{
  "url": "https://openlegislation.uk/pensions-act-1995-commencement-no-3-order-1996/schedule/part-V",
  "json_url": "https://openlegislation.uk/pensions-act-1995-commencement-no-3-order-1996/schedule/part-V.json",
  "legislation": "uksi/1996/778",
  "legislation_title": "The Pensions Act 1995 (Commencement No. 3) Order 1996",
  "legislation_url": "https://openlegislation.uk/pensions-act-1995-commencement-no-3-order-1996",
  "path": "schedule/part/V",
  "kind": "part",
  "number": "V",
  "heading": "PROVISIONS OF THE ACT COMING INTO FORCE ON 6TH APRIL 1996 FOR THE PURPOSE ONLY OF AUTHORISING THE MAKING OF REGULATIONS",
  "text": "Provisions of the Act\nSubject matter\nsection 10(2) and (3)\ncivil penalties\nsections 16 to 21\nmember-nominated trustees and directors\nsection 27\ntrustee not to be scheme auditor or actuary\nsection 32\ndecisions by majority of trustees\nsection 33\ninvestment powers: duty of care\nsection 35\ninvestment principles\nsection 37\npayment of surplus to employer\nsection 38\npower to defer winding-up\nsection 40\nrestriction on employer-related investments\nsection 41\nprovision of documents for members\nsection 47\nprofessional advisers\nsection 49\nreceipts, payments and records\nsection 50\nresolution of disputes\nsection 51\nannual increase in rate of pension\nsections 56 to 61\nminimum funding requirement\nsection 67\ncertification of detrimental amendments\nsection 68\npower of trustees to modify schemes by resolution\nsection 69\ngrounds for applying to Authority for modification orders\nsection 73\npreferential liabilities on winding up\nsection 74(2), (3) and (5)(b)\ndischarge of liabilities by insurance etc\nsection 75\ndeficiencies in the assets\nsection 76\nexcess assets on winding up\nsection 77\nexcess assets remaining after winding up: power to distribute\nsections 87 to 89\nmoney purchase schemes\nsections 91 to 95\nassignment, forfeiture, bankruptcy etc\nsection 136\nnew requirements for contracted-out schemes\nsection 137\nState scheme contributions and rebates\nsection 139\nmoney purchase and personal pension schemes: verification of ages\nsection 140(1)\nreduction of State benefits for members of certified schemes\nsection 141\nState scheme etc premiums and buyback into State scheme\nsections 152 to 154\ntransfer values\nsection 155 but for the purpose only of authorising the making of regulations relating to section 113 of the Pension Schemes Act 1993\npenalties for breach of regulations under the Pension Schemes Act 1993\nSchedule 5, paragraph 21 (but only insofar as it relates to sections 11(5)(d), 34(2)(a), 50(4) and 163(6) of the Pension Schemes Act 1993), paragraph 22(a) (but only insofar as it relates to section 7(1) of that Act), and paragraphs 28(a), 33(b), 34(a), 35, 37, 39, 45(b), 46, 48(c), 49(a), 65, 70(c) and 84 and section 151 insofar as it relates to the above mentioned paragraphs\namendments relating to Part III of the Act\nSchedule 6, paragraphs 4, 5 and 6(c) and (e) and section 173 insofar as it relates to those paragraphs\namendments relating to Part IV of the Act",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/778/schedule/part/V",
    "retrieved_at": "2026-10-29T12:47:48.111417+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."
}