The Pensions Act 2004 (Codes of Practice) (Revocation) Order 2024

Statutory Instruments

2024 No. 273

PENSIONS

The Pensions Act 2004 (Codes of Practice) (Revocation) Order 2024

Made

1st March 2024

Laid before Parliament

4th March 2024

Coming into force

28th March 2024

The Secretary of State makes this Order in exercise of the powers conferred by section 92(1) of the Pensions Act 2004(1).

The Pensions Regulator consents to the making of this Order as required by section 92(2) of the Pensions Act 2004.

Citation, commencement and extent

1.—(1) This Order may be cited as the Pensions Act 2004 (Codes of Practice) (Revocation) Order 2024.

(2) This Order comes into force on 28th March 2024.

(3) This Order extends to England and Wales and Scotland.

Revocation of Codes of Practice

2.  The following Codes of Practice are revoked with effect from 28th March 2024—

(a) the Pensions Regulator Code of Practice No. 1: Reporting breaches of the Law(2);

(b) the Pensions Regulator Code of Practice No. 4: Early leavers – reasonable periods(3);

(c) the Pensions Regulator Code of Practice No. 5: Reporting late payment of contributions to occupational money purchase schemes(4);

(d) the Pensions Regulator Code of Practice No. 6: Reporting late payment of contributions to personal pensions(5);

(e) the Pensions Regulator Code of Practice No. 7: Trustee knowledge and understanding (TKU)(6);

(f) the Pensions Regulator Code of Practice No. 8: Member-nominated Trustees and Directors – putting in place and implementing arrangements(7);

(g) the Pensions Regulator Code of Practice No. 9: Internal Controls(8);

(h) the Pensions Regulator Code of Practice No. 11: Dispute resolution – reasonable periods(9);

(i) the Pensions Regulator Code of Practice No. 7: Trustee knowledge and understanding (TKU): Second issue(10);

(j) the Pensions Regulator Code of Practice No. 5: Reporting late payment of contributions to occupational pension schemes: Second issue(11);

(k) the Pensions Regulator Code of Practice No. 6: Reporting late payment of contributions to personal pension schemes: Second issue(12);

(l) the Pensions Regulator Code of Practice No. 14: Governance and administration of public service pension schemes(13);

(m) the Pensions Regulator Code of Practice No. 13: Governance and administration of occupational trust-based schemes providing money purchase benefits(14).

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

Jo Churchill

Minister of State

Department for Work and Pensions

1st March 2024

Consent given by authority of the Pensions Regulator

Nausicaa Delfas

Chief Executive

The Pensions Regulator

29th February 2024

Explanatory Note

(This note is not part of the Order)

This Order revokes codes of practice that were issued by the Pensions Regulator. The Pensions Regulator has issued the General Code of Practice which consolidates ten existing codes of practice and provides guidance to those running occupational, personal, and public service pension schemes.

The General Code of Practice is available on the Pensions Regulator’s website: https://www.thepensionsregulator.gov.uk. Copies may be obtained by post from the Pensions Regulator, Telecom House, 125-135 Preston Road, Brighton, BN1 6AF.

A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sectors is foreseen.

(1)

2004 c. 35; section 92(1) was amended by paragraph 16 of Schedule 4 to the Public Service Pensions Act 2013 (c. 25).

(2)

See S.I. 2005/1108, article 2(1).

(3)

See S.I. 2006/1383, article 2(a).

(4)

See S.I. 2006/1383, article 2(b).

(5)

See S.I. 2006/1383, article 2(c).

(6)

See S.I. 2006/1383, article 2(d).

(7)

See S.I. 2006/3079, article 2(a).

(8)

See S.I. 2006/3079, article 2(b).

(9)

See S.I. 2008/1882, article 2.

(10)

See S.I. 2009/3068, article 2.

(11)

See S.I. 2013/2316, article 2(a).

(12)

See S.I. 2013/2316, article 2(b).

(13)

See S.I. 2015/456, article 2.

(14)

See S.I. 2016/776, article 2.