OpenLegislation

The Pensions (Northern Ireland) Order 2005

2005/255 · Made 9 February 2005 · Extends to Northern Ireland

Not fully up to date. 44 changes made by later legislation have not yet been written into this text, which is revised to 31 July 2026.

See the changes not yet applied
ProvisionChangeMade by
Sch. 3words repealedCharities Act (Northern Ireland) 2008 Sch. 8 para. 12(a) Sch. 9
art. 294repealedPensions (No. 2) Act (Northern Ireland) 2008 Sch. 10 Pt. 5
Sch. 6 para. 21(2)(c)-(cc)substituted for (b)(c)Pensions (No. 2) Act (Northern Ireland) 2008 Sch. 6 para. 11
Sch. 6 para. 25(3)words insertedPensions (No. 2) Act (Northern Ireland) 2008 Sch. 6 para. 12
art. 191(5)addedPensions (No. 2) Act (Northern Ireland) 2008 Sch. 9 para. 6
Sch. 6 para. 21(1)words substitutedPensions (No. 2) Act (Northern Ireland) 2008 Sch. 6 para. 10
Sch. 9 para. 6repealedPensions Act (Northern Ireland) 2012 Sch. 2 para. 4(c)
art. 233(1)(b)words insertedPensions Act (Northern Ireland) 2015 Sch. 17 para. 20(b)
art. 233(1)(b)words substitutedPensions Act (Northern Ireland) 2015 Sch. 17 para. 20(a)
art. 48(1)-(1B)substituted for art. 48(1)Pension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 27
art. 19(1)words substitutedPension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 24(2)
art. 19(1A)insertedPension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 24(3)
art. 19(2)words substitutedPension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 24(4)
art. 19(10A)insertedPension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 24(5)
art. 34(1)-(1B)substituted for art. 34(1)Pension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 25
art. 39(1)-(1B)substituted for art. 39(1)Pension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 26(2)
art. 39(2)words substitutedPension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 26(3)
art. 110(1)-(1B)substituted for art. 110(1)Pension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 29
art. 200substitutedPension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 30
art. 235(2)(b)words substitutedPension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 32(a)
art. 235(2)(c)words substitutedPension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 32(b)
art. 258omittedPension Schemes Act (Northern Ireland) 2016 Sch. 1 para. 11(b)
art. 280(4)words substitutedPension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 34
Sch. 10 para. 13omittedPension Schemes Act (Northern Ireland) 2016 s. 38(7)
art. 2(2)words insertedPension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 21(2)(a)
art. 2(2)words omittedPension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 21(2)(b)
art. 2(4)(a)(x)-(xii)insertedPension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 21(3)(a)
art. 2(4)(b)(viii)-(x)insertedPension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 21(3)(b)
art. 13(3)words substitutedPension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 23(a)
art. 13(3)words substitutedPension Schemes Act (Northern Ireland) 2016 Sch. 2 para. 23(b)
art. 26(3)repealedInsolvency (Amendment) Act (Northern Ireland) 2016 Sch. 3 para. 21 Sch. 4
art. 105(2)(b)words substitutedInsolvency (Amendment) Act (Northern Ireland) 2016 Sch. 3 para. 20
art. 213repealedThe Welfare Reform (Northern Ireland) Order 2015 Sch. 12 Pt. 1
art.168(5)(d)applied (with modifications)The Occupational Pension Schemes (Master Trusts) (No. 2) Regulations (Northern Ireland) 2023 reg. 23(2)(a)(v)(bb)
art. 34(7)(da)insertedPension Schemes Act 2021 Sch. 8 para. 3(2)
art. 75(1)(a)(iib)insertedPension Schemes Act 2021 Sch. 8 para. 8(2)
Sch. 6 para. 28(3)words substitutedPension Schemes Act 2026 s. 110(2)(b)(i)
Sch. 6 para. 28(3)words substitutedPension Schemes Act 2026 s. 110(2)(b)(ii)
Sch. 6 para. 28(5)(a)words substitutedPension Schemes Act 2026 s. 110(2)(c)(i)
Sch. 6 para. 28(5)(c)words substitutedPension Schemes Act 2026 s. 110(2)(c)(ii)
Sch. 6 para. 28(6)words insertedPension Schemes Act 2026 s. 110(2)(d)
Sch. 6 para. 29(2)substitutedPension Schemes Act 2026 s. 110(3)
Sch. 6 para. 28(7)words substitutedPension Schemes Act 2026 s. 110(2)(e)
Sch. 6 para. 28(2)-(2I)substituted for Sch. 6 para. 28(2)Pension Schemes Act 2026 s. 110(2)(a)

9th February 2005 C3C4C5

Annotations to the whole text

Modifications

C1

Order: power to modify conferred (16.7.2015) by Pensions Act (Northern Ireland) 2015 (c. 5), ss. 44(1), 53(1); S.R. 2015/307, art. 2(1)(h)

C2

Order applied (with modifications) (4.1.2024) by S.I. 2021/716, Sch. 3 paras. 2, 3 (as amended by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 21(2)(g)(4))

C3

Order: power to modifiy conferred (15.12.2008) by Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13), ss. 115(2)(e), 118(1)(2)(g)

C4

Order modified (21.2.2009) by Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317), art. 3, Sch.

