OpenLegislation

Pensions Act 2004 in Northern Ireland

2004 c. 35 · Enacted 18 November 2004 · Extends to United Kingdom

Not fully up to date. 95 changes made by later legislation have not yet been written into this text, which is revised to 31 July 2026.

See the changes not yet applied
ProvisionChangeMade by
s. 121(2)(e)(ii)words substitutedJudicial Factors (Scotland) Act 2025 sch. 2 para. 6
s. 286(2)words insertedPensions Act 2008 s. 124(5)
s. 321repealedPensions Act 2008 Sch. 11 Pt. 6
s. 117AinsertedPensions Act 2008 Sch. 10 para. 3
s. 323(2)(b)(i)words substitutedPensions Act 2008 Sch. 10 para. 9
Sch. 7 para. 25(3)words insertedPensions Act 2008 Sch. 8 para. 12
s. 209(9)addedPensions Act 2008 Sch. 10 para. 8
s. 286(2)words insertedPensions Act 2008 s. 124(4)
s. 188(1)(ba)insertedPensions Act 2008 Sch. 10 para. 6
s. 189AinsertedPensions Act 2008 Sch. 10 para. 7
Sch. 11 para. 7repealedPensions Act 2011 Sch. 2 para. 4(c)
s. 256(1)(b)words insertedPensions Act 2014 Sch. 17 para. 21(b)
s. 256(1)(b)words substitutedPensions Act 2014 Sch. 17 para. 21(a)
s. 126(1)-(1B)substituted for s. 126(1)Pension Schemes Act 2015 Sch. 2 para. 31
s. 221substitutedPension Schemes Act 2015 Sch. 2 para. 32
s. 258(2)(b)words substitutedPension Schemes Act 2015 Sch. 2 para. 34(a)
s. 258(2)(c)words substitutedPension Schemes Act 2015 Sch. 2 para. 34(b)
s. 286(2)words substitutedPension Schemes Act 2015 Sch. 2 para. 35
s. 307(4)words substitutedPension Schemes Act 2015 Sch. 2 para. 37
s. 318(1)words insertedPension Schemes Act 2015 Sch. 2 para. 38(2)(a)
s. 318(1)words omittedPension Schemes Act 2015 Sch. 2 para. 38(2)(b)
s. 23(1A)insertedPension Schemes Act 2015 Sch. 2 para. 26(3)
s. 318(3)(b)(vi)-(viii)insertedPension Schemes Act 2015 Sch. 2 para. 38(3)(b)
Sch. 12 para. 17omittedPension Schemes Act 2015 s. 38(7)
s. 17(3)words substitutedPension Schemes Act 2015 Sch. 2 para. 25(b)
s. 23(10A)insertedPension Schemes Act 2015 Sch. 2 para. 26(5)
s. 23(1)words substitutedPension Schemes Act 2015 Sch. 2 para. 26(2)
s. 318(3)(a)(viii)-(x)insertedPension Schemes Act 2015 Sch. 2 para. 38(3)(a)
s. 17(3)words substitutedPension Schemes Act 2015 Sch. 2 para. 25(a)
s. 23(2)words substitutedPension Schemes Act 2015 Sch. 2 para. 26(4)
s. 38(1)-(1B)substituted for s. 38(1)Pension Schemes Act 2015 Sch. 2 para. 27
s. 43(1)-(1B)substituted for s. 43(1)Pension Schemes Act 2015 Sch. 2 para. 28(2)
s. 43(2)words substitutedPension Schemes Act 2015 Sch. 2 para. 28(3)
s. 52(1)-(1B)substituted for s. 52(1)Pension Schemes Act 2015 Sch. 2 para. 29
s. 38(7)(da)insertedPension Schemes Act 2021 s. 104(2)
s. 80(1)(a)(iib)insertedPension Schemes Act 2021 s. 109(3)
Sch. 2 Pt. 6 7Sch. 2 Pt. 4A 4B moved and renumbered as Sch. 2 Pt. 6 7Pension Schemes Act 2026 Sch. para. 21(3)
Sch. 2 para. 46-60Sch. 2 para. 44A-44O renumbered as Sch. 2 para. 46-60Pension Schemes Act 2026 Sch. para. 21(4)
Sch. 2 Pt. 8insertedPension Schemes Act 2026 Sch. para. 21(5)
s. 73(2)(dza)insertedPension Schemes Act 2026 Sch. para. 6(2)
s. 256(1)(b)words insertedPension Schemes Act 2026 Sch. para. 19
s. 80A(2)(c)words insertedPension Schemes Act 2026 Sch. para. 11(a)
s. 80A(2)(c)word omittedPension Schemes Act 2026 Sch. para. 11(b)
s. 80A(2)(c)words insertedPension Schemes Act 2026 Sch. para. 11(d)
s. 82excludedPension Schemes Act 2026 s. 43(5)
