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The Pensions Act 2004 (Commencement No. 5) Order 2005

S.I. 2005/1436 · Made 26 May 2005

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

PENSIONS

Made 26th May 2005

The Secretary of State for Work and Pensions, in exercise of the powers conferred upon him by sections 315(2) and 322(1) of the Pensions Act 2004f1, and of all other powers enabling him in that behalf, hereby makes the following Order:

Annotations to the whole text

Footnotes

f1

2004 c. 35.

Contents

  1. 1Citation and interpretation
  2. 2Appointed days
  3. Signature
  4. Explanatory note

1Citation and interpretation

(1)

This Order may be cited as the Pensions Act 2004 (Commencement No. 5) Order 2005.

(2)

In this Order “the Act” means the Pensions Act 2004.

2Appointed days

(1)

The day appointed for the coming into force of section 168 of the Act (administration of compensation) as modified by regulations made under section 286(3)(j) of the Act (financial assistance scheme for members of certain pension schemes) is the day after the day on which the first regulations under section 286 of the Act are made.

(2)

The day appointed—

(a)

for the coming into force of section 173(1)(b) in so far as it relates to section 174 of the Act (initial levy), 173(2), 173(4) and 173(5) of the Act (Pension Protection Fund); and

(b)

section 175 of the Act (pension protection levies) in so far as it relates to a consultation by the Board under section 176 of the Act (supplementary provisions about pension protection levies),

is 20th June 2005.

(3)

The day appointed for the coming into force of section 173(3)(k) of the Act—

(a)

for the purpose only of conferring power to make regulations, is 1st June 2005; and

(b)

for all other purposes, is 30th June 2005.

(4)

The day appointed for the coming into force of section 176 of the Act—

(a)

for the purpose only of conferring power to make regulations, is 27th May 2005; and

(b)

for all other purposes, is 20th June 2005.

(5)

The day appointed for the coming into force of sections 286 and 318(5) of the Act (general interpretation) is 1st June 2005.

(6)

The day appointed for the coming into force of section 302(2) of the Act (dissolution of the Pensions Compensation Board) is 27th May 2005.

Signature

Signed by authority of the Secretary of State for Work and Pensions.

Stephen C. Timms

Minister of State,

Department for Work and Pensions

26th May 2005

Explanatory note

(This note is not part of the Order)

This Order makes further provision for the coming into force of provisions of the Pensions Act 2004 (c. 35) (“the Act”) on the following dates—

  • 27th May 2005 for the purpose only of conferring powers to make regulations relating to supplementary provisions about pension protection levies. The provision is brought fully into force on 20th June 2005;

  • 27th May 2005 for a provision relating to the dissolution of the Pensions Compensation Board;

  • 1st June 2005 for provisions relating to the financial assistance scheme;

  • 1st June 2005 for the purpose only of conferring power to make regulations relating to sums which are to be paid or transferred out of the Pension Protection Fund. The provision is brought fully into force on 30th June 2005;

  • 20th June 2005 for other provisions relating to the Pension Protection Fund and pension protection levies; and

  • the day after the day on which the first regulations are made under section 286 of the Act (financial assistance scheme) for section 168 of the Act (administration of compensation) as modified by regulations made under section 286(3)(j) of the Act.