) of, and paragraphs 1, 2, 3 and 6 of Schedule 18 to, the Pensions Act (Northern Ireland) 2015(5).

(1)

1993 c. 49; section 109(1) was amended by section 48(1) of the Child Support, Pensions and Social Security Act (Northern Ireland) 2000 (c. 4 (N.I.)) and is prospectively amended by section 38(2) of the Pension Schemes Act (Northern Ireland) 2016 (c. 1 (N.I.)); section 109(5) to (9) was inserted by section 43 of the Pensions Act (Northern Ireland) 2015 (c. 5 (N.I.)); section 109(5) is prospectively amended by section 38(6) of the Pension Schemes Act (Northern Ireland) 2016

(2)

S.I. 1995/3213 (N.I. 22); Article 35 was substituted by Article 221 of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1))

(3)

See Article 8(b) of S.R. 1999 No. 481 and section 1(7) of the Departments Act (Northern Ireland) 2016 (c. 5 (N.I.))

(4)

S.I. 2005/255 (N.I. 1)

(5)

2015 c. 5 (N.I.); paragraph 6 of Schedule 18 was amended by section 41 of the Pension Schemes Act (Northern Ireland) 2021 (c. 6 (N.I.); see the definitions of “relevant scheme” in paragraphs 1(5) and 2(5) of Schedule 18