s. 90(2)(je)-(jg)insertedPension Schemes Act 2026 Sch. para. 12(2)
s. 90(6)words insertedPension Schemes Act 2026 Sch. para. 12(3)(a)
s. 90(6)word omittedPension Schemes Act 2026 Sch. para. 12(3)(b)
s. 90(6)words insertedPension Schemes Act 2026 Sch. para. 12(3)(b)
s. 90(6)(da)words repealedPension Schemes Act 2026 s. 40(17)(b)
s. 93(2)(pf)(pg)insertedPension Schemes Act 2026 Sch. para. 13
s. 97(5)(tl)-(to)insertedPension Schemes Act 2026 Sch. para. 14
s. 80A(2)(c)s. 80A(2)(c)(i)-(vi) become unnumbered paras.Pension Schemes Act 2026 Sch. para. 11(c)
s. 222(4A)insertedPension Schemes Act 2026 Sch. para. 17
s. 224(7B)insertedPension Schemes Act 2026 Sch. para. 18(2)
s. 224(8)words substitutedPension Schemes Act 2026 Sch. para. 18(3)
s. 10(6)(m)-(p)insertedPension Schemes Act 2026 Sch. para. 2
s. 13(7)(j)insertedPension Schemes Act 2026 Sch. para. 3
s. 70(1)(g)insertedPension Schemes Act 2026 Sch. para. 4
s. 72(2)(ca)insertedPension Schemes Act 2026 Sch. para. 5
s. 73(2)(dd)insertedPension Schemes Act 2026 Sch. para. 6(3)
s. 73(2)(dza)words substitutedPension Schemes Act 2026 s. 40(19)(a)
s. 73(2)(e)word substitutedPension Schemes Act 2026 Sch. para. 6(4)
s. 76(3)(a)words insertedPension Schemes Act 2026 Sch. para. 7
s. 77A(7)insertedPension Schemes Act 2026 Sch. para. 8
s. 77B(9)insertedPension Schemes Act 2026 Sch. para. 9
s. 80(1)(c)words insertedPension Schemes Act 2026 Sch. para. 10(a)
s. 80(1)(c)word omittedPension Schemes Act 2026 Sch. para. 10(b)
s. 80(1)(c)s. 80(1)(c)(i)-(vi) become unnumbered paras.Pension Schemes Act 2026 Sch. para. 10(c)
s. 80(1)(c)words insertedPension Schemes Act 2026 Sch. para. 10(d)
s. 126(1B)insertedPension Schemes Act 2026 Sch. para. 15
s. 127(4A)(4B)insertedPension Schemes Act 2026 Sch. para. 16
s. 318(1)modifiedPension Schemes Act 2026 s. 97(3)
s. 318(1)words insertedPension Schemes Act 2026 Sch. para. 20(1)
Sch. 2 Pt. 5 headingsubstitutedPension Schemes Act 2026 Sch. para. 21(2)
s. 184-186modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 11
s. 182-186modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 10
s. 182-186modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 13
s. 182-186modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 14
s. 182-186modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 15
s. 182-186modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 16
s. 182-186modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 17
s. 182-186modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 18
s. 182-186modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 19
s. 182-186modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 20
s. 182(1)modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 11
s. 182(2)modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 11
s. 182(3)modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 11
s. 182(5)modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 11
s. 182(6)modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 11
s. 182(7)modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 11
s. 182(8)modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 11
s. 182(9)modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 11
s. 182(10)modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 11
s. 182(11)modifiedOccupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) 2005 reg. 11

