The Financial Guidance and Claims Act 2018 (Naming and Consequential Amendments) Regulations 2019
S.I. 2019/383 · Made 26 February 2019
Financial Services
Consumer Protection
Made 26th February 2019
Laid before Parliament 4th March 2019
Coming into force 6th April 2019
The Secretary of State makes the following Regulations in exercise of the powers conferred by section 1(3) and (4) of the Financial Guidance and Claims Act 2018f1.
Annotations to the whole text
Footnotes
- f1
Contents
- 1Citation, commencement and interpretation
- 2Naming of the single financial guidance body
- 3Consequential amendments
- Signature
- Schedule: Consequential amendments
- Part 1: Primary legislation
- 1Amendment of the Public Records Act 1958
- 2Amendment of the Parliamentary Commissioner Act 1967
- 3Amendment of the House of Commons Disqualification Act 1975
- 4Amendment of the Northern Ireland Assembly Disqualification Act 1975
- 5Amendment of the Pension Schemes Act 1993
- 6Amendment of the Pension Schemes (Northern Ireland) Act 1993
- 7Amendment of the Financial Services and Markets Act 2000
- 8Amendment of the Freedom of Information Act 2000
- 9Amendment of the Equality Act 2010
- 10Amendment of the Financial Services Act 2012
- 11Amendment of the Financial Guidance and Claims Act 2018
- Part 2: Secondary legislation
- 12Amendment of the Housing (Right to Buy) (Prescribed Forms) Regulations 1986
- 13Amendment of the Personal and Occupational Pension Schemes (Pensions Ombudsman) (Procedure) Rules 1995
- 14Amendment of the Personal and Occupational Pension Schemes (Pensions Ombudsman) (Procedure) Rules (Northern Ireland) 1995
- 15Amendment of the Occupational Pension Schemes (Transfer Values) Regulations 1996
- 16Amendment of the Occupational Pension Schemes (Transfer Values) Regulations (Northern Ireland) 1996
- 17Amendment of the Government Resources and Accounts Act 2000 (Audit of Non-profit-making Companies) Order 2009
- 18Amendment of the Occupational Pension Schemes (Internal Dispute Resolution Procedures Consequential and Miscellaneous Amendments) Regulations 2008
- 19Amendment of the Occupational Pension Schemes (Internal Dispute Resolution Procedures) (Consequential and Miscellaneous Amendments) Regulations (Northern Ireland) 2008
- 20Amendment of the Local Government (Discretionary Payments) (Injury Allowances) Regulations 2011
- 21Amendment of the Local Government Pension Scheme Regulations 2013
- 22Amendment of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013
- 23Amendment of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014
- 24Amendment of the Local Government Pension Scheme Regulations (Northern Ireland) 2014
- 25Amendment of the Company, Limited Liability Partnership and Business (Names and Trading Disclosures) Regulations 2015
- 26Amendment of the National Assembly for Wales (Disqualification) Order 2015
- 27Amendment of the Payment Accounts Regulations 2015
- 28Amendment of the Local Government Pension Scheme (Scotland) Regulations 2018
- Explanatory note
1Citation, commencement and interpretation
These Regulations may be cited as the Financial Guidance and Claims Act 2018 (Naming and Consequential Amendments) Regulations 2019 and come into force on 6th April 2019.
In these Regulations “the 2018 Act” means the Financial Guidance and Claims Act 2018.
2Naming of the single financial guidance body
The single financial guidance body, established under section 1(1) of the 2018 Act, is named the Money and Pensions Service.
3Consequential amendments
The amendments set out in the Schedule have effect.
Signature
Signed by authority of the Secretary of State for Work and Pensions
Guy Opperman
Parliamentary Under Secretary of State
Department for Work and Pensions
26th February 2019
1Amendment of the Public Records Act 1958
In Schedule 1 to the Public Records Act 1958f1 (definition of public records), in Part 2 of the Table at the end of paragraph 3—
omit “The single financial guidance body.”;
at the appropriate place insert “Money and Pensions Service.”.
2Amendment of the Parliamentary Commissioner Act 1967
In Schedule 2 to the Parliamentary Commissioner Act 1967f1 (departments etc subject to investigation)—
omit “The single financial guidance body.”;
at the appropriate place insert “Money and Pensions Service.”.
3Amendment of the House of Commons Disqualification Act 1975
In Part 2 of Schedule 1 to the House of Commons Disqualification Act 1975f1 (bodies of which all members are disqualified)—
omit “The single financial guidance body.”;
at the appropriate place insert “The Money and Pensions Service.”.
4Amendment of the Northern Ireland Assembly Disqualification Act 1975
In Part 2 of Schedule 1 to the Northern Ireland Assembly Disqualification Act 1975f1 (bodies of which all members are disqualified)—
omit “The single financial guidance body.”;
at the appropriate place insert “The Money and Pensions Service.”.
5Amendment of the Pension Schemes Act 1993
In section 175(1)(e) of the Pension Schemes Act 1993f1 (power to make regulations imposing levies to meet certain expenditure) for “single financial guidance body’s” substitute “Money and Pensions Service’s”.
