Source: http://www.legislation.gov.uk/ukpga/2011/19?timeline=true
Timestamp: 2016-12-11 09:05:09
Document Index: 289093023

Matched Legal Cases: ['art 1', 'art. 4', 'art. 4', 'art. 2', 'art 2', 'art. 2', 'art. 2', 'art. 2', 'art. 28', '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 3', 'art. 3', 'art. 221', 'art. 3', 'art. 3', 'art. 3', 'art. 2', 'art. 3', 'art. 3', 'art. 3', 'art 4', 'art. 229', 'art. 2', 'art. 230', 'art 3', 'art 5', 'art. 3', 'art 6', 'art. 3', 'art 1', 'art 3', 'art. 2', 'art 2', 'art 1', 'art. 2', 'art. 3', 'art. 3', 'art. 2', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art 4', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 3', 'art 1', 'art. 3', 'art. 3', 'art. 3', 'art 2', 'art. 3', 'art. 3']

Skip to main contentSkip to navigationlegislation.gov.ukThe National ArchivesHelpSite MapAccessibilityContact UsCymraegHomeAbout UsBrowse LegislationNew LegislationChanges To LegislationSearch LegislationSearch LegislationTitle: (or keywords in the title)Year:Number:Type:All Legislation (excluding draft)All Primary Legislation UK Public General Acts UK Local Acts Acts of the Scottish Parliament Acts of the National Assembly for Wales Measures of the National Assembly for Wales Church Measures Acts of the Northern Ireland Assembly Acts of the Old Scottish Parliament Acts of the English Parliament Acts of the Old Irish Parliament Acts of the Parliament of Great Britain Northern Ireland Orders in Council Measures of the Northern Ireland Assembly Acts of the Northern Ireland ParliamentAll Secondary Legislation UK Statutory Instruments Wales Statutory Instruments Scottish Statutory Instruments Northern Ireland Statutory Rules Church Instruments UK Ministerial Orders UK Statutory Rules and OrdersAll Draft Legislation UK Draft Statutory Instruments Scottish Draft Statutory Instruments Northern Ireland Draft Statutory RulesAll Impact Assessments UK Impact AssessmentsSearchAdvanced SearchPensions Act 2011You are here:2011 c. 19Whole ActTable of ContentsContentExplanatory NotesImpact AssessmentsMore ResourcesPreviousNextPlain ViewPrint OptionsWhat VersionLatest available (Revised)Original (As enacted)Advanced FeaturesShow Geographical Extent(e.g. England, Wales, Scotland, Northern Ireland)Show Timeline of Changes Opening OptionsOpen whole ActOpen Act without schedulesOpen Schedules onlyMore ResourcesRevised Version 31/8/2015Revised Version 30/11/2014Original Print PDF - EnglishView moreStatus:This version of this Act 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 over time for: Pensions Act 2011Alternative versions:03/11/2011 - Amendment01/01/2012 - Amendment03/01/2012 - Amendment06/03/2012 - Amendment06/04/2012 - Amendment30/06/2012 - Amendment23/07/2012 - Amendment13/03/2013 - Amendment24/07/2014 - Amendment11/09/2014 - Amendment01/10/2014 - Amendment01/04/2015 - Amendment06/04/2016 - AmendmentChanges to legislation:Pensions Act 2011 is up to date with all changes known to be in force on or before 11 December 2016. There are changes that may be brought into force at a future date. Changes that have been made 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.E+W+S+N.I.Pensions Act 20112011 CHAPTER 19An Act to make provision relating to pensions; and for connected purposes.[3rd November 2011]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 E+W+S+N.I.State pension1Equalisation of and increase in pensionable age for men and womenE+W+S+N.I.(1)In Schedule 4 to the Pensions Act 1995 (equalisation of and increase in pensionable age for men and women) paragraph 1 is amended as follows.
(2)In sub-paragraph (1) for “6th April 1959” substitute “ 6th December 1953 ”.
(4)In table 1 for the entries (in both columns) relating to each of the periods from “6th April 1953 to 5th May 1953” to “6th March 1955 to 5th April 1955” substitute—
“6th April 1953 to 5th May 19536th July 20166th May 1953 to 5th June 19536th November 20166th June 1953 to 5th July 19536th March 20176th July 1953 to 5th August 19536th July 20176th August 1953 to 5th September 19536th November 20176th September 1953 to 5th October 19536th March 20186th October 1953 to 5th November 19536th July 20186th November 1953 to 5th December 19536th November 2018”(5)For table 2 substitute—
“TABLE 2(1)(2)Period within which birthday fallsDay pensionable age attained6th December 1953 to 5th January 19546th March 20196th January 1954 to 5th February 19546th May 20196th February 1954 to 5th March 19546th July 20196th March 1954 to 5th April 19546th September 20196th April 1954 to 5th May 19546th November 20196th May 1954 to 5th June 19546th January 20206th June 1954 to 5th July 19546th March 20206th July 1954 to 5th August 19546th May 20206th August 1954 to 5th September 19546th July 20206th September 1954 to 5th October 19546th September 2020”(6)In sub-paragraph (6) for “5th April 1960” substitute “ 5th October 1954 ”.
(7)Schedule 1 (equalisation of and increase in pensionable age for men and women: consequential amendments) has effect.
2Abolition of certain additions to the state pensionE+W+S+N.I.(1)In section 150 of the Social Security Administration Act 1992 (annual up-rating of benefits)—
(a)in subsection (1)(e)(i) for “person who is also entitled to a Category A or Category B retirement pension” substitute “ relevant person ”;
“(1A)In subsection (1)(e)(i) “relevant person” means a person—
(a)who became entitled to a Category A or Category B retirement pension before the day on which section 2(1) of the Pensions Act 2011 comes into force, and
(b)to whom sums became payable by virtue of section 15(1) of the Pension Schemes Act 1993 (including sums payable by virtue of section 17(2)) before that day.
(a)a reference to becoming entitled to a pension before a day includes a reference to becoming entitled on or after that day to the payment of a pension in respect of a period before that day;
(b)a reference to sums becoming payable before a day includes a reference to sums becoming payable on or after that day in respect of a period before that day.”
(2)In that section after subsection (10A) insert—
“(10B)Subsection (10A) does not have effect unless—
(a)the member became entitled to a Category A or Category B retirement pension before the day on which section 2(2) of the Pensions Act 2011 comes into force, and
(b)the member's postponed pension under the scheme became payable before that day.
(10C)In subsection (10B)—
(b)a reference to a pension becoming payable before a day includes a reference to a pension becoming payable on or after that day in respect of a period before that day.”
(3)In section 151 of that Act (up-rating - supplementary) omit subsection (5).
(4)The repeal made by subsection (3) does not affect the application of section 151(5) of that Act in relation to a person who became entitled to a Category A or Category B retirement pension before the day on which subsection (3) comes into force.
