Pensions Act 2008 Explanatory Notes

Effect of amendments made by the Schedule

424.Paragraph 15(1) specifies that the amendments made by the Schedule have effect in relation to acts or failures first occurring on or after 14 April 2008.

425.Sub-paragraph (2) provides that the amendments made by paragraph 8 (contribution notices: series of acts or failures to act) have effect for the material detriment test where at least one of the acts or failures occurs or first occurs on or after 14 April 2008, and for all other purposes, where at least one of the acts or failures to act occurs on or after the day on which the Act receives Royal Assent.

426.Sub-paragraph (3) provides that the amendments made by paragraphs 9 and 10 (contribution notices and financial support directions: transfer of members of the scheme) have effect in relation to any case where rights are transferred or extinguished on or after 14 April 2008.

427.Sub-paragraph (4) provides that the amendments made by paragraphs 14 (financial support directions: meaning of “insufficiently resourced”) have effect to enable the Pensions Regulator to make a financial support direction by reference to any time falling on or after 14 April 2008.

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