Please note:
All reference to 'Parts' and 'sections' are from the Pensions Act 2004. For other versions of these Explanatory Notes, see More Resources.
Part 1 – the Pensions Regulator
New powers in respect of occupational and personal pension schemes
Powers in relation to winding-up of occupational pension schemes
Section 26: Validation of action in contravention of freezing order
Section 27: Effect of determination to wind up scheme on freezing order
Section 29: Effect of assessment period under Part 2 on freezing order
Section 30: Power to give a direction where freezing order ceases to have effect
Section 31: Notification of trustees, managers, employers and members
Contribution notices where avoidance of employer debt
Section 38: Contribution notices where avoidance of employer debt
Section 39: The sum specified in a section 38 contribution notice
Section 40: Content and effect of a section 38 contribution notice
Section 41: Section 38 contribution notice: relationship with employer debt
Section 42: Section 38 contribution notices: clearance statements
Section 44: Meaning of “service company” and “insufficiently resourced”
Section 46: Financial support directions: clearance statements
Section 47: Contribution notices where non-compliance with financial support direction
Section 48: The sum specified in a section 47 contribution notice
Section 49: Content and effect of a section 47 contribution notice
Section 50: Section 47 contribution notice: relationship with employer debt
Sections 38 to 56: partnerships and limited liability partnerships
Collecting information relevant to the Board of the Pension Protection Fund
Section 83: Information supplied to the Regulator by corresponding overseas authorities
Section 84: Disclosure for facilitating exercise of functions by the Regulator
Section 85: Disclosure for facilitating exercise of functions by the Board
Section 86: Disclosure for facilitating exercise of functions by other supervisory authorities
Part 2 – the Board of the Pension Protection Fund
Chapter 2 – Information Relating to Employer’s Insolvency etc
Chapter 3 – Pension Protection
Circumstances in which Board assumes responsibility for eligible schemes
Section 127: Duty to assume responsibility for schemes following insolvency event
Section 128: Duty to assume responsibility for schemes following application or notification
Section 129: Applications and notifications for the purposes of section 128
Section 130: Board’s duty where application or notification received under section 129
Schedule 6: Transfer of Property, rights and liabilities to the Board
Schedule 7: Pension compensation provisions
Deferred members who have not attained normal pension age at assessment date
Compensation in respect of scheme right to transfer payment or contribution refund
Pension credit members who have not attained normal benefit age at assessment date
Survivors who do not meet conditions for scheme benefits at assessment date
Secretary of State’s powers to vary percentage paid as compensation
Special provision in relation to certain pensions in payment before the assessment date
Short periods of service which terminate on commencement of assessment date
Power to modify Schedule in its application to certain schemes
Section 163: Adjustments to be made where the Board assumes responsibility for a scheme
Section 164: Postponement of compensation entitlement for the assessment period
Section 166: Duty to pay scheme benefits unpaid at assessment date
Section 167: Modification of Chapter where liabilities discharged during assessment period
Chapter 6 – Reviews, Appeals and Maladministration
Section 207: Review and reconsideration by the Board of reviewable matters
Section 208: Investigation by the Board of complaints of maladministration
Part 5 – Occupational and Personal Pension Schemes: Miscellaneous Provisions
Modification of pension rights
Section 264: Early leavers: cash transfer sums and contribution refunds
Section 101AB – Right to cash transfer sum and contribution return
Section 101AC – Notification of right to cash transfer sum or contribution refund
Section 101AF – Calculation of cash transfer sum and contribution refund
Section 101AG – Duties of trustees or managers following exercise of right
Section 101AH – Powers of trustees or managers where right not exercised
Section 101AI – Rights under section 101AB: further provisions
Deficiency in assets of certain occupational pension schemes
Part 6 – Financial Assistance Scheme for Members of Certain Pension Schemes
Part 7 – Cross-Border Activities Within European Union
UK occupational pension scheme receiving contributions from European employer
Section 287: Occupational pension scheme receiving contributions from European employer
Section 288: General authorisation to accept contributions from European employers
Section 289: Approval in relation to particular European employer
Section 290: Notification of legal requirements of host Member State outside United Kingdom
Section 291: Duty of trustees or managers to act consistently with law of host Member State
Section 292: Power of Regulator to require ring-fencing of assets
European occupational pension scheme receiving contributions from UK employer
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