Paragraph 21 The Pension Schemes Act
Section 154A (other disclosures by the Department) is amended as follows.
In subsection (1), for the words from “any information” to “the Pensions (Northern Ireland) Order 1995” substitute “any regulated information”.
In the Table in that subsection—
in the entry for the Regulatory Authority in the second column of the Table for the words from “or the” to the end substitute “, the Pensions (Northern Ireland) Order 1995, the Welfare Reform and Pensions (Northern Ireland) Order 1999 or the Pensions (Northern Ireland) Order 2005 or any enactment in force in Great Britain corresponding to any of them.”, and
for the entry for the Pensions Compensation Board substitute—
“
The Pensions Ombudsman. Functions conferred by or by virtue of this Act or any enactment in force in Great Britain corresponding to it. The Board of the Pension Functions conferred by or by virtue of Part Protection Fund. III of the Pensions (Northern Ireland) Order 2005 or any enactment in force in Great Britain corresponding to that Part. The Ombudsman for the Board of Functions conferred by or by virtue of Part the Pension Protection Fund. III of the Pensions (Northern Ireland) Order 2005 or any enactment in force in Great Britain corresponding to that Part. ”.
After that subsection insert—
“(1AA)In subsection (1) “regulated information” means information received by the Department in connection with its functions under—
(a)this Act;
(b)the Pensions (Northern Ireland) Order 1995, or
(c)the Pensions (Northern Ireland) Order 2005 or the Pensions Act 2004,
other than information supplied to it under section 235(2) of, or paragraph 2 of Schedule 10 to, the Pensions Act 2004 (supply of information for retirement purposes etc.).”.