C5

Order applied (with modifications) (8.2.2011 with application as mentioned in reg. 27(a) of the amending Regulations) by Investment Bank Special Administration Regulations 2011 (S.I. 2011/245), regs. 1, 27(a), Sch. 6 Pt. 1

Contents

  1. Part I: INTRODUCTORY
  2. 1Title and commencement
  3. Interpretation
  4. 2General interpretation
  5. Part II: THE PENSIONS REGULATOR
  6. General provisions about functions
  7. 3Regulator's functions
  8. 4Regulator's objectives
  9. 5Supplementary powers
  10. 6Transfer of OPRA's functions to the Regulator
  11. The Determinations Panel
  12. 7Functions exercisable by the Determinations Panel
  13. Provision of information, education and assistance
  14. 8Provision of information, education and assistance
  15. New powers in respect of occupational and personal pension schemes
  16. 9Improvement notices
  17. 10Third party notices
  18. 10AAppointment of skilled person to assist public service pension scheme
  19. 11Injunctions
  20. 12Restitution
  21. 13Power of the Regulator to recover unpaid contributions
  22. 14Pension liberation: interpretation
  23. 15Pension liberation: Court's power to order restitution
  24. 16Pension liberation: restraining orders
  25. 17Pension liberation: repatriation orders
  26. Powers in relation to winding up of occupational pension schemes
  27. 18Powers to wind up occupational pension schemes
  28. 19Freezing orders
  29. 20Consequences of freezing order
  30. 21Period of effect etc. of freezing order
  31. 22Validation of action in contravention of freezing order
  32. 23Effect of determination to wind up scheme on freezing order
  33. 24Effect of winding up order on freezing order
  34. 25Effect of assessment period under Part III on freezing order
  35. 26Power to give a direction where freezing order ceases to have effect
  36. 27Notification of trustees, managers, employers and members
  37. 28Articles 19 to 27: supplementary
  38. Trustees of occupational pension schemes
  39. 29Prohibition orders
  40. 30Suspension orders
  41. 31Appointment of trustees by the Regulator
  42. 32Independent trustees
  43. 33Disqualification
  44. Contribution notices where avoidance of employer debt
  45. 34Contribution notices where avoidance of employer debt
  46. 34AArticle 34 contribution notice: meaning of “material detriment test”
  47. 34BArticle 34 contribution notice issued by reference to material detriment test: defence
  48. 34CArticle 34 contribution notice: meaning of “employer insolvency test”
  49. 34DArticle 34 contribution notice issued by reference to employer insolvency test: defence
  50. 34EArticle 34 contribution notice: meaning of “employer resources test”
  51. 34FArticle 34 contribution notice issued by reference to employer resources test: defence
  52. 35The sum specified in an Article 34 contribution notice
  53. 35AArticle 34 contribution notice: transfer of members of the scheme
  54. 35BArticle 35A: supplemental
  55. 36Content and effect of an Article 34 contribution notice
  56. 37Article 34 contribution notice: relationship with employer debt
  57. 38Article 34 contribution notice: clearance statements
  58. Offence of failing to comply with an Article 34 contribution notice
  59. 38AArticle 38A
  60. Financial penalty for failure to comply with an Article 34 contribution notice
  61. 38BArticle 38B
  62. Financial support directions
  63. 39Financial support directions
  64. 39AFinancial support directions: transfer of members of the scheme
  65. 39BArticle 39A: supplemental
  66. 40Meaning of “service company” and “insufficiently resourced”
  67. 41Meaning of “financial support”
  68. 42Financial support directions: clearance statements
  69. 43Contribution notices where non-compliance with financial support direction
  70. 44The sum specified in an Article 43 contribution notice
  71. 45Content and effect of an Article 43 contribution notice
  72. 46Article 43 contribution notice: relationship with employer debt
  73. 47Articles 39 to 46: interpretation
  74. Transactions at an undervalue
  75. 48Restoration orders where transactions at an undervalue
  76. 49Restoration orders: supplementary
  77. 50Content and effect of a restoration order
  78. 51Contribution notice where failure to comply with a restoration order
  79. 52Content and effect of an Article 51 contribution notice
  80. Articles 34 to 52: partnerships and limited liability partnerships
