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Pensions Act 2004
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- UK Public General Acts
- 2004 c. 35
- SCHEDULE 7
- Power to modify Schedule...
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Changes over time for: Cross Heading: Power to modify Schedule in its application to certain schemes
Alternative versions:
- 10/02/2005- Amendment
- 06/04/2005- Amendment
- 22/01/2018- Amendment
- 22/01/2018
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Pensions Act 2004, Cross Heading: Power to modify Schedule in its application to certain schemes is up to date with all changes known to be in force on or before 10 July 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Power to modify Schedule in its application to certain schemesE+W+S
33[F1(1)] Where the scheme is a prescribed scheme or a scheme of a prescribed description, this Schedule applies with such modifications as may be prescribed. E+W+S
[F2(2)Where the scheme is a variable-rate scheme, regulations under this paragraph may have the effect that the amount of periodic compensation payable to a person is, from a specified time, to be different from the amount that would otherwise be payable under this Schedule.
(3)A “variable-rate scheme” is a scheme under which the annual rate of pension to which a person is entitled would have increased (otherwise than by way of revaluation) or decreased at any time after the assessment date, had the scheme continued in existence until that time (and had the scheme rules remained unchanged).
(4)Where the scheme is a fixed-term scheme, regulations under this paragraph may have the effect that no periodic compensation is to be payable to a person from a specified time.
(5)A “fixed-term scheme” is a scheme under which a person's entitlement to benefits would have ceased at any time after the assessment date, had the scheme continued in existence until that time (and had the scheme rules remained unchanged).
(6)In this paragraph “a specified time” means a time determined in accordance with regulations under this paragraph.]
Textual Amendments
F1 Sch. 7 para. 33 renumbered as Sch. 7 para. 33(1) (22.1.2018) by Pensions Act 2008 (c. 30), s. 149(1), Sch. 8 para. 15; S.I. 2018/63, art. 2
F2Sch. 7 para. 33(2)-(6) added (22.1.2018) by Pensions Act 2008 (c. 30), s. 149(1), Sch. 8 para. 15; S.I. 2018/63, art. 2
Modifications etc. (not altering text)
C1Sch. 7 modified (6.4.2005) by The Pension Protection Fund (Reviewable Ill Health Pensions) Regulations 2005 (S.I. 2005/652), regs. 1(1), 15
C2Sch. 7 applied (with modifications) (6.4.2005) by The Pension Protection Fund (Reviewable Ill Health Pensions) Regulations 2005 (S.I. 2005/652), regs. 1(1), 14(2)
C3Sch. 7 modified (6.4.2005) by The Pension Protection Fund (Compensation) Regulations 2005 (S.I. 2005/670), regs. 1(1), 12 (with reg. 23(3))
C4Sch. 7 applied (with modifications) (6.4.2005) by The Pension Protection Fund (Hybrid Schemes) (Modification) Regulations 2005 (S.I. 2005/449), regs. 1(1), 3(2)-(4)
C5Sch. 7 applied (with modifications) (6.4.2005) by The Pension Protection Fund (Reviewable Ill Health Pensions) Regulations 2005 (S.I. 2005/652), regs. 1(1), 13(1)
Commencement Information
I1Sch. 7 para. 33 in force for the purpose only of conferring power to make regulations, orders or rules, as the case may be, 10.2.2005; and for all other purposes at 6.4.2005 in so far as not already in force by S.I. 2005/275, art. 2(3), Sch. Pt. 3
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