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Pension Schemes Act 2021

Changes to legislation:

Pension Schemes Act 2021 is up to date with all changes known to be in force on or before 07 January 2026. There are changes that may be brought into force at a future date. Help about Changes to Legislation

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Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the affected provisions when you open the content using the Table of Contents below.

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You searched for provisions that are applicable to England. The matching provisions are highlighted below. Where no highlighting is shown the matching result may be contained within a footnote.

  1. Introductory TextNext Match

  2. PART 1 Collective money purchase benefitsPrevious MatchNext Match

    1. DefinitionsPrevious MatchNext Match

      1. 1.Collective money purchase benefits and schemesPrevious MatchNext Match

      2. 2.Qualifying benefitsPrevious MatchNext Match

      3. 3.Qualifying schemesPrevious MatchNext Match

      4. 4.Qualifying schemes: supplementaryPrevious MatchNext Match

      5. 5.Schemes divided into sectionsPrevious MatchNext Match

      6. 6.Amendment of definitions of “money purchase benefits” etcPrevious MatchNext Match

    2. AuthorisationPrevious MatchNext Match

      1. 7.Authorisation of collective money purchase schemesPrevious MatchNext Match

      2. 8.Application for authorisationPrevious MatchNext Match

      3. 9.Decision on applicationPrevious MatchNext Match

      4. 10.Reference to Tribunal of refusal to grant authorisationPrevious MatchNext Match

    3. Authorisation criteriaPrevious MatchNext Match

      1. 11.Fit and proper persons requirementPrevious MatchNext Match

      2. 12.Scheme design requirementPrevious MatchNext Match

      3. 13.Viability reportPrevious MatchNext Match

      4. 14.Financial sustainability requirementPrevious MatchNext Match

      5. 15.Communication requirementPrevious MatchNext Match

      6. 16.Systems and processes requirementsPrevious MatchNext Match

      7. 17.Continuity strategy requirementPrevious MatchNext Match

    4. Valuation and benefit adjustmentPrevious MatchNext Match

      1. 18.Calculation of benefitsPrevious MatchNext Match

      2. 19.Advice of scheme actuaryPrevious MatchNext Match

      3. 20.Actuarial valuationsPrevious MatchNext Match

      4. 21.Certificate that actuarial valuation prepared in accordance with scheme rulesPrevious MatchNext Match

      5. 22.Benefits adjustmentsPrevious MatchNext Match

      6. 23.Powers of the Pensions RegulatorPrevious MatchNext Match

    5. Members' rightsPrevious MatchNext Match

      1. 24.Rules about modifying schemesPrevious MatchNext Match

      2. 25.Transfer rightsPrevious MatchNext Match

    6. Ongoing supervisionPrevious MatchNext Match

      1. 26.List of authorised schemesPrevious MatchNext Match

      2. 27.Requirement to submit supervisory returnPrevious MatchNext Match

      3. 28.Duty to notify the Pensions Regulator of significant eventsPrevious MatchNext Match

      4. 29.Risk noticesPrevious MatchNext Match

      5. 30.Withdrawal of authorisationPrevious MatchNext Match

    7. Triggering events and continuity optionsPrevious MatchNext Match

      1. 31.Triggering eventsPrevious MatchNext Match

      2. 32.Triggering event periodsPrevious MatchNext Match

      3. 33.Notification of triggering eventsPrevious MatchNext Match

      4. 34.Continuity optionsPrevious MatchNext Match

      5. 35.When a decision to withdraw authorisation becomes finalPrevious MatchNext Match

      6. 36.Continuity option 1: discharge of liabilities and winding upPrevious MatchNext Match

      7. 37.Continuity option 2: resolving triggering eventPrevious MatchNext Match

      8. 38.Continuity option 3: conversion to closed schemePrevious MatchNext Match

      9. 39.Implementation strategyPrevious MatchNext Match

      10. 40.Approval of implementation strategyPrevious MatchNext Match

      11. 41.Trustees' duties once implementation strategy approvedPrevious MatchNext Match

      12. 42.Prohibition on winding up except in accordance with continuity option 1Previous MatchNext Match

      13. 43.Periodic reporting requirementsPrevious MatchNext Match

      14. 44.Pause ordersPrevious MatchNext Match

      15. 45.Prohibition on increasing charges etc during triggering event periodPrevious MatchNext Match