  81. 53Articles 34 to 52: partnerships and limited liability partnerships
  82. Applications under the Insolvency Order
  83. 54Regulator's right to apply under Article 367 of the Insolvency Order
  84. Sanctions for avoidance of employer debt etc
  85. Offence of avoidance of employer debt
  86. 54AArticle 54A
  87. Offence of conduct risking accrued scheme benefits
  88. 54BArticle 54B
  89. Financial penalty for avoidance of employer debt
  90. 54CArticle 54C
  91. Financial penalty for conduct risking accrued scheme benefits
  92. 54DArticle 54D
  93. Register of schemes
  94. 55Registrable information
  95. 56The register: inspection, provision of information and reports etc.
  96. 57The register: duties of trustees or managers
  97. 58Duty of the Regulator to issue scheme return notices
  98. 59Duty of trustees or managers to provide scheme return
  99. 60Scheme returns: supplementary
  100. Register of prohibited trustees
  101. 61Register of prohibited trustees
  102. 62Accessibility of register of prohibited trustees
  103. Collecting information relevant to the Board
  104. 63Information relevant to the Board
  105. 64Duty to notify the Regulator of certain events
  106. 64ADuty to give notices and statements to the Regulator in respect of certain events
  107. Reporting breaches of the law
  108. 65Duty to report breaches of the law
  109. Reporting late payment of employer contributions
  110. 65ADuty to report late payment of employer contributions
  111. Reports by skilled persons
  112. 66Reports by skilled persons
  113. Gathering information
  114. 67Provision of information
  115. 67AInterviews
  116. 68Inspection of premises
  117. 69Inspection of premises in respect of employers' obligations
  118. 70Inspection of premises: powers of inspectors
  119. 71Inspection of premises: supplementary
  120. 72Penalties relating to Articles 67 to 70
  121. 72AFixed penalty notices
  122. 72BEscalating penalty notices
  123. 73Warrants
  124. 74Articles 67 to 73: interpretation
  125. Provision of false or misleading information
  126. 75Offences of providing false or misleading information
  127. Financial penalty for providing false or misleading information to Regulator
  128. 75AArticle 75A
  129. Financial penalty for providing false or misleading information to trustees or managers
  130. 75BArticle 75B
  131. Use of information
  132. 76Use of information
  133. Disclosure of information
  134. 77Restricted information
  135. 78Information supplied to the Regulator by corresponding overseas authorities
  136. 79Disclosure for facilitating exercise of functions by the Regulator
  137. 80Disclosure for facilitating exercise of functions by the Board
  138. 81Disclosure for facilitating exercise of functions by other supervisory authorities
  139. 82Other permitted disclosures
  140. 83Tax information etc.
  141. Financial penalties
  142. Financial penalties
  143. 83AArticle 83A
  144. Financial penalties: time for recovery
  145. 83BArticle 83B
  146. Financial penalties: recovery
  147. 83CArticle 83C
  148. Reports
  149. 84Publishing reports etc.
  150. 84AReports about misappropriation, etc. in public service pension schemes
  151. Codes of practice
  152. 85Codes of practice
  153. 85ACodes of practice: public service pension schemes
  154. 86Procedure for issue and publication of codes of practice
  155. 87Revocation of codes of practice
  156. Exercise of regulatory functions
  157. 88The Regulator's procedure in relation to its regulatory functions
  158. 89Publication of procedure in relation to regulatory functions
  159. 90Application of standard and special procedure
  160. 91Standard procedure
  161. 92Special procedure: applicable cases
  162. 93Special procedure
  163. 94Compulsory review
  164. 95Duty to have regard to the interests of members etc.
  165. 96Powers to vary or revoke orders, notices or directions etc.
  166. References to a tribunal
  167. 96AOffences
  168. 97References in relation to decisions of the Regulator
  169. 98Appeal on a point of law Repealed
  170. 99Redetermination etc. by the Tribunal Repealed
  171. 100Disclosure of information Repealed
  172. Part III: THE BOARD OF THE PENSION PROTECTION FUND
  173. Chapter 1: THE BOARD
  174. General provision about functions
  175. 101Board's functions and supplementary powers etc.
  176. Financial matters
  177. 102Grants
  178. 103Administration levy