6Amendment of the Pension Schemes (Northern Ireland) Act 1993
In section 170(1)(e) of the Pension Schemes (Northern Ireland) Act 1993f1 (power to make regulations imposing levies to meet certain expenditure) for “single financial guidance body’s” substitute “Money and Pensions Service’s”.
7Amendment of the Financial Services and Markets Act 2000
In the Financial Services and Markets Act 2000f1—
in section 3R(4)(a)f2 (arrangements for provision of services) for “single financial guidance body” substitute “Money and Pensions Service”;
in section 137FCf3 (FCA rules: disclosure of information about the availability of financial guidance)—
in subsection (3)(c) for “single financial guidance body” substitute “Money and Pensions Service”,
in subsection (4) for “single financial guidance body’s” substitute “Money and Pensions Service’s”;
in section 137SAf4 (rules to recover expenses relating to the single financial guidance body) in the heading, and in subsection (1)(a) and (b) for “single financial guidance body” substitute “Money and Pensions Service”;
in Schedule 1ZAf5 (the Financial Conduct Authority) in paragraph 8(3A) for “single financial guidance body” substitute “Money and Pensions Service”.
8Amendment of the Freedom of Information Act 2000
In Part 6 of Schedule 1 to the Freedom of Information Act 2000f1 (public authorities: general)—
omit “The single financial guidance body.”;
at the appropriate place insert “The Money and Pensions Service.”.
9Amendment of the Equality Act 2010
In Part 1 of Schedule 19 to the Equality Act 2010f1 (public authorities: general), under the heading “Industry, business, finance etc”—
omit “The single financial guidance body.”;
at the appropriate place insert “The Money and Pensions Service.”.
10Amendment of the Financial Services Act 2012
In section 85(4A) of the Financial Services Act 2012f1 (relevant functions in relation to complaints scheme) for “single financial guidance body” substitute “Money and Pensions Service”.
11Amendment of the Financial Guidance and Claims Act 2018
12Amendment of the Housing (Right to Buy) (Prescribed Forms) Regulations 1986
In the form set out in Schedule 1 to the Housing (Right to Buy) (Prescribed Forms) Regulations 1986f1 for “Money Advice Service: 0300 500 5000; www.moneyadviceservice.org.uk” substitute “Money and Pensions Service: 0115 965 9570; www.moneyandpensionsservice.org.uk”.
13Amendment of the Personal and Occupational Pension Schemes (Pensions Ombudsman) (Procedure) Rules 1995
In rule 2(2) of the Personal and Occupational Pension Schemes (Pensions Ombudsman) (Procedure) Rules 1995f1 (provision of details of complaint made or dispute referred) omit sub-paragraph (d).
14Amendment of the Personal and Occupational Pension Schemes (Pensions Ombudsman) (Procedure) Rules (Northern Ireland) 1995
In rule 2(2) of the Personal and Occupational Pension Schemes (Pensions Ombudsman) (Procedure) Rules (Northern Ireland) 1995f1 (provision of details of complaint made or dispute referred) omit sub-paragraph (d).
15Amendment of the Occupational Pension Schemes (Transfer Values) Regulations 1996
In paragraph 3(a) of Schedule 1 to the Occupational Pension Schemes (Transfer Values) Regulations 1996f1 (information to be made available to members) for “Pensions Advisory Service” substitute “Money and Pensions Service”.
16Amendment of the Occupational Pension Schemes (Transfer Values) Regulations (Northern Ireland) 1996
In paragraph 3(a) of Schedule 1 to the Occupational Pension Schemes (Transfer Values) Regulations (Northern Ireland) 1996f1 (information to be made available to members) for “Pensions Advisory Service” substitute “Money and Pensions Service”.
17Amendment of the Government Resources and Accounts Act 2000 (Audit of Non-profit-making Companies) Order 2009
In the Schedule (list of companies) to the Government Resources and Accounts Act 2000 (Audit of Non-profit-making Companies) Order 2009f1—
omit the entry for “The Pensions Advisory Service”;
at the appropriate place insert the entry set out in the following table—
| Company name | Date | Company number |
|---|---|---|
| Money and Pensions Service | 1 April 2019 |
18Amendment of the Occupational Pension Schemes (Internal Dispute Resolution Procedures Consequential and Miscellaneous Amendments) Regulations 2008
In regulation 2(1) of the Occupational Pension Schemes (Internal Dispute Resolution Procedures Consequential and Miscellaneous Amendments) Regulations 2008f1 (information requirements)—
in sub-paragraph (a) for “TPAS (the Pensions Advisory Service)” substitute “the Money and Pensions Service”;
in sub-paragraph (b) for “TPAS” substitute “the Money and Pensions Service”.
