Source: http://www.legislation.gov.uk/ukpga/2004/35/part/2/chapter/4
Timestamp: 2016-07-29 16:45:57
Document Index: 787386738

Matched Legal Cases: ['art. 7', 'art. 3', 'art. 3', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 8', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 7', 'art. 2', 'art. 3', 'art. 83', 'art. 2', 'art. 2', 'art. 2', 'art. 4', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 3', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2']

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Chapter 4Table of ContentsContentExplanatory NotesMore ResourcesPrevious: ChapterNext: ChapterPlain ViewPrint OptionsWhat VersionLatest available (Revised)Original (As enacted)Advanced FeaturesShow Geographical Extent(e.g. England, Wales, Scotland, Northern Ireland)Show Timeline of ChangesOpening OptionsOpen whole ActOpen Act without schedulesOpen Schedules onlyMore ResourcesOriginal Print PDFRevised Version 31/5/2016Revised Version 30/11/2015Revised Version 31/8/2015Revised Version 31/5/2015Revised Version 30/11/2014View moreStatus:This version of this chapter contains provisions that are prospective.StatusThe term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section. A version of a provision is prospective either:where the provision (Part, Chapter or section) has never come into force or;where the text of the provision is subject to change, but no date has yet been appointed by the appropriate person or body for those changes to come into force.Commencement Orders listed in the ‘Changes to Legislation’ box as not yet applied may bring this prospective version into force.Changes to legislation:There are outstanding changes not yet made by the legislation.gov.uk editorial team to Pensions Act 2004. Any changes that have already been made by the team appear in the content and are referenced with annotations.Changes to LegislationRevised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.Changes and effects yet to be applied to :Changes and effectsThis section lists the changes and effects yet to be applied to the specific provision you are viewing.specified provision(s) amendment to earlier commencing SI 2005/275 Sch. Pt. 7 by S.I. 2005/695 art. 7Changes and effects yet to be applied to the whole Act associated Parts and Chapters:Changes and effectsThis section lists the changes and effects yet to be applied to the whole Act, associated Parts and Chapters where applicable. This includes any insertions of whole new Parts, Chapters or provisions yet to be inserted into this Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing.Act applied (with modifications) by S.I. 2011/245 Sch. 6 Pt. 1Act modified by S.I. 2008/576 Sch. 4 para. 5Act modified by S.I. 2009/317 art. 3 Sch.Act power to modify conferred by 2008 c. 30 s. 146(2)(e)Act power to modify conferred by 2014 c. 19 s. 45(1)Blanket Amendment words substituted by 2005 c. 4 Sch. 11 para. 5Blanket amendment words substituted by S.I. 2011/1043 art. 3 6Whole provisions yet to be inserted into this Act (including any effects on those provisions):s. 213(1)-(3)(4)(a)-(d)(f)(5)(a)-(d)(f) coming into force by S.I. 2005/1720 art. 2(4) (Section 213, except subsections (4)(e) and (5)(e), for the purpose only of conferring power to make regulations, comes into force on 1st July 2005; and for all other purposes, the day after the day on which the first regulations under that section are made. The Pension Protection Fund (Reference of Reviewable Matters to the PPF Ombudsman) Regulations 2005 (S.I. 2005/2024) were made on 20.7.2005)s. 172(2)-(4)(5)(a)-(c)(6) coming into force by S.I. 2005/1720 art. 2(16) Sch. Pt. 