  179. 103AAdministration levy: interest for late payment Not yet in force
  180. Chapter 2: INFORMATION RELATING TO EMPLOYER'S INSOLVENCY ETC.
  181. Insolvency events
  182. 104Duty to notify insolvency events in respect of employers
  183. 105Insolvency event, insolvency date and insolvency practitioner
  184. Status of scheme
  185. 106Insolvency practitioner's duty to issue notices confirming status of scheme
  186. 107Approval of notices issued under Article 106
  187. Board's duties
  188. 108Board's duty where there is a failure to comply with Article 106
  189. 109Binding notices confirming status of scheme
  190. Chapter 3: PENSION PROTECTION
  191. Eligible schemes
  192. 110Eligible schemes
  193. Circumstances in which Board assumes responsibility for eligible schemes
  194. 111Duty to assume responsibility for schemes following insolvency event
  195. 112Duty to assume responsibility for schemes following application or notification
  196. 113Applications and notifications for the purposes of Article 112
  197. 114Board's duty where application or notification received under Article 113
  198. 115Protected liabilities
  199. Restrictions on schemes during the assessment period
  200. 116Assessment periods
  201. 117Admission of new members, payment of contributions etc.
  202. 118Directions
  203. 119Restrictions on winding up, discharge of liabilities etc.
  204. 120Power to validate contraventions of Article 119
  205. 121Board to act as creditor of the employer
  206. 122Payment of scheme benefits
  207. 123Loans to pay scheme benefits
  208. Ill health pensions
  209. 124Reviewable ill health pensions
  210. 125Effect of a review
  211. 126Articles 124 and 125: interpretation
  212. Valuation of assets and liabilities
  213. 127Board's obligation to obtain valuation of assets and protected liabilities
  214. 127ADeterminations under Article 127
  215. 128Approval of valuation
  216. 129Binding valuations
  217. Refusal to assume responsibility
  218. 130Schemes which become eligible schemes
  219. 131New schemes created to replace existing schemes
  220. 132Withdrawal following issue of Article 106(4) notice
  221. Cessation of involvement with a scheme
  222. 133Circumstances in which Board ceases to be involved with an eligible scheme
  223. 134Consequences of the Board ceasing to be involved with a scheme
  224. Reconsideration
  225. 135Application for reconsideration
  226. 136Duty to assume responsibility following reconsideration
  227. Closed schemes
  228. 137Closed schemes
  229. Winding up
  230. 138Requirement to wind up schemes with sufficient assets to meet protected liabilities
  231. Provisions applying to closed schemes
  232. 139Treatment of closed schemes
  233. 140Valuations of closed schemes
  234. Reconsideration of closed schemes
  235. 141Applications and notifications where closed schemes have insufficient assets
  236. 142Duty to assume responsibility for closed schemes
  237. 143Closed schemes: further assessment periods
  238. Assumption of responsibility for a scheme
  239. 144Transfer notice
  240. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Repealed
  241. 145Effect of Board assuming responsibility for a scheme
  242. 146The pension compensation provisions
  243. 147Adjustments to be made where the Board assumes responsibility for a scheme
  244. 148Postponement of compensation entitlement for the assessment period
  245. 149Guaranteed minimum pensions
  246. 150Duty to pay scheme benefits unpaid at assessment date etc.
  247. 151Modification of Chapter where liabilities discharged during assessment period
  248. 152Administration of compensation
  249. Charges in respect of pension sharing etc.
  250. 152ACharges in respect of pension sharing etc.
  251. Discharge of Board's liabilities
  252. 153Discharge of liabilities in respect of compensation
  253. 154Discharge of liabilities in respect of money purchase benefits
  254. Equal treatment
  255. 155Equal treatment
  256. Relationship with fraud compensation regime
  257. 156Relationship with fraud compensation regime
  258. The levies
  259. 157Initial levy
  260. 158Pension protection levies
  261. 159Supplementary provisions about pension protection levies
  262. 160Amounts to be raised by the pension protection levies
  263. 161The levy ceiling
  264. 162Valuations to determine scheme underfunding
  265. 163Pension protection levies during the transitional period
