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The Pensions Act 2004 (Commencement No. 14) Order 2010

S.I. 2010/443 · Made 24 February 2010

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Pensions

Made 24th February 2010

The Secretary of State for Work and Pensions makes the following Order in exercise of the powers conferred by sections 315(2) and 322(1) of the Pensions Act 2004f1.

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. 14) Order 2010.

(2)

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

2Appointed days

(1)

The day appointed for the coming into force of section 173(1)(j) (Pension Protection Fund – amounts transferred from the Fraud Compensation Fund) of the Act is 6th April 2010.

(2)

The day appointed for the coming into force of section 187 (Board’s powers to make fraud compensation transfer payments) of the Act is—

(a)

for the purpose only of conferring power to make regulations, 25 February 2010; and

(b)

for all other purposes, 6th April 2010.

(3)

The day appointed for the coming into force of section 188(3)(d) (Fraud Compensation Fund – amounts required to be transferred to the Pension Protection Fund) of the Act is 6th April 2010.

(4)

The day appointed for the coming into force of paragraphs 27 and 28 of Schedule 9 (reviewable matters) to the Act is 6th April 2010.

Signature

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

Angela Eagle

Minister of State,

Department for Work and Pensions

24th February 2010

Explanatory note

(This note is not part of the Order)

This Order brings into force provisions in the Pensions Act 2004 (c.35) (“the Act”) on [25 February 2010] for the purpose of conferring power to make regulations, and 6th April 2010 for all other purposes. The provisions brought into force concern the operation of the Fraud Compensation Fund, a statutory fund established by section 188 of the Act. The provisions deal, in particular, with the making of transfer payments from that fund into the Pension Protection Fund, a separate statutory fund established by section 173 of the Act.

A full impact assessment has not been prepared for this Order as no impact on the private, public or voluntary sectors is foreseen.