An Act to make provision relating to pensions and financial planning for retirement and provision relating to entitlement to bereavement payments, and for connected purposes.

[18th November 2004]

Be 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:—C1C2C3C4C5C6C7

Annotations to the whole text

Modifications

C1

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

C2

Act: power to modify conferred (26.11.2008) by Pensions Act 2008 (c. 30), s. 146(2)(e)

C3

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.

C4

Act applied (with modifications) (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))

C5

Act: power to modify conferred (11.9.2014) by Pensions Act 2014 (c. 19), ss. 45(1), 56(1); S.I. 2014/2377, art. 2(1)(a)(i)(2)(g)

C6

Act applied (with modifications) (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)

C7

Act modified (1.8.2022) by The Occupational Pension Schemes (Collective Money Purchase Schemes) (Modifications and Consequential and Miscellaneous Amendments) Regulations 2022 (S.I. 2022/337), regs. 1(3), 14

Contents

  1. Part 1: The Pensions Regulator
  2. Establishment
  3. 1The Pensions Regulator
  4. 2Membership of the Regulator
  5. 3Further provision about the Regulator
  6. General provisions about functions
  7. 4Regulator’s functions
  8. Non-executive functions
  9. 8Non-executive functions
  10. The Determinations Panel
  11. 9The Determinations Panel
  12. Annual report
  13. 11Annual reports to Secretary of State
  14. 12Provision of information, education and assistance
  15. 14Third party notices
  16. 14AAppointment of skilled person to assist public service pension scheme
  17. 15Injunctions and interdicts
  18. 16Restitution
  19. 20Pension liberation: restraining orders
  20. 22Powers to wind up occupational pension schemes
  21. 25Period of effect etc of freezing order
  22. 26Validation of action in contravention of freezing order
  23. 27Effect of determination to wind up scheme on freezing order
  24. 28Effect of winding up order on freezing order
  25. 29Effect of assessment period under Part 2 on freezing order
  26. 31Notification of trustees, managers, employers and members
  27. 32Sections 23 to 31: supplementary
  28. 33Prohibition orders
  29. 35Appointments of trustees by the Regulator
  30. 37Disqualification
  31. 38CSection 38 contribution notice: meaning of “employer insolvency test”
  32. 38DSection 38 contribution notice issued by reference to employer insolvency test: defence
  33. 38ESection 38 contribution notice: meaning of “employer resources test”
  34. 38FSection 38 contribution notice issued by reference to employer resources test: defence
  35. 39BSection 39A: supplemental
  36. 40Content and effect of a section 38 contribution notice
  37. 41Section 38 contribution notice: relationship with employer debt
  38. 42Section 38 contribution notice: clearance statements
  39. 42AOffence of failing to comply with a section 38 contribution notice
  40. 42BFinancial penalty for failure to comply with a section 38 contribution notice
  41. 43AFinancial support directions: transfer of members of the scheme
  42. 43BSection 43A: supplemental
  43. 46Financial support directions: clearance statements
  44. 47Contribution notices where non-compliance with financial support direction
  45. 48The sum specified in a section 47 contribution notice
  46. 49Content and effect of a section 47 contribution notice
  47. 50Section 47 contribution notice: relationship with employer debt
  48. 54Content and effect of a restoration order
  49. 55Contribution notice where failure to comply with restoration order
  50. Sanctions for avoidance of employer debt etc
  51. 58AOffence of avoidance of employer debt
  52. 58BOffence of conduct risking accrued scheme benefits
  53. 58CFinancial penalty for avoidance of employer debt
  54. 58DFinancial penalty for conduct risking accrued scheme benefits
  55. Register of schemes
  56. 59Register of occupational and personal pension schemes
  57. 67Accessibility of register of prohibited trustees
  58. 68Information relevant to the Board
  59. 69ADuty to give notices and statements to the Regulator in respect of certain events
  60. Reporting late payment of employer contributions
