Regulation 17 References to relevant former employersI1

Northern Ireland

(1)

In section 82(5) (triggering events), in the definition of “relevant former employer”, for “collective money purchase scheme” substitute “single or connected employer scheme”.

(2)

In section 87(1)(c) (continuity option 1: discharge of liabilities and winding up)—

(a)

for “each employer and relevant former employer, and each beneficiary,” substitute “the following”;

(b)

for “the Department.” substitute—

“the Department—

(i)

each employer,

(ii)

each beneficiary, and

(iii)

where the scheme is a single or connected employer scheme, each relevant former employer.”.

(3)

In section 92(2) (trustees’ duties once implementation strategy approved) for “to employers or relevant former employers” substitute “to employers or, where the scheme is a single or connected employer scheme, relevant former employers”.

(4)

In section 95(5)(b)(i) (pause orders) after “on behalf of employers or” insert “, where the scheme is a single or connected employer scheme,”.

(5)

In Schedule 5 (pause orders), in paragraph 4(3)(c), at the beginning insert “where the scheme is a single or connected employer scheme,”.

Annotations

Commencement

I1: Reg. 17 in operation at 31.7.2026, see reg. 1(1)