    8. Publication of informationPrevious MatchNext Match

      1. 46.Publication of informationPrevious MatchNext Match

    9. Powers to make further provisionPrevious MatchNext Match

      1. 47.Powers to extend definition of qualifying schemesPrevious MatchNext Match

    10. SupplementaryPrevious MatchNext Match

      1. 48.Minor and consequential amendmentsPrevious MatchNext Match

      2. 49.Interpretation of Part 1Previous MatchNext Match

      3. 50.Index of defined expressionsPrevious MatchNext Match

      4. 51.RegulationsPrevious MatchNext Match

  3. PART 2 Collective money purchase benefits: Northern Ireland

    1. Definitions

      1. 52.Collective money purchase benefits and schemes

      2. 53.Qualifying benefits

      3. 54.Qualifying schemes

      4. 55.Qualifying schemes: supplementary

      5. 56.Schemes divided into sections

      6. 57.Amendment of definitions of “money purchase benefits” etc

    2. Authorisation

      1. 58.Authorisation of collective money purchase schemes

      2. 59.Application for authorisation

      3. 60.Decision on application

      4. 61.Reference to Tribunal of refusal to grant authorisation

    3. Authorisation criteria

      1. 62.Fit and proper persons requirement

      2. 63.Scheme design requirement

      3. 64.Viability report

      4. 65.Financial sustainability requirement

      5. 66.Communication requirement

      6. 67.Systems and processes requirements

      7. 68.Continuity strategy requirement

    4. Valuation and benefit adjustment

      1. 69.Calculation of benefits

      2. 70.Advice of scheme actuary

      3. 71.Actuarial valuations

      4. 72.Certificate that actuarial valuation prepared in accordance with scheme rules

      5. 73.Benefits adjustments

      6. 74.Powers of the Pensions Regulator

    5. Members' rights

      1. 75.Rules about modifying schemes

      2. 76.Transfer rights

    6. Ongoing supervision

      1. 77.List of authorised schemes

      2. 78.Requirement to submit supervisory return

      3. 79.Duty to notify the Pensions Regulator of significant events

      4. 80.Risk notices

      5. 81.Withdrawal of authorisation

    7. Triggering events and continuity options

      1. 82.Triggering events

      2. 83.Triggering event periods

      3. 84.Notification of triggering events

      4. 85.Continuity options

      5. 86.When a decision to withdraw authorisation becomes final

      6. 87.Continuity option 1: discharge of liabilities and winding up

      7. 88.Continuity option 2: resolving triggering event

      8. 89.Continuity option 3: conversion to closed scheme

      9. 90.Implementation strategy

      10. 91.Approval of implementation strategy

      11. 92.Trustees' duties once implementation strategy approved

      12. 93.Prohibition on winding up except in accordance with continuity option 1

      13. 94.Periodic reporting requirements

      14. 95.Pause orders

      15. 96.Prohibition on increasing charges etc during triggering event period

    8. Publication of information

      1. 97.Publication of information

    9. Powers to make further provision

      1. 98.Powers to extend definition of qualifying schemes

    10. Supplementary

      1. 99.Minor and consequential amendments

      2. 100.Interpretation of Part 2

      3. 101.Index of defined expressions

      4. 102.Regulations

  4. PART 3 The Pensions RegulatorPrevious MatchNext Match

    1. Contribution notices where avoidance of employer debt etcPrevious MatchNext Match

      1. 103.Grounds for issuing a section 38 contribution noticePrevious MatchNext Match

      2. 104.Reasonableness of issuing a contribution noticePrevious MatchNext Match

      3. 105.Determination of sum specified in a contribution noticePrevious MatchNext Match

      4. 106.Sanctions for failure to comply with a contribution noticePrevious MatchNext Match

    2. Sanctions for avoidance of employer debt etcPrevious MatchNext Match

      1. 107.Sanctions for avoidance of employer debt etcPrevious MatchNext Match

    3. Collecting informationPrevious MatchNext Match

      1. 108.Duty to notify the Regulator of certain eventsPrevious MatchNext Match

      2. 109.Duty to give notices and statements to the Regulator in respect of certain eventsPrevious MatchNext Match