3s. 19(1)-(6)(8)-(10) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7s. 21(1)-(3)(5)-(7) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7s. 24(1)-(6)(7)(b)(8)-(10) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7s. 38(1)(a)(2)(3)(5)(6)(7)(a)-(f)(8)-(11) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7s. 43(1)(a)(2)(3)(a)(b)(4)-(6)(7)(a)-(d)(8)(10)(11) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7s. 93(1)(2)(a)-(p)(3)-(5) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7s. 97(1)-(4)(5)(a)-(t)(v) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7s. 134(1)(2)(a)-(c)(4)-(6) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7s. 135(1)-(3)(5)-(11) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7s. 147(1)(b)-(d)(2)-(4)(6) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7s. 152(1)-(3)(5)-(7)(9)-(12) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7s. 41(1)-(9)(10)(a)-(e)(11)(12) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7s. 47(1)-(3)(4)(a)-(f)(5) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7s. 50(1)-(9)(10)(a)-(e)(11) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7s. 90(1)(2)(a)-(j)(3)-(7) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7s. 96(1)-(5)(6)(a)-(t)(v) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7s. 101(1)(2)(a)-(c)(3)-(5) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7s. 173(1)(c)-(e)(g)-(i)(3)(b)-(d)(h)(i) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7s. 5(1)(cza) inserted by 2014 c. 19 s. 48s. 5(1)(ca) inserted by 2008 c. 30 s. 65s. 10(6)(ea) inserted by 2014 c. 19 Sch. 19 para. 6s. 11(3)(d) inserted by 2013 c. 25 Sch. 4 para. 2s. 13(7)(e) inserted by 2013 c. 25 Sch. 4 para. 3(3)(b)s. 13(7)(e) word omitted by 2015 c. 8 Sch. 2 para. 24(a)s. 13(7)(f) (and word) inserted by S.I. 2015/879 reg. 25(b)s. 13(7)(g) inserted by 2015 c. 8 Sch. 2 para. 24(b)s. 14A inserted by 2013 c. 25 Sch. 4 para. 4s. 18(5A) inserted by 2014 c. 19 s. 52(2)s. 18(6) words inserted by 2014 c. 19 s. 52(3)s. 18(8) words inserted by 2014 c. 19 s. 52(3)s. 23(1A) inserted by 2015 c. 8 Sch. 2 para. 26(3)s. 23(10A) inserted by 2015 c. 8 Sch. 2 para. 26(5)s. 38(1)-(1B) substituted for s. 38(1) by 2015 c. 8 Sch. 2 para. 27s. 38(7)(ea) (eb) inserted by 2008 c. 30 Sch. 9 para. 7(3)(b)s. 38(7A) inserted by 2008 c. 30 Sch. 9 para. 7(4)s. 38(12) (13) inserted by 2008 c. 30 Sch. 9 para. 8(1)s. 38(14) inserted by 2011 c. 19 s. 26(3)s. 38A 38B inserted by 2008 c. 30 Sch. 9 para. 2(2)s. 39(4A) inserted by 2008 c. 30 Sch. 9 para. 8(2)(b)s. 39A 39B inserted by 2008 c. 30 Sch. 9 para. 9s. 43(1)-(1B) substituted for s. 43(1) by 2015 c. 8 Sch. 2 para. 28(2)s. 43(12) inserted by 2011 c. 19 s. 26(6)s. 43A 43B inserted by 2008 c. 30 Sch. 9 para. 10s. 44(3A) (3B) inserted by 2008 c. 30 Sch. 9 para. 14(2)s. 52(1)-(1B) substituted for s. 52(1) by 2015 c. 8 Sch. 2 para. 29s. 63(3A) inserted by 2014 c. 19 s. 49(2)s. 63(4A) inserted by 2014 c. 19 s. 49(3)s. 70(1)(aa) inserted by 2013 c. 25 Sch. 4 para. 6(a)s. 70A and cross-heading inserted by 2013 c. 25 Sch. 4 para. 7s. 71(1)(ba) inserted by 2013 c. 25 Sch. 4 para. 8(2)(b)s. 72(1A) (1B) inserted by 2008 c. 30 s. 61(2)s. 72(1A) words substituted by 2014 c. 19 s. 41(2)s. 72(2)(aa) inserted by 2013 c. 25 Sch. 4 para. 9s. 73(2)(da) inserted by 2013 c. 25 Sch. 4 para. 10(a)s. 74(A1)-(D1) inserted by 2008 c. 30 s. 61(3)s. 80(1)(a)(v) and word inserted by 2008 c. 30 s. 48(a)s. 82(6) (7) inserted by 2008 c. 30 s. 64(2)s. 84(4) inserted by 2008 c. 30 s. 83s. 89(4) inserted by 2013 c. 25 Sch. 4 para. 11s. 89A inserted by 2013 c. 25 Sch. 4 para. 12s. 90(2)(aa) inserted by 2008 c. 30 Sch. 9 