# The Occupational Pension Schemes (Charges and Governance) Regulations (Northern Ireland) 2015, Section 12: Amendment of the Stakeholder Pension Schemes Regulations


(1) The Stakeholder Pension Schemes Regulations (Northern Ireland) 2000 are amended in accordance with paragraphs (2) and (3).
(2) In regulation 13 (expenses, commission etc. – principles) after paragraph (4) add—
“(5) This regulation and regulations 14 to 14C do not apply in the circumstances set out in regulation 14D.”.
(3) After regulation 14C (rounding of fractional amounts) insert—
“Disapplication of regulations 13 to 14C in certain circumstances
14D (1) The circumstances referred to in regulation 13(5) are as follows.
(2) In relation to a member of a stakeholder pension scheme that is a personal pension scheme, the circumstances are that—
(a) the scheme is a qualifying scheme in relation to an employer, and
(b) the member's workplace pension contributions are allocated under a default arrangement.
(3) In relation to a member of a stakeholder pension scheme that is an occupational pension scheme, the circumstances are that Part 2 of the Occupational Pension Schemes (Charges and Governance) Regulations (Northern Ireland) 2015 (restrictions on charges) applies to the scheme.
(4) In this regulation “default arrangement” and “workplace pension contributions” have the meanings given by the FCA Handbook .”.

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Source: https://www.legislation.gov.uk/nisr/2015/309/section/12 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-charges-and-governance-regulations-northern-ireland-2015/section-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.