    4. Gathering informationPrevious MatchNext Match

      1. 110.InterviewsPrevious MatchNext Match

      2. 111.Inspection of premisesPrevious MatchNext Match

      3. 112.Fixed penalty notices and escalating penalty noticesPrevious MatchNext Match

    5. Provision of false or misleading informationPrevious MatchNext Match

      1. 113.Provision of false or misleading information to RegulatorPrevious MatchNext Match

      2. 114.Provision of false or misleading information to trustees or managersPrevious MatchNext Match

    6. Financial penaltiesPrevious MatchNext Match

      1. 115.Financial penaltiesPrevious MatchNext Match

    7. SupplementaryPrevious MatchNext Match

      1. 116.Minor and consequential amendmentsPrevious MatchNext Match

    8. Northern Ireland

      1. 117.The Pensions Regulator: Northern Ireland

  5. PART 4 Pensions dashboardsPrevious MatchNext Match

    1. 118.Qualifying pensions dashboard servicePrevious MatchNext Match

    2. 119.Information from occupational pension schemesPrevious MatchNext Match

    3. 120.Pensions dashboards: Northern Ireland

    4. 121.Information from personal and stakeholder pension schemesPrevious MatchNext Match

    5. 122.The Money and Pensions Service: the pensions guidance functionPrevious MatchNext Match

  6. PART 5 Further provision relating to pension schemesPrevious MatchNext Match

    1. Scheme fundingPrevious MatchNext Match

      1. 123.Funding of defined benefit schemesPrevious MatchNext Match

    2. Climate change riskPrevious MatchNext Match

      1. 124.Climate change riskPrevious MatchNext Match

    3. Transfer rightsPrevious MatchNext Match

      1. 125.Exercise of right to cash equivalentPrevious MatchNext Match

    4. The Pension Protection FundPrevious MatchNext Match

      1. 126.Modification of provisions relating to pensionable servicePrevious MatchNext Match

    5. Administration chargesPrevious MatchNext Match

      1. 127.Administration chargesPrevious MatchNext Match

    6. Categories of pension schemesPrevious MatchNext Match

      1. 128.Pension Schemes Act 2015: repealsPrevious MatchNext Match

    7. Northern Ireland

      1. 129.Further provision relating to pension schemes: Northern Ireland

  7. PART 6 FinalPrevious MatchNext Match

    1. 130.ExtentPrevious MatchNext Match

    2. 131.CommencementPrevious MatchNext Match

    3. 132.Short titlePrevious MatchNext Match

  8. SCHEDULES

    1. SCHEDULE 1Previous MatchNext Match

      Money purchase benefitsPrevious MatchNext Match

      1. Building Societies Act 1986 (c. 53)Previous MatchNext Match

        1. 1.(1) Schedule 10A to the Building Societies Act 1986 (disclosures...Previous MatchNext Match

      2. Pension Schemes Act 1993 (c. 48)Previous MatchNext Match

        1. 2.The Pension Schemes Act 1993 is amended as follows. Previous MatchNext Match

        2. 3.(1) Section 181(1) (general interpretation) is amended as follows. Previous MatchNext Match

        3. 4.In section 181B(1) (money purchase benefits: supplementary), for “the definition”...Previous MatchNext Match

      3. Pensions Act 2008 (c. 30)Previous MatchNext Match

        1. 5.The Pensions Act 2008 is amended as follows. Previous MatchNext Match

        2. 6.(1) Section 99 (interpretation of Part 1: pension scheme membership...Previous MatchNext Match

        3. 7.In section 99A(1) (money purchase benefits: supplementary), for “the definition”...Previous MatchNext Match

    2. SCHEDULE 2Previous MatchNext Match

      Pause ordersPrevious MatchNext Match

      1. Consequences of a pause orderPrevious MatchNext Match

        1. 1.(1) If a pause order is made in relation to...Previous MatchNext Match

      2. Period of effect etc of pause orderPrevious MatchNext Match

        1. 2.(1) A pause order must specify the period for which...Previous MatchNext Match

      3. Validation of action in contravention of pause orderPrevious MatchNext Match

        1. 3.(1) If a pause order is made in relation to...Previous MatchNext Match

      4. Notification of trustees, employers and membersPrevious MatchNext Match

        1. 4.(1) This paragraph applies where— (a) a pause order is...Previous MatchNext Match