  61. 70ADuty to report late payment of employer contributions
  62. 72AInterviews
  63. 77Penalties relating to sections 72 to 75
  64. 77AFixed penalty notices
  65. 77BEscalating penalty notices
  66. 78Warrants
  67. 79Sections 72 to 78: interpretation
  68. 80AFinancial penalty for providing false or misleading information to Regulator
  69. 80BFinancial penalty for providing false or misleading information to trustees or managers
  70. 81Use of information
  71. 83Information supplied to the Regulator by corresponding overseas authorities
  72. 85Disclosure for facilitating exercise of functions by the Board
  73. 86Disclosure for facilitating exercise of functions by other supervisory authorities
  74. Financial penalties
  75. 88AFinancial penalties
  76. 88BFinancial penalties: time for recovery
  77. 88CFinancial penalties: recovery
  78. 89AReports about misappropriation etc in public service pension schemes
  79. 90ACodes of practice: public service pension schemes
  80. 94Publication of procedure in relation to regulatory functions
  81. 95Application of standard and special procedure
  82. 98Special procedure
  83. 100Duty to have regard to the interests of members etc
  84. 101Powers to vary or revoke orders, notices or directions etc
  85. References to a tribunal
  86. 102The Pensions Regulator Tribunal Repealed
  87. 106Legal assistance scheme
  88. Part 2: The Board of the Pension Protection Fund
  89. Chapter 1: The Board
  90. Establishment
  91. 107The Board of the Pension Protection Fund
  92. 108Membership of the Board
  93. 109Further provision about the Board
  94. General provision about functions
  95. 110Board’s functions
  96. 111Supplementary powers
  97. Non-executive functions
  98. 112Non-executive functions
  99. Financial matters
  100. 113Investment of funds
  101. 114Investment principles
  102. 115Borrowing
  103. 115ALoans made by the Secretary of State
  104. 118Fees Not yet in force
  105. Annual reports
  106. 119Annual reports to Secretary of State
  107. Status of scheme
  108. Board’s duties
  109. Chapter 3: Pension protection
  110. 131Protected liabilities
  111. 149Circumstances in which Board ceases to be involved with an eligible scheme
  112. 153Closed schemes
  113. 155Treatment of closed schemes
  114. 156Valuations of closed schemes
  115. 157Applications and notifications where closed schemes have insufficient assets
  116. 159Closed schemes: further assessment periods
  117. Assumption of responsibility for a scheme
  118. 161Effect of Board assuming responsibility for a scheme
  119. Charges in respect of pension sharing etc
  120. 168ACharges in respect of pension sharing etc
  121. 171Equal treatment
  122. The fund
  123. 173Pension Protection Fund
  124. 178The levy ceiling
  125. 181APension protection levy: interest for late payment
  126. Chapter 4: Fraud compensation
  127. The fund
  128. 188Fraud Compensation Fund
  129. 191Notices requiring provision of information
  130. 192Entry of premises
  131. 194Warrants
  132. Provision of false or misleading information
  133. 195Offence of providing false or misleading information to the Board
  134. Use of information
  135. 196Use of information
  136. Disclosure of information
  137. 197Restricted information
  138. 198Disclosure for facilitating exercise of functions by the Board
  139. 199Disclosure for facilitating exercise of functions by the Regulator
  140. 200Disclosure for facilitating exercise of functions by other supervisory authorities
  141. 202Tax information
  142. Provision of information to members of schemes etc
  143. Interpretation
  144. 204Sections 190 to 203: interpretation
  145. Reports
  146. 205Publishing reports etc
  147. Chapter 6: Reviews, appeals and maladministration
  148. The PPF Ombudsman
  149. 209The Ombudsman for the Board of the Pension Protection Fund
  150. 210Deputy PPF Ombudsmen
  151. 211Status etc of the PPF Ombudsman and deputies
  152. 212Annual reports to Secretary of State
  153. 212AAccounts and audit
  154. 213Reference of reviewable matter to the PPF Ombudsman
  155. 214Investigation by PPF Ombudsman of complaints of maladministration
  156. 215Referral of questions of law
  157. 216Publishing reports etc
  158. Chapter 7: Miscellaneous