para. 3s. 90(8) inserted by 2013 c. 25 Sch. 4 para. 13(4)s. 90A inserted by 2013 c. 25 Sch. 4 para. 14s. 93(2)(ba) inserted by 2013 c. 25 Sch. 4 para. 17s. 96(1A) (1B) inserted by 2008 c. 30 Sch. 9 para. 4s. 96(6)(ia) inserted by 2014 c. 19 Sch. 19 para. 8s. 96(6A) (6B) inserted by 2011 c. 19 s. 26(7)s. 96(7) inserted by S.I. 2010/22 Sch. 2 para. 75(c)s. 97(5)(ja) inserted by 2014 c. 19 Sch. 19 para. 9s. 97(5)(ta) inserted by 2007 c. 22 s. 14(6)s. 99(13) inserted by S.I. 2010/22 Sch. 2 para. 76(c)s. 102(2)(a) words in s. 102(2) renumbered as s. 102(2)(a) by 2008 c. 30 s. 44(5)(a)s. 102(2)(b) inserted by 2008 c. 30 s. 44(5)(b)s. 102A inserted by S.I. 2010/22 Sch. 2 para. 79s. 103 heading words substituted by S.I. 2010/22 Sch. 2 para. 80(a)s. 103(1A) inserted by 2008 c. 30 s. 44(6)s. 103(2A) inserted by S.I. 2010/22 Sch. 2 para. 80(c)s. 117A inserted by 2008 c. 30 Sch. 10 para. 3s. 126(1)-(1B) substituted for s. 126(1) by 2015 c. 8 Sch. 2 para. 31s. 135(4)(za) inserted by 2015 c. 8 s. 58(3)s. 138(2A) inserted by 2015 c. 8 s. 59(3)s. 138(9A)(9B) inserted by 2015 c. 8 s. 59(10)s. 143(2)(2A) substituted for s. 143(2) by 2011 c. 19 Sch. 4 para. 5(2)s. 143(5A)(5B) inserted by S.I. 2005/705 reg. 2(2)s. 143(5B) words substituted by 2011 c. 19 Sch. 4 para. 5(5)s. 143(5C) inserted by 2011 c. 19 Sch. 4 para. 5(6)s. 143A inserted by 2011 c. 19 Sch. 4 para. 6s. 152(1A) inserted by 2011 c. 19 Sch. 4 para. 15(2)s. 152(2A) (2B) inserted by 2011 c. 19 Sch. 4 para. 15(3)s. 152(10A)-(10D) inserted by 2011 c. 19 Sch. 4 para. 15(9)s. 158(3)(3A) substituted for s. 158(3) by 2011 c. 19 Sch. 4 para. 11(2)s. 158(5)(aa) inserted by 2011 c. 19 Sch. 4 para. 11(4)(c)s. 158(6)(aa) inserted by 2011 c. 19 Sch. 4 para. 11(5)(c)s. 168A and cross-heading inserted by 2008 c. 30 s. 121s. 173(1)(ba) inserted by 2008 c. 30 Sch. 10 para. 4s. 181A inserted by 2008 c. 30 Sch. 10 para. 5s. 188(1)(ba) inserted by 2008 c. 30 Sch. 10 para. 6s. 189A inserted by 2008 c. 30 Sch. 10 para. 7s. 209(9) added by 2008 c. 30 Sch. 10 para. 8s. 212A inserted by S.I. 2008/817 art. 8s. 231(1)(za) inserted by 2008 c. 30 s. 132s. 231A inserted by S.I. 2006/1733 art. 2(1)s. 248A inserted by 2013 c. 25 Sch. 4 para. 19s. 249A inserted by S.I. 2005/3379 reg. 2s. 249A(a) words substituted by 2013 c. 25 Sch. 4 para. 20(b)s. 249A(3)(c) words substituted by 2010 c. 25 Sch. 6 para. 46s. 249A(3)(d) inserted by S.I. 2009/1682 Sch. para. 2s. 249A(3)(za) inserted by 2013 c. 25 Sch. 4 para. 20(a)s. 249B inserted by 2013 c. 25 Sch. 4 para. 21s. 251(2A) inserted by 2011 c. 19 s. 25(3)s. 251(6)(aa) inserted by 2011 c. 19 s. 25(5)(a)s. 251(6A) inserted by 2011 c. 19 s. 25(6)s. 254(3)(e) inserted by 2015 c. 8 Sch. 2 para. 33(b)s. 272(1)-(4) coming into force by S.I. 2005/275 art. 2(3) Sch. Pt. 3s. 272(5)-(14) coming into force by S.I. 2005/695 art. 2(2)s. 272(13)(14) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7 (The words “section 272(13) and (14)” in Sch. Pt. 7 were omitted (14.3.2005) by virtue of S.I. 2005/695, art. 7)s. 286(1A) (1B) inserted by 2007 c. 22 s. 18(2)s. 286(1C) inserted by 2011 c. 19 s. 23(1)s. 286A inserted by 2008 c. 30 s. 125(1)s. 291(4)(e) inserted by 2015 c. 8 Sch. 2 para. 36(b)s. 292A inserted by 2011 c. 19 s. 18s. 292A repealed by 2014 c. 19 s. 38(3)(a)s. 306(2)(da) inserted by 2008 c. 30 Sch. 9 para. 11(a)s. 306(2)(ea) inserted by 2008 c. 30 Sch. 9 para. 11(b)s. 307(2)(ba) inserted by 2011 c. 19 s. 31(2)s. 310(4)(o) inserted by S.I. 2010/22 Sch. 2 para. 84s. 316(2)(na) inserted by 2008 c. 30 s. 125(3)s. 316(2)(za) inserted by 2008 c. 30 Sch. 9 para. 5s. 316(2)(zb) inserted by 2008 c. 30 Sch. 9 para. 12s. 316(2A) inserted by 