OpenLegislation

Pension Schemes Act 1993 in Northern Ireland

1993 c. 48 · Enacted 5 November 1993 · Extends to United Kingdom

Not fully up to date. 105 changes made by later legislation have not yet been written into this text, which is revised to 1 October 2026.

See the changes not yet applied
ProvisionChangeMade by
s. 127(2)(b)words substitutedJudicial Factors (Scotland) Act 2025 sch. 2 para. 4(3)
s. 123(2)(b)words substitutedJudicial Factors (Scotland) Act 2025 sch. 2 para. 4(2)
s. 181(4)word repealedPensions Act 2004 Sch. 13
s. 146(6A)insertedPensions Act 2004 Sch. 12 para. 24(b)
s. 145(1A)-(1C)insertedPensions Act 2004 Sch. 12 para. 23
s. 131(b)words repealedPensions Act 2004 Sch. 13
s. 181(3)words repealedPensions Act 2004 Sch. 13
s. 34(1)(a)(ii)words repealedPensions Act 2004 Sch. 13
s. 50(4)words substitutedPensions Act 2007 Sch. 4 para. 55
s. 45repealedPensions Act 2007 Sch. 4 para. 53 Sch. 7 Pt. 7
s. 20(3)words repealedPensions Act 2007 Sch. 4 para. 48 Sch. 7 Pt. 7
s. 40(b)repealedPensions Act 2007 Sch. 4 para. 50 Sch. 7 Pt. 7
s. 42ArepealedPensions Act 2007 Sch. 4 para. 51 Sch. 7 Pt. 7
s. 43repealedPensions Act 2007 Sch. 4 para. 52 Sch. 7 Pt. 7
s. 181(4)words repealedPensions Act 2007 Sch. 4 para. 58(3) Sch. 7 Pt. 7
s. 181(1)words repealedPensions Act 2007 Sch. 4 para. 58(2) Sch. 7 Pt. 7
s. 177(7)(a)words repealedPensions Act 2007 Sch. 4 para. 57(3) Sch. 7 Pt. 7
s. 164(2)(b)words repealedPensions Act 2007 Sch. 4 para. 56 Sch. 7 Pt. 7
s. 177(2)(a)repealedPensions Act 2007 Sch. 4 para. 57(2)(b) Sch. 7 Pt. 7
s. 177(2)(za)words repealedPensions Act 2007 Sch. 4 para. 57(2)(a) Sch. 7 Pt. 7
s. 46(3)repealedWelfare Reform Act 2007 Sch. 8
Sch. 8 para. 39repealedWelfare Reform Act 2007 Sch. 8
s. 175AinsertedPensions Act 2008 Sch. 10 para. 1
s. 46A headingwords substitutedPensions Act 2011 Sch. 3 para. 11(b)
s. 46A(1)(c)words substitutedPensions Act 2011 Sch. 3 para. 11(a)
s. 46(1A)words substitutedPensions Act 2011 Sch. 3 para. 10
s. 101AI(8)(a)(viii)insertedPensions Act 2014 Sch. 17 para. 20(3)(a)
s. 101AI(8)(b)(vi)insertedPensions Act 2014 Sch. 17 para. 20(3)(b)
s. 94(2A)(b)(vi)insertedPensions Act 2014 Sch. 17 para. 20(2)(b)
s. 94(2A)(a)(viii)insertedPensions Act 2014 Sch. 17 para. 20(2)(a)
s. 86A 86BinsertedPension Schemes Act 2015 Sch. 1 para. 6
s. 113(1)(ca)words omittedPension Schemes Act 2015 s. 38(2)(b)
s. 113(2)omittedPension Schemes Act 2015 s. 38(3)
s. 113(4)(4A)substituted for s. 113(4)Pension Schemes Act 2015 s. 38(5)
s. 113(5)words substitutedPension Schemes Act 2015 s. 38(6)
s. 113(10)words substitutedPension Schemes Act 2015 Sch. 2 para. 3
s. 124(3A)substitutedPension Schemes Act 2015 Sch. 2 para. 4
s. 181(1)words insertedPension Schemes Act 2015 Sch. 2 para. 5(2)
s. 181(1)words omittedPension Schemes Act 2015 Sch. 2 para. 5(3)
s. 186(3)(ba)insertedPension Schemes Act 2015 Sch. 1 para. 7
Sch. 3 para. 3AomittedPension Schemes Act 2015 Sch. 1 para. 9
Sch. 3 para. 4omittedPension Schemes Act 2015 Sch. 1 para. 9
Sch. 3 para. 5(1)words substitutedPension Schemes Act 2015 Sch. 1 para. 10
Sch. 3 para. A1 and cross-headinginsertedPension Schemes Act 2015 Sch. 1 para. 8
s. 70(1)words insertedPension Schemes Act 2015 s. 39(3)(a)
s. 70(1)words omittedPension Schemes Act 2015 s. 39(3)(b)
s. 71(1)(aa)substitutedPension Schemes Act 2015 s. 39(2)(a)
s. 71(1A)insertedPension Schemes Act 2015 s. 39(2)(b)
s. 71(7)-(10)substituted for s. 71(7)-(11)Pension Schemes Act 2015 s. 39(4)
s. 74(3)words insertedPension Schemes Act 2015 s. 39(5)
s. 74(4)words insertedPension Schemes Act 2015 s. 39(5)
s. 82AinsertedPension Schemes Act 2015 Sch. 1 para. 2
s. 83(1A)-(1AC)substituted for s. 83(1A)Pension Schemes Act 2015 Sch. 1 para. 3
s. 83(4)(a)substitutedPension Schemes Act 2015 Sch. 2 para. 2
s. 84-84Fsubstituted for s. 84Pension Schemes Act 2015 Sch. 1 para. 4