      5. SupplementaryPrevious MatchNext Match

        1. 5.(1) A pause order, or an order made under any...Previous MatchNext Match

    3. SCHEDULE 3Previous MatchNext Match

      Collective money purchase benefits: minor and consequential amendmentsPrevious MatchNext Match

      1. Pension Schemes Act 1993 (c. 48)Previous MatchNext Match

        1. 1.The Pension Schemes Act 1993 is amended as follows. Previous MatchNext Match

        2. 2.(1) Section 84 (basis of revaluation of accrued benefits) is...Previous MatchNext Match

        3. 3.In section 101AI (right to cash transfer sum and contribution...Previous MatchNext Match

        4. 4.In section 186 (Parliamentary control of orders and regulations), in...Previous MatchNext Match

        5. 5.In Schedule 3 (methods of revaluing accrued pension benefits), in...Previous MatchNext Match

      2. Pensions Act 1995 (c. 26)Previous MatchNext Match

        1. 6.The Pensions Act 1995 is amended as follows. Previous MatchNext Match

        2. 7.In section 51 (annual increase in rate of pension), after...Previous MatchNext Match

        3. 8.In section 75 (deficiencies in the assets of certain occupational...Previous MatchNext Match

        4. 9.In section 87 (schedules of payments to money purchase schemes),...Previous MatchNext Match

        5. 10.In section 89 (application of further provisions to money purchase...Previous MatchNext Match

      3. Pensions Act 2004 (c. 35)Previous MatchNext Match

        1. 11.The Pensions Act 2004 is amended as follows. Previous MatchNext Match

        2. 12.In section 13 (improvement notices), in subsection (7), after paragraph...Previous MatchNext Match

        3. 13.(1) Section 90 (codes of practice) is amended as follows....Previous MatchNext Match

        4. 14.(1) Section 93(2) (regulatory functions of the Pensions Regulator) is...Previous MatchNext Match

        5. 15.In section 97(5) (special procedure: applicable cases), after paragraph (tf)...Previous MatchNext Match

        6. 16.In section 126 (schemes eligible for pension protection), after subsection...Previous MatchNext Match

        7. 17.In section 249A (requirement for an effective system of governance),...Previous MatchNext Match

        8. 18.In section 254 (representative of non-European scheme to be treated...Previous MatchNext Match

        9. 19.In section 291 (duty of trustees or managers to act...Previous MatchNext Match

        10. 20.In section 318 (general interpretation), in subsection (3)— Previous MatchNext Match

        11. 21.In Schedule 2 (the reserved regulatory functions), after Part 4A...Previous MatchNext Match

      4. Pensions Act 2008 (c. 30)Previous MatchNext Match

        1. 22.In section 31 of the Pensions Act 2008 (effect of...Previous MatchNext Match

      5. Pensions Act 2014 (c. 19)Previous MatchNext Match

        1. 23.The Pensions Act 2014 is amended as follows. Previous MatchNext Match

        2. 24.In section 54(2) (regulations subject to affirmative procedure), omit the...Previous MatchNext Match

        3. 25.(1) Schedule 18 (power to restrict charges or impose requirements...Previous MatchNext Match

    4. SCHEDULE 4

      Money purchase benefits: Northern Ireland

      1. Building Societies Act 1986 (c. 53)

        1. 1.In Schedule 10A to the Building Societies Act 1986 (disclosures...

      2. Pension Schemes (Northern Ireland) Act 1993 (c. 49)

        1. 2.The Pension Schemes (Northern Ireland) Act 1993 is amended as...

        2. 3.(1) Section 176(1) (general interpretation) is amended as follows.

        3. 4.In section 176B(1) (money purchase benefits: supplementary), for “the definition”...

      3. Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13 (N.I.))

        1. 5.The Pensions (No. 2) Act (Northern Ireland) 2008 is amended...

        2. 6.(1) Section 78 (interpretation of Part 1: pension scheme membership...

        3. 7.In section 78A(1) (money purchase benefits: supplementary), for “the definition”...

    5. SCHEDULE 5

      Pause orders: Northern Ireland

      1. Consequences of a pause order

        1. 1.(1) If a pause order is made in relation to...