  159. 219Backdating the winding up of eligible schemes
  160. Pension sharing
  161. 220Pension sharing
  162. Introductory
  163. 221AFunding and investment strategy
  164. 221BStatement of strategy
  165. 223Statement of funding principles
  166. 225Certification of technical provisions
  167. 227Schedule of contributions
  168. 228Failure to make payments
  169. 231ARequirements for winding up procedure
  170. 232Power to modify provisions of this Part
  171. 233Construction as one with the Pensions Act 1995
  172. Part 4: Financial planning for retirement
  173. Retirement planning
  174. 234Promoting and facilitating financial planning for retirement
  175. 235Supply of information for purposes of section 234
  176. 236Use and supply of information: private pensions policy and retirement planning
  177. 238Information and advice to employees Not yet in force
  178. Pensions dashboards
  179. 238AQualifying pensions dashboard service
  180. 238BQualifying pension dashboard service: further provision
  181. 238CSections 238A and 238B: interpretation
  182. 238DInformation from occupational pension schemes
  183. 238EInformation from occupational pension schemes: further provision
  184. 238FSections 238D and 238E: interpretation
  185. 238GCompliance
  186. Part 5: Occupational and personal pension schemes: miscellaneous provisions
  187. 240Meaning of “employer” in Part 1 of the Pensions Act 1995 Not yet in force
  188. 244Investment principles
  189. 245Power to make regulations governing investment by trustees
  190. 246Borrowing by trustees
  191. 247Requirement for knowledge and understanding: individual trustees
  192. 248ARequirement for knowledge and understanding: pension boards of public service pension schemes
  193. 249Requirement for knowledge and understanding: supplementary
  194. 249BRequirement for internal controls: public service pension schemes
  195. 250Payment of surplus to employer
  196. 259Consultation by employers: occupational pension schemes
  197. 260Consultation by employers: personal pension schemes
  198. 261Further provisions about regulations relating to consultation
  199. 262Modification of subsisting rights
  200. 263Increase in age at which short service benefit must be payable
  201. 264Early leavers: cash transfer sums and contribution refunds
  202. 265Paternity leave and adoption leave
  203. 266Inalienability of occupational pension
  204. 267Voluntary contributions
  205. 268Payments made by employers to personal pension schemes
  206. The Pensions Ombudsman
  207. 274The Pensions Ombudsman and Deputy Pensions Ombudsmen
  208. Pension compensation
  209. 277Amendments relating to the Pensions Compensation Board
  210. 278Annual increase in rate of certain occupational pensions
  211. 279Annual increase in rate of certain personal pensions
  212. 280Power to increase pensions giving effect to pension credits etc
  213. 281Exemption from statutory revaluation requirement
  214. 282Meaning of “working life” in Pension Schemes Act 1993
  215. 283Power to prescribe conditions by reference to Inland Revenue approval
  216. Part 6: Financial assistance scheme for members of certain pension schemes
  217. 286Financial assistance scheme for members of certain pension schemes
  218. 286ARestriction on purchase of annuities
  219. 288General authorisation to accept contributions from European employers Repealed
  220. 292Power of Regulator to require ring-fencing of assets Repealed
  221. European occupational pension scheme receiving contributions from UK employer Repealed
  222. Assistance for other European regulators Repealed
  223. Interpretation Repealed
  224. Part 8: State pensions
  225. 296Persons entitled to more than one Category B retirement pension
  226. 297Deferral of retirement pensions and shared additional pensions
  227. Miscellaneous
  228. 299Claims for certain benefits following termination of reciprocal agreement with Australia
  229. Part 9: Miscellaneous and supplementary
  230. Dissolution of existing bodies
  231. 300Dissolution of OPRA
  232. 301Transfer of employees from OPRA to the Regulator
  233. 302Dissolution of the Pensions Compensation Board
  234. Service of notifications etc and electronic working
  235. 303Service of notifications and other documents