s. 85AinsertedPension Schemes Act 2015 Sch. 1 para. 5
s. 113(1)words substitutedPension Schemes Act 2015 s. 38(2)(a)
s. 185(2)(ca)insertedFinancial Guidance and Claims Act 2018 s. 19(5)
s. 1(1)modifiedPension Schemes Act 2026 s. 97(2)
s. 55(2A)(c)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 16
s. 48(2)(c)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 15
s. 17(2)(c)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 4(b)
s. 17(1)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 4(a)
s. 8(2)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 1
s. 12A(1)(2)(b)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 2
s. 12B(4)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 3
s. 109(2)(b)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 22
s. 109(2)(b)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 23
s. 109(2)(b)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 24(1)
s. 109(2)(b)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 24(2)
s. 17(4)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 4(c)
s. 17(4)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 4(d)(i)
s. 17(4)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 4(d)(ii)
s. 17(4)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 4(d)(iii)
s. 17(4)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 4(d)(iv)
s. 17(4B)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 4(e)
s. 17(6)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 4(f)
s. 17(7)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 4(g)
s. 17(8)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 4(h)
s. 19(5)(a)(i)(ii)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 5
s. 20(6)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 6
s. 21(2)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 7
s. 23(3)(b)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 8
s. 28(3)(b)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 9(a)
s. 28(4B)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 9(b)
s. 28(8)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 9(c)(i)
s. 28(8)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 9(c)(ii)
s. 28A(1)(3)(5)(b)(ii)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 10
s. 29(1)(b)(3)(b)(4)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 11
s. 37(4)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 12
s. 38(2)word insertedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 13(a)
s. 60words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 17
s. 88(1)(b)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 19
s. 89(1)(a)(b)(2)(b)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 20
s. 90(2)(a)(b)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 21
s. 38(2)words insertedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 13(b)
s. 47(1)words insertedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 14(a)
s. 47(3)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 14(b)(i)
s. 47(3)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 14(b)(ii)
s. 87(2)(c)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 18(a)
s. 87(3)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 18(b)
s. 87(3)(a)(4)(d)words substitutedCivil Partnership (Contracted-out Occupational and Appropriate Personal Pension Schemes) (Surviving Civil Partners) 2005 art. 2(1) Sch. 1 para. 18(c)
s. 84(1)modifiedOccupational and Personal Pension Schemes (Automatic Enrolment) 2010 reg. 37(3)
Pt. 4 Ch. 3modifiedFirefighters’ Pension Scheme (Consequential Provisions) 2015 reg. 10
Pt. 4 Ch. 3modifiedPublic Service (Civil Servants and Others) Pensions (Consequential and Amendment) 2015 reg. 10

An Act to consolidate certain enactments relating to pension schemes with amendments to give effect to recommendations of the Law Commission and the Scottish Law Commission.

