UKPGA-2015-8 — Pension Schemes Act 2015

preamble

Be it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

PART 1

Categories of pension scheme

s. 1 — Introduction

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s. 2 — Defined benefits scheme

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s. 3 — Shared risk scheme (sometimes known as “defined ambition”)

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s. 4 — Defined contributions scheme

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s. 5 — Meaning of “pensions promise” etc

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s. 6 — Treatment of a scheme as two or more separate schemes

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s. 7 — Interpretation of Part 1

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PART 2

Collective benefits

s. 8 — Introduction and definition

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s. 9 — Duty to set targets for collective benefits

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s. 10 — Policy about factors used to determine each benefit

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s. 11 — Power to impose requirements about factors used to determine each benefit

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s. 12 — Payment schedule

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s. 13 — Overdue contributions and other payments

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s. 14 — Statement of investment strategy

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s. 15 — Investment performance reports

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s. 16 — Investment powers

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s. 17 — Restriction on borrowing by trustees or managers

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s. 18 — Investment powers: duty of care

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s. 19 — Valuation reports

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s. 20 — Valuation process

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s. 21 — Policy for dealing with a deficit or surplus

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s. 22 — Power to impose requirements about dealing with a deficit or surplus

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s. 23 — Deficits attributable to an offence or the imposition of a levy

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s. 24 — Payment of amounts out of collective benefit funds

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s. 25 — Policy for calculating cash equivalent of benefits

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s. 26 — Winding up

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s. 27 — Requirement to wind up scheme in specified circumstances

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s. 28 — Policies about winding up

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s. 29 — Working out which assets are available for the provision of which benefits

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s. 30 — Requirement to obtain actuarial advice

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s. 31 — Sub-delegation

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s. 32 — Publication of documents etc

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s. 33 — Enforcement

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s. 34 — Overriding requirements

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s. 35 — Interpretation of Part 2

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PART 3

General changes to legislation about pension schemes

s. 36 — Pensions promise obtained from third party

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s. 37 — Duty to act in the best interests of members

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s. 38 — Disclosure of information about schemes

s. 38(1)

Section 113 of the Pension Schemes Act 1993 (disclosure of information about schemes to members etc) is amended as follows.

s. 38(2)

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s. 38(3)

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s. 38(4)

Before subsection (3) insert—

s. 38(5)

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s. 38(6)

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s. 38(7)

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s. 39 — Extension of preservation of benefit under occupational pension schemes

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s. 40 — Revaluation of accrued benefits

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s. 41 — Collective benefits exempt from indexation

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s. 42 — Regulatory own fund schemes exempt from indexation

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s. 43 — Power to create other exemptions from indexation

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s. 44 — Removal of requirement to maintain register of independent trustees

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s. 45 — Rules about modification of schemes

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s. 46 — Other amendments to do with Parts 1 and 2

Schedule 2—

s. 46(a)

contains amendments to do with Parts 1 and 2, and

s. 46(b)

replaces references to “money purchase scheme” so as to limit the number of different ways of categorising pension schemes.

PART 4

Pensions flexibilities

s. 47 — Pensions guidance

Schedule 3 contains amendments of the Financial Services and Markets Act 2000, and of other legislation, that are about the giving of pensions guidance to pension scheme members, and survivors of pension scheme members, with a right or entitlement to flexible benefits.

s. 48 — Independent advice in respect of conversions and transfers: Great Britain

s. 48(1)

Where a member of a pension scheme has subsisting rights in respect of any safeguarded benefits, or a survivor of a member has subsisting rights in respect of any safeguarded benefits, the trustees or managers must check that the member or survivor has received appropriate independent advice before—

s. 48(1)(a)

converting any of the benefits into different benefits that are flexible benefits under the scheme;

s. 48(1)(b)

making a transfer payment in respect of any of the benefits with a view to acquiring a right or entitlement to flexible benefits for the member or survivor under another pension scheme;

s. 48(1)(c)

paying a lump sum that would be an uncrystallised funds pension lump sum in respect of any of the benefits.

s. 48(2)

The Secretary of State may by regulations make provision about—

s. 48(2)(a)

what the trustees or managers must do to check that a member or survivor has received appropriate independent advice for the purposes of subsection (1), and

s. 48(2)(b)

when the check must be carried out for the purposes of that subsection.

s. 48(3)

The Secretary of State may by regulations—

s. 48(3)(a)

create an exception to subsection (1) in the case of a member or survivor whose subsisting rights in respect of safeguarded benefits under the scheme, or safeguarded benefits under the scheme and any other schemes, are worth less than a specified amount;

s. 48(3)(b)

create other exceptions to subsection (1).

s. 48(4)

Regulations under subsection (3)(a) may, in particular, make provision about—

s. 48(4)(a)

the valuation of the subsisting rights;

s. 48(4)(b)

the process for determining whether the exception applies.

s. 48(5)

In subsection (1)(b) the reference to another pension scheme includes a scheme established in a country or territory outside Great Britain.

s. 48(6)

Where the trustees or managers fail to carry out a check required by this section, section 10 of the Pensions Act 1995 (civil penalties) applies to any trustee or manager who failed to take reasonable steps to ensure that the check was carried out.

s. 48(7)

Failure to carry out a check required by this section does not affect the validity of any transaction.

s. 48(8)

In this section—“appropriate independent advice” means advice that—is given by an authorised independent adviser, and meets any other requirements specified in regulations made by the Secretary of State;“authorised independent adviser” means a person who—has permission under Part 4A of the Financial Services and Markets Act 2000, or resulting from any other provision of that Act, to carry on a regulated activity specified in regulations made by the Secretary of State, or is acting as an appointed representative (within the meaning given by section 39(2) of that Act) in relation to a regulated activity so specified, and meets such other requirements as may be specified in regulations made by the Secretary of State for the purpose of ensuring that the person is independent;“safeguarded benefits” means benefits other than—money purchase benefits, and cash balance benefits.

s. 49 — Power to require employer to arrange advice for purposes of section 48

s. 49(1)

The Secretary of State may by regulations specify circumstances in which an employer must arrange or pay for a member of a pension scheme, or a survivor of a member of a pension scheme, to receive appropriate independent advice for the purpose of satisfying a requirement imposed by section 48.

s. 49(2)

Regulations under subsection (1) may, in particular—

s. 49(2)(a)

impose limitations on the amount that an employer may be required to pay;

s. 49(2)(b)

prohibit an employer from seeking in any way to recover, from a member or survivor, costs incurred by the employer in complying with the regulations;

s. 49(2)(c)

provide for section 10 of the Pensions Act 1995 (civil penalties) to apply to a failure by an employer to comply with the regulations.

s. 49(3)

In this section “employer” has the meaning given by regulations made by the Secretary of State.

s. 50 — Independent advice: consequential amendments: Great Britain

s. 50(1)

The Pension Schemes Act 1993 is amended as follows.

s. 50(2)

In section 99 (trustees' duties after exercise of option), after subsection (2) insert—

s. 50(3)

In section 101J (time for compliance with transfer notice in respect of pension credit benefits), after subsection (2A) (inserted by paragraph 18(3) of Schedule 4 to this Act) insert—

s. 51 — Independent advice in respect of conversions and transfers: Northern Ireland

s. 51(1)

Where a member of a pension scheme has subsisting rights in respect of any safeguarded benefits, or a survivor of a member has subsisting rights in respect of any safeguarded benefits, the trustees or managers must check that the member or survivor has received appropriate independent advice before—

s. 51(1)(a)

converting any of the benefits into different benefits that are flexible benefits under the scheme;

s. 51(1)(b)

making a transfer payment in respect of any of the benefits with a view to acquiring a right or entitlement to flexible benefits for the member or survivor under another pension scheme;

s. 51(1)(c)

paying a lump sum that would be an uncrystallised funds pension lump sum in respect of any of the benefits.

s. 51(2)

The Department for Social Development in Northern Ireland may by regulations make provision about—

s. 51(2)(a)

what the trustees or managers must do to check that a member or survivor has received appropriate independent advice for the purposes of subsection (1), and

s. 51(2)(b)

when the check must be carried out for the purposes of that subsection.

s. 51(3)

The Department for Social Development in Northern Ireland may by regulations—

s. 51(3)(a)

create an exception to subsection (1) in the case of a member or survivor whose subsisting rights in respect of safeguarded benefits under the scheme, or safeguarded benefits under the scheme and any other schemes, are worth less than a specified amount;

s. 51(3)(b)

create other exceptions to subsection (1).

s. 51(4)

Regulations under subsection (3)(a) may, in particular, make provision about—

s. 51(4)(a)

the valuation of the subsisting rights;

s. 51(4)(b)

the process for determining whether the exception applies.

s. 51(5)

In subsection (1)(b) the reference to another pension scheme includes a scheme established in a country or territory outside Northern Ireland.

s. 51(6)

Where the trustees or managers fail to carry out a check required by this section, Article 10 of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) (civil penalties) applies to any trustee or manager who failed to take reasonable steps to ensure that the check was carried out.

s. 51(7)

Failure to carry out a check required by this section does not affect the validity of any transaction.

s. 51(8)