  236. 304Notification and documents in electronic form
  237. 305Timing and location of things done electronically
  238. General
  239. 306Overriding requirements
  240. 307Modification of this Act in relation to certain categories of schemes
  241. 308Modification of pensions legislation that refers to employers Not yet in force
  242. 309Offences by bodies corporate and partnerships
  243. 310Admissibility of statements
  244. 313Crown application
  245. Regulations and orders
  246. 315Subordinate legislation (general provisions)
  247. 316Parliamentary control of subordinate legislation
  248. Interpretation
  249. 318General interpretation
  250. Miscellaneous and supplementary
  251. 319Minor and consequential amendments
  252. 321Pre-consolidation amendments
  253. 322Commencement
  254. 323Extent
  255. 324Northern Ireland
  256. 325Short title
  257. Schedule 1: The Pensions Regulator
  258. Part 1: Members of the Regulator
  259. Terms of appointment and tenure of members
  260. 1Paragraph 1
  261. 2Paragraph 2
  262. 3Paragraph 3
  263. Remuneration etc of members
  264. 4Paragraph 4
  265. 5Paragraph 5
  266. 6Paragraph 6
  267. Part 2: Staff of the Regulator
  268. The staff
  269. 7Paragraph 7
  270. The Chief Executive
  271. 8Paragraph 8
  272. Other employees
  273. 9Paragraph 9
  274. Additional staff etc
  275. 10Paragraph 10
  276. Part 3: Members of the Determinations Panel
  277. Nomination of the chairman of the Panel
  278. 11Paragraph 11
  279. Terms of appointment and tenure of members of the Panel
  280. 12Paragraph 12
  281. 13Paragraph 13
  282. Remuneration etc of members of the Panel
  283. 14Paragraph 14
  284. 15Paragraph 15
  285. 16Paragraph 16
  286. Part 4: Proceedings and delegation etc
  287. Committees
  288. 17Paragraph 17
  289. Procedure
  290. 18Paragraph 18
  291. 19Paragraph 19 Not yet in force
  292. Delegation
  293. 20Paragraph 20
  294. 21Paragraph 21
  295. Application of seal and proof of instruments
  296. 22Paragraph 22
  297. 23Paragraph 23
  298. Part 5: Funding and accounts
  299. Funding
  300. 24Paragraph 24
  301. 25Paragraph 25
  302. Accounts
  303. 27Paragraph 27
  304. Other expenses
  305. 28Paragraph 28 Repealed
  306. Part 6: Status and liability etc
  307. Status
  308. 29Paragraph 29
  309. Validity
  310. 30Paragraph 30
  311. Disqualification
  312. 31Paragraph 31
  313. 32Paragraph 32
  314. The Parliamentary Commissioner for Administration
  315. 33Paragraph 33
  316. The Superannuation Act 1972
  317. 34Paragraph 34
  318. Exemption from liability in damages
  319. 35Paragraph 35
  320. 1Paragraph 1
  321. 2Paragraph 2
  322. 3Paragraph 3
  323. 3AParagraph 3A
  324. 4Paragraph 4
  325. 5Paragraph 5
  326. 5AParagraph 5A
  327. 6Paragraph 6
  328. 7Paragraph 7
  329. 8Paragraph 8
  330. 10Paragraph 10
  331. 11Paragraph 11
  332. 12Paragraph 12
  333. 13Paragraph 13
  334. 13AParagraph 13A
  335. 14Paragraph 14
  336. 15Paragraph 15
  337. 15AParagraph 15A
  338. 15BParagraph 15B
  339. 16Paragraph 16
  340. 17Paragraph 17
  341. 18Paragraph 18
  342. 19Paragraph 19
  343. Part 3: Functions under the Welfare Reform and Pensions Act 1999 (c. 30)
  344. 20Paragraph 20
  345. 21Paragraph 21
  346. 22Paragraph 22
  347. 23Paragraph 23
  348. 24Paragraph 24
  349. 25Paragraph 25
  350. 26Paragraph 26
  351. 27Paragraph 27
  352. 28Paragraph 28
  353. 29Paragraph 29
  354. 30Paragraph 30
  355. 30AParagraph 30A
  356. 31Paragraph 31
  357. 32Paragraph 32
  358. 33Paragraph 33
  359. 33AParagraph 33A
  360. 34Paragraph 34
  361. 35Paragraph 35
  362. 36Paragraph 36
  363. 37Paragraph 37
  364. 38Paragraph 38
  365. 39Paragraph 39
  366. 40Paragraph 40
  367. 41Paragraph 41
  368. 41AParagraph 41A
  369. 42Paragraph 42
  370. 43Paragraph 43
  371. Part 4A: Functions under the Pension Schemes Act 2017
  372. 44AParagraph 44A
  373. 44BParagraph 44B
  374. 44CParagraph 44C
  375. 44DParagraph 44D
  376. 44EParagraph 44E
  377. 44FParagraph 44F
  378. 44GParagraph 44G
  379. Part 4B: Functions under Part 1 of the Pension Schemes Act 2021
  380. 44HParagraph 44H
  381. 44IParagraph 44I
  382. 44JParagraph 44J
  383. 44KParagraph 44K
  384. 44LParagraph 44L
  385. 44MParagraph 44M
  386. 44NParagraph 44N
  387. 44OParagraph 44O