[5th November 1993]

X1I1E1Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—C1C2C3C4C5C6C7C8C9C10C11C12C13C14

Annotations to the whole text

Modifications

C1

Act modified (19.7.1995) by Pensions Act 1995 (c. 26), Sch. 4 para. 1

C2

Act applied (4.12.1995 for specified purposes, 1.1.1996 for specified purposes, 6.4.1996 in so far as not already in force) by Pensions Act 1995 (c. 26), s. 124(5) (with s. 121(5)); S.I. 1995/3104, art. 2; S.I. 1996/778, art. 2(4), Sch. Pt. 4

C3

Act: power to modify conferred (6.4.1997 in so far as not already in force) by Pensions Act 1995 (c. 26), s. 149(2); S.I. 1996/778, art. 2(6); S.I. 1997/664, art. 2(3), Sch. Pt. 2

C4

Act: power to modify conferred (25.2.1999 for specified purposes, 1.4.1999 in so far as not already in force) by Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2), s. 15(1)(2)(b); S.I. 1999/527, art. 2(b), Sch. 2 (with arts. 3-6)

C5

Act: power to modify conferred (11.11.1999) by Welfare Reform and Pensions Act 1999 (c. 30), s. 85(1)(b)(i)

C6

Act: power to amend conferred (2.12.1999) by Northern Ireland Act 1998 (c. 47), s. 87 (with s. 95); S.I. 1999/3209, art. 2, Sch.

C7

Act: transfer of functions (6.4.2005) by Pensions Act 2004 (c. 35), ss. 7(1)(a), 322(1) (with s. 313); S.I. 2005/275, art. 2(7), Sch. Pt. 7 (with transitional provisions and savings in S.I. 2005/695, arts. 5(8), 6, Schs. 2, 3 (as amended by S.I. 2005/1108, art. 3(b))

C8

Act modified (6.4.2006) by Pensions Act 2004 (c. 35), ss. 254(1)(3)(a), 322(1) (with s. 313); S.I. 2006/560, art. 2(3), Sch. Pt. 3

C9

Act: power to modify conferred (6.4.2006) by Pensions Act 2004 (c. 35), ss. 321(1)(b), 322(1); S.I. 2006/560, art. 2(3), Sch. Pt. 3

C10

Act modified (1.4.2008) by The Agriculture and Horticulture Development Board Order 2008 (S.I. 2008/576), art. 1(3), Sch. 4 para. 5

C11

Act: power to modify conferred (26.11.2008) by Pensions Act 2008 (c. 30), ss. 146(2)(a), 149(2)

C12

Act modified (21.2.2009) by The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317), arts. 1, 3, Sch.

C13

Act modified (8.2.2011) by The Investment Bank Special Administration Regulations 2011 (S.I. 2011/245), reg. 1, Sch. 6 Pt. 1 (with reg. 27(a))

C14

Act modified (8.7.2021) by The Payment and Electronic Money Institution Insolvency Regulations 2021 (S.I. 2021/716), reg. 2, Sch. 3 paras. 2, 3 (with reg. 5) (as amended (4.1.2024) by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 4)

Commencement

I1

Act not in force at Royal Assent, see s. 193(2)(3) and Sch. 9

Extent

E1

Act's amending/repealing provisions are co-extensive with the enactments they affect see s. 192(1)

Extent attributes have been set without reference to the co-extensive extent provision except in the repeal and amendment schedules

Editorial notes

X1

[A Table showing the derivation of the provisions of this consolidation Act will be found at the end of the Act. The Table has no official status]