In this section—“appropriate independent advice” means advice that—is given by an authorised independent adviser, and meets any other requirements specified in regulations made by the Department for Social Development in Northern Ireland;“authorised independent adviser” means a person who—has permission under Part 4A of the Financial Services and Markets Act 2000, or resulting from any other provision of that Act, to carry on a regulated activity specified in regulations made by the Department for Social Development in Northern Ireland, or is acting as an appointed representative (within the meaning given by section 39(2) of that Act) in relation to a regulated activity so specified, and meets such other requirements as may be specified in regulations made by the Department for Social Development in Northern Ireland for the purpose of ensuring that the person is independent;“safeguarded benefits” means benefits other than—money purchase benefits, and cash balance benefits.

s. 52 — Power to require employer to arrange advice for purposes of section 51

s. 52(1)

The Department for Social Development in Northern Ireland may by regulations specify circumstances in which an employer must arrange or pay for a member of a pension scheme, or a survivor of a member of a pension scheme, to receive appropriate independent advice for the purpose of satisfying a requirement imposed by section 51.

s. 52(2)

Regulations under subsection (1) may, in particular—

s. 52(2)(a)

impose limitations on the amount that an employer may be required to pay;

s. 52(2)(b)

prohibit an employer from seeking in any way to recover, from a member or survivor, costs incurred by the employer in complying with the regulations;

s. 52(2)(c)

provide for Article 10 of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) (civil penalties) to apply to a failure by an employer to comply with the regulations.

s. 52(3)

In this section “employer” has the meaning given by regulations made by the Department for Social Development in Northern Ireland.

s. 53 — Independent advice: consequential amendments: Northern Ireland

s. 53(1)

The Pension Schemes (Northern Ireland) Act 1993 is amended as follows.

s. 53(2)

In section 95 (trustees' duties after exercise of option), after subsection (2) insert—

s. 53(3)

In section 97J (time for compliance with transfer notice in respect of pension credit benefits), after subsection (2A) (inserted by paragraph 64(3) of Schedule 4 to this Act) insert—

s. 54 — Independent advice: income tax exemption

s. 54(1)

In Part 4 of the Income Tax (Earnings and Pensions) Act 2003 (employment income: exemptions), in Chapter 9 (exemptions: pension provision), after section 308A insert—

s. 54(2)

In that Part of that Act, in section 228 (effect of exemptions on liability under provisions outside Part 2), in subsection (2), after paragraph (d) insert—.

s. 54(3)

The amendments made by this section have effect for the tax year 2015-16 and subsequent tax years.

s. 55 — Sums or assets that may be designated as available for drawdown: Great Britain

s. 55(1)

In the case of a member of an occupational pension scheme the only sums or assets that may be designated as available for the payment of drawdown pension for the member under the scheme are sums or assets held for the purposes of providing money purchase benefits to or in respect of the member.

s. 55(2)

In the case of a survivor of a member of an occupational pension scheme the only sums or assets that may be designated as available for the payment of dependants' drawdown pension, nominees' drawdown pension or successors' drawdown pension for the survivor under the scheme are sums or assets held for the purposes of providing money purchase benefits to the survivor.

s. 55(3)

This section overrides any provision of an occupational pension scheme to the extent that there is a conflict.

s. 55(4)

This section does not apply in relation to sums or assets designated before 6 April 2015.

s. 56 — Provision about conversion of certain benefits for drawdown: Great Britain

s. 56(1)

The Secretary of State may by regulations make provision about the conversion of benefits under an occupational pension scheme in circumstances where—

s. 56(1)(a)

a member of the scheme, or a survivor of a member of the scheme, has subsisting rights in respect of any flexible benefits other than money purchase benefits under the scheme, and

s. 56(1)(b)

the member or survivor exercises an option to convert any of the benefits into money purchase benefits for the purposes of enabling sums or assets to be designated as available for the payment of drawdown pension, dependants' drawdown pension, nominees' drawdown pension or successors' drawdown pension.

s. 56(2)

Regulations under subsection (1) may, in particular, make provision about how the rate or amount of any benefits not converted are to be calculated in future.

s. 56(3)

In relation to a conversion that takes place before the member or survivor reaches normal pension age, regulations under subsection (1) may in particular make provision about—

s. 56(3)(a)

the manner in which benefits are to be calculated for the purpose of converting them into money purchase benefits;

s. 56(3)(b)

the use of any power to reduce benefits.

s. 56(4)

Regulations made under this section may include provision for them to override the provisions of a pension scheme to the extent that there is a conflict.

s. 57 — Provision about calculation of lump sums: Great Britain

s. 57(1)

The Secretary of State may by regulations make provision about the calculation of lump sums in circumstances where—

s. 57(1)(a)

a member of an occupational pension scheme, or a survivor of a member of the scheme, has subsisting rights in respect of any flexible benefits other than money purchase benefits under the scheme, and

s. 57(1)(b)

the member or survivor exercises an option to be paid a lump sum in respect of any of those benefits.

s. 57(2)

Regulations under subsection (1) may, in particular, make provision about how the rate or amount of any remaining benefits are to be calculated in future.

s. 57(3)

In a case where a member or survivor exercises an option to be paid a lump sum before reaching normal pension age, regulations under subsection (1) may in particular make provision about—

s. 57(3)(a)

the manner in which benefits are to be calculated for the purpose of determining the amount available for the payment of the lump sum;

s. 57(b)

the use of any power to reduce the amount of the lump sum.

s. 57(4)

Regulations made under this section may include provision for them to override the provisions of a pension scheme to the extent that there is a conflict.

s. 58 — Restrictions on conversion of benefits during winding up etc: Great Britain

s. 58(1)

In section 73A of the Pensions Act 1995 (operation of scheme during winding up period), after subsection (6) insert—

s. 58(2)

In section 73B of that Act (sections 73 and 73A: supplementary), in subsections (1) and (3), after “section 73A(3)” insert “ or (6A) ”.

s. 58(3)

In section 135 of the Pensions Act 2004 (restrictions on winding up, discharge of liabilities etc during assessment period), in subsection (4), before paragraph (a) insert—.

s. 59 — Restriction on payment of lump sums during PPF assessment period: Great Britain

s. 59(1)

Section 138 of the Pensions Act 2004 (payment of scheme benefits during assessment period) is amended as follows.

s. 59(2)

In subsection (1), after “Subsections (2)” insert “ , (2A) ”.

s. 59(3)

After subsection (2) insert—

s. 59(4)

In subsection (3), omit “But”.

s. 59(5)

In subsection (5), for “subsection (2)” substitute “ subsections (2) and (2A) ”.

s. 59(6)

In subsection (6), for “subsection (3)” substitute “ subsections (2A) and (3) ”.

s. 59(7)

In subsection (7), after “Subsections (2),” insert “ (2A), ”.

s. 59(8)

In subsection (8), after “subsections (2)” insert “ , (2A) ”.

s. 59(9)

In subsection (9), for “subsections (2) and (3)” substitute “ subsections (2) to (3) ”.

s. 59(10)

After subsection (9) insert—

s. 59(11)

In subsection (12), for “subsection (2)” substitute “ subsections (2) and (2A) ”.

s. 59(12)

In subsection (13), after “subsection (2)” insert “ , (2A) ”.

s. 60 — Sections 55 to 57: consequential amendments

s. 60(1)

In section 101AI of the Pension Schemes Act 1993 (early leavers: cash transfer sums and contribution refunds - further provisions), in subsection (8)—

s. 60(1)(a)

in paragraph (a), after sub-paragraph (ix) insert—;

s. 60(1)(b)

in paragraph (b), after sub-paragraph (vii) insert—

s. 60(2)

In section 67A of the Pensions Act 1995 (the subsisting rights provisions: interpretation), in subsection (9)—

s. 60(2)(a)

in paragraph (a), after sub-paragraph (x) (inserted by section 45 of this Act) insert—;

s. 60(2)(b)

in paragraph (b), after sub-paragraph (viii) (inserted by section 45 of this Act) insert—

s. 60(3)

In section 318 of the Pensions Act 2004 (interpretation), in subsection (3)—

s. 60(3)(a)

in paragraph (a), after sub-paragraph (x) (inserted by Schedule 2 to this Act) insert—;

s. 60(3)(b)

in paragraph (b), after sub-paragraph (viii) (inserted by Schedule 2 to this Act) insert—

s. 61 — Sums or assets that may be designated as available for drawdown: Northern Ireland

s. 61(1)

In the case of a member of an occupational pension scheme the only sums or assets that may be designated as available for the payment of drawdown pension for the member under the scheme are sums or assets held for the purposes of providing money purchase benefits to or in respect of the member.

s. 61(2)

In the case of a survivor of a member of an occupational pension scheme the only sums or assets that may be designated as available for the payment of dependants' drawdown pension, nominees' drawdown pension or successors' drawdown pension for the survivor under the scheme are sums or assets held for the purposes of providing money purchase benefits to the survivor.

s. 61(3)

This section overrides any provision of an occupational pension scheme to the extent that there is a conflict.

s. 61(4)

This section does not apply in relation to sums or assets designated before 6 April 2015.

s. 62 — Provision about conversion of certain benefits for drawdown: Northern Ireland

s. 62(1)

The Department for Social Development in Northern Ireland may by regulations make provision about the conversion of benefits under an occupational pension scheme in circumstances where—

s. 62(1)(a)

a member of the scheme, or a survivor of a member of the scheme, has subsisting rights in respect of any flexible benefits other than money purchase benefits under the scheme, and

s. 62(1)(b)

the member or survivor exercises an option to convert any of the benefits into money purchase benefits for the purposes of enabling sums or assets to be designated as available for the payment of drawdown pension, dependants' drawdown pension, nominees' drawdown pension or successors' drawdown pension.