  266. 164Calculation, collection and recovery of levies
  267. 164APension protection levy: interest for late payment
  268. Chapter 4: FRAUD COMPENSATION
  269. Entitlement to fraud compensation
  270. 165Cases where fraud compensation payments can be made
  271. 166Board's duties in respect of certain applications under Article 165
  272. 167Recovery of value
  273. 168Fraud compensation payments
  274. 169Interim payments
  275. 170Board's powers to make fraud compensation transfer payments
  276. The levy
  277. 171Fraud compensation levy
  278. 171AFraud compensation levy: interest for late payment Not yet in force
  279. Chapter 5: GATHERING INFORMATION
  280. 172Information to be provided to the Board etc.
  281. 173Notices requiring provision of information
  282. 174Entry of premises
  283. 175Penalties relating to Articles 173 and 174
  284. 176Warrants
  285. Provision of false or misleading information
  286. 177Offence of providing false or misleading information to the Board
  287. Use of information
  288. 178Use of information
  289. Disclosure of information
  290. 179Restricted information
  291. 180Disclosure for facilitating exercise of functions by the Board
  292. 181Disclosure for facilitating exercise of functions by the Regulator
  293. 182Disclosure for facilitating exercise of functions by other supervisory authorities
  294. 183Other permitted disclosures
  295. 184Tax information
  296. Provision of information to members of schemes etc.
  297. 185Provision of information to members of schemes etc.
  298. Interpretation
  299. 186Articles 172 to 185: interpretation
  300. Reports
  301. 187Publishing reports etc.
  302. Chapter 6: REVIEWS, APPEALS AND MALADMINISTRATION
  303. Review etc. by the Board
  304. 188Meaning of “reviewable matters”
  305. 189Review and reconsideration by the Board of reviewable matters
  306. 190Investigation by the Board of complaints of maladministration
  307. The PPF Ombudsman
  308. 191The PPF Ombudsman
  309. References to the PPF Ombudsman
  310. 192Reference of reviewable matter to the PPF Ombudsman
  311. 193Investigation by PPF Ombudsman of complaints of maladministration
  312. 194Referral of questions of law
  313. 195Publishing reports etc.
  314. 196Determinations of the PPF Ombudsman
  315. 197Obstruction etc. of the PPF Ombudsman
  316. Chapter 7: MISCELLANEOUS
  317. Backdating the winding up of eligible schemes
  318. 198Backdating the winding up of eligible schemes
  319. Pension sharing
  320. 199Pension sharing
  321. Part IV: SCHEME FUNDING
  322. Introductory
  323. 200Pension schemes to which this Part applies
  324. 200AFunding and investment strategy
  325. 200BStatement of strategy
  326. Scheme funding
  327. 201The statutory funding objective
  328. 202Statement of funding principles
  329. 203Actuarial valuations and reports
  330. 204Certification of technical provisions
  331. 205Recovery plan
  332. 206Schedule of contributions
  333. 207Failure to make payments
  334. 208Matters requiring agreement of the employer
  335. 209Matters on which advice of actuary must be obtained
  336. 210Powers of the Regulator
  337. 210ARequirements for winding up procedure
  338. Supplementary provisions
  339. 211Power to modify provisions of this Part
  340. 212Construction as one with the 1995 Order
  341. Part V: FINANCIAL PLANNING FOR RETIREMENT
  342. Retirement planning
  343. 213Supply of housing benefit information
  344. 214Combined pension forecasts
  345. Employee information and advice
  346. 215Information and advice to employees
  347. Pensions dashboards
  348. 215AQualifying pensions dashboard service
  349. 215BQualifying pension dashboard service: further provision
  350. 215CArticles 215A and 215B: interpretation
  351. 215DInformation from occupational pension schemes
  352. 215EInformation from occupational pension schemes: further provision
  353. 215FArticles 215D and 215E: interpretation
  354. 215GCompliance
  355. Part VI: OCCUPATIONAL AND PERSONAL PENSION SCHEMES: MISCELLANEOUS PROVISIONS
  356. Categories of pension scheme
  357. 216Categories of pension scheme
  358. 217Meaning of employer in Part II of the 1995 Order
  359. Requirements for member-nominated trustees and directors
  360. 218Requirement for member-nominated trustees
  361. 219Requirement for member-nominated directors of corporate trustees