      2. Period of effect etc of pause order

        1. 2.(1) A pause order must specify the period for which...

      3. Validation of action in contravention of pause order

        1. 3.(1) If a pause order is made in relation to...

      4. Notification of trustees, employers and members

        1. 4.(1) This paragraph applies where— (a) a pause order is...

      5. Supplementary

        1. 5.(1) A pause order, or an order made under any...

    6. SCHEDULE 6

      Collective money purchase benefits: minor and consequential amendments for Northern Ireland

      1. Pension Schemes (Northern Ireland) Act 1993 (c. 49)

        1. 1.The Pension Schemes (Northern Ireland) Act 1993 is amended as...

        2. 2.(1) Section 80 (basis of revaluation of accrued benefits) is...

        3. 3.In section 97AI (right to cash transfer sum and contribution...

        4. 4.In section 181 (Assembly, etc. control of regulations and orders),...

        5. 5.In Schedule 2 (methods of revaluing accrued pension benefits), in...

      2. Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22))

        1. 6.The Pensions (Northern Ireland) Order 1995 is amended as follows....

        2. 7.In Article 51 (annual increase in rate of pension), after...

        3. 8.In Article 75 (deficiencies in the assets of certain occupational...

        4. 9.In Article 85 (schedules of payments to money purchase schemes),...

        5. 10.In Article 87 (application of further provisions to money purchase...

      3. Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1))

        1. 11.The Pensions (Northern Ireland) Order 2005 is amended as follows....

        2. 12.In Article 2 (general interpretation), in paragraph (4)—

        3. 13.In Article 9 (improvement notices), in paragraph (7)—

        4. 14.(1) Article 85 (codes of practice) is amended as follows....

        5. 15.In Article 88(2) (regulatory functions of the Pensions Regulator)—

        6. 16.In Article 92(5) (special procedure: applicable cases), after sub-paragraph (ta)...

        7. 17.In Article 110 (schemes eligible for pension protection), after paragraph...

        8. 18.In Article 226A (requirement for an effective system of governance),...

        9. 19.In Article 231 (representative of non-European scheme to be treated...

        10. 20.In Article 267 (duty of trustees or managers to act...

        11. 21.In Schedule 2 (the reserved regulatory functions), after Part 4...

      4. Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13 (N.I.))

        1. 22.(1) Section 31 of the Pensions (No. 2) Act (Northern...

      5. Pensions Act (Northern Ireland) 2015 (c. 5 (N.I.))

        1. 23.The Pensions Act (Northern Ireland) 2015 is amended as follows....

        2. 24.In section 51(4) (regulations subject to confirmatory procedure), omit the...

        3. 25.(1) Schedule 18 (power to restrict charges or impose requirements...

    7. SCHEDULE 7Previous MatchNext Match

      The Pensions Regulator: minor and consequential amendmentsPrevious MatchNext Match

      1. Pensions Act 1995 (c. 26)Previous MatchNext Match

        1. 1.In section 10 of the Pensions Act 1995 (civil penalties),...Previous MatchNext Match

      2. Pensions Act 2004 (c. 35)Previous MatchNext Match

        1. 2.The Pensions Act 2004 is amended as follows. Previous MatchNext Match

        2. 3.In section 38B (section 38 contribution notice issued by reference...Previous MatchNext Match

        3. 4.In section 75 (inspection of premises: powers of inspectors), in...Previous MatchNext Match

        4. 5.(1) Section 76 (inspection of premises: supplementary) is amended as...Previous MatchNext Match

        5. 6.In section 78 (warrants), in subsection (1)(c)(iii)— Previous MatchNext Match

        6. 7.(1) Section 80 (offences of providing false or misleading information)...Previous MatchNext Match

        7. 8.In section 90 (codes of practice), in subsection (2)— Previous MatchNext Match

        8. 9.(1) Section 96 (the Regulator's standard procedure in relation to...Previous MatchNext Match

        9. 10.In section 256 (no indemnification for fines or civil penalties),...Previous MatchNext Match

        10. 11.(1) Section 310 (admissibility of statements) is amended as follows....Previous MatchNext Match

        11. 12.(1) Section 316 (Parliamentary control of subordinate legislation) is amended...Previous MatchNext Match