s. 62(2)

Regulations under subsection (1) may, in particular, make provision about how the rate or amount of any benefits not converted are to be calculated in future.

s. 62(3)

In relation to a conversion that takes place before the member or survivor reaches normal pension age, regulations under subsection (1) may in particular make provision about—

s. 62(3)(a)

the manner in which benefits are to be calculated for the purpose of converting them into money purchase benefits;

s. 62(3)(b)

the use of any power to reduce benefits.

s. 62(4)

Regulations made under this section may include provision for them to override the provisions of a pension scheme to the extent that there is a conflict.

s. 63 — Provision about calculation of lump sums: Northern Ireland

s. 63(1)

The Department for Social Development in Northern Ireland may by regulations make provision about the calculation of lump sums in circumstances where—

s. 63(1)(a)

a member of an occupational pension scheme, or a survivor of a member of the scheme, has subsisting rights in respect of any flexible benefits other than money purchase benefits under the scheme, and

s. 63(1)(b)

the member or survivor exercises an option to be paid a lump sum in respect of any of those benefits.

s. 63(2)

Regulations under subsection (1) may, in particular, make provision about how the rate or amount of any remaining benefits are to be calculated in future.

s. 63(3)

In a case where a member or survivor exercises an option to be paid a lump sum before reaching normal pension age, regulations under subsection (1) may in particular make provision about—

s. 63(3)(a)

the manner in which benefits are to be calculated for the purpose of determining the amount available for the payment of the lump sum;

s. 63(b)

the use of any power to reduce the amount of the lump sum.

s. 63(4)

Regulations made under this section may include provision for them to override the provisions of a pension scheme to the extent that there is a conflict.

s. 64 — Restrictions on conversion of benefits during winding up etc: Northern Ireland

s. 64(1)

In Article 73A of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) (operation of scheme during winding up period), after paragraph (6) insert—

s. 64(2)

In Article 73B of that Order (Articles 73 and 73A: supplementary), in paragraphs (1) and (3), after “Article 73A(3)” insert “ or (6A) ”.

s. 64(3)

In Article 119 of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) (restrictions on winding up, discharge of liabilities etc during assessment period), in paragraph (4), before sub-paragraph (a) insert—.

s. 65 — Restriction on payment of lump sums during PPF assessment period: Northern Ireland

s. 65(1)

Article 122 of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) (payment of scheme benefits during assessment period) is amended as follows.

s. 65(2)

In paragraph (1), after “Paragraphs (2)” insert “ , (2A) ”.

s. 65(3)

After paragraph (2) insert—

s. 65(4)

In paragraph (3), omit “But”.

s. 65(5)

In paragraph (5), for “paragraph (2)” substitute “ paragraphs (2) and (2A) ”.

s. 65(6)

In paragraph (6), for “paragraph (3)” substitute “ paragraphs (2A) and (3) ”.

s. 65(7)

In paragraph (7), after “Paragraphs (2),” insert “ (2A), ”.

s. 65(8)

In paragraph (8), after “paragraphs (2)” insert “ , (2A) ”.

s. 65(9)

In paragraph (9), for “paragraphs (2) and (3)” substitute “ paragraphs (2) to (3) ”.

s. 65(10)

After paragraph (9) insert—

s. 65(11)

In paragraph (12), for “paragraph (2)” substitute “ paragraphs (2) and (2A) ”.

s. 65(12)

In paragraph (13), after “paragraph (2)” insert “ , (2A) ”.

s. 66 — Sections 61 to 63: consequential amendments

s. 66(1)

In section 97AI of the Pension Schemes (Northern Ireland) Act 1993 (early leavers: cash transfer sums and contribution refunds - further provisions), in subsection (7)—

s. 66(1)(a)

in paragraph (a), after sub-paragraph (vii) insert—;

s. 66(1)(b)

in paragraph (b), after sub-paragraph (v) insert—

s. 66(2)

In Article 67A of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) (the subsisting rights provisions: interpretation), in paragraph (9)—

s. 66(2)(a)

in sub-paragraph (a), after head (vii) insert—;

s. 66(2)(b)

in sub-paragraph (b), after head (v) insert—

s. 66(3)

In Article 2 of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)) (interpretation), in paragraph (4)—

s. 66(3)(a)

in sub-paragraph (a), after head (vii) insert—;

s. 66(3)(b)

in sub-paragraph (b), after head (v) insert—

s. 67 — Rights to transfer benefits

Schedule 4 contains amendments that confer new statutory rights to transfer benefits.

s. 68 — Restriction on transfers out of unfunded public service defined benefits schemes: Great Britain

s. 68(1)

The Pension Schemes Act 1993 is amended as follows.

s. 68(2)

In section 95 (ways of taking right to cash equivalent), in subsection (2), after “occupational pension scheme” insert “ that is not an unfunded public service defined benefits scheme ”.

s. 68(3)

In section 95, after subsection (2) insert—

s. 68(4)

After section 95(5) insert—

s. 68(5)

In section 95(6)—

s. 68(5)(a)

after “subsections (2)” insert “ , (2A) ”;

s. 68(5)(b)

after “subsection (2)” insert “ or (2A) ”.

s. 68(6)

In section 96 (further provisions concerning exercise of option under section 95), in subsection (2)(b), after “subsection (2)” insert “ , subsection (2A) ”.

s. 68(7)

In section 100 (withdrawal of applications), in subsection (2), after “subsection (2)” insert “ , subsection (2A) ”.

s. 68(8)

The amendments made by this section have no effect in relation to an application made under section 95(1) of the Pension Schemes Act 1993 before 6 April 2015.

s. 68(9)

Until the coming into force of the first regulations made under a provision of the Pension Schemes Act 1993 specified in the first column of the table, regulations made under the provision of that Act specified in the corresponding entry in the second column apply (with any necessary modifications) for the purposes of the provision specified in the first column—

s. 69 — Reduction of cash equivalents: funded public service defined benefits schemes: Great Britain

s. 69(1)

The Pension Schemes Act 1993 is amended as follows.

s. 69(2)

In section 97 (calculation of cash equivalents), in subsection (1)—

s. 69(2)(a)

after “verified” insert;

s. 69(2)(b)

at the end insert

s. 69(3)

After section 97 insert—

s. 69(4)

After section 97B (inserted by subsection (3)) insert—

s. 70 — Sections 68 and 69: consequential amendments

s. 70(1)

In the Pension Schemes Act 1993, in section 182 (orders and regulations: general provisions), after subsection (1) insert—

s. 70(2)

In that Act, in section 185 (consultations about other regulations), after subsection (5) insert—

s. 70(3)

In that Act, in section 186 (Parliamentary control of orders and regulations)—

s. 70(3)(a)

in subsection (1) (negative procedure), after “Secretary of State” insert “ or the Treasury ”;

s. 70(3)(b)

in subsection (3) (affirmative procedure), after paragraph (e) insert;

s. 70(3)(c)

after subsection (5) insert—

s. 70(4)

In the Pensions Act 2004, in section 18 (pension liberation: interpretation), in subsection (4)(a) (meaning of “authorised way”), omit “subsection (2) or, as the case may be, subsection (3) of”.

s. 70(5)

The consultation requirement in section 185(5A) of the Pension Schemes Act 1993 (inserted by subsection (2)) may be satisfied by things done before the day on which this Act is passed.

s. 71 — Restriction on transfers out of unfunded public service defined benefits schemes: Northern Ireland

s. 71(1)

The Pension Schemes (Northern Ireland) Act 1993 is amended as follows.

s. 71(2)

In section 91(2), after “occupational pension scheme” insert “ that is not an unfunded public service defined benefits scheme ”.

s. 71(3)

In section 91, after subsection (2) insert—

s. 71(4)

After section 91(5) insert—

s. 71(5)

In section 91(6)—

s. 71(5)(a)

after “subsections (2)” insert “ , (2A) ”;

s. 71(5)(b)

after “subsection (2)” insert “ or (2A) ”.

s. 71(6)

In section 92 (further provisions concerning exercise of option under section 91), in subsection (2)(b), after “subsection (2)” insert “ , subsection (2A) ”.

s. 71(7)

In section 96 (withdrawal of applications), in subsection (2), after “subsection (2)” insert “ , subsection (2A) ”.

s. 71(8)

The amendments made by this section have no effect in relation to an application made under section 91 of the Pension Schemes (Northern Ireland) Act 1993 before 6 April 2015.

s. 71(9)

Until the coming into force of the first regulations made under a provision of the Pension Schemes (Northern Ireland) Act 1993 specified in the first column of the table, regulations made under the provision of that Act specified in the corresponding entry in the second column apply (with any necessary modifications) for the purposes of the provision specified in the first column—

s. 72 — Reduction of cash equivalents: funded public service defined benefits schemes: Northern Ireland

s. 72(1)

The Pension Schemes (Northern Ireland) Act 1993 is amended as follows.

s. 72(2)

In section 93 (calculation of cash equivalents), in subsection (1)—

s. 72(2)(a)

after “verified” insert;

s. 72(2)(b)

at the end insert

s. 72(3)

After section 93 insert—

s. 72(4)

After section 93A (inserted by subsection (3)) insert—

s. 73 — Sections 71 and 72: consequential amendments

s. 73(1)

In the Pension Schemes (Northern Ireland) Act 1993, in section 176 (general interpretation), in subsection (1), in the definition of “regulations”, after “means” insert “ , unless the context otherwise requires, ”.