2008 c. 30 s. 124(10)s. 318(3)(a)(ii)(iia) substituted for s. 318(3)(a)(ii) by 2015 c. 8 Sch. 4 para. 41(3)s. 318(3)(a)(viii)-(x) inserted by 2015 c. 8 Sch. 2 para. 38(3)(a)s. 318(3)(a)(xi)(xii) inserted by 2015 c. 8 s. 60(3)(a)s. 318(3)(b)(vi)-(viii) inserted by 2015 c. 8 Sch. 2 para. 38(3)(b)s. 318(3)(b)(ix)(x) inserted by 2015 c. 8 s. 60(3)(b)s. 318(6) inserted by 2013 c. 25 Sch. 4 para. 22(5)Sch. 1 para. 21(1) Sch. 1 para. 21 renumbered as Sch. 1 para. 21(1) by 2008 c. 30 s. 133(2)Sch. 1 para. 21(2) inserted by 2008 c. 30 s. 133(4)Sch. 1 para. 21(1)(e) substituted by 2008 c. 30 s. 133(3)Sch. 2 para. 3A added by 2007 c. 22 s. 14(7)Sch. 2 Pt. 5 added by S.I. 2006/349 reg. 20Sch. 2 para. 30A inserted by 2008 c. 30 Sch. 9 para. 13(a)Sch. 2 para. 33A inserted by 2008 c. 30 Sch. 9 para. 13(b)Sch. 2 para. 5A inserted by 2014 c. 19 Sch. 19 para. 10(2)Sch. 2 para. 13A inserted by S.I. 2005/703 reg. 5Sch. 4 para. 8(1) Sch. 4 para. 8 renumbered as Sch. 4 para. 8(1) by S.I. 2006/1016 Sch. 1 para. 27(2)Sch. 4 para. 7(5)(b) inserted by 2008 c. 30 s. 44(8)(b)Sch. 4 para. 13(3) inserted by 2008 c. 30 s. 44(9)(b)Sch. 4 para. 2(9) inserted by S.I. 2006/1016 Sch. 1 para. 26Sch. 4 para. 8(2)(3)(4) inserted by S.I. 2006/1016 Sch. 1 para. 27(3)Sch. 4 para. 22 and cross-heading inserted by S.I. 2006/1016 Sch. 1 para. 28Sch. 4 para. 7(5)(a) words in Sch. 4 para. 7(5) renumbered as Sch. 4 para. 7(5)(a) by 2008 c. 30 s. 44(8)(a)Sch. 5 para. 18(2)(da) inserted by 2008 c. 30 s. 123(3)Sch. 5 para. 18(2)(ga)-(gd) inserted by 2008 c. 30 s. 123(4)Sch. 5 para. 22(1)-(3)(5)-(7) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7Sch. 7 para. 33(1) Sch. 7 para. 33 renumbered as Sch. 7 para. 33(1) by 2008 c. 30 Sch. 8 para. 15Sch. 7 para. 33(2)-(6) added by 2008 c. 30 Sch. 8 para. 15Sch. 7 para. 12(3A) inserted by 2008 c. 30 Sch. 2 para. 5(3)Sch. 7 para. 17(3A) inserted by 2008 c. 30 Sch. 2 para. 6(3)Sch. 7 para. 13(3A) inserted by 2008 c. 30 Sch. 8 para. 5Sch. 7 para. 18(3A) inserted by 2008 c. 30 Sch. 8 para. 8Sch. 7 para. 25A and cross-heading inserted by 2008 c. 30 Sch. 8 para. 13Sch. 7 para. 25B-25F and cross-headings inserted by 2008 c. 30 Sch. 8 para. 14Sch. 7 para. 28(3A) (3B) inserted by 2011 c. 19 s. 20(3)Sch. 7 para. 5(3)(aa) inserted by 2011 c. 19 Sch. 4 para. 23(1)(b)Sch. 7 para. 8(3)(aa) inserted by 2011 c. 19 Sch. 4 para. 23(3)(b)Sch. 7 para. 10(2)(c) and word inserted by 2011 c. 19 Sch. 4 para. 23(4)(b)Sch. 7 para. 11(3)(aa) inserted by 2011 c. 19 Sch. 4 para. 23(5)(b)Sch. 7 para. 15(3)(aa) inserted by 2011 c. 19 Sch. 4 para. 23(7)(b)Sch. 7 para. 6(3A) inserted by 2011 c. 19 Sch. 4 para. 24(1)(b)Sch. 7 para. 9(3A) inserted by 2011 c. 19 Sch. 4 para. 24(2)(b)Sch. 7 para. 13(3ZA) inserted by 2011 c. 19 Sch. 4 para. 24(3)(c)Sch. 7 para. 18(3ZA) inserted by 2011 c. 19 Sch. 4 para. 24(4)(c)Sch. 7 para. 25B(5) (6) inserted by 2011 c. 19 Sch. 4 para. 26(1)(b)Sch. 7 para. 25E(7) inserted by 2011 c. 19 Sch. 4 para. 26(2)Sch. 7 para. 28(5)(c) (d) inserted by 2011 c. 19 Sch. 4 para. 27(3)(c)Sch. 7 para. 28(5A) (5B) inserted by 2011 c. 19 Sch. 4 para. 27(4)Sch. 7 para. 29(6A) inserted by 2011 c. 19 Sch. 4 para. 28(1)Sch. 7 para. 30(6A) inserted by 2011 c. 19 Sch. 4 para. 28(2)Sch. 7 para. 26(2)(b)(zi) inserted by 2014 c. 19 s. 51(4)(a)Sch. 7 para. 26(2)(c) and word inserted by 2014 c. 19 s. 51(5)Sch. 7 para. 26A inserted by 2014 c. 19 Sch. 20 para. 3Sch. 7 para. 23A and cross-heading inserted by S.I. 2005/705 reg. 3Sch. 7 para. 26A(7) modified by 2014 c. 19 Sch. 20 para. 8(1)-(4)Sch. 7 para. 26A(7) modified by 2014 c. 19 Sch. 20 para. 12Sch. 7 para. 25A and cross-heading substituted by 2011 c. 19 Sch. 4 