(10)In this section a reference to becoming entitled to a pension before a day includes a reference to becoming entitled on or after that day to the payment of a pension in respect of a period before that day.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F1S. 2(5)-(9) repealed (6.4.2016 unless brought into force earlier by an order under s. 56(1) of the amending Act) by Pensions Act 2014 (c. 19), s. 56(4), Sch. 12 para. 97(a)Commencement InformationI1S. 2(1)-(4) (9) (10) in force at 6.4.2012 by S.I. 2011/3034, art. 4(a)I2S. 2(7) in force at 6.4.2012 for specified purposes by S.I. 2011/3034, art. 4(d)ProspectiveF23Consolidation of additional pensionE+W+S+N.I.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F2S. 3 repealed (1.10.2014) by Pensions Act 2014 (c. 19), s. 56(4), Sch. 12 para. 97(b); S.I. 2014/2377, art. 2(1)(a)(ii)(3)(c) Part 2 E+W+S+N.I.Automatic enrolmentAnnotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI3Pt. 2 (ss. 4-18) partly in force; Pt. 2 (ss. 4-18) in force at 3.11.2011 in so far as it confers power to make subordinate legislation see s. 38(1).4Automatic re-enrolment where scheme membership interruptedE+W+S+N.I.(1)In section 2 (continuity of scheme membership) of the Pensions Act 2008 (“the 2008 Act”) for subsection (3) substitute—
“(3)Subsection (1) is not contravened if by virtue of section 5 the jobholder becomes an active member of an automatic enrolment scheme with effect from—
“(a)the day after the cessation referred to in paragraph (a) or (b) of subsection (1), or
(b)a day within the prescribed period (if a period is prescribed).””
(2)In section 5 of the 2008 Act (automatic re-enrolment) after subsection (1) insert—
“(1A)This section also applies to a jobholder who—
(1B)This section also applies to a jobholder who has ceased to be an active member of a qualifying scheme because of something other than an action or omission by the jobholder.”
(3)For subsection (4) of that section substitute—
“(4)Regulations may provide for subsection (2) not to apply in relation to a jobholder who in prescribed circumstances—
(a)has ceased to be an active member of a qualifying scheme because of any action or omission by the jobholder, or by the employer at the jobholder's request, or
(b)is treated as not being an active member of a qualifying scheme because the jobholder has given notice under section 8.”
(4)In subsection (8) of that section omit “, after the automatic enrolment date,”.
(5)In section 6 of the 2008 Act (timing of automatic re-enrolment) in subsection (4)—
(a)in paragraph (a) omit “at any time after the jobholder's automatic enrolment date,”;
(b)in that paragraph omit “or a qualifying scheme of which the jobholder is an active member ceases to be such a scheme”;
(c)in paragraph (b) omit “or the employer”;
(d)in paragraph (c) for “time” substitute “ event ”.
(6)In section 54 of the 2008 Act (inducements)—
(a)in subsection (1)(a) for “within the period prescribed under section 2(3)” substitute “with effect from— (i)the day after the membership is given up, or
(ii)a day within the prescribed period (if a period is prescribed)”;
(b)in subsection (1)(b) for “within the period prescribed under section 2(3)” substitute “with effect from— (i)the day on which the jobholder became an active member of the scheme to which the notice relates, or
(ii)a day within the prescribed period (if a period is prescribed)”.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI4Pt. 2 (ss. 4-18) partly in force; Pt. 2 (ss. 4-18) in force at 3.11.2011 in so far as it confers power to make subordinate legislation see s. 38(1).I5S. 4 in force at 30.6.2012 in so far as not already in force by S.I. 2012/1681, art. 2(1)(a)5Earnings trigger for automatic enrolment and re-enrolmentE+W+S+N.I.(1)In section 3 of the 2008 Act (automatic enrolment) for subsection (1) substitute—
“(1)This section applies to a jobholder—
(c)to whom earnings of more than £7,475 are payable by the employer in the relevant pay reference period (see section 15).”
“(6A)In this section “earnings” has the meaning given in section 13(3).
(6B)In the case of a pay reference period of less or more than 12 months, subsection (1) applies as if the amount in paragraph (c) were proportionately less or more.”
(3)In section 5 of the 2008 Act (automatic re-enrolment) for subsection (1) substitute—
(4)After subsection (7) of that section insert—
“(7A)In this section “earnings” has the meaning given in section 13(3).
(7B)In the case of a pay reference period of less or more than 12 months, subsection (1) applies as if the amount in paragraph (c) were proportionately less or more.”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI6Pt. 2 (ss. 4-18) partly in force; Pt. 2 (ss. 4-18) in force at 3.11.2011 in so far as it confers power to make subordinate legislation see s. 38(1).I7S. 5 in force at 30.6.2012 in so far as not already in force by S.I. 2012/1681, art. 2(2)(a)6Postponement or disapplication of automatic enrolmentE+W+S+N.I.(1)In section 3 of the 2008 Act (automatic enrolment) at the end of subsection (7) insert—
“This is subject to section 4.”
(2)For section 4 of the 2008 Act substitute—
“4Postponement or disapplication of automatic enrolment(1)Where—
(4)Where this subsection applies, section 3(2) does not apply in relation to any employment of the worker by E in the period beginning with the starting day and ending with the deferral date.
(5)A notice under this section may be given on or before the starting day or within a prescribed period after that day.
(6)The deferral date may be any date in the period of three months after the starting day.
(7)An employer who gives a worker a notice under subsection (1) or (2) may not give the worker a notice under subsection (3) in relation to any occasion on or before the deferral date specified in the notice on which the worker becomes a jobholder to whom section 3 applies.
(a)E's staging date, in the case of a notice under subsection (1);
(b)the day on which the worker begins to be employed by E, in the case of a notice under subsection (2);
(c)the day on which the worker becomes a jobholder to whom section 3 applies, in the case of a notice under subsection (3).”
(3)In section 5 of the 2008 Act (automatic re-enrolment) omit subsection (5).
(4)In section 6 of the 2008 Act (timing of automatic re-enrolment)—
(a)omit subsections (3) and (6);
(b)in subsection (4) for “second case” substitute “ first case ”;
(c)in subsection (5) for “third case” substitute “ second case ”.
(5)In section 7 of the 2008 Act (jobholder's right to opt in) omit paragraph (b) of subsection (2) and the “or” before it.
(6)In section 30 of the 2008 Act (transitional period for defined benefits and hybrid schemes) in subsection (7)—
(a)for “applies, section” substitute “applies— (a)section”;
(b)for “day on which” substitute “ day with effect from which ”;
“(b)section 4 applies as if—
(ii)in that subsection, for “the workers's automatic enrolment date is the deferral date” there were substituted “ the day with effect from which arrangements fall to be made by virtue of section 30 in respect of the jobholder is changed to the deferral date ”;
(iii)in subsections (4) to (6), references to the starting day were references to the day with effect from which arrangements would by virtue of this section fall to be made in respect of the jobholder.”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI8Pt. 2 (ss. 4-18) partly in force; Pt. 2 (ss. 4-18) in force at 3.11.2011 in so far as it confers power to make subordinate legislation see s. 38(1).I9S. 6 in force at 30.6.2012 in so far as not already in force by S.I. 2012/1681, art. 2(1)(b)7Timing of automatic re-enrolmentE+W+S+N.I.In section 6 of the 2008 Act (timing of automatic re-enrolment) in subsection (1)(b) for “three years” substitute “ 2 years and 9 months ”.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI10Pt. 2 (ss. 4-18) partly in force; Pt. 2 (ss. 4-18) in force at 3.11.2011 in so far as it confers power to make subordinate legislation see s. 38(1).I11S. 7 in force at 1.4.2015 in so far as not already in force by S.I. 2015/676, art. 28Review of earnings trigger and qualifying earnings bandE+W+S+N.I.(1)For section 14 of the 2008 Act (review of qualifying earnings band) substitute—
“14Review of earnings trigger and qualifying earnings band(1)The Secretary of State must in each tax year consider whether any of the amounts in sections 3(1)(c), 5(1)(c) and 13(1)(a) and (b) should be increased or decreased.
