Limits on early exit charges
- Cap early exit charges for pre-October 2021 pension scheme members
Northern Ireland Statutory Rule
2015
United Kingdom
The Occupational Pension Schemes (Charges and Governance) Regulations (Northern Ireland) 2015
At a glance
What's here
1 compliance obligation
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Browse 45 other sections — procedural / definitional / commencement
Citation and commencement
Interpretation
Default arrangement
Qualifying collective money purchase schemes
Restrictions on charges
Prohibited charge structures – default arrangements
Prohibited charge structures – qualifying collective money purchase schemes
Limits on charges – default arrangements
Limits on charges – qualifying collective money purchase schemes
Assessment of charges – default arrangements
Assessment of charges – qualifying collective money purchase schemes
Alternative assessment of charges – default arrangements
Alternative assessment of charges – qualifying collective money purchase schemes.
Member agreement for services
Charge limits adjustment
Non-contributing members
Payments to advisers
Relevant information
Member agreement for payments to advisers
Amendment of the Stakeholder Pension Schemes Regulations
Amendment of the Occupational and Personal Pension Schemes (Consultation by Employers) Regulations and the Occupational Pension Schemes (Modification of Schemes) Regulations
Early exit charges
Prohibition of early exit charges
Conflicting contract terms
Relevant information
Definition of “relevant scheme”
Appointment of service providers
Appointment of chair of trustees or managers
Annual statement regarding governance
Requirements for processing financial transactions
Assessment of charges and costs
Requirements relating to default arrangement
Definition of “relevant multi-employer scheme”
Additional requirements for relevant multi-employer schemes
Administration Regulations: further amendment
Amendment of the Register of Occupational and Personal Pension Schemes Regulations
Amendment of Article 9(7) of the 2005 Order
Compliance notices
Third party compliance notices
Penalty notices
Penalty notices: recovery
Penalty notices: recovery from bodies corporate
Review of penalty notices
References to First-tier Tribunal or Upper Tribunal
Service of notices
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