19Amendment of the Occupational Pension Schemes (Internal Dispute Resolution Procedures) (Consequential and Miscellaneous Amendments) Regulations (Northern Ireland) 2008
In regulation 2(1) of the Occupational Pension Schemes (Internal Dispute Resolution Procedures) (Consequential and Miscellaneous Amendments) Regulations (Northern Ireland) 2008f1 (information requirements)—
in sub-paragraph (a) for “TPAS (the Pensions Advisory Service)” substitute “the Money and Pensions Service”;
in sub-paragraph (b) for “TPAS” substitute “the Money and Pensions Service”.
20Amendment of the Local Government (Discretionary Payments) (Injury Allowances) Regulations 2011
In regulation 12(3) of the Local Government (Discretionary Payments) (Injury Allowances) Regulations 2011f1 (notice of decision on reconsideration)—
in sub-paragraph (d) for “Pensions Advisory Service” substitute “Money and Pensions Service”;
in sub-paragraph (f) for “Pensions Advisory service” substitute “Money and Pensions Service”.
21Amendment of the Local Government Pension Scheme Regulations 2013
In the Local Government Pension Scheme Regulations 2013f1 in—
regulation 75(3)(e) (decisions of the adjudicator), and
regulation 77(3)(d) and (f) (decisions of the administering authority on reconsideration),
for “Pensions Advisory Service” substitute “Money and Pensions Service”.
22Amendment of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013
In the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013f1, in Schedule 2 (basic information) in—
paragraph 10(a), and
paragraph 24(a),
for “Pensions Advisory Service” substitute “Money and Pensions Service”.
23Amendment of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014
In the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014f1 in Schedule 2 (basic information) in—
paragraph 10(a), and
paragraph 24(a),
for “Pensions Advisory Service” substitute “Money and Pensions Service”.
24Amendment of the Local Government Pension Scheme Regulations (Northern Ireland) 2014
In the Local Government Pension Scheme Regulations (Northern Ireland) 2014f1—
in regulation 85(3)(e) (notice of decisions by the appointed person under regulation 84) for “Pensions Advisory Service” substitute “Money and Pensions Service”;
in regulation 87(3)(e) (notice of decisions by the Committee under regulation 86), for “Pension Advisory Service” in each place it occurs, substitute “Money and Pensions Service”.
25Amendment of the Company, Limited Liability Partnership and Business (Names and Trading Disclosures) Regulations 2015
In the table in Schedule 4 (specified “public authorities” and list of Government Departments and other bodies whose views must be sought) to the Company, Limited Liability Partnership and Business (Names and Trading Disclosures) Regulations 2015f1 at the appropriate place insert the entry set out in the following table—
| Column (1) | Column (2) |
|---|---|
| Public Authority | Government Department or other body whose view must be sought |
| Money and Pensions Service | Department for Work and Pensions |
26Amendment of the National Assembly for Wales (Disqualification) Order 2015
In the table in the Schedule (offices disqualifying holders from membership of the National Assembly of Wales) to the National Assembly for Wales (Disqualification) Order 2015f1—
omit the entry for “Pensions Advisory Service”;
at the appropriate place insert the entry set out in the following table—
| First Column | Second Column |
|---|---|
| Money and Pensions Service | Directors |
27Amendment of the Payment Accounts Regulations 2015
In the Payment Accounts Regulations 2015f1—
in regulation 2(1) (interpretation)—
omit the definition of “Money Advice Service”,
at the appropriate place insert—
““Money and Pensions Service” means the body established under section 1 of the Financial Guidance and Claims Act 2018;”;
in regulation 12 (the comparisons website) for “Money Advice Service” in both places it occurs, substitute “Money and Pensions Service”;
in regulation 27(1) (general information on payment accounts with basic features) for “Money Advice Service” substitute “Money and Pensions Service”;
in regulation 43(1)(b) (evaluation) for “Money Advice Service” substitute “Money and Pensions Service”.
28Amendment of the Local Government Pension Scheme (Scotland) Regulations 2018
In the Local Government Pension Scheme (Scotland) Regulations 2018f1 in—
regulation 70(3)(e) (notice of decisions on disagreements), and
regulation 72(3)(e) (notice of decisions on reconsideration of disagreement),
for “Pensions Advisory Service” in each place it occurs, substitute “Money and Pensions Service”.
Explanatory note
(This note is not part of the Regulations)
Regulation 2 of these Regulations names the single financial guidance body, the body established under section 1 of the Financial Guidance and Claims Act 2018 (c. 10) (“the 2018 Act”), as the Money and Pensions Service.
Regulation 3 of, and the Schedule to these Regulations make consequential amendments to legislation as a result of naming the Money and Pensions Service and as a consequence of functions previously carried out by the Pensions Advisory Service and the Money Advice Service now being functions of the Money and Pensions Service (see section 3 of the 2018 Act).
An impact assessment has not been prepared for this instrument because a full, up to date, impact assessment was completed for the Financial Guidance and Claims Act 2018 and can be found at the following link:
Copies may also be obtained from the Better Regulation Unit of the Department for Work and Pensions, 4th Floor, Caxton House, Tothill Street, London SW1H 9NA.