The Pensions Act 2008 (Abolition of Safeguarded Rights) (Consequential) Order 2009

The Personal Pension Schemes (Disclosure of Information) Regulations 1987^f1 are amended in accordance with this article.

In regulation 1(2) (interpretation), omit the definition of “safeguarded rights”.

In regulation 5 (information to be made available to individuals)—

In Schedule 1 (basic information about the scheme) in paragraphs 12 and 13, omit “or safeguarded rights”.

In Schedule 2 (information to be made available to individuals) in paragraphs 4 and 11, omit “or safeguarded rights”.

The Occupational Pension Schemes (Contracting-out) Regulations 1996^f1 are amended in accordance with this article.

In regulation 1(2) (interpretation)^f2, omit the definition of “safeguarded rights”.

In regulation 23(d) (requirements for meeting the statutory standard)^f3, omit sub-paragraph (ii) and the word “or” immediately preceding it.

In regulation 39 (circumstances in which schemes may change mode of contracting-out)^f4—

In regulation 63(2)(aa) (provision of information about guaranteed minimum pensions)^f5, for “, protected rights or safeguarded rights” substitute “or protected rights”.

In regulation 73(b) (transitional arrangements and savings for salary-related schemes which have begun winding up before the principal appointed day)^f6, omit “and any liabilities in respect of safeguarded rights under section 68A of that Act”.

In regulation 76A (transitional arrangements for schemes contracted-out under section 9(2) of the 1993 Act to become contracted-out under section 9(3) of that Act)^f7, for paragraph (3) substitute—

“(3)

Where this regulation applies, sections 50, 52 and 53 of that Act (approval of arrangements for, and supervision of, schemes which cease to be contracted-out) as they apply in relation to the guaranteed minimum pensions provided under the scheme shall be modified so as to have effect as if those pensions were provided under a separate scheme which had ceased to be certified as a contracted-out scheme immediately before the principal appointed day.”.

The Occupational Pension Schemes (Disclosure of Information) Regulations 1996^f1 are amended in accordance with this article.

In Schedule 2 (information to be made available to individuals)—

The Occupational Pension Schemes (Mixed Benefit Contracted-out Schemes) Regulations 1996^f1 are amended in accordance with this article.

In regulation 4 (transfer of guaranteed minimum pensions, section 9(2B) rights and protected rights between parts of a relevant scheme)—

The Personal Pension Schemes (Appropriate Schemes) Regulations 1997^f1 are amended in accordance with this article.

In regulation 8 (applications for the variation of, and to surrender, appropriate scheme certificates)—

The Pension Sharing (Implementation and Discharge of Liability) Regulations 2000^f1 are amended in accordance with this article.

In regulation 1(2) (interpretation), omit the definition of “safeguarded rights”.

Omit regulation 13 (disqualification as a destination for pension credit – contracted-out or safeguarded rights)^f2.

The Pension Sharing (Pension Credit Benefit) Regulations 2000^f1 are amended in accordance with this article.

In regulation 1(2) (interpretation), omit the definition of “safeguarded rights”.

In regulation 10 (transfer of a person’s pension credit rights without consent)^f2, omit paragraph (9).

Omit—

In regulation 20 (requirements to be met by annuities), for “Subject to regulation 19, the prescribed” substitute “The prescribed”.

In regulation 21 (requirements of other pension arrangements)—

In regulation 22 (requirements to be met by an eligible scheme)^f4, omit sub-paragraph (a) of paragraph (1).

In regulation 35 (definition of eligible pension credit rights)^f5, omit paragraph (2)(b) and the word “or” immediately preceding it.

The Occupational and Personal Pension Schemes (Pension Liberation) Regulations 2005^f1 are amended in accordance with this article.

In regulation 2(3) (modification of references to “transfer” in the 1993 Act)—

The Occupational Pension Schemes (Cross-border Activities) Regulations 2005^f1 are amended in accordance with this article.

In Schedule 2 (modifications of pensions legislation, and relevant legal requirements for the purposes of section 293) in paragraph 5 in Table 4, omit row 10^f2.

The Employment Equality (Age) Regulations 2006^f1 are amended in accordance with this article.

In Schedule 2 (pension schemes) in paragraph 1(5) (interpretation) in the definition of “contracted-out rights”^f2, omit “but not safeguarded rights (within the meaning of section 68A of the Pension Schemes Act 1993)”.