  388. Part 5: OTHER FUNCTIONS
  389. 45Paragraph 45
  390. Schedule 4: The Pensions Regulator Tribunal Repealed
  391. Part 1: The Tribunal Repealed
  392. The Panels Repealed
  393. 1Paragraph 1 Repealed
  394. The President Repealed
  395. 2Paragraph 2 Repealed
  396. Terms of office etc Repealed
  397. 3Paragraph 3 Repealed
  398. Remuneration and allowances Repealed
  399. 4Paragraph 4 Repealed
  400. Staff Repealed
  401. 5Paragraph 5 Repealed
  402. Expenses Repealed
  403. 6Paragraph 6 Repealed
  404. Part 2: Constitution of the Tribunal Repealed
  405. 7Paragraph 7 Repealed
  406. Part 3: Tribunal Procedure Repealed
  407. General Repealed
  408. 8Paragraph 8 Repealed
  409. 9Paragraph 9 Repealed
  410. Practice directions Repealed
  411. 10Paragraph 10 Repealed
  412. Evidence Repealed
  413. 11Paragraph 11 Repealed
  414. Decisions of the Tribunal Repealed
  415. 12Paragraph 12 Repealed
  416. Costs Repealed
  417. 13Paragraph 13 Repealed
  418. Part 4: Status etc Repealed
  419. Disqualification Repealed
  420. 14Paragraph 14 Repealed
  421. 15Paragraph 15 Repealed
  422. The Parliamentary Commissioner for Administration Repealed
  423. 16Paragraph 16 Repealed
  424. Judicial Pensions and Retirement Act 1993 Repealed
  425. 17Paragraph 17 Repealed
  426. Disclosure of information Repealed
  427. 18Paragraph 18 Repealed
  428. 19Paragraph 19 Repealed
  429. 20Paragraph 20 Repealed
  430. 21Paragraph 21 Repealed
  431. Delegation Repealed
  432. 22Paragraph 22 Repealed
  433. Schedule 5: The Board of the Pension Protection Fund
  434. Part 1: Members of the Board
  435. Appointment of chairman
  436. 1Paragraph 1
  437. Appointment of ordinary members
  438. 2Paragraph 2
  439. Terms of appointment
  440. 3Paragraph 3
  441. Tenure of members
  442. 4Paragraph 4
  443. 5Paragraph 5
  444. 6Paragraph 6
  445. Remuneration etc of members
  446. 7Paragraph 7
  447. 8Paragraph 8
  448. 9Paragraph 9
  449. Interpretation of Part 1
  450. 10Paragraph 10
  451. Part 2: Staff of the Board
  452. The staff
  453. 11Paragraph 11
  454. The Chief Executive
  455. 12Paragraph 12
  456. Other employees
  457. 13Paragraph 13
  458. Additional staff etc
  459. 14Paragraph 14
  460. Part 3: Proceedings and delegation etc
  461. Committees
  462. 15Paragraph 15
  463. Procedure
  464. 16Paragraph 16
  465. Delegation
  466. 17Paragraph 17
  467. 19Paragraph 19
  468. Application of seal and proof of instruments
  469. 20Paragraph 20
  470. 21Paragraph 21
  471. Part 4: Accounts
  472. Accounts
  473. 22Paragraph 22
  474. Other expenses
  475. 23Paragraph 23
  476. Part 5: Status and liability etc
  477. Status
  478. 24Paragraph 24
  479. Validity
  480. 25Paragraph 25
  481. Disqualification
  482. 26Paragraph 26
  483. 27Paragraph 27
  484. The Superannuation Act 1972
  485. 28Paragraph 28
  486. Exemption from liability in damages
  487. 29Paragraph 29
  488. Schedule 6: Transfer of property, rights and liabilities to the Board
  489. 1Paragraph 1
  490. 2Paragraph 2
  491. 3Paragraph 3
  492. 4Paragraph 4
  493. 5Paragraph 5
  494. 6Paragraph 6
  495. Introductory
  496. Active members over normal pension age at assessment date
  497. 21AParagraph 21A
  498. Survivors who do not meet conditions for scheme benefits at assessment date
  499. Calculation of compensation on and after 1 January 2024
  500. 22AParagraph 22A
  501. Compensation in form of dependants' benefits
  502. Effect of discharge of liability during or immediately before assessment period
  503. 23AParagraph 23A
  504. Early payment of compensation
  505. Annual increase in periodic compensation
  506. Board’s powers to alter rates of revaluation and indexation
  507. Secretary of State’s powers to vary percentage paid as compensation
  508. Special provision in relation to certain pensions in payment before the assessment date
  509. Accrual rate, pensionable service and pensionable earnings
  510. 1Paragraph 1
  511. 2Paragraph 2
  512. 3Paragraph 3
  513. 3AParagraph 3A
  514. 3BParagraph 3B
  515. 4Paragraph 4
  516. 5Paragraph 5
  517. 6Paragraph 6
  518. 7Paragraph 7
  519. 7AParagraph 7A
  520. 7BParagraph 7B
  521. 7CParagraph 7C
  522. 7DParagraph 7D
  523. 9Paragraph 9
  524. 10Paragraph 10
  525. 11Paragraph 11
  526. 12Paragraph 12