Contents

  1. Part I: Preliminary
  2. 1Categories of pension schemes.
  3. Part II: Administration
  4. The Occupational Pensions Board
  5. 2Constitution and functions of the Board. Repealed
  6. 3Membership of the Board. Repealed
  7. 4Reports of the Board. Repealed
  8. 5Further provisions as to constitution and procedure of the Board. Repealed
  9. Registration of schemes
  10. 6Registration of occupational and personal pension schemes. Repealed
  11. Preliminary
  12. 7AMeaning of “the first abolition date” and “the second abolition date”
  13. 7BMeaning of “contracted-out scheme” and “appropriate scheme” etc.
  14. ...
  15. 12AThe statutory standard Repealed
  16. 12CTransfer, commutation, etc Repealed
  17. 12DEntitlement to benefit Repealed
  18. 15AReduction of guaranteed minimum in consequence of pension debit.
  19. 18Treatment of insignificant amounts.
  20. 19Discharge of liability where guaranteed minimum pensions secured by insurance policies or annuity contracts.
  21. 21Commutation, surrender and forfeiture.
  22. 24BThe conversion conditions
  23. 24CActuarial equivalence
  24. 24EProcedural requirements
  25. 24FTransfer out
  26. 24GPowers to amend schemes
  27. 24HEnforcement of GMP conversion conditions
  28. Discretionary requirements
  29. 25ARequirements for schemes with members with protected rights Repealed
  30. 26Persons who may establish scheme. Repealed
  31. 27Identification and valuation of protected rights. Repealed
  32. 27ARequirements in relation to giving effect to protected rights Repealed
  33. 28ARequirements for interim arrangements Repealed
  34. 32Suspension or forfeiture. Repealed
  35. 32ADischarge of protected rights on winding up: insurance policies Repealed
  36. 33Tax requirements to prevail over requirements of section 31. Repealed
  37. Cancellation, variation, surrender and refusal of certificates
  38. 35Surrender and cancellation of contracting-out certificates: issue of further certificates. Repealed
  39. 36Surrender and cancellation of contracting-out certificates: cancellation of further certificates. Repealed
  40. General regulations as to administration of Part III
  41. 39General power to make regulations.
  42. Preliminary
  43. Reduced rates of contributions, and rebates, for members of money purchase contracted-out schemes
  44. 42BDetermination and alteration of rates of contributions, and rebates, applicable under section 42A Repealed
  45. 45ADetermination and alteration of rates of minimum contributions under section 45 Repealed
  46. 46ARetirement in tax year after 5th April 2020 Repealed
  47. Effect of reduced contributions and rebates on social security benefits
  48. 48AAdditional pension and other benefits
  49. 49Women, married women and widows. Repealed
  50. Approval of arrangements for schemes ceasing to be certified
  51. Supervision of formerly certified schemes
  52. State scheme premiums
  53. Part IIIA: Safeguarded rights Repealed
  54. 68ASafeguarded rights. Repealed
  55. 68BRequirements relating to safeguarded rights. Repealed
  56. 68CReserve powers in relation to non-complying schemes. Repealed
  57. 68DPower to control transfer or discharge of liability. Repealed
  58. 69Scope of Chapter I: the preservation requirements.
  59. 70Interpretation.
  60. 71Basic principle as to short service benefit.
  61. 72No discrimination between short service and long service beneficiaries.
  62. 73Form of short service benefit and its alternatives.
  63. 74Computation of short service benefit.
  64. 75Credits.
  65. 76Pension increases.
  66. 77Assignment, surrender and commutation of benefit. Repealed
  67. 78Forfeiture, etc. Repealed
  68. 79Charges, liens and set-offs. Repealed
  69. 80Power to modify ss. 77 to 79 as respects alternative benefits. Repealed
  70. 81Discharge of liability where short service or alternative benefits secured by insurance policies or annuity contracts.