s. 73(2)

In that Act, in section 181 (Assembly etc control of regulations and orders)—

s. 73(2)(a)

in subsection (2) (regulations and orders subject to confirmatory procedure), at the end insert “ and to regulations made by the Department of Finance and Personnel under section 93A(10) ”;

s. 73(2)(b)

in subsection (4) (regulations and orders subject to negative resolution), for “shall” substitute “ and regulations made by the Department of Finance and Personnel under section 91 or 93B shall ”.

s. 73(3)

In the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)), in Article 14 (pension liberation: interpretation), in paragraph (4)(a) (meaning of “authorised way”), omit “subsection (2) or, as the case may be, subsection (3) of”.

s. 74 — Meaning of “flexible benefit”

In this Part “flexible benefit”, in relation to a member of a pension scheme or a survivor of a member, means—

s. 74(a)

a money purchase benefit,

s. 74(b)

a cash balance benefit, or

s. 74(c)

a benefit, other than a money purchase benefit or cash balance benefit, calculated by reference to an amount available for the provision of benefits to or in respect of the member (whether the amount so available is calculated by reference to payments made by the member or any other person in respect of the member or any other factor).

s. 75 — Meaning of “cash balance benefit”

s. 75(1)

In this Part “cash balance benefit”, in relation to a member of a pension scheme or a survivor of a member, means a benefit calculated by reference to an amount available for the provision of benefits to or in respect of the member (“the available amount”) where there is a promise about that amount.

s. 75(2)

But a benefit is not a “cash balance benefit” if, under the scheme—

s. 75(2)(a)

a pension may be provided from the available amount to or in respect of the member, and

s. 75(2)(b)

there is a promise about the rate of that pension.

s. 75(3)

The promise mentioned in subsection (1) includes, in particular, a promise about the change in the value of, or the return from, payments made by the member or any other person in respect of the member.

s. 75(4)

The promise mentioned in subsection (2)(b) includes a promise that—

s. 75(4)(a)

the available amount will be sufficient to provide a pension of a particular rate;

s. 75(4)(b)

the rate of a pension will represent a particular proportion of the available amount.

s. 75(5)

A benefit is not excluded from the definition of “cash balance benefit” by subsection (2) merely because under the scheme there is a promise that—

s. 75(5)(a)

the rate or amount of the benefit payable in respect of a deceased member will be a particular proportion of the rate or amount of the benefit which was (or would have been) payable to the member, or

s. 75(5)(b)

the amount of a lump sum payable to a member, or in respect of a deceased member, will represent a particular proportion of the available amount.

s. 76 — Interpretation of Part 4

s. 76(1)

In this Part—“cash balance benefit” has the meaning given by section 75;“dependants' drawdown pension”, in relation to a survivor, has the meaning given by paragraph 18 of Schedule 28 to the Finance Act 2004;“drawdown pension”, in relation to a member, has the meaning given by paragraph 4 of Schedule 28 to the Finance Act 2004;“flexible benefit” has the meaning given by section 74;“nominees' drawdown pension”, in relation to a survivor, has the meaning given by paragraph 27B of Schedule 28 to the Finance Act 2004;“normal pension age”, in relation to a benefit for a member of a pension scheme or a survivor of a member, means—the earliest age at which, or earliest occasion on which, the member or survivor is entitled to receive the benefit without adjustment for taking it early or late (disregarding any special provision as to early payment on the grounds of ill health or otherwise), or if there is no such age or occasion, normal minimum pension age as defined by section 279(1) of the Finance Act 2004;“subsisting right”—in relation to a member of a pension scheme means—any right which has accrued to or in respect of the member to future benefits under the scheme, or any entitlement to benefits under the scheme, in relation to a survivor of a member of a pension scheme, means any right to future benefits, or entitlement to benefits, which the survivor has under the scheme in respect of the member;“successors' drawdown pension”, in relation to a survivor, has the meaning given by paragraph 27G of Schedule 28 to the Finance Act 2004;“survivor”, in relation to a member of a pension scheme, means a person who has survived the member and has a right to future benefits, or is entitled to benefits, under the scheme in respect of the member;“trustees or managers” means—in relation to a scheme established under a trust, the trustees, and in relation to any other scheme, the managers;“uncrystallised funds pension lump sum” has the meaning given by paragraph 4A of Schedule 29 to the Finance Act 2004.

s. 76(2)

In any provision of this Part as it extends to England and Wales and Scotland—“money purchase benefits” has the meaning given by section 181 of the Pension Schemes Act 1993;“occupational pension scheme” has the meaning given by section 1 of the Pension Schemes Act 1993;“pension scheme” has the meaning given by section 1(5) of the Pension Schemes Act 1993.

s. 76(3)

In any provision of this Part as it extends to Northern Ireland—“money purchase benefits” has the meaning given by section 176 of the Pension Schemes (Northern Ireland) Act 1993;“occupational pension scheme” has the meaning given by section 1 of the Pension Schemes (Northern Ireland) Act 1993;“pension scheme” has the meaning given by section 1(5) of the Pension Schemes (Northern Ireland) Act 1993.

PART 5

Miscellaneous

s. 77 — Payments into Remploy Limited Pension and Assurance Scheme

The Secretary of State may make payments into the Remploy Limited Pension and Assurance Scheme.

s. 78 — Pension scheme for fee-paid judges

s. 78(1)

In the Judicial Pensions and Retirement Act 1993, after Part 1 insert—

s. 78(2)

Schedule 5 contains related amendments.

s. 79 — Judicial pensions: pension sharing on divorce etc

In paragraph 1(5) of Schedule 2A to the Judicial Pensions and Retirement Act 1993 (pension credits), for the words from “in respect of the office” to the end substitute “ in respect of the rights from which the pension credit is derived ”.

s. 80 — Public service pension schemes

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s. 81 — Extension to Scotland of certain provisions about marriage of same sex couples

Sections 17(11), 24D(5), 37(7) and 38A of the Pension Schemes Act 1993 (regulations about relevant gender change cases) extend to Scotland.

s. 82 — Pension sharing and normal benefit age

s. 82(1)

The Pension Schemes Act 1993 is amended as follows.

s. 82(2)

In section 101B (interpretation), for the definition of “normal benefit age” substitute—

s. 82(3)

In section 101C (basic principle as to pension credit benefit), for subsection (1) substitute—

PART 6

General

s. 83 — Power to make consequential amendments

s. 83(1)

The appropriate national authority may by regulations make provision that is consequential on any provision made by this Act.

s. 83(2)

Regulations under this section may amend, repeal, revoke or otherwise modify any primary or subordinate legislation (whenever passed or made).

s. 83(3)

In this section—“appropriate national authority” means—in relation to provision which could be made by an Act of the Northern Ireland Assembly without the consent of the Secretary of State (see sections 6 to 8 of the Northern Ireland Act 1998), the Department for Social Development in Northern Ireland, and in relation to any other provision, the Secretary of State or the Treasury;“primary legislation” means—an Act; Northern Ireland legislation;“subordinate legislation” means—subordinate legislation as defined by section 21(1) of the Interpretation Act 1978; an instrument made under Northern Ireland legislation.

s. 84 — Regulations

s. 84(1)

Regulations made by the Secretary of State or the Treasury under this Act are to be made by statutory instrument.

s. 84(2)

A statutory instrument containing—(whether alone or with other provision) may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.

s. 84(2)(a)

the first regulations under section 8(3)(b), 9, 10, 11 or 21,

s. 84(2)(b)

regulations under section 48(3)(b), or

s. 84(2)(c)

regulations under section 83 that amend, repeal or otherwise modify a provision of primary legislation,

s. 84(3)

Any other statutory instrument containing regulations under this Act is subject to annulment in pursuance of a resolution of either House of Parliament.

s. 84(4)

Subsection (3) does not apply to a statutory instrument containing regulations under section 89(4) or (6) only.

s. 85 — Regulations: Northern Ireland

s. 85(1)

A power of the Department for Social Development in Northern Ireland to make regulations under this Act is exercisable by statutory rule for the purposes of the Statutory Rules (Northern Ireland) Order 1979 (S.I. 1979/1573 (N.I. 12)).

s. 85(2)

Subsection (3) applies where regulations made by the Department for Social Development in Northern Ireland contain—(whether alone or with other provision).

s. 85(2)(a)

provision made under section 51(3)(b), or

s. 85(2)(b)

provision made under section 83 that amends, repeals, revokes or otherwise modifies a provision of primary legislation,

s. 85(3)

Where this subsection applies, the regulations—

s. 85(3)(a)

must be laid before the Northern Ireland Assembly after being made;

s. 85(3)(b)

take effect on such date as may be specified in the regulations but (without prejudice to the validity of anything done under them or to the making of new regulations) cease to have effect on the expiry of a period of 6 months from that date unless at some time before the expiry of that period the regulations are approved by a resolution of the Northern Ireland Assembly.

s. 85(4)

Any other regulations made by the Department for Social Development in Northern Ireland under this Act are subject to negative resolution within the meaning of section 41(6) of the Interpretation Act (Northern Ireland) 1954 (c. 33 (N.I.)).

s. 85(5)

Subsection (4) does not apply to regulations containing provision under section 89(6) only.

s. 86 — Regulations: supplementary

s. 86(1)

A power to make regulations under this Act may be used—

s. 86(1)(a)

to make different provision for different purposes;

s. 86(1)(b)

in relation to all or only some of the purposes for which it may be used.