  527. 13Paragraph 13
  528. 14Paragraph 14
  529. 14AParagraph 14A
  530. 14BParagraph 14B
  531. 14CParagraph 14C
  532. 15Paragraph 15
  533. 16Paragraph 16
  534. 16AParagraph 16A
  535. 16BParagraph 16B
  536. 16CParagraph 16C
  537. 16DParagraph 16D
  538. 16EParagraph 16E
  539. 16FParagraph 16F
  540. 16GParagraph 16G
  541. 16HParagraph 16H
  542. 16IParagraph 16I
  543. 17Paragraph 17
  544. 17AParagraph 17A
  545. 17BParagraph 17B
  546. 18Paragraph 18
  547. 19Paragraph 19
  548. 19AParagraph 19A
  549. 19BParagraph 19B
  550. 20Paragraph 20
  551. 21Paragraph 21
  552. 22Paragraph 22
  553. 23Paragraph 23
  554. 24Paragraph 24
  555. 25Paragraph 25
  556. 26Paragraph 26
  557. 27Paragraph 27
  558. 28Paragraph 28
  559. 29Paragraph 29
  560. 30Paragraph 30
  561. Schedule 10: Use and supply of information: private pensions policy and retirement planning
  562. 1Paragraph 1
  563. Supply of information held by tax authorities
  564. 2Paragraph 2
  565. 4Paragraph 4
  566. Part 1: Principal amendments of Social Security Contributions and Benefits Act 1992 (c. 4)
  567. 1Paragraph 1
  568. 2Paragraph 2
  569. 3Paragraph 3
  570. 4Paragraph 4
  571. 5Paragraph 5
  572. 6Paragraph 6
  573. 7Paragraph 7
  574. 8Paragraph 8
  575. 9Paragraph 9
  576. 10Paragraph 10
  577. 11Paragraph 11
  578. 12Paragraph 12
  579. 13Paragraph 13
  580. 15Paragraph 15
  581. Part 2: Consequential amendments
  582. Social Security Contributions and Benefits Act 1992 (c. 4)
  583. 16Paragraph 16
  584. 17Paragraph 17
  585. 18Paragraph 18
  586. 19Paragraph 19
  587. Social Security Administration Act 1992 (c. 5)
  588. 20Paragraph 20
  589. 21Paragraph 21
  590. 22Paragraph 22
  591. Welfare Reform and Pensions Act 1999 (c. 30)
  592. 23Paragraph 23
  593. 24Paragraph 24
  594. 25Paragraph 25
  595. Part 3: Transitional provisions
  596. Transitional provision
  597. 27Paragraph 27
  598. Public Records Act 1958 (c. 51)
  599. 1Paragraph 1
  600. Superannuation Act 1972 (c. 11)
  601. 2Paragraph 2
  602. Matrimonial Causes Act 1973 (c. 18)
  603. 3Paragraph 3
  604. Matrimonial and Family Proceedings Act 1984 (c. 42)
  605. 4Paragraph 4
  606. Companies Act 1985 (c. 6)
  607. 5Paragraph 5
  608. Companies Act 1989 (c. 40)
  609. 6Paragraph 6
  610. Social Security Administration Act 1992 (c. 5)
  611. 7Paragraph 7
  612. Tribunals and Inquiries Act 1992 (c. 53)
  613. 8Paragraph 8
  614. Pension Schemes Act 1993 (c. 48)
  615. 9Paragraph 9
  616. 10Paragraph 10
  617. 11Paragraph 11
  618. 12Paragraph 12
  619. 13Paragraph 13
  620. 14Paragraph 14
  621. 15Paragraph 15
  622. 16Paragraph 16
  623. 17Paragraph 17
  624. 18Paragraph 18
  625. 19Paragraph 19
  626. 20Paragraph 20
  627. 21Paragraph 21
  628. 22Paragraph 22
  629. 23Paragraph 23 Not yet in force
  630. 26Paragraph 26
  631. 27Paragraph 27
  632. 29Paragraph 29
  633. 30Paragraph 30
  634. 31Paragraph 31
  635. 32Paragraph 32
  636. 33Paragraph 33
  637. Pensions Act 1995 (c. 26)
  638. 34Paragraph 34
  639. 35Paragraph 35
  640. 36Paragraph 36
  641. 37Paragraph 37
  642. 38Paragraph 38
  643. 39Paragraph 39
  644. 40Paragraph 40
  645. 41Paragraph 41
  646. 42Paragraph 42
  647. 43Paragraph 43
  648. 44Paragraph 44
  649. 45Paragraph 45
  650. 46Paragraph 46
  651. 47Paragraph 47
  652. 48Paragraph 48
  653. 49Paragraph 49
  654. 50Paragraph 50
  655. 51Paragraph 51
  656. 52Paragraph 52
  657. 53Paragraph 53
  658. 54Paragraph 54
  659. 55Paragraph 55
  660. 56Paragraph 56
  661. 57Paragraph 57
  662. 58Paragraph 58
  663. 59Paragraph 59
  664. 60Paragraph 60
  665. 61Paragraph 61 Not yet in force
  666. 64Paragraph 64
  667. 65Paragraph 65
  668. 66Paragraph 66
  669. 67Paragraph 67
  670. 68Paragraph 68
  671. 69Paragraph 69
  672. Bank of England Act 1998 (c. 11)
  673. 70Paragraph 70
  674. Welfare Reform and Pensions Act 1999 (c. 30)
  675. 71Paragraph 71
  676. 72Paragraph 72 Not yet in force
  677. 73Paragraph 73
  678. 74Paragraph 74
  679. 75Paragraph 75
  680. 77Paragraph 77
  681. Terrorism Act 2000 (c. 11)
  682. 78Paragraph 78
  683. Freedom of Information Act 2000 (c. 36)
  684. 79Paragraph 79
  685. Proceeds of Crime Act 2002 (c. 29)
  686. 80Paragraph 80
  687. Paragraph Not yet in force
  688. 2Revocations Not yet in force