Part 3Pension compensation

C1Chapter 1Pension compensation on divorce etc

Annotations:
Modifications etc. (not altering text)
C1

Pt. 3 Ch. 1 applied (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 42(1), 53, 57 (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2

I1108Interpretation

In this Chapter—

  • “the Board” means the Board of the Pension Protection Fund;

  • “PPF compensation” means compensation payable under the pension compensation provisions;

  • “the pension compensation provisions” means—

    1. a

      Chapter 3 of Part 2 of the Pensions Act 2004 (pension protection) and any regulations or order made under it,

    2. b

      this Chapter and any regulations or order made under it, and

    3. c

      any provision corresponding to the provisions mentioned in paragraph (a) or (b) in force in Northern Ireland;

  • “prescribed” means prescribed by regulations made by the Secretary of State;

  • “the relevant order or provision” means the pension compensation sharing order, or provision contained in a qualifying agreement, which gives rise to the pension compensation sharing;

  • “the transfer day” means the day on which the relevant order or provision takes effect;

  • “the transferee” means the person for whose benefit the relevant order or provision is made;

  • “the transferor” means the person to whose rights the relevant order or provision relates.