s. 86(2)

Regulations under this Act may include incidental, supplementary, consequential, transitional, transitory or saving provision.

s. 87 — Crown application

s. 87(1)

In this section “the relevant provisions” means—

s. 87(1)(a)

Part 2,

s. 87(1)(b)

section 36,

s. 87(1)(c)

section 37,

s. 87(d)

in Chapter 2 of Part 4, sections 48, 49, 51 and 52, and

s. 87(e)

in Chapter 3 of Part 4, sections 55 to 57 and 61 to 63.

s. 87(2)

The relevant provisions apply to a pension scheme managed by or on behalf of the Crown as they apply to other pension schemes.

s. 87(3)

Accordingly, references in those provisions to a person in the person's capacity as a trustee or manager of a pension scheme include the Crown, or a person acting on behalf of the Crown, in that capacity.

s. 87(4)

References in the relevant provisions to a person in the person's capacity as an employer include the Crown, or a person acting on behalf of the Crown, in that capacity.

s. 87(5)

Nothing in the relevant provisions applies to Her Majesty in Her private capacity (within the meaning of the Crown Proceedings Act 1947).

s. 88 — Extent

s. 88(1)

This Act extends to England and Wales and Scotland only, subject to the following provisions of this section.

s. 88(2)

Any amendment or repeal made by this Act has the same extent as the enactment to which it relates.

s. 88(3)

Section 81 extends to Scotland only.

s. 88(4)

The following extend also to Northern Ireland—

s. 88(4)(a)

section 54(3);

s. 88(4)(b)

Chapter 5 of Part 4;

s. 88(4)(c)

this Part.

s. 88(5)

The following extend to Northern Ireland only—

s. 88(5)(a)

in Chapter 2 of Part 4, sections 51 and 52;

s. 88(5)(b)

in Chapter 3 of Part 4, sections 61 to 63;

s. 88(5)(c)

section 71(8) and (9).

s. 89 — Commencement

s. 89(1)

The following come into force on the day on which this Act is passed—

s. 89(1)(a)

section 47 and Schedule 3;

s. 89(1)(b)

any other provision of Part 4 so far as is necessary for enabling the exercise on or after the day on which this Act is passed of any power to make provision by regulations;

s. 89(1)(c)

sections 78 and 79 and Schedule 5;

s. 89(1)(d)

section 80;

s. 89(1)(e)

this Part.

s. 89(2)

Section 82 comes into force on 1 April 2015.

s. 89(3)

The following come into force on 6 April 2015—

s. 89(3)(a)

paragraphs 24, 30, 33 and 36 of Schedule 2 (and section 46 so far as relating to those provisions);

s. 89(3)(b)

Part 4, so far as not already in force.

s. 89(4)

The following come into force on such day or days as may be appointed by regulations made by the Secretary of State—

s. 89(4)(a)

Parts 1 to 3 other than paragraphs 24, 30, 33 and 36 of Schedule 2 (and section 46 so far as relating to those provisions);

s. 89(4)(b)

sections 77 and 81.

s. 89(5)

Regulations under subsection (4) may appoint different days for different purposes.

s. 89(6)

The Secretary of State or the Department for Social Development in Northern Ireland may by regulations make transitional, transitory or saving provision in connection with the coming into force of any provision of this Act.

s. 90 — Short title

This Act may be cited as the Pension Schemes Act 2015.

Sch 1

Early leavers: revaluation of accrued benefits

Sch 1 para 1

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Sch 1 para 8

In Schedule 3 to that Act (revaluation methods), before paragraph 1 insert—

Sch 1 para 9

Omit paragraphs 3A and 4 of that Schedule.

Sch 1 para 10

In paragraph 5(1) of that Schedule, for “if his pensionable service had not terminated” substitute “if—

Sch 1 para 10(a)

in the case of an occupational pension scheme, the member's pensionable service had not terminated, or

Sch 1 para 10(b)

in the case of a personal pension scheme, contributions in respect of the member had not ceased to be paid.”

Sch 1 para 11

Omit the following, which are no longer needed given the earlier provisions of this Schedule—

Sch 1 para 11(a)

paragraph 31(3) of Schedule 12 to the Welfare Reform and Pensions Act 1999;

Sch 1 para 11(b)

section 19(1) to (3) of the Pensions Act 2011.

Sch 2

Other amendments to do with Parts 1 and 2

Sch 2 para 1

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Sch 2 para 23

The Pensions Act 2004 is amended as follows.

Sch 2 para 24

In section 13 (improvement notices), in subsection (7)—

Sch 2 para 24(a)

omit the “or” at the end of paragraph (e);

Sch 2 para 24(b)

after paragraph (f) insert

Sch 2 para 25

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Sch 2 para 29

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Sch 2 para 30

Sch 2 para 30(1)

Section 90 (codes of practice) is amended as follows.

Sch 2 para 30(2)

In subsection (2)(i), for “money purchase schemes” substitute “ certain schemes ”.

Sch 2 para 30(3)

In subsection (6), in the definition of “the pensions legislation”—

Sch 2 para 30(3)(a)

omit the “or” at the end of paragraph (c);

Sch 2 para 30(3)(b)

after paragraph (d) insert—

Sch 2 para 31

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Sch 2 para 33

In section 254 (representative of non-European scheme to be treated as trustee), in subsection (3)—

Sch 2 para 33(a)

omit the “or” at the end of paragraph (c);

Sch 2 para 33(b)

after paragraph (d) insert

Sch 2 para 34

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Sch 2 para 36

In section 291 (duty of trustees or managers to act consistently with law of host member state), in subsection (4)—

Sch 2 para 36(a)

omit the “or” at the end of paragraph (c);

Sch 2 para 36(b)

after paragraph (d) insert

Sch 2 para 37

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Sch 2 para 46

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Sch 2 para 47

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Sch 2 para 48

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Sch 2 para 49

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Sch 2 para 50

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Sch 2 para 51

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Sch 3

Pensions guidance

Sch 3 para 1

The Financial Services and Markets Act 2000 is amended as follows.

Sch 3 para 2

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sch 3 para 3

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Sch 3 para 4

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Sch 3 para 5

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sch 3 para 6

After section 137FA insert—

Sch 3 para 7

Sch 3 para 7(1)

Section 138F (notification of rules) is amended as follows.

Sch 3 para 7(2)

The existing text becomes subsection (1).

Sch 3 para 7(3)

After that subsection insert—

Sch 3 para 8

In section 138I (rules: consultation by the FCA)—

Sch 3 para 8(a)

in subsection (6) (exemption from requirement to carry out a cost benefit analysis), after paragraph (a) insert—;

Sch 3 para 8(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sch 3 para 8(c)

in subsection (10) (rules to which requirement to consult the PRA does not apply), after “apply to” insert.

Sch 3 para 9

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sch 3 para 10

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sch 3 para 11

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Sch 3 para 12

In section 429 (Parliamentary control of statutory instruments), in subsection (2) (regulations subject to the affirmative resolution procedure), for “or 262” substitute “ , 262, 333C or 333R ”.

Sch 3 para 13

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sch 3 para 14

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sch 3 para 15

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sch 3 para 16

In that Schedule, in paragraph 23 (fees)—

Sch 3 para 16(a)

in sub-paragraph (1), in the opening words, after “of this Act” insert “ other than sections 333Q and 333R ”;

Sch 3 para 16(b)

in sub-paragraph (1)(a), after “functions” insert “ , other than its excepted functions, ”;

Sch 3 para 16(c)

in sub-paragraph (2)(a), after “(ca)” insert “ but not its excepted functions ”;

Sch 3 para 16(d)

after sub-paragraph (2) insert—

Sch 3 para 17

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sch 3 para 18

Sch 3 para 18(1)

For the purpose of the exercise of a function conferred by a provision listed in the first column of the table, a consultation requirement listed in the corresponding entry in the second column may be satisfied by things done before the day on which this Act is passed.

Sch 3 para 18(2)

Where before the day on which this Act is passed the Financial Conduct Authority publishes a draft of proposed standards for the giving of pensions guidance by designated guidance providers—

Sch 3 para 18(2)(a)

the consultation requirement in section 138I of FSMA may be treated as satisfied by virtue of sub-paragraph (1) even if the draft is not accompanied by—

Sch 3 para 18(2)(a)(i)

a cost benefit analysis, or

Sch 3 para 18(2)(a)(ii)

an explanation of the Financial Conduct Authority's reasons for believing that setting the proposed standards would secure an appropriate degree of protection for recipients of pensions guidance from designated guidance providers, and

Sch 3 para 18(2)(b)

if it is, any resulting standards published under section 138G(4) of FSMA must be accompanied by—

Sch 3 para 18(2)(b)(i)

a cost benefit analysis within the meaning of section 138I of that Act even if the conditions in subsection (5) of section 138I are not satisfied, and

Sch 3 para 18(2)(b)(ii)

an explanation of the Financial Conduct Authority's reasons for believing that setting the standards will secure an appropriate degree of protection for recipients of pensions guidance from designated guidance providers.

Sch 3 para 18(3)

References in sub-paragraph (2) to provisions of sections 138G and 138I of FSMA are to those provisions as applied with modifications by section 333H(6) of that Act.

