PART 3ENACTMENTS RELATING TO PENSIONS

Judicial Pensions (Northern Ireland) Order 1991 (S.I. 1991/2631 (N.I. 24))

Judicial pensions: transfer of accrued benefits111

1

The Schedule which is set out in paragraph 1(2) of Schedule 2 to the Judicial Pensions (Northern Ireland) Order 1991 (transfer of accrued benefits) is amended as follows.

2

In paragraph 1, the existing provision becomes sub-paragraph (1).

3

In that sub-paragraph, for the definition of “authorised insurance company” substitute—

  • “authorised insurer” means—

    1. i

      a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of long-term insurance, or

    2. ii

      an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act, which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect or carry out contracts of long-term insurance;

4

After that sub-paragraph, insert—

2

The definition of “authorised insurer” in sub-paragraph (1) must be read with—

a

section 22 of the Financial Services and Markets Act 2000;

b

any relevant order under that section;

c

Schedule 2 to that Act.

5

In paragraph 6(2)(c), for “insurance companies” substitute “insurers”.

6

In paragraph 11(3), in paragraph (a) of the definition of “qualifying scheme” for “insurance company” substitute “insurer”.