para. 22Sch. 7 para. 21 21A substituted for Sch. 7 para. 21 by 2011 c. 19 Sch. 4 para. 19(2)Sch. 7 para. 21(2)(c)-(cc) substituted for Sch. 7 para. 21(2)(b)(c) by 2008 c. 30 Sch. 8 para. 11 (This amendment not applied to legislation.gov.uk. Sch. 8 para. 10 (3.1.2012) omitted without ever being in force by virtue of 2011 c. 19, Sch. 4 para. 20; S.I. 2011/3034 art. 3(i)(iv))Sch. 7 para. 35(3) (3A) substituted for Sch. 7 para. 35(3) by 2011 c. 19 Sch. 4 para. 37(4)(a)Sch. 7 para. 25B(4) words inserted by 2011 c. 19 Sch. 4 para. 19(3)(c)Sch. 7 para. 25B(4)(a) words omitted by 2011 c. 19 Sch. 4 para. 26(1)(a)(i)Sch. 7 para. 25B(4)(b) words omitted by 2011 c. 19 Sch. 4 para. 26(1)(a)(ii)Sch. 9 para. 14A-14C inserted by 2011 c. 19 Sch. 4 para. 13(3)Sch. 9 para. 3A inserted by S.I. 2005/600 reg. 4(a)Sch. 9 para. 17A inserted by S.I. 2005/600 reg. 4(b)Sch. 9 para. 3B inserted by S.I. 2006/685 reg. 2(a)Sch. 9 para. 16A 16B inserted by S.I. 2006/685 reg. 2(b)Sch. 9 para. 17B inserted by S.I. 2006/685 reg. 2(c)Sch. 9 para. 19A inserted by S.I. 2007/771 reg. 8Sch. 9 para. 19B inserted by S.I. 2010/560 reg. 2Sch. 9 para. 16C-16F inserted by S.I. 2011/731 reg. 35Sch. 9 para. 16G-16I inserted by S.I. 2014/1954 reg. 4Sch. 9 para. 7B-7D substituted for Sch. 9 para. 8 by 2011 c. 19 Sch. 4 para. 13(2)Sch. 10 para. 4 excluded by SI 2005/255 (N.I. 1) art. 83(5) (as substituted) by 2008 c. 13 (N.I.) s. 61(1)Sch. 10 para. 4 and cross-heading inserted by 2008 c. 30 s. 63(1)Sch. 12 para. 24(a)(c) coming into force by S.I. 2005/275 art. 2(7) Sch. Pt. 7Sch. 12 para. 62(a)(b) coming into force by S.I. 2006/560 art. 2(3) Sch. Pt. 3Commencement Orders yet to be applied to the Pensions Act 2004Commencement OrdersThis section lists the commencement orders yet to be applied to the whole Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing. Where applicable the commencement orders are listed under two headings, firstly those that bring some part of the Act you are viewing into force and secondly, those that bring into force legislation that affects some part of the legislation you are viewing. If you are viewing a prospective version or there is a prospective version available there may be commencement orders listed here that are relevant to the provision you are viewing.Commencement Orders bringing provisions within this Act into force:S.I. 2009/1583 art. 2 amendment to earlier commencing SI 2005/1720 art. 4(8)Commencement Orders bringing legislation that affects this Act into force:S.I. 2007/309 art. 2 3 Sch. commences (2006 c. 50)S.I. 2007/3063 art. 2 commences (2007 c. 22)S.I. 2007/3512 art. 2 commences (2007 c. 22)S.I. 2008/839 art. 2 commences (2007 c. 18)S.I. 2008/1653 art. 2 commences (2007 c. 15)S.I. 2008/2860 art. 3 4 Sch. 1 commences (2006 c. 46)S.I. 2008/3241 art. 2 commences (2008 c. 30)S.I. 2009/82 art. 2 commences (2008 c. 30)S.I. 2009/406 art. 2 commences (2007 c. 22)S.I. 2009/809 art. 2 commences (2008 c. 30)S.I. 2009/1566 art. 2 commences (2008 c. 30)S.I. 2009/1604 art. 2 commences (2005 c. 4)S.I. 2009/3250 art. 2 commences (2007 c. 29)S.I. 2010/10 art. 2(a) commences (2008 c. 30)S.I. 2010/467 art. 2 commences (2008 c. 30)S.I. 2010/1145 art. 2 commences (2008 c. 30)S.I. 2011/664 art. 2 commences (2008 c. 30)S.I. 2011/1267 art. 2 3 commences (2007 c. 22)S.I. 2011/2485 art. 2 commences (2010 c. 25)S.I. 2011/3034 art. 2-4 commences (2011 c. 19)S.R. 2005/48 art. 2 commences (S.I. 2005/255 (N.I.))S.R. 2009/22 art. 2 commences (2008 c. 13 (N.I.))S.R. 2009/249 art. 2 commences (2008 c. 13 (N.I.))S.R. 2010/101 art. 2 commences (2010 c. 4)ProspectiveChapter 4E+W+S+N.I.Fraud compensationEntitlement to fraud compensationE+W+S182Cases where fraud compensation payments can be madeE+W+S(1)The Board shall, in accordance with this section, make one or more payments (in this Part referred to as “fraud compensation payments”) in respect of an occupational pension scheme if—