  71. 82Supplementary regulations.
  72. Chapter II: Revaluation of accrued benefits (excluding guaranteed minimum pensions)
  73. 83Scope of Chapter II.
  74. 85Revaluation not to apply to substituted benefit.
  75. 86Supplementary provisions.
  76. Chapter III: Protection of increases in guaranteed minimum pensions (“anti-franking”)
  77. 88The relevant sum.
  78. 89The appropriate addition.
  79. 90The later earnings addition.
  80. 91Special provision where employment continues after it ceases to be contracted-out by reference to scheme.
  81. 92Supplementary provisions.
  82. IVTransfer values
  83. 5Early leavers: cash transfer sums and contribution refunds
  84. Part 4ZA: Transfers and contribution refunds
  85. 97ADesignation of funded public service defined benefits schemes
  86. 97BDesignation of funded public service defined benefits schemes: Scotland
  87. 97CReduction of cash equivalents in case of designated schemes
  88. 99ATrustees' further duties: collective money purchase benefits
  89. 100Withdrawal of applications.
  90. 100AProhibition on excluding future accruals etc
  91. 100BMeaning of “scheme rules”: occupational pension schemes
  92. 100CMeaning of “normal pension age” in this Chapter
  93. 100DInterpretation of Chapter
  94. 101Supplementary provisions.
  95. Chapter 2: Early leavers: cash transfer sums and contribution refunds
  96. 101AAScope of Chapter 5
  97. 101ABRight to cash transfer sum and contribution refund
  98. 101ACNotification of right to cash transfer sum or contribution refund
  99. 101ADExercise of right under section 101AB
  100. 101AEPermitted ways of using cash transfer sum
  101. 101AFCalculation of cash transfer sum and contribution refund
  102. 101AGDuties of trustees or managers following exercise of right
  103. 101AHPowers of trustees or managers where right not exercised
  104. 101AIRights under section 101AB: further provisions
  105. Part IVA: Requirements relating to pension credit benefit
  106. Chapter I: Pension credit benefit under occupational schemes
  107. 101AScope of Chapter I.
  108. 101BInterpretation.
  109. 101CBasic principle as to pension credit benefit.
  110. 101DForm of pension credit benefit and its alternatives.
  111. 101EDischarge of liability where pension credit or alternative benefits secured by insurance policies or annuity contracts.
  112. Chapter II: Transfer values
  113. 101FPower to give transfer notice.
  114. 101GRestrictions on power to give transfer notice.
  115. 101HBenefits other than money purchase: statements of entitlement.
  116. 101ICalculation of cash equivalents.
  117. 101JTime for compliance with transfer notice.
  118. 101KWithdrawal of transfer notice.
  119. 101LVariation of the amount required to be used.
  120. 101MEffect of transfer on trustees’ duties.
  121. 101NMatters to be disregarded in calculations.
  122. 101NAProhibition on excluding transfers of some rights without others etc
  123. 101OService of notices.
  124. 101PInterpretation of Chapter II.
  125. 101QPower to modify Chapter II in relation to hybrid schemes. Repealed
  126. 102Scope of Chapter I: annual increase of certain occupational pensions. Repealed
  127. 103Annual increase of later service component. Repealed
  128. 104Annual increase of earlier service component where scheme is in surplus. Repealed
  129. 105Proportional increase where first period is less than 12 months. Repealed
  130. 106Restriction on increase where member is under 55. Repealed
  131. 107Application of Chapter I to pensions not attributable to pensionable service. Repealed
  132. 108No payments to employers from non-complying schemes. Repealed
  133. Chapter II: Guaranteed minimum pensions
  134. 111Voluntary contributions. Repealed
  135. 111AMonitoring of employers’ payments to personal pension schemes.