(2)If the Secretary of State considers that any of those amounts should be increased or decreased, the Secretary of State may make an order substituting in the provisions in question the amounts that the Secretary of State thinks appropriate.
(3)For the purposes of subsection (1) the Secretary of State may take into account any of the factors specified in subsection (4) (as well as any others that the Secretary of State thinks relevant).
(4)The factors are—
(a)the amounts for the time being specified in Chapter 2 of Part 3 (personal allowances) of the Income Tax Act 2007;
(b)the amounts for the time being specified in regulations under section 5 of the Social Security Contributions and Benefits Act 1992 (earnings limits and thresholds for Class 1 national insurance contributions);
(c)the amount for the time being specified in section 44(4) of that Act (rate of basic state pension);
(d)the general level of prices in Great Britain, and the general level of earnings there, estimated in such manner as the Secretary of State thinks fit.”
(2)For the italic heading before section 13 of the 2008 Act substitute— “ Qualifying earnings and earnings trigger ”.
(3)In section 143(5) of the 2008 Act (statutory instruments subject to affirmative resolution procedure) in paragraph (c) after “section” insert “ 14(2), ”.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI12Pt. 2 (ss. 4-18) partly in force; Pt. 2 (ss. 4-18) in force at 3.11.2011 in so far as it confers power to make subordinate legislation see s. 38(1).I13S. 8 in force at 3.1.2012 in so far as not already in force by S.I. 2011/3034, art. 3(a)9Rounded figures for earnings trigger and qualifying earnings bandE+W+S+N.I.After section 15 of the 2008 Act insert—
“15APower to specify rounded figures(1)The Secretary of State may by order specify rounded figures for the purposes of section 3(6B), 5(7B) or 13(2) in the case of pay reference periods of any length specified in the order.
(2)A rounded figure so specified applies in place of the amount that would otherwise apply (“the exact amount”).
(3)The Secretary of State must decide in relation to any particular amount whether to specify—
(a)a figure that is a whole number of pounds, or
(b)a figure that is divisible by 10 pence, or
(c)a figure that includes a whole number of pennies.
(4)It is for the Secretary of State to decide whether to round any particular amount up or down.
Accordingly, a figure specified under this section may be the figure within paragraph (a) or (b) or (c) of subsection (3) that is closest to the exact amount or the one that is next closest to it (or, if two figures are joint closest, it may be either of those).”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI14Pt. 2 (ss. 4-18) partly in force; Pt. 2 (ss. 4-18) in force at 3.11.2011 in so far as it confers power to make subordinate legislation see s. 38(1).I15S. 9 in force at 6.3.2012 in so far as not already in force by S.I. 2012/682, art. 2(a)F310Qualifying schemes: administration chargesE+W+S+N.I.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F3S. 10 repealed (11.9.2014) by Pensions Act 2014 (c. 19), s. 56(1), Sch. 18 para. 12; S.I. 2014/2377, art. 2(1)(a)(i)(2)(k)11Test scheme standard for schemes that produce sum of money for provision of benefitsE+W+S+N.I.(1)In section 22 of the 2008 Act (test scheme standard) after subsection (7) insert—
“(8)In the case of a scheme under which a sum of money is made available for the provision of benefits to a relevant member, references in this section to pensions are to be read as references to such sums.”
(2)For section 23 of the 2008 Act substitute—
“23Test scheme(1)A test scheme is an occupational pension scheme which satisfies—
(2)The scheme must either—
(3)The appropriate age is 65 or any higher age prescribed.
(4)In the case of a scheme that provides entitlement to a pension as mentioned in subsection (2)(a), the annual rate of the pension at the appropriate age must be—
(5)Section 13(1) (qualifying earnings) applies for the purposes of subsection (4) as if the reference to a pay reference period were a reference to a tax year.
(6)In the case of a scheme that provides for a sum of money to be made available as mentioned in subsection (2)(b), regulations must prescribe requirements relating to that sum.”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI16Pt. 2 (ss. 4-18) partly in force; Pt. 2 (ss. 4-18) in force at 3.11.2011 in so far as it confers power to make subordinate legislation see s. 38(1).I17S. 11 in force at 30.6.2012 in so far as not already in force by S.I. 2012/1681, art. 2(1)(c)12Certification that alternative to quality requirement is satisfiedE+W+S+N.I.(1)Section 28 of the 2008 Act (sections 20, 24 and 26: certification that quality requirement is satisfied) is amended as follows.
(2)For the heading substitute “ Certification that quality requirement or alternative requirement is satisfied ”.
(3)In subsection (1) for “any jobholder of an employer” substitute “ each of an employer's relevant jobholders ”.
(b)a reference to a scheme includes a reference to part of a scheme.”
(a)for “state that” substitute “state— (a)that”;
(c)at the end insert “, or (b)that, in relation to those jobholders, the scheme is in that person's opinion able to satisfy a prescribed alternative requirement throughout the certification period.”
“(2A)Alternative requirements must be such that, assuming all jobholders to be active members of schemes to which this section applies, for at least 90% of jobholders—
(a)employer contributions, and
(b)total contributions,
would be likely to be no less if every scheme satisfied an alternative requirement applicable to it than if every scheme satisfied the relevant quality requirement.
“alternative requirement” means a requirement prescribed under subsection (2)(b);
“employer contributions”, in relation to an active member of a scheme, means the amount of contributions that have to be paid under the scheme in respect of the member by the employer;
“total contributions”, in relation to an active member of a scheme, means the total amount of contributions that have to be paid under the scheme in respect of the member by the employer and by the member.
(2C)The Secretary of State—
(a)must apply the test in subsection (2A) when regulations under subsection (2)(b) are first made, and
(b)must carry out subsequent reviews of whether the test continues to be satisfied.
A review under paragraph (b) must be carried out during 2017, and after that each review must be completed no more than three years after the completion of the previous one.”
(8)In section 32 of the 2008 Act (power to modify by resolution) in subsection (1)(b) for the words after “the scheme” substitute “to satisfy— (i)the requirements contained in section 20(1),
(iii)a requirement prescribed under section 28(2)(b).”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI18Pt. 2 (ss. 4-18) partly in force; Pt. 2 (ss. 4-18) in force at 3.11.2011 in so far as it confers power to make subordinate legislation see s. 38(1).I19S. 12 in force at 6.3.2012 in so far as not already in force by S.I. 2012/682, art. 2(b)13Certification for non-UK schemesE+W+S+N.I.(1)Section 28 of the 2008 Act is amended as follows.
