{
  "url": "https://openlegislation.uk/pensions-1995-order-commencement-no-2-order-northern-ireland-1996/schedule/part-IV",
  "json_url": "https://openlegislation.uk/pensions-1995-order-commencement-no-2-order-northern-ireland-1996/schedule/part-IV.json",
  "legislation": "nisr/1996/91",
  "legislation_title": "The Pensions (1995 Order) (Commencement No. 2) Order (Northern Ireland) 1996",
  "legislation_url": "https://openlegislation.uk/pensions-1995-order-commencement-no-2-order-northern-ireland-1996",
  "path": "schedule/part/IV",
  "kind": "part",
  "number": "IV",
  "heading": "Provisions coming into Operation on 6th April 1996 for the purpose only of Authorising the Making of Regulations",
  "text": "Provisions of the Order\nSubject Matter\nArticle 10(2) and (3)\nCivil penalties\nArticles 16 to 21\nMember-nominated trustees and directors\nArticle 27\nTrustee not to be scheme auditor or actuary\nArticle 32\nDecisions by majority of trustees\nArticle 33\nInvestment powers: duty of care\nArticle 35\nInvestment principles\nArticle 37\nPayment of surplus to employer\nArticle 38\nPower to defer winding up\nArticle 40\nRestriction on employer-related investments\nArticle 41\nProvision of documents for members\nArticle 47\nProfessional advisers\nArticle 49\nReceipts, payments and records\nArticle 50\nResolution of disputes\nArticle 51\nAnnual increase in rate of pension\nArticles 56 to 61\nMinimum funding requirement\nArticle 67\nRestriction on powers to alter schemes\nArticle 68\nPower of trustees to modify schemes by resolution\nArticle 69\nGrounds for applying to Authority for modification orders\nArticle 73\nPreferential liabilities on winding up\nArticle 74(2), (3) and (5)(b)\nDischarge of liabilities by insurance, etc.\nArticle 75\nDeficiencies in the assets\nArticle 76\nExcess assets on winding up\nArticle 77\nExcess assets remaining after winding up: power to distribute\nArticles 85 to 87\nMoney purchase schemes\nArticles 89 to 93\nAssignment, forfeiture, bankruptcy, etc.\nArticle 133\nNew requirements for contracted-out schemes\nArticle 134\nState scheme contributions and rebates\nArticle 136\nMoney purchase and personal pension schemes: verification of ages\nArticle 137(1)\nReduction in State benefits for members of certified schemes\nArticle 138\nState scheme, etc. premiums and buyback into State scheme\nArticles 148 to 150\nTransfer values\nArticle 151 for the purpose only of authorising the making of regulations relating to section 109 of the Pension Schemes Act\nPenalties for breach of regulations under the Pension Schemes Act\nSchedule 1, paragraph 36(a)(ii) and Article 119 in so far as it relates to that paragraph\nAmendments consequential on Part II of the Order\nSchedule 3, paragraph 14 (in so far as it relates to sections 7(5)(d), 30(2)(a), 46(4) and 159(6) of the Pension Schemes Act), paragraph 15(a) (in so far as it relates to section 3(1) of that Act) and paragraphs 21(a), 26(b), 27(b), 28, 30, 32, 37(b), 38, 40(c), 41(a), 55, 60(c) and 70 and Article 147 in so far as it relates to the above mentioned paragraphs\nAmendments relating to Part IV, etc. of the Order\nSchedule 4, paragraphs 6, 7 and 8(c) and (e) and Article 165 in so far as it relates to those paragraphs\nGeneral minor and consequential amendments",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/1996/91/schedule/part/IV",
    "retrieved_at": "2026-10-29T02:37:15.133297+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}