(a)the scheme is not a prescribed scheme or a scheme of a prescribed description,
(b)the value of the assets of the scheme has been reduced since the relevant date and the Board considers that there are reasonable grounds for believing that the reduction was attributable to an act or omission constituting a prescribed offence,
(c)subsection (2), (3) or (4) applies,
(d)an application is made which meets the requirements of subsection (5), and
(e)the application is made within the authorised period.
(a)a qualifying insolvency event has occurred in relation to the employer in relation to the scheme,
(b)after that event, a scheme failure notice has been issued under section 122(2)(a) in relation to the scheme and that notice has become binding, and
(c)a cessation event has not occurred in relation to the scheme in respect of a cessation notice which has been issued during the period—
(i)beginning with the occurrence of the insolvency event, and
(ii)ending immediately before the issuing of the scheme failure notice under section 122(2)(a),
and the occurrence of such a cessation event in respect of a cessation notice issued during that period is not a possibility.
(a)in relation to the scheme, an application has been made under subsection (1), or a notification has been given under subsection (5)(a), of section 129, and
(b)in response to that application, or the notice given by the Regulator under subsection (4) of that section, the Board has issued a scheme failure notice under section 130(2) in relation to the scheme and that notice has become binding.
(a)the scheme is not an eligible scheme,
(b)the employer in relation to the scheme is unlikely to continue as a going concern,
(c)the prescribed requirements are met in relation to the employer,
(d)the application under this section states that the case is one in relation to which paragraphs (b) and (c) apply, and
(e)in response to that application the Board has issued a notice under section 183(2) confirming that a scheme rescue is not possible in relation to the scheme and that notice has become binding.
(5)An application meets the requirements of this subsection if—
(a)it is made by a prescribed person, and
(b)it is made in the prescribed manner and contains the prescribed information.
(6)Subject to subsection (7), an application is made within the authorised period if it is made within the period of 12 months beginning with the later of—
(a)the time of the relevant event, or
(b)the time when the auditor or actuary of the scheme, or the trustees or managers, knew or ought reasonably to have known that a reduction of value falling within subsection (1)(b) had occurred,
or within such longer period as the Board may determine in any case.
(7)No application for fraud compensation may be made under this section in respect of a scheme once a transfer notice is given in relation to the scheme under section 160.
(8)For the purposes of this section, an insolvency event (“the current event”) in relation to the employer is a qualifying insolvency event if—
(a)it occurs on or after the day appointed under section 126(2), and
(i)it is the first insolvency event to occur in relation to the employer on or after that day, or
(a)beginning with the occurrence of the last insolvency event which occurred before the current event, and
(b)ending with the occurrence of the current event.