  136. 111BObtaining information for purposes of section 111A and corresponding Northern Ireland legislation. Repealed
  137. 113Disclosure of information about schemes to members etc.
  138. 113ADisclosure of information about transfers etc
  139. 113BOccupational pension schemes: requirements to refer members to guidance etc
  140. 115Powers as respects failure to comply with information requirements.
  141. 117Regulations as to form and content of advertisements.
  142. 119Requirement for independent trustee where employer becomes insolvent etc. Repealed
  143. 120Members’ powers to apply to court to enforce duty under s. 119. Repealed
  144. 121Further provisions as to appointment and powers of independent trustees. Repealed
  145. 122Duty of insolvency practitioner or official receiver to give information to scheme trustees. Repealed
  146. Chapter II: Payment by Secretary of State of unpaid scheme contributions
  147. 125Certification of amounts payable under s. 124 by insolvency officers.
  148. 126Complaint to industrial tribunal.
  149. 127Transfer to Secretary of State of rights and remedies.
  150. Chapter III: Priority in bankruptcy
  151. 128Priority in bankruptcy etc.
  152. 130Extra-statutory benefits.
  153. 131Relationship of preservation requirements and scheme rules.
  154. 135Persons competent to make applications under s. 134. Repealed
  155. 137Persons competent to make applications under s. 136. Repealed
  156. 138Further provisions concerning the Board’s powers under s. 136. Repealed
  157. 141Modification of public service schemes. Repealed
  158. Winding up
  159. Part X: Investigations: the Pensions Ombudsman
  160. 145The Pensions Ombudsman.
  161. 145ADeputy Pensions Ombudsmen
  162. 151AInterest on late payment of benefit
  163. Part XI: General and miscellaneous provisions
  164. Modification powers
  165. 154Application of enactments as respects personal pension schemes.
  166. 157Power of Secretary of State to obtain information in connection with applications under s. 124.
  167. 159ANo forfeiture on bankruptcy of rights under personal pension schemes.
  168. 160Terms of contracts of service or schemes restricting choice to be void.
  169. 161Provisions excluding Chapter II of Part VII to be void.
  170. 162Removal of restrictions on friendly societies’ pension business.
  171. 167Application of general provisions relating to administration of social security.
  172. 168AOffence in connection with the Registrar Repealed
  173. 169Offences by bodies corporate.
  174. General provisions as to determinations and appeals
  175. 171AReports by Inland Revenue.
  176. 172Review of the Board’s determinations. Repealed
  177. Part XII: Supplementary Provisions
  178. Interpretation
  179. 179Linked qualifying service.
  180. 180AInsurer and long-term insurance business
  181. 181General interpretation.
  182. 181AInterpretation of references to money purchase contracted-out schemes or appropriate schemes after abolition date Repealed
  183. 181BMoney purchase benefits: supplementary
  184. Subordinate legislation etc.
  185. 182Orders and regulations (general provisions).
  186. 183Sub-delegation.
  187. 185Consultations about other regulations.
  188. 186Parliamentary control of orders and regulations.
  189. 187Northern Ireland Constitution Act 1973: “reserved matters”. Repealed
  190. Supplemental provisions
  191. 188Repeals.
  192. 189Transitional provisions and savings.
  193. 190Prospective and consequential amendments.
  194. 191Transitory modifications.
  195. 192Extent.
  196. 193Short title and commencement.
  197. Schedule 1: The Occupational Pensions Board
  198. Introductory
  199. 1Paragraph 1 Repealed
  200. Membership Repealed
  201. 2Paragraph 2 Repealed
  202. 3Paragraph 3 Repealed
  203. 4Paragraph 4 Repealed
  204. 5Paragraph 5 Repealed
  205. Expenses, remuneration, etc. of members Repealed
