http://www.legislation.gov.uk/nisr/2021/272/introduction/madeThe Occupational Pension Schemes (Administration, Investment and Charges and Governance) (Amendment) Regulations (Northern Ireland) 2021enGovernment Printer for Northern Ireland2022-03-29PENSIONS These Regulations amend the law relating to the administration of occupational pension schemes. Regulation 2 amends the Occupational Pension Schemes (Scheme Administration) Regulations (Northern Ireland) 1997 to require trustees and managers to report on the return on investments their funds have achieved as part of the annual statement required on governance. It also requires the trustees and managers of schemes holding assets worth less than £100 million to compare the charges and transaction costs and the return on investments of their schemes with three other schemes and to assess the extent to which their schemes satisfy administration and governance criteria as part of their value for members assessment under regulation 25(1A) of those Regulations. Regulation 5 makes a consequential amendment to the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014. 2021 No. 272 Approved by resolution of the Assembly on 21st March 2022 Made 29th September 2021 Coming into operation 1st October 2021 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, Articles 35(7) and 166(1) and (2) of the Pensions (Northern Ireland) Order 1995, and now vested in it, Articles 55(2)(h) and (3) and 287(1) to (3) of the Pensions (Northern Ireland) Order 2005 and sections 42 and 51(6) of, and paragraphs 1, 2, 3 and 6 of Schedule 18 to, the Pensions Act (Northern Ireland) 2015. 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 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)) 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.)) S.I. 2005/255 (N.I. 1) 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