“(3A)This section also applies to—
(c)a hybrid scheme that is an occupational pension scheme within section 18(b), to the extent prescribed.”
(3)In subsection (4) at the end insert—
“(d)for a scheme within subsection (3A), means a prescribed requirement.”
(4)In paragraphs (e) and (f) of subsection (6) for “section 26 agreements” substitute “ contribution agreements ”.
(a)for “ “section 26 agreements” means the agreement” substitute “ “contribution agreements” means—
“(a)the agreement”;
(b)at the end insert “, or (b)any agreement of the same or a similar kind that is required, in the case of a scheme within subsection (3A)(b), by regulations under section 27.”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI20Pt. 2 (ss. 4-18) partly in force; Pt. 2 (ss. 4-18) in force at 3.11.2011 in so far as it confers power to make subordinate legislation see s. 38(1).I21S. 13 in force at 6.3.2012 in so far as not already in force by S.I. 2012/682, art. 2(c)14Transitional period for defined benefits and hybrid schemes to be optionalE+W+S+N.I.(1)Section 30 of the 2008 Act (transitional period for defined benefits and hybrid schemes) is amended as follows.
(2)In subsection (3) for “Where this subsection applies” substitute “ If by the end of the prescribed period the employer has given the jobholder notice that the employer intends to defer automatic enrolment until the end of the transitional period for defined benefits and hybrid schemes ”.
(3)In subsection (4) for “at any time” substitute “ a notice is given under subsection (3) and at any later time ”.
“(7A)The Secretary of State may by regulations make provision about the form and content of a notice under subsection (3).”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI22Pt. 2 (ss. 4-18) partly in force; Pt. 2 (ss. 4-18) in force at 3.11.2011 in so far as it confers power to make subordinate legislation see s. 38(1).I23S. 14 in force at 30.6.2012 in so far as not already in force by S.I. 2012/1681, art. 2(1)(d)15Arrangements where transitional conditions cease to be satisfiedE+W+S+N.I.(1)Section 30 of the 2008 Act is amended as follows.
(2)In subsection (5) after “money purchase scheme” insert “ or personal pension scheme ”.
(3)In subsection (6)(b) omit “(in accordance with section 20(1))”.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI24Pt. 2 (ss. 4-18) partly in force; Pt. 2 (ss. 4-18) in force at 3.11.2011 in so far as it confers power to make subordinate legislation see s. 38(1).I25S. 15 in force at 30.6.2012 in so far as not already in force by S.I. 2012/1681, art. 2(1)(e)16Power of managers to modify by resolutionE+W+S+N.I.In section 32 of the 2008 Act (power of trustees to modify by resolution) in subsection (1) and in the heading after “trustees” insert “ or managers ”.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI26Pt. 2 (ss. 4-18) partly in force; Pt. 2 (ss. 4-18) in force at 3.11.2011 in so far as it confers power to make subordinate legislation see s. 38(1).I27S. 16 in force at 30.6.2012 in so far as not already in force by S.I. 2012/1681, art. 2(2)(b)17No indemnification for civil penaltiesE+W+S+N.I.In section 256 of the Pensions Act 2004 (no indemnification for fines or civil penalties) in subsection (1)(b)—
(a)for “or section” substitute “ , section ”;
(b)after “1993 (c. 48)” insert “ or section 40 or 41 of the Pensions Act 2008 ”.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI28Pt. 2 (ss. 4-18) partly in force; Pt. 2 (ss. 4-18) in force at 3.11.2011 in so far as it confers power to make subordinate legislation see s. 38(1).I29S. 17 in force at 30.6.2012 in so far as not already in force by S.I. 2012/1681, art. 2(2)(c)F418Power to exempt certain cross-border employment from enrolment dutyE+W+S+N.I.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F4S. 18 repealed (11.9.2014) by Pensions Act 2014 (c. 19), ss. 38(3)(c), 56(1); S.I. 2014/2377, art. 2(1)(a)(i)(2)(c) Part 3 E+W+S+N.I.Occupational pension schemesIndexation and revaluationE+W+S+N.I.19Indexation and revaluationE+W+S+N.I.(1)Section 84 of the Pension Schemes Act 1993 (basis of revaluation of accrued benefits) is amended as follows.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI30S. 19 in force at 3.1.2012 by S.I. 2011/3034, art. 3(b)20Pension compensation: annual increases in periodic compensationE+W+S+N.I.(1)In Schedule 7 to the Pensions Act 2004 (pension compensation provisions) paragraph 28 (annual increase in periodic compensation) is amended as follows.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI31S. 20 in force at 1.1.2012 by S.I. 2011/3034, art. 221Indexation requirements for cash balance benefitsE+W+S+N.I.(1)Section 51 of the Pensions Act 1995 (annual increase in rate of certain pensions) is amended as follows.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI32S. 21 in force at 3.1.2012 by S.I. 2011/3034, art. 3(c)Pension Protection FundE+W+S+N.I.22Pension Protection FundE+W+S+N.I.Schedule 4 (which makes provision relating to the Pension Protection Fund) has effect.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI33S. 22 in force at 3.1.2012 for specified purposes by S.I. 2011/3034, art. 3(d)I34S. 22 in force at 23.7.2012 for specified purposes by S.I. 2012/1681, art. 3(a)I35S. 22 in force at 13.3.2013 in so far as not already in force by S.I. 2013/585, art. 2(a)Financial assistance schemeE+W+S+N.I.23Financial assistance scheme: amount of paymentsE+W+S+N.I.(1)In section 286 of the Pensions Act 2004 (financial assistance scheme) after subsection (1B) insert—
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI36S. 23 in force at 3.1.2012 by S.I. 2011/3034, art. 3(e)24Financial assistance scheme: transfer of assetsE+W+S+N.I.In section 286 of the Pensions Act 2004 (financial assistance scheme) in subsection (3)(c) (power to make provision for property, rights and liabilities of qualifying pension schemes to be transferred to the scheme manager) for “the scheme manager” substitute “ a prescribed person ”.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI37S. 24 in force at 3.1.2012 by S.I. 2011/3034, art. 3(e)MiscellaneousE+W+S+N.I.25Payment of surplus to employer: transitional power to amend schemeE+W+S+N.I.(1)Section 251 of the Pensions Act 2004 (payment of surplus to employer: transitional power to amend scheme) is amended as follows.
(2)In subsection (1) after “scheme” insert—
“(a)which is one to which section 37 of the Pensions Act 1995 applies, and
(b)”.(3)After subsection (2) insert—
“(2A)But subsection (2) does not apply in the case of any of the payments listed in paragraphs (c) to (f) of section 175 of the Finance Act 2004 (authorised employer payments other than public service scheme payments or authorised surplus payments).”
(4)In subsection (3) for “then applied” substitute “ applied immediately before the commencement of section 250 ”.
“(aa)may be exercised even if the payments to which it relates are, to any extent, payments to which subsection (2) does not apply,”;
(b)in paragraph (b) for “only be exercised once” substitute “ be exercised, after the commencement of section 25 of the Pensions Act 2011, only once (whether or not also exercised before 6 April 2011) ”;
(c)in paragraph (c) for “five years after the commencement of this section” substitute “ on 6 April 2016 ”.