  362. 220Member-nominated trustees and directors: supplementary
  363. Obligations of trustees of occupational pension schemes
  364. 221Investment principles
  365. 222Power to make regulations governing investment by trustees
  366. 223Borrowing by trustees
  367. 224Requirement for knowledge and understanding: individual trustees
  368. 225Requirement for knowledge and understanding: corporate trustees
  369. 225ARequirement for knowledge and understanding: pension boards of public service pension schemes
  370. 226Requirement for knowledge and understanding: supplementary
  371. 226ARequirement for an effective system of governance
  372. 226BRequirement for internal controls: public service pension schemes
  373. Payment of surplus to employer
  374. 227Payment of surplus to employer
  375. 228Payment of surplus to employer: transitional power to amend scheme
  376. Restrictions on payment into occupational pension schemes
  377. 229UK-based scheme to be trust with effective rules
  378. 230Non-UK scheme to be trust with UK-resident trustee
  379. 231Representative of non-UK scheme to be treated as trustee
  380. Activities of occupational pension schemes
  381. 232Activities of occupational pension schemes
  382. No indemnification for fines or civil penalties
  383. 233No indemnification for fines or civil penalties
  384. Pension protection on transfer of employment
  385. 234Conditions for pension protection
  386. 235Form of protection
  387. Consultation by employers
  388. 236Consultation by employers: occupational pension schemes
  389. 237Consultation by employers: personal pension schemes
  390. 238Further provisions about regulations relating to consultation
  391. Modification of pension rights
  392. 239Modification of subsisting rights
  393. Short service benefit
  394. 240Increase in age at which short service benefit must be payable
  395. Early leavers
  396. 241Early leavers: cash transfer sums and contribution refunds
  397. Safeguarding pension rights
  398. 242Paternity leave and adoption leave
  399. 243Inalienability of occupational pension
  400. Voluntary contributions
  401. 244Voluntary contributions
  402. Payments by employers
  403. 245Payments made by employers to personal pension schemes
  404. 246Payments made by employers and members to occupational pension schemes
  405. Winding up
  406. 247Winding up
  407. Deficiency in assets of certain occupational pension schemes
  408. 248Debt due from the employer when assets insufficient
  409. 249Debt due from the employer in the case of multi-employer schemes
  410. Pension disputes
  411. 250Resolution of disputes
  412. The Pensions Ombudsman
  413. 251Deputy Pensions Ombudsman
  414. 252Jurisdiction
  415. 253Investigations
  416. Pension compensation
  417. 254Amendments relating to the Pensions Compensation Board
  418. Annual increases in rate of pensions
  419. 255Annual increase in rate of certain occupational pensions
  420. 256Annual increase in rate of certain personal pensions
  421. 257Power to increase pensions giving effect to pension credits etc.
  422. Revaluation
  423. 258Exemption from statutory revaluation requirement
  424. Contracting out
  425. 259Meaning of “working life” in Pension Schemes Act
  426. 260Power to prescribe conditions by reference to Inland Revenue approval
  427. 261Restrictions on commutation and age at which benefits may be received
  428. Stakeholder pensions
  429. 262Meaning of “stakeholder pension scheme”
  430. Part VII: CROSS-BORDER ACTIVITIES WITHIN EUROPEAN UNION Repealed
  431. UK occupational pension scheme receiving contributions from European employer Repealed
  432. 263Occupational pension scheme receiving contributions from European employer Repealed
  433. 264General authorisation to accept contributions from European employers Repealed
  434. 265Approval in relation to particular European employer Repealed
  435. 266Notification of legal requirements of host EEA state outside United Kingdom Repealed
  436. 267Duty of trustees or managers to act consistently with law of host EEA state Repealed
  437. 268Power of Regulator to require ring-fencing of assets Repealed
  438. 268AExemption from enrolment duty under Part 1 of Pensions ( No. 2) Act (Northern Ireland) 2008 Repealed
  439. European occupational pension scheme receiving contributions from UK employer Repealed
  440. 269Functions of Regulator in relation to institutions administered in other EEA states Repealed