        12. 13.(1) In Schedule 1 (the Pensions Regulator), in Part 4...Previous MatchNext Match

        13. 14.In Schedule 2 (the reserved regulatory functions), after paragraph 41...Previous MatchNext Match

      3. Pensions Act 2008 (c. 30)Previous MatchNext Match

        1. 15.The Pensions Act 2008 is amended as follows. Previous MatchNext Match

        2. 16.In section 40 (fixed penalty notices), in subsection (1)— Previous MatchNext Match

        3. 17.In section 41 (escalating penalty notices), in subsection (1)— Previous MatchNext Match

      4. Pension Schemes Act 2017 (c. 17)Previous MatchNext Match

        1. 18.The Pension Schemes Act 2017 is amended as follows. Previous MatchNext Match

        2. 19.(1) Section 17 (fixed penalty notice for failure to comply...Previous MatchNext Match

        3. 20.(1) Section 18 (escalating penalty notice for failure to comply...Previous MatchNext Match

    8. SCHEDULE 8

      The Pensions Regulator: Northern Ireland

      1. PART 1 Amendments of the Pensions (Northern Ireland) Order 2005

        1. Introductory

          1. 1.The Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1))...

        2. Grounds for issuing an Article 34 contribution notice

          1. 2.(1) In Article 34 (contribution notices where avoidance of employer...

        3. Reasonableness of issuing contribution notice

          1. 3.(1) Article 34 (contribution notices where avoidance of employer debt)...

        4. Determination of sum specified in a contribution notice

          1. 4.(1) Article 35 (the sum specified in an Article 34...

        5. Sanctions for failure to comply with a contribution notice

          1. 5.(1) In Article 36 (content and effect of an Article...

        6. Sanctions for avoidance of employer debt etc

          1. 6.(1) After Article 54 insert— Sanctions for avoidance of employer...

        7. Duty to notify the Regulator of certain events

          1. 7.(1) In Article 64 (duty to notify the Regulator of...

        8. Duty to give notices and statements to the Regulator in respect of certain events

          1. 8.(1) After Article 64 insert— Duty to give notices and...

        9. Interviews

          1. 9.(1) After Article 67 insert— Interviews (1) The Regulator may, by notice in writing, require any...

        10. Inspection of premises

          1. 10.(1) Article 68 (inspection of premises) is amended as follows....

        11. Fixed penalty notices and escalating penalty notices

          1. 11.After Article 72 (penalties relating to Articles 67 to 70)...

        12. Provision of false or misleading information to Regulator

          1. 12.After Article 75 (offences of providing false or misleading information)...

        13. Provision of false or misleading information to trustees or managers

          1. 13.After Article 75A (inserted by paragraph 12) insert— Financial penalty...

        14. Financial penalties

          1. 14.After Article 83 insert— Financial penalties Financial penalties (1) Where the Regulator is satisfied that by reason of...

      2. PART 2 Minor and consequential amendments

        1. Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22))

          1. 15.In Article 10 of the Pensions (Northern Ireland) Order 1995...

        2. Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1))

          1. 16.The Pensions (Northern Ireland) Order 2005 is amended as follows....

          2. 17.In Article 34B (Article 34 contribution notice issued by reference...

          3. 18.In Article 70 (inspection of premises: powers of inspectors), in...

          4. 19.(1) Article 71 (inspection of premises: supplementary) is amended as...

          5. 20.In Article 73 (warrants), in paragraph (1)(c)(iii)—

          6. 21.(1) Article 75 (offences of providing false or misleading information)...

          7. 22.In Article 85 (codes of practice), in paragraph (2)—

          8. 23.(1) Article 91 (the Regulator's standard procedure in relation to...

          9. 24.In Article 233 (no indemnification for fines or civil penalties),...

          10. 25.(1) Article 282 (admissibility of statements) is amended as follows....

          11. 26.(1) Article 288 (Assembly etc. control of orders and regulations)...

          12. 27.In Schedule 1 (the Pensions Regulator), in Part 1 (delegation),...

          13. 28.In Schedule 2 (the reserved regulatory functions), after paragraph 41...

        3. Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13 (N.I.))

          1. 29.The Pensions (No. 2) Act (Northern Ireland) 2008 is amended...