(a)a cessation event in relation to a scheme occurs when a cessation notice in relation to the scheme becomes binding,
(b)a “cessation notice” means—
(i)a withdrawal notice issued in relation to the scheme under section 122(2)(b) (scheme rescue has occurred),
(ii)a withdrawal notice issued in relation to the scheme under section 130(3) (scheme rescue has occurred),
(iii)a withdrawal notice issued in relation to the scheme under section 148 (no insolvency event has occurred or is likely to occur),
(iv)a notice issued in relation to the scheme under section 183(2)(b) (scheme rescue has occurred), or
(v)a notice issued under section 122(4) (inability to confirm status of scheme) in a case where the notice has become binding and section 148 does not apply,
(c)the occurrence of a cessation event in relation to a scheme in respect of a cessation notice issued during a particular period (“the specified period”) is a possibility until each of the following are no longer reviewable—
(iii)any notice which has been issued by the Board under Chapter 2 or 3 which is relevant to the issue of a cessation notice in relation to the scheme during the specified period or to such a cessation notice which has been issued during that period becoming binding,
(iv)any failure to issue such a notice as is mentioned in sub-paragraph (iii), and
(d)the issue of, or failure to issue, a notice is to be regarded as reviewable—
(i)during the period within which it may be reviewed by virtue of Chapter 6, and
(b)any reference to the PPF Ombudsman in respect of the matter, and
“auditor” and “actuary”, in relation to an occupational pension scheme, have the meaning given by section 47 of the Pensions Act 1995 (c. 26);
“the relevant event” means—
(a)in a case where subsection (2) applies in relation to an eligible scheme, the event within paragraph (a) of that subsection,
(b)in any other case where subsection (2) applies, the issue of the scheme failure notice under section 122(2)(a) mentioned in paragraph (b) of that subsection,
(c)in a case where subsection (3) applies, the event within paragraph (a) of that subsection, and
(d)in a case where subsection (4) applies, the trustees or managers becoming aware that paragraphs (b) and (c) of that subsection apply in relation to the scheme;
(a)in the case of an occupational pension scheme established under a trust, 6th April 1997, and
(b)in any other case, the day appointed by the Secretary of State by order for the purposes of this section.
(11)This section is subject to section 184(2) (no fraud compensation payments to be made until settlement date determined).
183Board’s duties in respect of certain applications under section 182E+W+S(1)This section applies where, in a case to which paragraphs (a) to (c) of subsection (4) of section 182 apply (employer not likely to continue as going concern etc), the Board receives an application within paragraph (d) of that subsection.
(2)If the Board is able to confirm—
(a)that a scheme rescue is not possible, or
(b)that a scheme rescue has occurred,
(3)Where the Board issues a notice under subsection (2), it must, as soon as reasonably practicable, give a copy of the notice to—
(c)if the trustees or managers did not make the application mentioned in subsection (1), the person who made that application, and
(d)any insolvency practitioner in relation to the employer or, if there is no such insolvency practitioner, the employer.
(4)For the purposes of this Chapter a notice issued under subsection (2) is not binding until—
(5)Where a notice issued under subsection (2) becomes binding, the Board must as soon as reasonably practicable give a notice to that effect together with a copy of the binding notice to the persons to whom it is required to give a copy notice under subsection (3).
(6)A notice under subsection (5) must be in the prescribed form and contain such information as may be prescribed.
(7)Section 130(5) (circumstances in which scheme rescue can or cannot be confirmed) applies for the purposes of this section.
184Recovery of valueE+W+S(1)Where an application for a fraud compensation payment is made, the trustees or managers must obtain any recoveries of value, to the extent that they may do so without disproportionate cost and within a reasonable time.
(2)No fraud compensation payment may be made until the date (“the settlement date”) determined by the Board, after consulting the trustees or managers of the scheme in question, as the date after which further recoveries of value are unlikely to be obtained without disproportionate cost or within a reasonable time.
(3)In this section “recovery of value” means any increase in the value of the assets of the scheme, being an increase attributable to any payment received (otherwise than from the Board) by the trustees or managers of the scheme in respect of any act or omission—
(a)which there are reasonable grounds for believing constituted an offence prescribed for the purposes of paragraph (b) of section 182(1), and
(b)to which any reduction in value falling within that paragraph was attributable.
(4)It is for the Board to determine whether anything received by the trustees or managers of the scheme is to be treated as a payment received in respect of any such act or omission.
For this purpose “payment” includes any money or money’s worth.
185Fraud compensation paymentsE+W+S(1)Where the Board determines to make one or more fraud compensation payments, it must make the payment or payments to the trustees or managers of the scheme in accordance with this section.
(2)A fraud compensation payment may be made on such terms (including terms requiring repayment in whole or in part) and on such conditions as the Board considers appropriate.
(3)The amount of the payment (or, if there is more than one, the aggregate) must not exceed the difference between—
(a)the amount of the reduction (or, if more than one, the aggregate amount of the reductions) within section 182(1)(b), and
(b)the amount of any recoveries of value obtained before the settlement date (within the meaning of section 184(2)).