  441. Assistance for other European regulators Repealed
  442. 270Stopping disposal of assets of institutions administered in other EEA states Repealed
  443. Interpretation Repealed
  444. 271Interpretation of Part Repealed
  445. Part VIII: STATE PENSIONS
  446. Entitlement to more than one pension
  447. 272Persons entitled to more than one Category B retirement pension
  448. Deferral of state pension
  449. 273Deferral of retirement pensions and shared additional pensions
  450. Miscellaneous
  451. 274Disclosure of state pension information
  452. Part IX: MISCELLANEOUS AND SUPPLEMENTARY
  453. Dissolution of existing bodies – information
  454. 275Information obtained by the Regulator
  455. 276Information obtained by the Board
  456. Electronic working
  457. 277Notification and documents in electronic form
  458. 278Timing and location of things done electronically
  459. General
  460. 279Overriding requirements
  461. 280Modification of this Order in relation to certain categories of schemes
  462. 281Modification of pensions legislation that refers to employers
  463. 282Admissibility of statements
  464. 283Protected items
  465. 284Liens
  466. 285Crown application
  467. Regulations and orders
  468. 286Breach of regulations
  469. 287Orders and regulations (general provisions)
  470. 288Assembly etc. control of orders and regulations
  471. 289Consultations about regulations
  472. Miscellaneous and supplementary
  473. 290Minor and consequential amendments
  474. 292Transitional adaptations etc.: section 322(1) of the Pensions Act 2004
  475. 293Power to make further provision in connection with civil partnership
  476. 294Pre-consolidation amendments
  477. Schedule 1: THE PENSIONS REGULATOR
  478. Part 1: DELEGATION
  479. 1Paragraph 1
  480. 2Paragraph 2
  481. Part 2: FUNDING AND ACCOUNTS
  482. 3Paragraph 3
  483. Schedule 2: THE RESERVED REGULATORY FUNCTIONS
  484. Part 1: FUNCTIONS UNDER THE PENSION SCHEMES ACT
  485. 1Paragraph 1
  486. 2Paragraph 2
  487. 3Paragraph 3
  488. 3AParagraph 3A
  489. Part 2: FUNCTIONS UNDER THE 1995 ORDER
  490. 4Paragraph 4
  491. 5Paragraph 5
  492. 5AParagraph 5A
  493. 6Paragraph 6
  494. 7Paragraph 7
  495. 8Paragraph 8
  496. 9Paragraph 9
  497. 10Paragraph 10
  498. 11Paragraph 11
  499. 12Paragraph 12
  500. 13Paragraph 13
  501. 13AParagraph 13A
  502. 14Paragraph 14
  503. 15Paragraph 15
  504. 15AParagraph 15A
  505. 15BParagraph 15B
  506. 16Paragraph 16
  507. 17Paragraph 17
  508. 18Paragraph 18
  509. 19Paragraph 19
  510. Part 3: FUNCTIONS UNDER THE 1999 ORDER
  511. 20Paragraph 20
  512. Part 4: FUNCTIONS UNDER THIS ORDER
  513. 21Paragraph 21
  514. 22Paragraph 22
  515. 23Paragraph 23
  516. 24Paragraph 24
  517. 25Paragraph 25
  518. 26Paragraph 26
  519. 27Paragraph 27
  520. 28Paragraph 28
  521. 29Paragraph 29
  522. 30Paragraph 30
  523. 30AParagraph 30A
  524. 31Paragraph 31
  525. 32Paragraph 32
  526. 33Paragraph 33
  527. 33AParagraph 33A
  528. 34Paragraph 34
  529. 35Paragraph 35
  530. 36Paragraph 36
  531. 37Paragraph 37
  532. 38Paragraph 38
  533. 39Paragraph 39
  534. 40Paragraph 40
  535. 41Paragraph 41
  536. 41AParagraph 41A
  537. 42Paragraph 42
  538. 43Paragraph 43
  539. 44Paragraph 44
  540. Part 4A: Functions under Part 2 of the Pension Schemes Act 2021
  541. 44AParagraph 44A
  542. 44BParagraph 44B
  543. 44CParagraph 44C
  544. 44DParagraph 44D
  545. 44EParagraph 44E
  546. 44FParagraph 44F
  547. 44GParagraph 44G
  548. 44HParagraph 44H
  549. Part 4B: Functions Under The Pension Schemes Act (Northern Ireland) 2021
  550. 44IParagraph 44I
  551. 44JParagraph 44J
  552. 44KParagraph 44K
  553. 44LParagraph 44L
  554. 44MParagraph 44M
  555. 44NParagraph 44N
  556. 44OParagraph 44O
  557. Part 5: OTHER FUNCTIONS
  558. 45Paragraph 45
  559. Schedule 3RESTRICTED INFORMATION HELD BY THE REGULATOR: CERTAIN PERMITTED DISCLOSURES TO FACILITATE EXERCISE OF FUNCTIONS
  560. Schedule 4: THE BOARD OF THE PENSION PROTECTION FUND
  561. 1Paragraph 1
  562. 2Paragraph 2
  563. 3Paragraph 3
  564. Schedule 5: TRANSFER OF PROPERTY, RIGHTS AND LIABILITIES TO THE BOARD
  565. 1Paragraph 1
  566. 2Paragraph 2
  567. 3Paragraph 3
  568. 4Paragraph 4
  569. 5Paragraph 5
  570. 6Paragraph 6
  571. 7Paragraph 7
  572. Schedule 6: PENSION COMPENSATION PROVISIONS
  573. Part: Introductory
  574. 1Paragraph 1
  575. 2Paragraph 2
