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Statutory Instruments

2010 No. 10 (C. 2)

Pensions

The Pensions Act 2008 (Commencement No. 5) Order 2010

Made

5th January 2010

The Secretary of State for Work and Pensions makes the following Order in exercise of the powers conferred by section 149(1) of the Pensions Act 2008(1).

Citation

1.  This Order may be cited as the Pensions Act 2008 (Commencement No. 5) Order 2010.

Commencement of provisions

2.  The following provisions of the Pensions Act 2008 come into force on 5th July 2010—

(a)section 75 (trustee corporation) in so far as not already in force, and Schedule 1 (the trustee corporation) in so far as not already in force;

(b)section 76 (functions); and

(c)section 99 (interpretation of part).

Signed by authority of the Secretary of State for Work and Pensions.

Angela Eagle

Minister of State for Pensions

Department for Work and Pensions

5th January 2010

EXPLANATORY NOTE

(This note is not part of the Order)

This Order brings into force sections 75 (in so far as not already in force) and 76 of, and Schedule 1 (in so far as not already in force) to, the Pensions Act 2008 (c.30) (“the Act”) on 5th July 2010. Those provisions establish the National Employment Savings Trust Corporation and make provision for its constitution and functions. This Order also brings into force section 99 of the Act which is an interpretation provision.

A full Impact Assessment has not been produced for this Order as it has no impact on the private or voluntary sectors.

NOTE AS TO EARLIER COMMENCEMENT ORDERS

(This note is not part of the Order)

The following provisions of the Pensions Act 2008 are brought into force by Statutory Instruments which were made before this Order was made.

ProvisionDate of CommencementS.I. No.
sections 62 to 6426th January 20092009/82
section 741st July 20092009/1566
section 1006th April 20092009/82
section 101 (partially)6th April 20092009/82
section 101 (for remaining purposes)6th April 20092009/809
section 122 (partially)1st April 20092009/809
section 124(2) and (6) (for the purposes only of section 286A of the Pensions Act 2004)19th December 20082008/3241
section 126 (for remaining purposes)29th June 20092009/1566
section 12826th January 20092009/82
section 1306th April 20092009/82
section 13226th January 20092009/82
section 13826th January 20092009/82
section 1396th April 20092009/82
section 148 (partially)6th April 20092009/82
Schedule 2 Parts 1 and 36th April 20092009/82
Schedule 2 Part 26th April 20092009/809
Schedule 8 (partially)1st April 20092009/809
Schedule 9 (for remaining purposes)29th June 20092009/1566
Schedule 11 Part 26th April 20092009/82