“(6A)A resolution passed under this section after the commencement of section 25 of the Pensions Act 2011 may amend or revoke a resolution passed under this section before 6 April 2011.”
(7)The amendments made by this section do not affect the continued operation of any resolution passed under section 251(3) or (4) of the 2004 Act before 6 April 2011.
26Contribution notices and financial support directionsE+W+S+N.I.(1)Section 38 of the Pensions Act 2004 (contribution notices where avoidance of employer debt) is amended as follows.
(2)In subsections (5)(c)(i) and (6)(b)(ii) for “determination by the Regulator to exercise the power to issue” substitute “ giving of a warning notice in respect of ”.
“(14)In this section “a warning notice” means a notice given as mentioned in section 96(2)(a).”
(4)Section 43 of the Pensions Act 2004 (financial support directions) is amended as follows.
(5)In subsection (9) for “determination by the Regulator to exercise the power to issue” substitute “ giving of a warning notice in respect of ”.
“(12)In this section “a warning notice” means a notice given as mentioned in section 96(2)(a).”
(7)In section 96 of the Pensions Act 2004 (exercise of regulatory functions: standard procedure) after subsection (6) insert—
“(6A)Subsection (6B) applies in relation to a warning notice given to a person—
(a)in respect of a contribution notice under section 38, or
(b)in respect of a financial support direction under section 43.
(6B)Regulations may provide that no determination notice in respect of the contribution notice or the financial support direction may be given after the end of the prescribed period beginning with the day on which the warning notice is given.”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI38S. 26 in force at 3.1.2012 by S.I. 2011/3034, art. 3(f)27Technical amendment to Schedule 4 to the Pensions Act 2007E+W+S+N.I.In Schedule 4 to the Pensions Act 2007 (abolition of contracting-out for defined contribution pension schemes) in paragraph 60(4) for paragraphs (b) and (c) substitute—
“(b)in the definition of “the percentage for contributing earners”—
(ii)omit paragraph (b) and the preceding “and”;
(c)in the definition of “the percentage for non-contributing earners”—
(ii)omit paragraph (b) and the preceding “and”.”
28Technical amendment to section 42(6) of the Pension Schemes Act 1993E+W+S+N.I.(1)In section 42 of the Pension Schemes Act 1993 (review and alteration of rates of contributions applicable under section 41) in subsection (6) for “paragraph 2(3)” substitute “the definition of “the percentage for contributing earners” or “the percentage for non-contributing earners” in paragraph 2(5)”.
“(7)Until paragraph 60(4) of Schedule 4 to the Pensions Act 2007 comes into force, subsection (6) has effect as if the reference to the definition of “the percentage for contributing earners” or “the percentage for non-contributing earners” were a reference to paragraph (a) of either of those definitions.”
Part 4 E+W+S+N.I.Money purchase benefitsAnnotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Modifications etc. (not altering text)C1Pt. 4 excluded (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 6, 41, 44(1), 47(1), 72(1), 76(1); coming into force immediately after s. 29 of Pensions Act 2011 - see S.I. 2014/1683, art. 229Definition of money purchase benefitsE+W+S+N.I.(1)In section 181 of the Pension Schemes Act 1993 (interpretation), in the definition of “money purchase benefits” in subsection (1), for “which are not average salary benefits” substitute “ which fall within section 181B ”.
(2)After section 181A of that Act insert—
“181BMoney purchase benefits: supplementary(1)This section applies for the purposes of the definition of “money purchase benefits” in section 181(1).
(2)A benefit other than a pension in payment falls within this section if its rate or amount is calculated solely by reference to assets which (because of the nature of the calculation) must necessarily suffice for the purposes of its provision to or in respect of the member.
(3)A benefit which is a pension in payment falls within this section if—
(a)its provision to or in respect of the member is secured by an annuity contract or insurance policy made or taken out with an insurer, and
(b)at all times before coming into payment the pension was a benefit falling within this section by virtue of subsection (2).
(4)For the purposes of subsection (2) it is immaterial if the calculation of the rate or amount of the benefit includes deductions for administrative expenses or commission.
(5)In this section references to a pension do not include income withdrawal or dependants' income withdrawal (within the meaning of paragraphs 7 and 21 of Schedule 28 to the Finance Act 2004).”
(3)In section 99 of the Pensions Act 2008 (interpretation) in the definition of “money purchase benefits” for “which are not average salary benefits” substitute “ which fall within section 99A ”.
“99AMoney purchase benefits: supplementary(1)This section applies for the purposes of the definition of “money purchase benefits” in section 99.
(5)In paragraph 1(2) of Schedule 10A to the Building Societies Act 1986 (disclosures about directors etc), in the definition of “money purchase benefits”, for “which are not average salary benefits” substitute “ which fall within paragraph 1A ”.
(6)In that Schedule, after paragraph 1 insert—
“1A(1)This paragraph applies for the purposes of the definition of “money purchase benefits” in paragraph 1(2).
(2)A benefit other than a pension in payment falls within this paragraph if its rate or amount is calculated solely by reference to assets which (because of the nature of the calculation) must necessarily suffice for the purposes of its provision to or in respect of the director.
(3)A benefit which is a pension in payment falls within this paragraph if—
(a)its provision to or in respect of the director is secured by an annuity contract or insurance policy made or taken out with an insurer, and
(b)at all times before coming into payment the pension was a benefit falling within this paragraph by virtue of sub-paragraph (2).
(4)For the purposes of sub-paragraph (2) it is immaterial if the calculation of the rate or amount of the benefit includes deductions for administrative expenses or commission.
(5)In this paragraph references to a pension do not include income withdrawal or dependants' income withdrawal (within the meaning of paragraphs 7 and 21 of Schedule 28 to the Finance Act 2004).”
(7)The amendments made by subsections (1) and (2) are to be regarded as having come into force on 1 January 1997.
(8)The amendments made by subsections (3) and (4) are to be regarded as having come into force at the same time as section 99 of the Pensions Act 2008.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Modifications etc. (not altering text)C2S. 29 restricted (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 69(2) (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2Commencement InformationI39S. 29 in force at 24.7.2014 by S.I. 2014/1683, art. 230TransitionalE+W+S+N.I.(1)The Secretary of State may by regulations make transitional provision in relation to the coming into force of the amendments in section 29.
31Consequential and supplementaryE+W+S+N.I.(1)The Secretary of State may by regulations make consequential or supplementary provision in relation to the amendments made by section 29.
(2)In section 307 of the Pensions Act 2004 (modification of Act) in subsection (2) after paragraph (b) insert—
“(ba)Part 3 (scheme funding),”.
32Power to make further provisionE+W+S+N.I.(1)The Secretary of State may by regulations amend for any purpose the definition of “money purchase benefit” in the Pension Schemes Act 1993, the Pensions Act 2008 or Schedule 10A to the Building Societies Act 1986.
(2)Regulations under subsection (1) may in particular amend the provisions inserted by section 29 above.
(3)Regulations under this section may include transitional, consequential or supplementary provision.