  576. Part: Pensions in payment at assessment date
  577. 3Paragraph 3
  578. 4Paragraph 4
  579. Part: Pension benefits postponed at assessment date
  580. 5Paragraph 5
  581. 6Paragraph 6
  582. 7Paragraph 7
  583. Part: Active members over normal pension age at assessment date
  584. 8Paragraph 8
  585. 9Paragraph 9
  586. 10Paragraph 10
  587. Part: Active members who have not attained normal pension age at assessment date
  588. 11Paragraph 11
  589. 12Paragraph 12
  590. 13Paragraph 13
  591. 14Paragraph 14
  592. Part: Deferred members who have not attained normal pension age at assessment date
  593. 15Paragraph 15
  594. Paragraph Repealed
  595. 16Paragraph 16
  596. 17Paragraph 17
  597. 18Paragraph 18
  598. 19Paragraph 19
  599. Part: Compensation in respect of scheme right to transfer payment or contribution refund
  600. 20Paragraph 20
  601. Part: Pension credit members who have not attained normal benefit age at assessment date
  602. 21Paragraph 21
  603. 21AParagraph 21A
  604. Part: Survivors who do not meet conditions for scheme benefits at assessment date
  605. 22Paragraph 22
  606. Calculation of compensation on and after 1st January 2024
  607. 22AParagraph 22A
  608. Part: Compensation in form of dependants' benefits
  609. 23Paragraph 23
  610. Part: Effect of discharge of liability during or immediately before assessment period
  611. 23AParagraph 23A
  612. Part: Commutation of periodic compensation
  613. 24Paragraph 24
  614. Part: Early payment of compensation
  615. 25Paragraph 25
  616. Postponement of compensation
  617. 25AParagraph 25A
  618. Terminal illness lump sum: eligibility
  619. 25BParagraph 25B
  620. Terminal illness lump sum: application
  621. 25CParagraph 25C
  622. Terminal illness lump sum: determination of application
  623. 25DParagraph 25D
  624. Terminal illness lump sum: effect of successful application
  625. 25EParagraph 25E
  626. Terminal illness lump sum: information
  627. 25FParagraph 25F
  628. Part: Compensation cap
  629. 26Paragraph 26 Repealed
  630. 26AParagraph 26A Repealed
  631. Part: Increasing the compensation cap in line with earnings
  632. 27Paragraph 27 Repealed
  633. Part: Annual increase in periodic compensation
  634. 28Paragraph 28
  635. Part: Board's powers to alter rates of revaluation and indexation
  636. 29Paragraph 29
  637. Part: Department's powers to vary percentage paid as compensation
  638. 30Paragraph 30
  639. Part: Special provision in relation to certain pensions in payment before the assessment date
  640. 31Paragraph 31
  641. Paragraph Repealed
  642. Part: Short periods of service which terminate on commencement of assessment period
  643. 32Paragraph 32
  644. Part: Power to modify Schedule in its application to certain schemes
  645. 33Paragraph 33
  646. Part: Normal pension age
  647. 34Paragraph 34
  648. Part: Scheme rules, admissible rules etc.
  649. 35Paragraph 35
  650. Part: Accrual rate, pensionable service and pensionable earnings
  651. 36Paragraph 36
  652. Part: Other definitions
  653. 37Paragraph 37
  654. Schedule 7RESTRICTED INFORMATION HELD BY THE BOARD: CERTAIN PERMITTED DISCLOSURES TO FACILITATE EXERCISE OF FUNCTIONS
  655. Schedule 8: REVIEWABLE MATTERS
  656. 1Paragraph 1
  657. 2Paragraph 2
  658. 3Paragraph 3
  659. 3AParagraph 3A
  660. 3BParagraph 3B
  661. 4Paragraph 4
  662. 5Paragraph 5
  663. 6Paragraph 6
  664. 7Paragraph 7
  665. 7AParagraph 7A
  666. 7BParagraph 7B
  667. 7CParagraph 7C
  668. 7DParagraph 7D
  669. 9Paragraph 9
  670. 10Paragraph 10
  671. 11Paragraph 11
  672. 12Paragraph 12
  673. 13Paragraph 13
  674. 14Paragraph 14
  675. 14AParagraph 14A
  676. 14BParagraph 14B
  677. 14CParagraph 14C
  678. 15Paragraph 15
  679. 16Paragraph 16
  680. 16AParagraph 16A
  681. 16BParagraph 16B
  682. 16CParagraph 16C
  683. 16DParagraph 16D
  684. 16EParagraph 16E
  685. 16FParagraph 16F
  686. 16GParagraph 16G
  687. 16HParagraph 16H
  688. 16IParagraph 16I
  689. 17Paragraph 17
  690. 17AParagraph 17A
  691. 17BParagraph 17B
  692. 18Paragraph 18
  693. 19Paragraph 19
  694. 19AParagraph 19A
  695. 19BParagraph 19B
  696. 20Paragraph 20
  697. 21Paragraph 21
  698. 22Paragraph 22
  699. 23Paragraph 23
  700. 24Paragraph 24
  701. 25Paragraph 25
  702. 26Paragraph 26
  703. 27Paragraph 27
  704. 28Paragraph 28
  705. 29Paragraph 29
  706. 30Paragraph 30
  707. Schedule Schedule
  708. Schedule Schedule
  709. Schedule Schedule