Sch 3 para 18(4)

Where before the day on which this Act is passed the Financial Conduct Authority publishes a draft of proposed rules requiring information about the availability of pensions guidance to be given by the trustees or managers of a relevant pension scheme to members of the scheme, and survivors of members of the scheme, with subsisting rights in respect of any flexible benefits, the consultation requirement in section 137FB(2) of FSMA may be treated as satisfied by virtue of sub-paragraph (1) even if the only consultation before publication was with the Treasury.

Sch 3 para 18(5)

In this paragraph—“consultation requirement” includes—a requirement to publish a draft; a requirement under section 333E(2)(b) or (c) of FSMA;“FSMA” means the Financial Services and Markets Act 2000.

Sch 3 para 19

Expenses incurred by the Financial Conduct Authority before the day on which this Act is passed in anticipation of the conferral of functions on it by virtue of the amendments made by this Schedule are to be treated as if they had been incurred on or after that day.

Sch 4

Rights to transfer benefits

Sch 4

Great Britain amendments

Sch 4 para 1

In Schedule 1A to the Judicial Pensions Act 1981 (transfer of accrued benefits), in paragraph 3, for “Chapter IV of Part IV of the Pension Schemes Act 1993” substitute “ Chapter 1 of Part 4ZA of the Pension Schemes Act 1993 ”.

Sch 4 para 2

In Schedule 2 to the Judicial Pensions and Retirement Act 1993 (transfer of accrued benefits), in paragraph 3, for “Chapter IV of Part IV of the Pension Schemes Act 1993” substitute “ Chapter 1 of Part 4ZA of the Pension Schemes Act 1993 ”.

Sch 4 para 3

The Pension Schemes Act 1993 is amended as follows.

Sch 4 para 4

Sch 4 para 4(1)

Chapters 4 and 5 of Part 4 of the Act become Chapters 1 and 2 of a new Part 4ZA.

Sch 4 para 4(2)

Accordingly—

Sch 4 para 4(2)(a)

before section 93 (and before the Chapter heading above it) insert— “ PART 4ZA TRANSFERS AND CONTRIBUTION REFUNDS ”;

Sch 4 para 4(2)(b)

for the Chapter heading above section 93 substitute— “ CHAPTER 1 TRANSFER RIGHTS: GENERAL ”;

Sch 4 para 4(2)(c)

for the Chapter heading above section 101AA substitute— “ CHAPTER 2 EARLY LEAVERS: CASH TRANSFER SUMS AND CONTRIBUTION REFUNDS ”.

Sch 4 para 5

In section 24F (transfers out of GMP-converted schemes), in subsection (3), omit “guaranteed”.

Sch 4 para 6

Until the coming into force of its repeal by Schedule 13 to the Pensions Act 2014, section 56 of the Pension Schemes Act 1993 (payment of state scheme premiums on termination of certified status: supplementary) has effect as if, in subsection (4)(b), for “Chapter 5 of Part 4” there were substituted “ Chapter 2 of Part 4ZA ”.

Sch 4 para 7

In section 73 (form of short service benefit and its alternatives), in subsection (3), for “Chapter IV of this Part” substitute “ Chapter 1 of Part 4ZA ”.

Sch 4 para 8

For sections 93 to 94 substitute—

Sch 4 para 9

Sch 4 para 9(1)

Section 95 (ways of taking right to cash equivalent) is amended as follows.

Sch 4 para 9(2)

For subsection (1) substitute—

Sch 4 para 9(3)

In subsections (2)(a)(i) and (b)(i) and (3)(a)(i) and (b)(i), for “accrued rights” substitute “ transferrable rights ”.

Sch 4 para 9(4)

After subsection (6) insert—

Sch 4 para 9(5)

Omit subsections (7) and (8).

Sch 4 para 10

Sch 4 para 10(1)

Section 96 (further provisions concerning exercise of option under section 95) is amended as follows.

Sch 4 para 10(2)

For subsection (1) substitute—

Sch 4 para 10(3)

In subsection (2), in paragraphs (a) and (b), for each “accrued rights” substitute “ transferrable rights ”.

Sch 4 para 10(4)

For subsection (4) substitute—

Sch 4 para 11

Sch 4 para 11(1)

Section 97 (calculation of cash equivalents) is amended as follows.

Sch 4 para 11(2)

After subsection (1) insert—

Sch 4 para 11(3)

In subsection (2)—

Sch 4 para 11(3)(a)

in paragraph (a), in the opening words, for “except guaranteed cash equivalents” substitute “ that relate to money purchase benefits ”;

Sch 4 para 11(3)(b)

in paragraph (aa), for “, including a guaranteed cash equivalent,” substitute “ that relates to any category of benefits ”.

Sch 4 para 11(4)

In subsection (3), omit paragraph (a).

Sch 4 para 11(5)

For subsection (3A) substitute—

Sch 4 para 12

For section 98 substitute—

Sch 4 para 13

Sch 4 para 13(1)

Section 99 (trustees' duties after exercise of option) is amended as follows.

Sch 4 para 13(2)

For subsection (2) substitute—

Sch 4 para 13(3)

In subsection (3)(a) omit “at any time before the expiry of the period of 12 months beginning with the termination date”.

Sch 4 para 13(4)

Omit subsection (3A).

Sch 4 para 13(5)

After subsection (4A) insert—

Sch 4 para 14

After section 100 insert—

Sch 4 para 15

Sch 4 para 15(1)

Section 101F (power to give transfer notice) is amended as follows.

Sch 4 para 15(2)

In subsection (1), for “pension credit benefit” substitute “ pension credit rights ”.

Sch 4 para 15(3)

After subsection (3) insert—

Sch 4 para 15(4)

For subsection (4) substitute—

Sch 4 para 15(5)

For subsection (6A) substitute—

Sch 4 para 16

For section 101G (restrictions on power to give transfer notice) substitute—

Sch 4 para 17

Sch 4 para 17(1)

Section 101H (salary related schemes: statements of entitlement) is amended as follows.

Sch 4 para 17(2)

For subsection (1) substitute—

Sch 4 para 17(3)

In the heading for “Salary related schemes” substitute “ Benefits other than money purchase ”.

Sch 4 para 18

Sch 4 para 18(1)

Section 101J (time for compliance with transfer notice) is amended as follows.

Sch 4 para 18(2)

In subsection (1), for paragraphs (a) and (b) substitute—

Sch 4 para 18(3)

After subsection (2) insert—

Sch 4 para 18(4)

For subsection (7) substitute—

Sch 4 para 19

In section 101M (effect of transfer on trustees' duties), for the words from “pension credit benefit” to the end of the section substitute “ benefits to which the transfer notice relates ”.

Sch 4 para 20

After section 101N insert—

Sch 4 para 21

Sch 4 para 21(1)

Section 101P (interpretation) is amended as follows.

Sch 4 para 21(2)

In subsection (1), at the appropriate places insert—.

Sch 4 para 21(3)

In that subsection, omit the definition of “pension credit benefit”.

Sch 4 para 21(4)

Omit subsection (2).

Sch 4 para 21(5)

In subsection (3), for “given to the trustees or managers of a salary related occupational pension scheme” substitute “ in relation to benefits other than money purchase benefits ”.”

Sch 4 para 22

Omit section 101Q.

Sch 4 para 23

In section 129 (overriding requirements), in subsection (1), for “Chapters II, III, IV and V of Part IV” substitute “ Chapters 2 and 3 of Part 4, Chapters 1 and 2 of Part 4ZA ”.

Sch 4 para 24

In section 130 (extra-statutory benefits), in paragraph (b), for “Chapter II, IV or V of Part IV” substitute “ Chapter 2 of Part 4 or Chapter 1 or 2 of Part 4ZA ”.

Sch 4 para 25

In section 153 (power to modify certain provisions), in subsection (1), for “Chapters II, III and IV of Part IV” substitute “ Chapters 2 and 3 of Part 4 and Chapter 1 of Part 4ZA ”.

Sch 4 para 26

In section 179 (linked qualifying service), in subsection (1)(a)—

Sch 4 para 26(a)

in the opening words, for “Chapter 4 or 5 of Part 4” substitute “ Chapter 1 or 2 of Part 4ZA ”;

Sch 4 para 26(b)

in sub-paragraph (iii)—

Sch 4 para 26(b)(i)

for “Chapter 4 of Part 4” substitute “ Chapter 1 of Part 4ZA ”;

Sch 4 para 26(b)(ii)

for “Chapter 5” substitute “ Chapter 2 ”.

Sch 4 para 27

In section 181 (interpretation), in subsection (1), in paragraph (b) of the definition of “transfer credits”, for “Chapter 5 of Part 4” substitute “ Chapter 2 of Part 4ZA ”.

Sch 4 para 28

The Pensions Act 1995 is amended as follows.

Sch 4 para 29

In section 67A (the subsisting rights provisions: interpretation), in subsection (9)(a), for sub-paragraph (ii) substitute—.

Sch 4 para 30

In section 73 (preferential liabilities on winding up), in subsection (9), for “Chapter 5 of Part 4” substitute “ Chapter 2 of Part 4ZA ”.

Sch 4 para 31

In section 73B (sections 73 and 73A: supplementary), in subsection (7), for “Chapter 4 of Part 4” substitute “ Chapter 1 of Part 4ZA ”.

Sch 4 para 32

In section 124 (interpretation of Part 1), in subsection (1), in paragraph (b) of the definition of “transfer credits”, for “Chapter 5 of Part 4 of the Pension Schemes Act 1993 (early leavers)” substitute “ Chapter 2 of Part 4ZA of the Pension Schemes Act 1993 (transfers and contribution refunds) ”.

