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The Pensions Act 2008 (Commencement No. 6) Order 2010

S.I. 2010/467 · Made 23 February 2010

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Pensions

Made 23rd February 2010

The Secretary of State for Work and Pensions makes the following Order in exercise of the powers conferred by sections 144(4) and 149(1) of the Pensions Act 2008f1.

Annotations to the whole text

Footnotes

f1

2008 c.30.

Contents

  1. 1Citation
  2. 2Commencement of provisions
  3. Signature
  4. Explanatory note

1Citation

This Order may be cited as the Pensions Act 2008 (Commencement No. 6) Order 2010.

2Commencement of provisions

The following provisions of the Pensions Act 2008 come into force on 26th February 2010—

(a)

section 129 (interest on late payment of levies) in so far as it relates to paragraphs 4 and 5 of Schedule 10, and

(b)

paragraphs 4 and 5 of Schedule 10 (interest on late payment of levies) and paragraph 2 of that Schedule in so far as it relates to paragraphs 4 and 5.

Signature

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

Angela Eagle

Minister of State,

Department for Work and Pensions

23rd February 2010

Explanatory note

(This note is not part of the Order)

This Order brings into force paragraphs 4 and 5 of Schedule 10 to the Pensions Act 2008 (c.30) (and paragraph 2 and section 129 as far as necessary to bring into force those paragraphs). Those paragraphs insert section 181A into the Pensions Act 2004 (c.35). Section 181A enables a Statutory Instrument to be made which provides for interest to be charged in the case of late payment of a pension protection levy. That levy is payable by certain defined benefit pension schemes to the Board of the Pension Protection Fund.

A full Impact Assessment has not been produced for this Order as it has no impact on the private or voluntary sectors.