Paragraph 15

Northern Ireland

(1)

In Article 3 of the Welfare Reform and Pensions (Northern Ireland) Order 1999 (S.I. 1999/3147 (N.I. 11)) (meaning of “stakeholder pension scheme”), in paragraph (5) (fourth condition: charge cap)—

(a)

for “result in” substitute “constitute”;

(b)

after “members” insert “or the making of transfer payments with a view to acquiring rights or entitlements to pension benefits under different pension schemes”.

I1 I2(2)

In Schedule 18 to the Pensions Act (Northern Ireland) 2015 (c. 5 (N.I.)) (power to restrict charges or impose requirements in relation to schemes), in paragraph 1(5), in the definition of “administration charge”—

(a)

for “result in” substitute “constitute”;

(b)

after “members” insert “or the making of transfer payments with a view to acquiring rights or entitlements to pension benefits under different pension schemes”.

I3(3)

In section 109 of the Pension Schemes (Northern Ireland) Act 1993 (disclosure of information about schemes to members etc)—

(a)

in subsection (6)(b), after “the” insert “other”;

(b)

in subsection (7), after “or” insert “other”.

Annotations

Commencement

I1: Sch. 11 para. 15(2) in force at 29.9.2021 for specified purposes by S.R. 2021/271, art. 2(2) (with art. 10)
I2: Sch. 11 para. 15(2) in force immediately before 1.10.2021 in so far as not already in force by S.R. 2021/271, art. 2(2) (with art. 10)
I3: Sch. 11 para. 15(3) in force at 1.10.2021 by S.R. 2021/271, art. 2(3)(j)