Sch 4 para 33

In section 135 (pensions: interpretation), in subsection (4), for “section 93(1A)” substitute “ section 100D ”.

Sch 4 para 34

The Pensions Act 2004 is amended as follows.

Sch 4 para 35

Sch 4 para 35(1)

Section 18 (pension liberation: interpretation) is amended as follows.

Sch 4 para 35(2)

In subsection (2)(a)—

Sch 4 para 35(2)(a)

after “accrued rights” insert “ or an entitlement ”;

Sch 4 para 35(2)(b)

in sub-paragraph (ii), for “the applicable rules” substitute “ the scheme rules ”.

Sch 4 para 35(3)

In subsection (3)—

Sch 4 para 35(3)(a)

for paragraph (a) substitute—;

Sch 4 para 35(3)(b)

in paragraph (b), for “Chapter 5 of Part 4” substitute “ Chapter 2 of Part 4ZA ”.

Sch 4 para 35(4)

In subsection (4)(d), for “the applicable rules” substitute “ the scheme rules ”.

Sch 4 para 35(5)

Omit subsection (5).

Sch 4 para 36

In section 23 (freezing orders), in subsection (4)(g), for “salary related schemes” substitute “ benefits other than money purchase ”.

Sch 4 para 37

In section 24 (consequences of freezing order), in subsection (7), for paragraphs (a) and (b) substitute—.

Sch 4 para 38

In section 73 (inspection of premises), in subsection (2)(d)—

Sch 4 para 38(a)

for “Chapter 4 of Part 4” substitute “ Chapter 1 of Part 4ZA ”;

Sch 4 para 38(b)

for “Chapter 5 of Part 4” substitute “ Chapter 2 of Part 4ZA ”.

Sch 4 para 39

In section 135 (restrictions on winding up, discharge of liabilities etc), in subsection (6)(b), for “Chapter 5 of Part 4” substitute “ Chapter 2 of Part 4ZA ”.

Sch 4 para 40

In section 138 (payment of scheme benefits), in subsection (3)(b), for “Chapter 5 of Part 4” substitute “ Chapter 2 of Part 4ZA ”.

Sch 4 para 41

Sch 4 para 41(1)

Section 318 (interpretation) is amended as follows.

Sch 4 para 41(2)

In subsection (2), for “an occupational pension scheme” substitute “ a pension scheme ”.

Sch 4 para 41(3)

In subsection (3)(a), for sub-paragraph (ii) substitute—.

Sch 4 para 42

Sch 4 para 42(1)

Schedule 7 (pension compensation provisions) is amended as follows.

Sch 4 para 42(2)

In paragraph 20(1)(c), for “Chapter 5 of Part 4” substitute “ Chapter 2 of Part 4ZA ”.

Sch 4 para 42(3)

In paragraph 32(1)(b), for “Chapter 5 of Part 4” substitute “ Chapter 2 of Part 4ZA ”.

Sch 4 para 43

Sch 4 para 43(1)

Schedule 1 to the Scottish Parliamentary Pensions Act 2009 (Scottish Parliamentary Pension Scheme) is amended as follows.

Sch 4 para 43(2)

In paragraph 75, in Condition 6, for “section 93A(2)” substitute “ section 93A(4) ”.

Sch 4 para 43(3)

In paragraph 91(2)(g), for “Chapter 4 of Part 4” substitute “ Chapter 1 of Part 4ZA ”.

Sch 4 para 44

The Pensions Act 2014 is amended as follows.

Sch 4 para 45

In section 34 (power to prohibit offer of incentives to transfer pension rights), in subsection (7), in the definition of “salary related occupational pension scheme”, for “section 93(1A)” substitute “ section 100D ”.

Sch 4 para 46

In Schedule 17 (automatic transfer of pension benefits etc), in paragraph 1—

Sch 4 para 46(a)

in sub-paragraph (4)(d), for “applicable rules” substitute “ scheme rules ”;

Sch 4 para 46(b)

for sub-paragraph (6) substitute—

Sch 4

Northern Ireland amendments

Sch 4 para 47

In Schedule 1A to the Judicial Pensions Act 1981 (transfer of accrued benefits), in paragraph 3, for “Chapter IV of Part IV of the Pension Schemes (Northern Ireland) Act 1993” substitute “ Chapter 1 of Part 4ZA of the Pension Schemes (Northern Ireland) Act 1993 ”.

Sch 4 para 48

In Schedule 2 to the Judicial Pensions and Retirement Act 1993 (transfer of accrued benefits), in paragraph 3, for “Chapter IV of Part IV of the Pension Schemes (Northern Ireland) Act 1993” substitute “ Chapter 1 of Part 4ZA of the Pension Schemes (Northern Ireland) Act 1993 ”.

Sch 4 para 49

The Pension Schemes (Northern Ireland) Act 1993 is amended as follows.

Sch 4 para 50

Sch 4 para 50(1)

Chapters 4 and 5 of Part 4 of the Act become Chapters 1 and 2 of a new Part 4ZA.

Sch 4 para 50(2)

Accordingly—

Sch 4 para 50(2)(a)

before section 89 (and before the Chapter heading above it) insert— “ PART 4ZA TRANSFERS AND CONTRIBUTION REFUNDS ”;

Sch 4 para 50(2)(b)

for the Chapter heading above section 89 substitute— “ CHAPTER 1 TRANSFER RIGHTS: GENERAL ”;

Sch 4 para 50(2)(c)

for the Chapter heading above section 97AA substitute— “ CHAPTER 2 EARLY LEAVERS: CASH TRANSFER SUMS AND CONTRIBUTION REFUNDS ”.

Sch 4 para 51

In section 20F (transfers out of GMP-converted schemes), in subsection (3), omit “guaranteed”.

Sch 4 para 52

In section 52 (payment of state scheme premiums on termination of certified status: supplementary), in subsection (4)(b), for “Chapter 5 of Part IV” substitute “ Chapter 2 of Part 4ZA ”.

Sch 4 para 53

In section 69 (form of short service benefit and its alternatives), in subsection (3), for “Chapter IV of this Part” substitute “ Chapter 1 of Part 4ZA ”.

Sch 4 para 54

For sections 89 to 90 substitute—

Sch 4 para 55

Sch 4 para 55(1)

Section 91 (ways of taking right to cash equivalent) is amended as follows.

Sch 4 para 55(2)

For subsection (1) substitute—

Sch 4 para 55(3)

In subsections (2)(a)(i) and (b)(i) and (3)(a)(i) and (b)(i), for “accrued rights” substitute “ transferrable rights ”.

Sch 4 para 55(4)

After subsection (6) insert—

Sch 4 para 55(5)

Omit subsections (7) and (8).

Sch 4 para 56

Sch 4 para 56(1)

Section 92 (further provisions concerning exercise of option under section 91) is amended as follows.

Sch 4 para 56(2)

For subsection (1) substitute—

Sch 4 para 56(3)

In subsection (2), in paragraphs (a) and (b), for each “accrued rights” substitute “ transferrable rights ”.

Sch 4 para 56(4)

For subsection (4) substitute—

Sch 4 para 57

Sch 4 para 57(1)

Section 93 (calculation of cash equivalents) is amended as follows.

Sch 4 para 57(2)

After subsection (1) insert—

Sch 4 para 57(3)

In subsection (2)—

Sch 4 para 57(3)(a)

in paragraph (a), in the opening words, for “except guaranteed cash equivalents (as defined in section 90(1A))” substitute “ that relate to money purchase benefits ”;

Sch 4 para 57(3)(b)

in paragraph (aa), for “, including a guaranteed cash equivalent,” substitute “ that relates to any category of benefits ”.

Sch 4 para 57(4)

In subsection (3), omit paragraph (a).

Sch 4 para 57(5)

For subsection (3A) substitute—

Sch 4 para 58

For section 94 substitute—

Sch 4 para 59

Sch 4 para 59(1)

Section 95 (trustees' duties after exercise of option) is amended as follows.

Sch 4 para 59(2)

For subsection (2) substitute—

Sch 4 para 59(3)

In subsection (3)(a) omit “at any time before the expiry of the period of 12 months beginning with the termination date”.

Sch 4 para 59(4)

Omit subsection (3A).

Sch 4 para 59(5)

After subsection (4A) insert—

Sch 4 para 60

After section 96 insert—

Sch 4 para 61

Sch 4 para 61(1)

Section 97F (power to give transfer notice) is amended as follows.

Sch 4 para 61(2)

In subsection (1), for “pension credit benefit” substitute “ pension credit rights ”.

Sch 4 para 61(3)

After subsection (3) insert—

Sch 4 para 61(4)

For subsection (4) substitute—

Sch 4 para 61(5)

For subsection (6A) substitute—

Sch 4 para 62

For section 97G (restrictions on power to give transfer notice) substitute—

Sch 4 para 63

Sch 4 para 63(1)

Section 97H (salary related schemes: statements of entitlement) is amended as follows.

Sch 4 para 63(2)

For subsection (1) substitute—

Sch 4 para 63(3)

In the heading for “Salary related schemes” substitute “ Benefits other than money purchase ”.

Sch 4 para 64

Sch 4 para 64(1)

Section 97J (time for compliance with transfer notice) is amended as follows.