(4)Subject to subsection (3), the Board—
(a)must determine the amount of any fraud compensation payment in accordance with regulations made for the purposes of this subsection, and
(b)must take account of any interim payment already made under section 186.
(5)The Board must give written notice of its determination under subsection (4) to—
(c)if the trustees or managers did not make the application under section 182 (fraud compensation payments), the person who made that application, and
186Interim paymentsE+W+S(1)The Board may, on an application under section 182, make a payment or payments to the trustees or managers of an occupational pension scheme if—
(a)it is of the opinion that—
(i)the case is one to which subsection (1) of that section applies or may apply, and
(ii)the trustees or managers would not otherwise be able to meet liabilities of a prescribed description, but
(b)it has not determined the settlement date under section 184.
(2)Amounts payable under this section must not exceed the amounts determined in accordance with regulations.
(3)The Board may, except in prescribed circumstances, recover so much of any payment made under subsection (1) as it considers appropriate if, after the payment is made, it determines—
(a)that the case is not one to which section 182(1) applies, or
(b)that the amount of the payment was excessive.
(4)Subject to that, a payment under subsection (1) may be made on such terms (including terms requiring repayment in whole or in part) and on such conditions as the Board considers appropriate.
187Board’s powers to make fraud compensation transfer paymentsE+W+S(1)This section applies where—
(a)the Board assumes responsibility for a scheme in accordance with Chapter 3,
(b)the value of the assets of the scheme was reduced after the relevant date but before the transfer notice (within the meaning of section 160) was received by the trustees or managers of the scheme and there are reasonable grounds for believing that the reduction was attributable to an act or omission constituting an offence prescribed for the purposes of section 182(1)(b), and
(c)no application was made under section 182 in respect of that reduction (or any such application was withdrawn before it was determined).
(2)The Board may transfer an amount from the Fraud Compensation Fund to the Pension Protection Fund (“fraud compensation transfer payment”) in respect of the reduction in value, subject to the provisions of this section.
(3)The Board must obtain any recoveries of value, to the extent that it may do so without disproportionate cost and within a reasonable time.
(4)No fraud compensation transfer payment may be made until the date determined by the Board as the date after which further recoveries of value are unlikely to be obtained without disproportionate cost and within a reasonable time.
(5)In this section “recovery of value” means any increase in the value of the Pension Protection Fund, being an increase attributable to any payment received (otherwise than under this section) by the Board in respect of any act or omission—
(a)which there are reasonable grounds for believing constituted an offence prescribed for the purposes of section 182(1)(b), and
(b)to which any reduction in value falling within subsection (1)(b) above was attributable.
(6)It is for the Board to determine whether anything received by it is to be treated as a payment received in respect of any such act or omission.
(7)The amount of any fraud compensation transfer payment (or, if there is more than one, the aggregate) must not exceed the difference between—
(a)the amount of the reduction (or, if more than one, the aggregate amount of the reductions) within subsection (1)(b), and
(b)the amount of any recoveries of value obtained by the Board before the date determined by the Board under subsection (4).
(8)Subject to subsection (7), the Board must determine the amount of any fraud compensation transfer payment in accordance with regulations made for the purposes of this subsection.
(9)In this section “the relevant date” has the meaning given by section 182(10).
The fundE+W+S+N.I.188Fraud Compensation FundE+W+S+N.I.(1)The Fraud Compensation Fund shall consist of—
The levyE+W+S189Fraud compensation levyE+W+S(1)For the purposes of meeting expenditure payable out of the Fraud Compensation Fund, regulations may provide for the imposition of a levy (“fraud compensation levy”) in respect of occupational pension schemes.
(2)Subsection (1) does not apply in relation to any scheme which is prescribed or of a description prescribed under section 182(1)(a) (schemes not eligible for fraud compensation).
(3)A fraud compensation levy imposed in respect of a scheme is payable to the Board by or on behalf of—
(4)A fraud compensation levy is so payable at prescribed times and at a rate, not exceeding the prescribed rate, determined by the Board.
(5)In determining the amount of expenditure in respect of which a fraud compensation levy is to be imposed, the Board may take one year with another (and, in doing so, must have regard to expenditure estimated to be incurred in current or future periods and to actual expenditure incurred in previous periods).
(6)Notice of the rates determined by the Board under subsection (4) must be given to prescribed persons in the prescribed manner.
(7)The Board must in respect of any fraud compensation levy imposed under this section—
(8)The Board may require the Regulator to discharge, on the Board’s behalf, its functions under subsection (7) in respect of the levy.
(9)An amount payable by a person on account of a fraud compensation levy is a debt due from him to the Board.
(10)An amount so payable may be recovered—
(11)Without prejudice to the generality of subsection (1), (9) or (10), regulations under this section may include provision relating to—
(a)the collection and recovery of amounts payable by way of levy under this section;
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