33RegulationsE+W+S+N.I.(1)Regulations under this Part may—
(a)make different provision for different cases (including different provision for pension schemes of different descriptions);
(b)provide for a person to exercise a discretion in dealing with any matter;
(c)amend Acts (as well as other enactments);
(d)have retrospective effect.
(2)Regulations under this Part must be made by statutory instrument.
(3)A statutory instrument containing regulations under this Part which amend an Act may not be made unless a draft of the instrument has been laid before, and approved by resolution of, each House of Parliament.
(4)A statutory instrument containing any other regulations under this Part is subject to annulment in pursuance of a resolution of either House of Parliament.
Part 5 E+W+S+N.I.Judicial pensions34Contributions towards cost of judicial pensions etcE+W+S+N.I.(1)After section 9 of the Judicial Pensions and Retirement Act 1993 insert—
“ContributionsE+W+S+N.I.9AContributions towards cost of judicial pension etc(1)The appropriate Minister may, by regulations made with the concurrence of the Treasury, make provision for and in connection with requiring contributions to be made towards the cost of the liability for relevant benefits.
(b)made for the person's period of service in qualifying judicial office;
(a)for any period of service during which an election under section 13 is in force in respect of the person;
(b)for any period of service after the person has completed, in the aggregate, 20 years' service in qualifying judicial office;
(4)For the purposes of subsection (3)(b), it does not matter whether the person's service in qualifying judicial office was service before or after the commencement of section 34(1) of the Pensions Act 2011 (but no contribution is to be made for a person's service before that commencement).
(a)a pension under section 2;
(b)a lump sum under section 4;
(c)payments by way of pension or lump sum under section 19, so far as relating to a pension or lump sum within paragraph (a) or (b).”
(2)Schedule 5 (which makes provision for contributions towards the cost of certain other judicial pensions etc) has effect.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI40S. 34 in force at 3.1.2012 by S.I. 2011/3034, art. 3(g) Part 6 E+W+S+N.I.Miscellaneous and generalMiscellaneousE+W+S+N.I.35Grants by the Secretary of State to advisory bodies etcE+W+S+N.I.(1)Section 174 of the Pension Schemes Act 1993 (grants by the Pensions Regulator to advisory bodies etc) is amended as follows.
“(3)The Secretary of State may make grants on such terms and conditions as the Secretary of State thinks fit to any person or body of persons providing advice or assistance, or carrying out other prescribed functions, in connection with occupational or personal pensions.”
(3)For the heading substitute “ Grants to advisory bodies etc ”.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI41S. 35 in force at 3.1.2012 by S.I. 2011/3034, art. 3(h)36Service of documents and electronic workingE+W+S+N.I.(1)After section 144 of the Pensions Act 2008 insert—
“144AService of documents and electronic workingIn sections 303 to 305 of the Pensions Act 2004 (service of documents and electronic working) references to that Act are to be treated as including references to the following provisions of this Act—
Chapters 2 and 3 of Part 1;
section 60(1)(c);
Chapter 1 of Part 3.”
(2)In section 60 of that Act (requirement to keep records) in subsection (1)(c) for “, on request, to the Regulator” substitute “ to the Regulator on receiving a notification requesting them ”.
(3)In section 150 of that Act (extent) in subsection (2)(f) for “143 to 146” substitute “ 143, 144, 145 and 146 ”.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI42S. 36 in force at 30.6.2012 by S.I. 2012/1681, art. 2(2)(d)GeneralE+W+S+N.I.37ExtentE+W+S+N.I.An amendment or repeal by this Act has the same extent as the enactment amended or repealed.
38CommencementE+W+S+N.I.(1)Any provision of Part 2 that amends another Act so as—
(a)to modify a power to make an order or regulations, or
(b)to confer any such power,
comes into force, for the purposes of the exercise of the power, on the day on which this Act is passed.
(2)The following provisions of this Act come into force on that day—
(a)sections 30 to 33;
(b)section 37;
(d)section 39.
(3)The following provisions of this Act come into force at the end of the period of 2 months beginning with that day—
(a)section 1 (and Schedule 1);
(b)section 25;
(4)The other provisions of this Act come into force in accordance with provision made by order by the Secretary of State.
(5)An order under subsection (4) may appoint different days for different purposes.
(6)The Secretary of State may by order make transitional, transitory or saving provision in connection with the coming into force of any provision of this Act.
(7)An order under subsection (4) or (6) is to be made by statutory instrument.
39Short titleE+W+S+N.I.This Act may be cited as the Pensions Act 2011.
SCHEDULES Section 1SCHEDULE 1E+W+S+N.I.Equalisation of and increase in pensionable age for men and women: consequential amendmentsGas Act 1986 (c. 44)E+W+S+N.I.1In section 48 of the Gas Act 1986 (interpretation of Part 1) in subsection (2B)(b) for “6th April 1955” substitute “ 6th December 1953 ”.E+W+S+N.I.Social Security Administration Act 1992 (c. 5)E+W+S+N.I.2The Social Security Administration Act 1992 is amended as follows.E+W+S+N.I.3In section 2A (claim or full entitlement to certain benefits conditional on work-focused interview) in subsection (1A) for “6 April 1955” substitute “ 6 December 1953 ”.E+W+S+N.I.4In section 2AA (full entitlement to certain benefits conditional on work-focused interview for partner) in subsection (1A) for “6 April 1955” substitute “ 6 December 1953 ”.E+W+S+N.I.5In section 2D (work-related activity) in subsection (9)(e) for “6 April 1955” substitute “ 6 December 1953 ”.E+W+S+N.I.Pensions Act 1995 (c. 26)E+W+S+N.I.6In section 126 of the Pensions Act 1995 (equalisation of and increase in pensionable age etc) in paragraph (a) for the words from “progressively” (where it appears first) to the end of the paragraph substitute “ and then to increase it ”.E+W+S+N.I.Consumers, Estate Agents and Redress Act 2007 (c. 17)E+W+S+N.I.7In section 6 of the Consumers, Estate Agents and Redress Act 2007 (general provision about functions of National Consumer Council) in subsection (10)(b) for “6 April 1955” substitute “ 6 December 1953 ”.E+W+S+N.I.Pensions Act 2007 (c. 22)E+W+S+N.I.8The Pensions Act 2007 is amended as follows.E+W+S+N.I.9In section 13 (increase in pensionable age for men and women)—E+W+S+N.I.(a)in subsection (1) omit from “progressively” to the end;(b)in subsection (3) for “6th April 2024” substitute “ 6th December 2018 ”.10In Schedule 3 (increase in pensionable age for men and women) omit paragraph 4(4).E+W+S+N.I. Section 2F5SCHEDULE 2E+W+S+N.I.Abolition of certain additions to the state pension: consequential amendments etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F5Sch. 2 repealed (6.4.2016 unless brought into force earlier by an order under s. 56(1) of the amending Act) by Pensions Act 2014 (c. 19), s. 56(4), Sch. 12 para. 97(a) Section 3F6SCHEDULE 3E+W+S+N.I.Consolidation of additional pension. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F6Sch. 3 repealed (1.10.2014) by Pensions Act 2014 (c. 19), s. 56(4), Sch. 12 para. 97(b); S.I. 2014/2377, art. 2(1)(a)(ii)(3)(c) Section 22SCHEDULE 4E+W+S+N.I.Pension Protection FundRequirements to obtain actuarial valuationsE+W+S+N.I.1The Pensions Act 2004 is amended as follows.E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI43Sch. 4 para. 1 in force at 3.1.2012 for specified purposes by S.I. 2011/3034, art. 3(i)(i)I44Sch. 4 para. 1 in force at 23.7.2012 for specified purposes by S.I. 2012/1681, art. 3(b)(i)I45Sch. 4 para. 1 in force at 13.3.2013 in so far as not already in force by S.I. 2013/585, art. 2(b)(i)2In section 58(3) (right to apply under section 423 of the Insolvency Act 1986)—E+W+S+N.I.(a)for the words from “an actuarial” to the first “scheme” substitute “ a determination made, or actuarial valuation obtained, in respect of the scheme by the Board of the Pension Protection Fund under section 143(2) ”, and(b)for “that section” substitute “ section 143 ”.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI46Sch. 4 para. 2 in force at 23.7.2012 by S.I. 2012/1681, art. 3(b)(ii)3(1)Section 141 (effect of review of ill-health pension) is amended as follows.E+W+S+N.I.(2)In subsection (4) after “which” insert “ a determination under section 143(2)(a) or ”.(3)In subsection (5)(a) after “first” insert “ makes a determination under section 143(2)(a) or ”.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI47Sch. 4 para. 3 in force at 23.7.2012 by S.I. 2012/1681, art. 3(b)(ii)4In section 142(1) (interpretation) in the definition of “scheme valuation” for “143” substitute “ 143(2)(b) ”.E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI48Sch. 4 para. 4 in force at 23.7.2012 by S.I. 2012/1681, art. 3(b)(ii)5(1)Section 143 (Board's obligation to obtain valuation of assets and protected liabilities) is amended as follows.E+W+S+N.I.(2)For subsection (2) substitute—“(2)The Board must, as soon as reasonably practicable—
(a)determine whether the condition in subsection (2)(a) of the section in question is satisfied, or
(2A)Before doing so, it must give a notice stating whether it will make a determination under subsection (2)(a) or obtain an actuarial valuation under subsection (2)(b) to—
(b)any insolvency practitioner in relation to the employer or, if there is no such insolvency practitioner, the employer.”
(3)In subsection (3) for “those purposes” substitute “ the purposes of this section ”.(4)In subsection (4) for “this section” substitute “ a determination made under subsection (2)(a) or an actuarial valuation obtained under subsection (2)(b) ”.(5)In subsection (5B) for “mentioned in subsection (2)” substitute “ of this section ”.(6)After subsection (5B) insert—“(5C)The Board must issue a statement setting out how (subject to any provision made under subsection (4)) it will make determinations under subsection (2)(a).”
(7)In subsection (6)—(a)after “subsection (4),” insert “ for the purposes of an actuarial valuation obtained under subsection (2)(b) ”, and(b)for “paragraphs (a) and (b) of that subsection” substitute “ subsection (4)(a) and (b) ”.(8)In subsection (9)—(a)for “requires the” substitute “ requires a determination to be made, or an ”, and(b)after “purposes of” insert “ the determination or ”.(9)In subsection (10) for “requires the” substitute “ requires a determination to be made, or an ”.(10)In subsection (11)(b)(ii) after “first” insert “ makes a determination under subsection (2)(a) or ”.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI49Sch. 4 para. 5 in force at 23.7.2012 by S.I. 2012/1681, art. 3(b)(ii)6After section 143 insert—E+W+S+N.I.“143ADeterminations under section 143(1)Where the Board makes a determination under section 143(2)(a) it must give a copy of the determination to—
(2)For the purposes of this Chapter a determination under section 143(2)(a) is not binding until—
(ii)any reference to the PPF Ombudsman in respect of the determination, and
(iii)any appeal against the PPF Ombudsman's determination or directions,
(3)For the purposes of determining whether or not the condition in section 127(2)(a) or, as the case may be, section 128(2)(a) (condition that scheme assets are less than protected liabilities) is satisfied in relation to a scheme, a binding determination under section 143(2)(a) is conclusive.
This subsection is subject to section 172(3) and (4) (treatment of fraud compensation payments).
(4)Where a determination under section 143(2)(a) becomes binding under this section the Board must as soon as reasonably practicable give a notice to that effect together with a copy of the binding determination to—
(5)A notice under subsection (4) must be in the prescribed form and contain the prescribed information.”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI50Sch. 4 para. 6 in force at 23.7.2012 by S.I. 2012/1681, art. 3(b)(ii)7(1)Section 144 (approval of valuation) is amended as follows.E+W+S+N.I.(2)In subsection (1) for “143” substitute “ 143(2)(b) ”.(3)In subsection (2) for “that section” substitute “ section 143 ”.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI51Sch. 4 para. 7 in force at 23.7.2012 by S.I. 2012/1681, art. 3(b)(ii)8In section 145(1) (binding valuations) for “143” substitute “ 143(2)(b) ”.E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI52Sch. 4 para. 8 in force at 23.7.2012 by S.I. 2012/1681, art. 3(b)(ii)9(1)Section 151 (application for Board to assume responsibility for schemes) is amended as follows.E+W+S+N.I.(2)In subsections (2)(b) and (3)(b) for the words from “the valuation” to “scheme” substitute “ the determination made by the Board or valuation obtained by the Board in respect of the scheme under section 143(2) ”.(3)In subsection (6)—(a)in paragraphs (a)(ii) and (b)(ii) after “binding” insert “ determination or ”, and(b)in paragraph (a)(ii) for “section” substitute “ subsection ”.(4)In subsection (10) for “under that section” substitute “ under section 143(2)(b) ”.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI53Sch. 4 para. 9 in force at 23.7.2012 by S.I. 2012/1681, art. 3(b)(ii)10In section 154(5)(b) (requirement to wind up scheme) after “that the” insert “ determination made by the Board or ”.E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI54Sch. 4 para. 10 in force at 23.7.2012 by S.I. 2012/1681, art. 3(b)(ii)11(1)Section 158 (Board's duty to assume responsibility for closed schemes) is amended as follows.E+W+S+N.I.(2)For subsection (3) substitute—“(3)The Board must, as soon as reasonably practicable—
(a)determine whether the condition in subsection (1) is satisfied, or
(b)for the purposes of determining whether that condition is satisfied, obtain an actuarial valuation (within the meaning of section 143) of the scheme as at the relevant time.
(3A)Before doing so, it must give the trustees or managers of the scheme a notice stating whether it will make a determination under subsection (3)(a) or obtain an actuarial valuation under subsection (3)(b).”
(3)In subsection (4) for “those purposes as it applies for the purposes mentioned in subsection (2)” substitute “ the purposes of this section as it applies for the purposes ”.(4)In subsection (5)—(a)for “a valuation obtained under subsection (3)” substitute “ a determination made under subsection (3)(a) and a valuation obtained under subsection (3)(b) ”,(b)for “a valuation obtained under section 143” substitute “ a determination made under section 143(2)(a) and a valuation obtained under section 143(2)(b) ”, and(c)after paragraph (a) insert—“(aa)section 143A (determinations under section 143), other than subsections (1)(c) and (4)(c) (duty to give copy of determinations to employer's insolvency practitioner);”.