          2. 30.In section 40 (fixed penalty notices), in subsection (1)—

          3. 31.In section 41 (escalating penalty notices), in subsection (1)—

    9. SCHEDULE 9

      Pensions dashboards: Northern Ireland

      1. Introductory

        1. 1.The Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1))...

      2. Qualifying pensions dashboard service

        1. 2.After Article 215 insert— Pensions dashboards Qualifying pensions dashboard service...

      3. Information from occupational pension schemes

        1. 3.After Article 215C (inserted by paragraph 2) insert— Information from...

      4. Admissibility of statements

        1. 4.In Article 282 (admissibility of statements), in paragraph (3)(b), after...

      5. Assembly control of regulations

        1. 5.In Article 288 (Assembly etc control of orders and regulations),...

      6. The Pensions Regulator: delegation

        1. 6.In Schedule 1 (the Pensions Regulator), in Part 1 (delegation),...

    10. SCHEDULE 10Previous MatchNext Match

      Funding of defined benefit schemesPrevious MatchNext Match

      1. PART 1 Amendments of Part 3 of the Pensions Act 2004Previous MatchNext Match

        1. 1.Part 3 of the Pensions Act 2004 (scheme funding) is...Previous MatchNext Match

        2. 2.Before section 222 insert— Funding and investment strategy (1) The trustees or managers must determine, and from time...Previous MatchNext Match

        3. 3.(1) Section 222 (the statutory funding objective) is amended as...Previous MatchNext Match

        4. 4.(1) Section 224 (actuarial valuations and reports) is amended as...Previous MatchNext Match

        5. 5.In section 226 (recovery plan), after subsection (3) insert— Previous MatchNext Match

        6. 6.In section 229 (matters requiring agreement of employer), in subsection...Previous MatchNext Match

        7. 7.(1) Section 231 (powers of the Regulator) is amended as...Previous MatchNext Match

      2. PART 2 Minor and consequential amendmentsPrevious MatchNext Match

        1. 8.The Pensions Act 2004 is amended as follows. Previous MatchNext Match

        2. 9.In section 60 (registrable information), in subsection (2), after paragraph...Previous MatchNext Match

        3. 10.In section 80 (offences of providing false or misleading information),...Previous MatchNext Match

        4. 11.In section 316 (Parliamentary control of subordinate legislation), in subsection...Previous MatchNext Match

    11. SCHEDULE 11

      Further provision relating to pension schemes: Northern Ireland

      1. PART 1 Funding of defined benefit schemes

        1. Amendments of Part 4 of the Pensions (Northern Ireland) Order 2005

          1. 1.Part 4 of the Pensions (Northern Ireland) Order 2005 (S.I....

          2. 2.Before Article 201 insert— Funding and investment strategy (1) The trustees or managers must determine, and from time...

          3. 3.(1) Article 201 (the statutory funding objective) is amended as...

          4. 4.(1) Article 203 (actuarial valuations and reports) is amended as...

          5. 5.In Article 205 (recovery plan), after paragraph (3) insert—

          6. 6.In Article 208 (matters requiring agreement of employer), in paragraph...

          7. 7.(1) Article 210 (powers of the Regulator) is amended as...

        2. Minor and consequential amendments

          1. 8.The Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1))...

          2. 9.In Article 55 (registrable information), in paragraph (2), after sub-paragraph...

          3. 10.In Article 75 (offences of providing false or misleading information),...

          4. 11.In Article 288 (Assembly etc control of orders and regulations),...

      2. PART 2 Other provision

        1. Climate change risk

          1. 12.(1) The Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I....

        2. Transfer rights: exercise of right to cash equivalent

          1. 13.(1) The Pension Schemes (Northern Ireland) Act 1993 is amended...

        3. The Pension Protection Fund: modification of provisions relating to pensionable service

          1. 14.(1) The amendments of the Pension Protection Fund (Compensation) Regulations...

        4. Administration charges

          1. 15.(1) In Article 3 of the Welfare Reform and Pensions...

        5. Categories of pension schemes: repeal of provisions of Pension Schemes Act (Northern Ireland) 2016

          1. 16.In the Pension Schemes Act (Northern Ireland) 2016 (c. 1...

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Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

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Timeline of Changes

This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.

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Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

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