| Guvnor

Status: Amended (in force with amendments)

What it defines

Sections 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.

Part 1

CATEGORIES OF PENSION SCHEME

0 of 7 sections shown

7 other sections in this Part — procedural and definitional

s.001 Introduction

s.002 Defined benefits scheme

s.003 Shared risk scheme (sometimes known as “defined ambition”)

s.004 Defined contributions scheme

s.005 Meaning of “pensions promise” etc

s.006 Treatment of a scheme as two or more separate schemes

s.007 Interpretation of Part 1

Part 2

COLLECTIVE BENEFITS

0 of 28 sections shown

28 other sections in this Part — procedural and definitional

s.008 Introduction and definition

s.009 Duty to set targets for collective benefits

s.010 Policy about factors used to determine each benefit

s.011 Power to impose requirements about factors used to determine each benefit

s.012 Payment schedule

s.013 Overdue contributions and other payments

s.014 Statement of investment strategy

s.015 Investment performance reports

s.016 Investment powers

s.017 Restriction on borrowing by trustees or managers

s.018 Investment powers: duty of care

s.019 Valuation reports

s.020 Valuation process

s.021 Policy for dealing with a deficit or surplus

s.022 Power to impose requirements about dealing with a deficit or surplus

s.023 Deficits attributable to an offence or the imposition of a levy

s.024 Payment of amounts out of collective benefit funds

s.025 Policy for calculating cash equivalent of benefits

s.026 Winding up

s.027 Requirement to wind up scheme in specified circumstances

s.028 Policies about winding up

s.029 Working out which assets are available for the provision of which benefits

s.030 Requirement to obtain actuarial advice

s.031 Sub-delegation

s.032 Publication of documents etc

s.033 Enforcement

s.034 Overriding requirements

s.035 Interpretation of Part 2

Part 3

GENERAL CHANGES TO LEGISLATION ABOUT PENSION SCHEMES

0 of 12 sections shown

12 other sections in this Part — procedural and definitional

s.036 Pensions promise obtained from third party

s.037 Duty to act in the best interests of members

s.038 Disclosure of information about schemes

s.039 Extension of preservation of benefit under occupational pension schemes

s.040 Revaluation of accrued benefits

s.041 Collective benefits exempt from indexation

s.042 Regulatory own fund schemes exempt from indexation

s.043 Power to create other exemptions from indexation

s.044 Removal of requirement to maintain register of independent trustees

s.045 Rules about modification of schemes

s.046 Pension sharing and normal benefit age

s.047 Other amendments to do with Parts 1 and 2

Part 4

GENERAL

0 of 6 sections shown

6 other sections in this Part — procedural and definitional

s.048 Power to make consequential amendments

s.049 Regulations

s.050 Crown application

s.051 Interpretation

s.052 Commencement

s.053 Short title

Schedules

0 of 57 shown

57 other schedules

s.sch001 The Pension Schemes Act is amended as follows.

s.sch001 In paragraph 5(1) of that Schedule, for “if his pensionable...

s.sch001 Omit the following, which are no longer needed given the...

s.sch001 Before section 79 insert— Overview and meaning of “the 2016...

s.sch001 In section 79, for subsection (1A) substitute—

s.sch001 For section 80 substitute— Old basis of revaluation: occupational pension...

s.sch001 After section 81 insert— Power to add revaluation methods for...

s.sch001 After section 82 insert— The revaluation methods The revaluation methods referred to in this Chapter are defined...

s.sch001 In section 181(2) (Assembly, etccontrol of regulations and orders) after...

s.sch001 In Schedule 2 (revaluation methods), before paragraph 1 insert— The...

s.sch001 Omit paragraphs 3A and 4 of that Schedule.

s.sch002 The Pension Schemes Act is amended as follows.

s.sch002 In Article 51A (restrictions on increase where annuity tied to...

s.sch002 In Article 73 (preferential liabilities on winding up), for paragraph...

s.sch002 In Article 75 (employer debt where deficiency in assets on...

s.sch002 (1) Article 85 (schedules of payments to money purchase schemes)...

s.sch002 For the italic cross-heading above Article 85 substitute “ Schemes...

s.sch002 In the heading to Article 86 (schedules of payments to...

s.sch002 (1) Article 87 (application of further provisions to money purchase...

s.sch002 In Article 121 (interpretation), in paragraph (1), at the appropriate...

s.sch002 (1) Article 122 (interpretation of Part 2: supplementary) is amended...

s.sch002 In Article 35 of the Welfare Reform and Pensions (Northern...

s.sch002 In section 79 (scope of provisions about revaluation of benefits...

s.sch002 The 2005 Order is amended as follows.

s.sch002 (1) Article 2 (interpretation) is amended as follows.

s.sch002 In Article 9 (improvement notices), in paragraph (7)—

s.sch002 In Article 13 (power of the Regulator to recover unpaid...

s.sch002 (1) Article 19 (freezing orders) is amended as follows.

s.sch002 In Article 34 (contribution notices where avoidance of employer debt),...

s.sch002 (1) Article 39 (financial support directions) is amended as follows....

s.sch002 In Article 48 (restoration orders where transactions at an undervalue),...

s.sch002 (1) Article 85 (codes of practice) is amended as follows....

s.sch002 In Article 110 (schemes eligible for pension protection), for paragraph...

s.sch002 For Article 200 (application of scheme funding rules in Part...

s.sch002 In Article 231 (representative of non-European scheme to be treated...

s.sch002 In Article 235 (pension protection on transfer of employment: form...

s.sch002 In Article 267 (duty of trustees or managers to act...

s.sch002 In Article 280 (modification of Pensions (Northern Ireland) Order 2005...

s.sch002 The Pensions (No2) Act (Northern Ireland) 2008 is amended as...

s.sch002 (1) Section 20 (quality requirement: UK money purchase schemes) is...

s.sch002 In section 21 (quality requirement: UK defined benefits schemes) for...

s.sch002 In section 23A (alternative quality requirements for UK defined benefits...

s.sch002 (1) Section 24 (quality requirement: UK hybrid schemes) is amended...

s.sch002 In section 120 (duty of the Department for Employment and...

s.sch002 (1) Section 26 (quality requirement: UK personal pension schemes) is...

s.sch002 (1) Section 28 (certification that quality requirement or alternative requirement...

s.sch002 For the heading to section 29 substitute “ Transitional periods...

s.sch002 (1) Section 30 (transitional period for defined benefits and hybrid...

s.sch002 In section 35 (compliance notices), in subsection (5), for “a...

s.sch002 In section 38 (calculation and payment of contributions), in subsection...

s.sch002 (1) Section 78 (interpretation) is amended as follows.

s.sch002 (1) Schedule 17 to the Pensions Act (Northern Ireland) 2015...

s.sch002 (1) In section 176 (interpretation), subsection (1) is amended as...

s.sch002 The 1995 Order is amended as follows.

s.sch002 In Article 37 (payment of surplus to employer) in paragraph...

s.sch002 In Article 38 (power to defer winding up), in paragraph...

s.sch002 In Article 51 (annual increase in rate of pension), in...

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