Sch 4 para 64(2)

In subsection (1), for paragraphs (a) and (b) substitute—

Sch 4 para 64(3)

After subsection (2) insert—

Sch 4 para 64(4)

For subsection (7) substitute—

Sch 4 para 65

In section 97M (effect of transfer on trustees' duties), for the words from “pension credit benefit” to the end of the section substitute “ benefits to which the transfer notice relates ”.

Sch 4 para 66

After section 97N insert—

Sch 4 para 67

Sch 4 para 67(1)

Section 97P (interpretation) is amended as follows.

Sch 4 para 67(2)

In subsection (1), at the appropriate places insert—.

Sch 4 para 67(3)

In that subsection, omit the definition of “pension credit benefit”.

Sch 4 para 67(4)

Omit subsection (2).

Sch 4 para 67(5)

In subsection (3), for “given to the trustees or managers of a salary related occupational pension scheme” substitute “ in relation to benefits other than money purchase benefits ”.”

Sch 4 para 68

Omit section 97Q.

Sch 4 para 69

In section 125 (overriding requirements), in subsection (1), for “Chapters II, III, IV and V of Part IV” substitute “ Chapters 2 and 3 of Part 4, Chapters 1 and 2 of Part 4ZA ”.

Sch 4 para 70

In section 126 (extra-statutory benefits), in paragraph (b), for “Chapter II, IV or V of Part IV” substitute “ Chapter 2 of Part 4 or Chapter 1 or 2 of Part 4ZA ”.

Sch 4 para 71

In section 149 (power to modify certain provisions), in subsection (1), for “Chapters II, III and IV of Part IV” substitute “ Chapters 2 and 3 of Part 4 and Chapter 1 of Part 4ZA ”.

Sch 4 para 72

In section 174 (linked qualifying service), in subsection (1)(a)—

Sch 4 para 72(a)

in the opening words, for “Chapter 4 or 5 of Part IV” substitute “ Chapter 1 or 2 of Part 4ZA ”;

Sch 4 para 72(b)

in sub-paragraph (iii)—

Sch 4 para 72(b)(i)

for “Chapter 4 of Part IV” substitute “ Chapter 1 of Part 4ZA ”;

Sch 4 para 72(b)(ii)

for “Chapter 5” substitute “ Chapter 2 ”.

Sch 4 para 73

In section 176 (interpretation), in subsection (1), in paragraph (b) of the definition of “transfer credits”, for “Chapter 5 of Part IV” substitute “ Chapter 2 of Part 4ZA ”.

Sch 4 para 74

The Pensions (Northern Ireland) Order 1995 is amended as follows.

Sch 4 para 75

In Article 67A (the subsisting rights provisions: interpretation), in paragraph (9)(a), for head (ii) substitute—.

Sch 4 para 76

In Article 73 (preferential liabilities on winding up), in paragraph (9), for “Chapter 5 of Part IV” substitute “ Chapter 2 of Part 4ZA ”.

Sch 4 para 77

In Article 73B (Article 73 and 73A: supplementary), in paragraph (7), for “Chapter 4 of Part IV” substitute “ Chapter 1 of Part 4ZA ”.

Sch 4 para 78

In Article 121 (interpretation of Part 2), in paragraph (1), in paragraph (b) of the definition of “transfer credits”, for “Chapter 5 of Part IV of the Pension Schemes Act (early leavers)” substitute “ Chapter 2 of Part 4ZA of the Pension Schemes Act (transfers and contribution refunds) ”.

Sch 4 para 79

The Pensions (Northern Ireland) Order 2005 is amended as follows.

Sch 4 para 80

Sch 4 para 80(1)

Article 2 (interpretation) is amended as follows.

Sch 4 para 80(2)

In paragraph (3), for “an occupational pension scheme” substitute “ a pension scheme ”.

Sch 4 para 80(3)

In paragraph (4)(a), for head (ii) substitute—.

Sch 4 para 81

Sch 4 para 81(1)

Article 14 (pension liberation: interpretation) is amended as follows.

Sch 4 para 81(2)

In paragraph (2)(a)—

Sch 4 para 81(2)(a)

after “accrued rights” insert “ or an entitlement ”;

Sch 4 para 81(2)(b)

in head (ii), for “the applicable rules” substitute “ the scheme rules ”.

Sch 4 para 81(3)

In paragraph (3)—

Sch 4 para 81(3)(a)

for sub-paragraph (a) substitute—;

Sch 4 para 81(3)(b)

in sub-paragraph (b), for “Chapter 5 of Part IV” substitute “ Chapter 2 of Part 4ZA ”.

Sch 4 para 81(4)

In paragraph (4)(d), for “the applicable rules” substitute “ the scheme rules ”.

Sch 4 para 81(5)

Omit paragraph (5).

Sch 4 para 82

In Article 19 (freezing orders), in paragraph (4)(g), for “salary related schemes” substitute “ benefits other than money purchase ”.

Sch 4 para 83

In Article 20 (consequences of freezing order), in paragraph (7), for sub-paragraphs (a) and (b) substitute—.

Sch 4 para 84

In Article 68 (inspection of premises), in paragraph (2)(d)—

Sch 4 para 84(a)

for “Chapter 4 of Part IV” substitute “ Chapter 1 of Part 4ZA ”;

Sch 4 para 84(b)

for “Chapter 5 of Part IV” substitute “ Chapter 2 of Part 4ZA ”.

Sch 4 para 85

In Article 119 (restrictions on winding up, discharge of liabilities etc.), in paragraph (6)(b), for “Chapter 5 of Part IV” substitute “ Chapter 2 of Part 4ZA ”.

Sch 4 para 86

In Article 122 (payment of scheme benefits), in paragraph (3)(b), for “Chapter 5 of Part IV” substitute “ Chapter 2 of Part 4ZA ”.

Sch 4 para 87

Sch 4 para 87(1)

Schedule 6 (pension compensation provisions) is amended as follows.

Sch 4 para 87(2)

In paragraph 20(1)(c), for “Chapter 5 of Part IV” substitute “ Chapter 2 of Part 4ZA ”.

Sch 4 para 87(3)

In paragraph 32(1)(b), for “Chapter 5 of Part IV” substitute “ Chapter 2 of Part 4ZA ”.

Sch 5

Pension scheme for fee-paid judges: consequential amendments

Sch 5 para 1

The Pensions (Increase) Act 1971 is amended as follows.

Sch 5 para 2

In section 19(2)(a) (extent to Northern Ireland)—

Sch 5 para 2(a)

after “or section” insert “ 18A or ”;

Sch 5 para 2(b)

after “section 10 of that Act” insert “ or provision made under section 18A of that Act that is corresponding or similar to the provision that may be made by regulations under section 10 of that Act ”.

Sch 5 para 3

In Schedule 2 (official pensions), after paragraph 4A insert—

Sch 5 para 4

The Judicial Pensions and Retirement Act 1993 is amended as follows.

Sch 5 para 5

In section 22 (application of the Pensions (Increase) Act 1971 to Northern Ireland), in subsection (2)—

Sch 5 para 5(a)

after “shall include” insert;

Sch 5 para 5(b)

at the end insert

Sch 5 para 6

Sch 5 para 6(1)

Section 28 (funding arrangements) is amended as follows.

Sch 5 para 6(2)

In subsection (2) (benefits payable out of money provided by Parliament), after paragraph (a) (but before the “and” at the end) insert—.

Sch 5 para 6(3)

In subsection (7), for “section 10 above” substitute

Sch 5 para 7

In section 28A (contributions in respect of Northern Ireland judges), at the end insert “ or as a fee-paid judge in Northern Ireland (within the meaning given by section 18A) ”.

Sch 5 para 8

Sch 5 para 8(1)

Section 29 (regulations and orders) is amended as follows.

Sch 5 para 8(2)

In subsection (2), after “other than” insert “ regulations under section 18A above or ”.

Sch 5 para 8(3)

After subsection (2) insert—

Introduction and nature of collective benefits

Contributions

Investment

Valuation

Dealing with deficits and surpluses

Cash equivalents

Winding up

Identifying assets

Regulations under Part 2: general

Interpretation of Part 2

Administration and governance

Early leavers

Indexation

Independent trustees

Rules about modification of schemes

Other amendments

Great Britain

Northern Ireland

Income tax exemption

Great Britain

Northern Ireland

Rights to transfer benefits

Great Britain

Northern Ireland

Remploy

Judicial and public service pensions

Marriage of same sex couples

Pension sharing

Pension Schemes Act 1993 (c. 48)

Pensions Act 1995 (c. 26)

Welfare Reform and Pensions Act 1999 (c. 30)

Financial Services and Markets Act 2000 (c. 8)

Pensions Act 2004 (c. 35)

Pensions Act 2008 (c. 30)

Pensions Act 2014 (c. 19)

Judicial Pensions Act 1981 (c. 20)

Judicial Pensions and Retirement Act 1993 (c. 8)

Pension Schemes Act 1993 (c. 48)

Pensions Act 1995 (c. 26)

Learning and Skills Act 2000 (c. 21)

Pensions Act 2004 (c. 35)

Scottish Parliamentary Pensions Act 2009 (asp 1)

Pensions Act 2014 (c. 19)

Judicial Pensions Act 1981 (c. 20)

Judicial Pensions and Retirement Act 1993 (c. 8)

Pension Schemes (Northern Ireland) Act 1993 (c. 49)

Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22))

Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1))

Pensions (Increase) Act 1971 (c. 56)

Judicial Pensions and Retirement Act 1993 (c. 8)