Northern Ireland Statutory Rule SI 2021/298 United Kingdom

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

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Trustee2

Plus 1 duty on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Trustee — also bound by 104 other Acts
Charities Act 2011 27 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.005 Requirement to inform the member of the conditions and notify decisions regarding satisfaction of the conditions Regulated
  • Notify members of transfer conditions and decisionsTrustee
s.006 Standards of proof, relevant evidence or information, and timing for decisions regarding satisfaction of the conditions Regulated
Other duties (1) — Crown / regulator
  • Apply correct legal tests when deciding pension transfer conditionsStatutory regulator
s.010 The Second Condition: requirements on trustees or managers of the transferring scheme to request evidence or information Regulated
  • Request evidence from member before allowing certain pension transfersTrustee
9 other provisions — procedural and definitional
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 The Second Condition: transfers into an occupational pension scheme and the employment link
s.012 The Second Condition: transfers into a QROPS and the residency link

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.