UK Act of Parliament 2021 c. 6 United Kingdom

Pension Schemes Act (Northern Ireland) 2021

Read the Act 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.

Trustee3 Director or Officer1 Any Person1

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
Director or Officer — also bound by 429 other Acts
Companies Act 2006 126 duties
Any Person — also bound by 2340 other Acts

What it requires

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.

s.009 Financial sustainability requirement: business plan (opens in a new tab) Regulated
  • Prepare and maintain a business plan for your Master Trust schemeDirector or Officer
s.012 Continuity strategy requirement (opens in a new tab) Regulated
  • Prepare and maintain a continuity strategy for your Master Trust schemeAny Person
s.014 Requirement to submit annual accounts (opens in a new tab) Regulated
  • Send scheme's annual accounts to the Pensions Regulator within 2 monthsTrustee
s.022 Notification requirements (opens in a new tab) Regulated
  • Notify employers of triggering eventsTrustee
s.025 Continuity option 2: resolving triggering event (opens in a new tab) Regulated
  • Resolve triggering event and notify the RegulatorTrustee
40 other provisions — procedural and definitional
s.001 Master Trust schemes: definition (opens in a new tab)
s.002 Relevant public service pension schemes (opens in a new tab)
s.003 Prohibition on operating a scheme unless authorised (opens in a new tab)
s.004 Application for authorisation (opens in a new tab)
s.005 Decision on application (opens in a new tab)
s.006 Referral to Tribunal of refusal to grant authorisation (opens in a new tab)
s.007 Fit and proper persons requirement (opens in a new tab)
s.008 Financial sustainability requirement (opens in a new tab)
s.010 Scheme funder requirements (opens in a new tab)
s.011 Systems and processes requirements (opens in a new tab)
s.013 List of authorised schemes (opens in a new tab)
s.015 Requirement to submit supervisory return (opens in a new tab)
s.016 Duty to notify Regulator of significant events (opens in a new tab)
s.017 Fixed penalty notice for failure to comply with request for information etc (opens in a new tab)
s.018 Escalating penalty notice for failure to comply with request for information etc (opens in a new tab)
s.019 Withdrawal of authorisation (opens in a new tab)
s.020 Triggering event: duties of trustees (opens in a new tab)
s.021 Triggering events (opens in a new tab)
s.023 Continuity options (opens in a new tab)
s.024 Continuity option 1: transfer out and winding up (opens in a new tab)
s.026 Approval of implementation strategy (opens in a new tab)
s.027 Content of implementation strategy (opens in a new tab)
s.028 Duty to pursue continuity option (opens in a new tab)
s.029 Prohibition on winding up except in accordance with continuity option 1 (opens in a new tab)
s.030 Periodic reporting requirement (opens in a new tab)
s.031 Pause orders (opens in a new tab)
s.032 Prohibition on new employers during triggering event period (opens in a new tab)
s.033 Prohibition on increasing charges etc during triggering event period (opens in a new tab)
s.034 When it becomes clear that authorisation not to be withdrawn (opens in a new tab)
s.035 When a decision to withdraw authorisation becomes final (opens in a new tab)
s.036 Fraud compensation (opens in a new tab)
s.037 Master trusts in operation on commencement: transitional provision (opens in a new tab)
s.038 Minor and consequential amendments (opens in a new tab)
s.039 Interpretation of Part 1 (opens in a new tab)
s.040 Regulations modifying application of Part 1 (opens in a new tab)
s.041 Power to override contract terms (opens in a new tab)
s.042 Regulations: general provisions (opens in a new tab)
s.043 General interpretation (opens in a new tab)
s.044 Commencement (opens in a new tab)
s.045 Short title (opens in a new tab)
Schedules

Schedules

0 of 42 shown
42 other schedules
s.sch001 (1) If a pause order is made in relation to...
s.sch001 (1) A pause order must specify the period for which...
s.sch001 (1) If a pause order is made in relation to...
s.sch001 (1) This paragraph applies where— (a) a pause order is...
s.sch001 A pause order, or an order made under any of...
s.sch002 (1) This Schedule modifies the application of Part 1 as...
s.sch002 Section 21 (triggering events) has effect as if—
s.sch002 Section 23 (continuity options) has effect as if—
s.sch002 Section 26 (approval of implementation strategy) has effect as if—...
s.sch002 Section 28 (duty to pursue continuity option) has effect as...
s.sch002 Section 34 (when it becomes clear that authorisation not to...
s.sch002 Section 35 (when decision to withdraw authorisation becomes final) has...
s.sch002 Section 20 (triggering event: duties of trustees) has effect as...
s.sch002 Section 21 (triggering events) has effect as if, in subsection...
s.sch002 Section 22 (notification requirements) has effect as if for subsection...
s.sch002 Section 25 (continuity option 2: resolving triggering event) has effect...
s.sch002 Section 33 (prohibition on increasing charges etc during triggering event...
s.sch002 Part 1 applies to an existing Master Trust scheme as...
s.sch002 Section 3 (prohibition on operating a Master Trust scheme unless...
s.sch002 Section 5 (decision on application) has effect as if at...
s.sch003 The Pension Schemes Act is amended as follows.
s.sch003 In Article 68 (inspection of premises), in paragraph (2) before...
s.sch003 In Article 72A (fixed penalty notices), in paragraph (6) after...
s.sch003 In Article 72B (escalating penalty notices), in paragraph (8) after...
s.sch003 In Article 75 (offences of providing false or misleading information),...
s.sch003 In Article 75A (financial penalty for providing false or misleading...
s.sch003 (1) Article 85 (codes of practice) is amended as follows....
s.sch003 In Article 88(2) (“regulatory functions” of the Regulator subject to...
s.sch003 In Article 92(5) (special procedure: applicable cases), before sub-paragraph (u)...
s.sch003 In Schedule 1 (the Pensions Regulator), in Part 1 (delegation),...
s.sch003 In Schedule 2 (functions exercisable by the Determinations Panel), before...
s.sch003 In section 96B(2) (meaning of “scheme rules”: occupational pension schemes)—...
s.sch003 In section 31 of the Pensions (No. 2) Act (effect...
s.sch003 (1) Section 17 (fixed penalty notice for failure to comply...
s.sch003 (1) Section 18 (escalating penalty notice for failure to comply...
s.sch003 In section 97AI(7) (rights under section 97AB: further provision)—
s.sch003 In Article 67A(9) of the 1995 Order (subsisting rights provisions:...
s.sch003 The 2005 Order is amended as follows.
s.sch003 In Article 2(4) (interpretation: scheme rules)— (a) in sub-paragraph (a),...
s.sch003 In Article 9 (improvement notices), in paragraph (7) (meaning of...
s.sch003 In Article 65 (duty to report breaches of the law)...
s.sch003 In Article 67 (provision of information), in paragraph (1A), after...

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