Northern Ireland Statutory Rule 2021 United Kingdom

The Occupational and Personal Pension Schemes (Conditions for Transfers) Regulations (Northern Ireland) 2021

View on legislation.gov.uk Ask Guv about this Act

At a glance

What's here

3 compliance obligations

Who this Act binds

Plus 1 non-business duty on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.

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.

s.005

Requirement to inform the member of the conditions and notify decisions regarding satisfaction of the conditions

Notify members of transfer conditions and decisions

s.006

Standards of proof, relevant evidence or information, and timing for decisions regarding satisfaction of the conditions

Other duties (1) — Crown / regulator

Apply correct legal tests when deciding pension transfer conditions Statutory regulator

s.010

The Second Condition: requirements on trustees or managers of the transferring scheme to request evidence or information

Request evidence from member before allowing certain pension transfers

Browse 9 other sections — procedural / definitional / commencement

s.001

Citation, commencement and interpretation

s.002

Application of the conditions to all uses of the cash equivalent

s.003

Transfers to which these Regulations apply

s.004

Conditions satisfied upon a decision by the trustees or managers of the transferring scheme

s.007

The First Condition: transfers into certain receiving schemes

s.008

The Second Condition: transfers into all other receiving schemes

s.009

The Second Condition: requirement to take specified guidance

s.011