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Section 176 Supplementary provisions about pension protection leviesC2C3C1I1

England, Wales and Scotland

(1)

The Board must consult such persons as it considers appropriate in the prescribed manner before making a determination under section 175(5) in respect of a financial year if—

(a)

F1no pension protection levies were imposed in the previous financial year, or

(b)

any of the proposed levy factors or levy rates is different, or applies to a different description of scheme, from the levy factors and levy rates in respect of F2any pension protection levies imposed in the previous financial year, F3...

(c)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)

F4The Board must publish in the prescribed manner details of—

(a)

any decision to impose, or not to impose, the levies for a financial year in respect of a description of scheme;

(b)

any determination under section 175(5).

Annotations

Textual amendments

F1

S. 176(1)(a) substituted (29.6.2026) by Pension Schemes Act 2026 (c. 22), ss. 123(6)(a)(i), 133(11)(b); S.I. 2026/669, reg. 2

F2

Words in s. 176(1)(b) substituted (29.6.2026) by Pension Schemes Act 2026 (c. 22), ss. 123(6)(a)(ii), 133(11)(b); S.I. 2026/669, reg. 2

F3

S. 176(1)(c) and word omitted (29.6.2026) by virtue of Pension Schemes Act 2026 (c. 22), ss. 123(6)(a)(iii), 133(11)(b); S.I. 2026/669, reg. 2

F4

S. 176(2) substituted (29.6.2026) by Pension Schemes Act 2026 (c. 22), ss. 123(6)(b), 133(11)(b); S.I. 2026/669, reg. 2

Modifications

C1

Ss. 175-181 modified (9.3.2005 for specified purposes, 1.4.2005 for specified purposes, 6.4.2005 for specified purposes in so far as not already in force) by The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005 (S.I. 2005/441), regs. 1, 73-75

C2

Pt. 2 modified in part (9.3.2005 for specified purposes, 1.4.2005 for specified purposes, 6.4.2005 in so far as not already in force (except ch. 4)) by The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005 (S.I. 2005/441), regs. 1, 2-60, 71, 72

C3

Pt. 2 modified (8.3.2005 for specified purposes, 6.4.2005 in so far as not already in force) by The Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations 2005 (S.I. 2005/277), regs. 1(1), 2-11

Commencement

I1

S. 176 in force for the purpose only of conferring power to make regulations (27.5.2005); and for all other purposes (20.6.2005) by S.I. 2005/1436, art. 2(4)