  206. 6Paragraph 6 Repealed
  207. 7Paragraph 7 Repealed
  208. 8Paragraph 8 Repealed
  209. 9Paragraph 9 Repealed
  210. Procedure Repealed
  211. 10Paragraph 10 Repealed
  212. 11Paragraph 11 Repealed
  213. Proceedings Repealed
  214. 12Paragraph 12 Repealed
  215. 13Paragraph 13 Repealed
  216. 14Paragraph 14 Repealed
  217. Staff etc. Repealed
  218. 15Paragraph 15 Repealed
  219. Fees Repealed
  220. 16Paragraph 16 Repealed
  221. Instruments and contracts
  222. 17Paragraph 17 Repealed
  223. 18Paragraph 18 Repealed
  224. The revaluation percentage and the appropriate revaluation percentage
  225. 2AParagraph 2A
  226. The average salary method
  227. The cash balance method
  228. The flat rate method
  229. The money purchase method
  230. Earner’s contributions to occupational pension scheme
  231. State scheme premiums
  232. Interpretation
  233. Schedule 5: Repeals
  234. IGeneral
  235. IIProvisions relating to equal access Not yet in force
  236. IVSubordinate legislation revoked
  237. Schedule 6: Transitional Provisions and Savings
  238. Part I: General Provisions
  239. 1Paragraph 1
  240. 2Paragraph 2
  241. 3Paragraph 3
  242. 4Paragraph 4
  243. 5Paragraph 5
  244. 6Paragraph 6
  245. Part II: Specific Provisions
  246. Contracting-out requirements for schemes providing guaranteed minimum pensions
  247. 7Paragraph 7
  248. 8Paragraph 8
  249. 9Paragraph 9
  250. 10Paragraph 10
  251. Overriding effect of certain requirements for existing contracted-out and appropriate schemes
  252. 11Paragraph 11 Repealed
  253. 12Paragraph 12
  254. Transactions discharging trustees
  255. 13Paragraph 13
  256. Contributions equivalent premiums: earnings before 1987-88
  257. 14Paragraph 14
  258. Preservation
  259. 15Paragraph 15
  260. Anti-franking
  261. 16Paragraph 16
  262. Modifications in consequence of enactment of Part I of the Social Security Act 1986
  263. 17Paragraph 17
  264. Savings for statutory instruments
  265. 18Paragraph 18
  266. 19Paragraph 19
  267. Provisions contained in this Act by virtue of statutory instruments
  268. 20Paragraph 20
  269. Saving for application of general provisions relating to social security
  270. 21Paragraph 21
  271. Saving for section 7 of the Social Security Act 1986
  272. 22Paragraph 22
  273. Schedule 7: Re-enactment or amendment of certain provisions not in force Not yet in force
  274. 2Paragraph 2 Not yet in force
  275. This Act Not yet in force
  276. 3Paragraph 3 Not yet in force
  277. Schedule 8: Consequential Amendments
  278. The Parliamentary Commissioner Act 1967 (c. 13)
  279. 1Paragraph 1
  280. The Superannuation Act 1972 (c. 11)
  281. 6Paragraph 6
  282. 8Paragraph 8
  283. The Judicial Pensions Act 1981 (c. 20)
  284. 13Paragraph 13
  285. 14Paragraph 14
  286. 19Paragraph 19 Repealed
  287. The Income and Corporation Taxes Act 1988 (c. 1)
  288. 20Paragraph 20 Repealed
  289. The Official Secrets Act 1989 (c. 6)
  290. 21Paragraph 21
  291. The Finance Act 1989 (c. 26)
  292. 22Paragraph 22
  293. 24Paragraph 24 Repealed
  294. 25Paragraph 25
  295. 26Paragraph 26 Repealed
  296. 33Paragraph 33
  297. 34Paragraph 34
  298. The Tribunals and Inquiries Act 1992 (c. 53)
  299. 44Paragraph 44
  300. The Judicial Pensions and Retirement Act 1993 (c.8)
  301. 46Paragraph 46
  302. Schedule 9: Transitory Modifications
  303. 1Paragraph 1
  304. Rule against perpetuities
  305. 2Paragraph 2
  306. Limited price indexation
  307. 3Paragraph 3 Repealed
  308. Guaranteed minimum for married women and widows paying reduced rate contributions
  309. 4Paragraph 4 Repealed
  310. 5Paragraph 5 Repealed
  311. Friendly societies
  312. 6Paragraph 6
  313. Judicial pensions
  314. 7Paragraph 7
  315. Schedule: TABLE OF DERIVATIONS
  316. 1Notes:
  317. 2Paragraph 2
  318. 3Paragraph 3
  319. 4Paragraph 4
  320. 5Paragraph 5
  321. 6Paragraph 6