(5)In subsection (6)—(a)after “sections 143” insert “ , 143A ”,(b)omit “and” at the end of paragraph (a), and(c)after that paragraph insert—“(aa)subsection (3) of section 143A applies as if the reference to section 128(2)(a) included a reference to subsection (1) of this section, and”.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI55Sch. 4 para. 11 in force at 23.7.2012 by S.I. 2012/1681, art. 3(b)(ii)12(1)Section 160 (transfer notice) is amended as follows.E+W+S+N.I.(2)In subsection (3) for “valuation obtained under section 143” substitute “ determination made or valuation obtained under section 143(2) ”.(3)In subsection (4) after “until the” insert “ determination made or ”.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI56Sch. 4 para. 12 in force at 23.7.2012 by S.I. 2012/1681, art. 3(b)(ii)13(1)Schedule 9 (reviewable matters) is amended as follows.E+W+S+N.I.(2)For paragraph 8 substitute—“7BA notice under section 143(2A) (whether Board will make a determination or obtain an actuarial valuation).7CThe failure by the Board either to—(a)make a determination under section 143(2)(a), or
(b)obtain an actuarial valuation under section 143(2)(b).
7DA determination by the Board under section 143(2)(a) (whether condition in section 127(2)(a) or 128(2)(a) satisfied).”(3)After paragraph 14 insert—“14AA notice under section 158(3A) (whether Board will make a determination or obtain an actuarial valuation).14BThe failure by the Board either to—(a)make a determination under section 158(3)(a), or
(b)obtain an actuarial valuation under section 158(3)(b).
14CA determination by the Board under section 158(3)(a) (whether condition in section 158(1) satisfied).”Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI57Sch. 4 para. 13 in force at 23.7.2012 by S.I. 2012/1681, art. 3(b)(ii)Requirement to obtain protected benefits quotationE+W+S+N.I.14In section 151(4)(a) of the Pensions Act 2004 (application for Board to assume responsibility for scheme) after “form,” insert “ or evidence in the prescribed form which shows that the trustees or managers of the scheme have taken all reasonable steps to obtain a protected benefits quotation but were unable to do so, ”.E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI58Sch. 4 para. 14 in force at 23.7.2012 by S.I. 2012/1681, art. 3(b)(iii)15(1)Section 152 of the Pensions Act 2004 (Board's duty to assume responsibility for scheme) is amended as follows.E+W+S+N.I.(2)After subsection (1) insert—“(1A)Subsection (2) applies where the application is accompanied by a protected benefits quotation.”
(3)After subsection (2) insert—“(2A)Subsection (2B) applies where—
(a)the application is accompanied by evidence in the prescribed form which shows that the trustees or managers of the scheme have taken all reasonable steps to obtain a protected benefits quotation but were unable to do so, and
(b)the Board is satisfied that that is the case.
(2B)The Board must assume responsibility for the scheme in accordance with this Chapter if it is satisfied that the value of the assets of the scheme at the reconsideration time is less than the amount of the protected liabilities at that time.”
(4)In subsection (3)—(a)after “subsection (2)” insert “ or (2B) ”, and(b)for “a determination notice” substitute “ a notice to that effect (a “determination notice”) ”.(5)Omit subsection (4).(6)In subsection (5)—(a)after “in subsection (2)” insert “ or (2B) ”, and(b)for “under subsection (2)” substitute “ under that subsection ”.(7)Omit subsection (8).(8)In subsection (10) for “Regulations” substitute “ Where subsection (2) applies, regulations ”.(9)After subsection (10) insert—“(10A)The Board may, for the purposes of subsection (2B), obtain its own valuation of the assets of the scheme and the protected liabilities of the scheme as at the reconsideration time (within the meaning of section 151).
(10B)A valuation under subsection (10A) must be prepared in accordance with such requirements as may be prescribed.
(10C)Section 143(3) to (6) applies in relation to a determination under subsection (2B) and a valuation under subsection (10A) as it applies in relation to a determination under section 143(2)(a) and an actuarial valuation obtained under section 143(2)(b).
(10D)In the application of section 143 by virtue of subsection (10C)—
(a)references to the relevant time are to be read as references to the reconsideration time (within the meaning of section 151), and
(b)references to the pre-approval period are to be read as references to the period which begins immediately after the reconsideration time, and ends immediately before the Board first issues a determination notice under this section.”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI59Sch. 4 para. 15 in force at 23.7.2012 by S.I. 2012/1681, art. 3(b)(iii)16In the following provisions of the Pensions Act 2004 after “152(2)” insert “ or (2B) ”E+W+S+N.I.(a)section 154(2)(c) (requirement to wind up certain schemes), and(b)section 172(4) and (5)(c) (fraud compensation regime).Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI60Sch. 4 para. 16 in force at 23.7.2012 by S.I. 2012/1681, art. 3(b)(iii)Removal of restriction on transfer noticesE+W+S+N.I.17(1)The Pensions Act 2004 is amended as follows.E+W+S+N.I.(2)In section 160(7) (transfer notice)—(a)for “172(1) and (2)” substitute “ 172(2) ”, and(b)omit “within first 12 months of assessment period or”.(3)Omit section 172(1) (no transfer notice within first 12 months of assessment period).Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI61Sch. 4 para. 17 in force at 3.1.2012 by S.I. 2011/3034, art. 3(i)(ii)Parliamentary control of subordinate legislationE+W+S+N.I.18(1)Section 316(2) of the Pensions Act 2004 (subordinate legislation subject to affirmative procedure) is amended as follows.E+W+S+N.I.(2)Omit paragraph (a) (the administration levy).(3)In paragraph (f) (the levy ceiling) after “ceiling)” insert “ which is made by virtue of section 178(8) ”.(4)In paragraph (s) (the compensation cap) after “Fund)” insert “ except an order which is made by virtue of paragraph 27 of that Schedule ”.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI62Sch. 4 para. 18 in force at 3.1.2012 by S.I. 2011/3034, art. 3(i)(iii)Pension credit membersE+W+S+N.I.19(1)Schedule 7 to the Pensions Act 2004 (pension compensation provisions) is amended as follows.E+W+S+N.I.(2)For paragraph 21 (pension credit members under normal benefit age at assessment date) substitute—“21(1)This paragraph applies to a person who—
(a)is a pension credit member of the scheme immediately before the assessment date, but
(b)has not attained normal benefit age before that date.
(2)But it applies only to the extent that the member's pension credit rights do not involve the member being credited by the scheme with notional pensionable service.
(3)Paragraphs 15, 18 and 19 apply to the pension credit member as they apply to a deferred member who has not attained normal pension age before the assessment date, subject to the following modifications.
(4)In paragraph 15—
(a)in sub-paragraphs (1) and (2) the references to normal pension age are to be read as references to normal benefit age,
(b)in sub-paragraph (4) for the words from “the aggregate of” to the end substitute “ the accrued amount ”, and
“(5)In sub-paragraph (4) “the accrued amount” means an amount equal to the initial annual rate of the pension to which the deferred member would have been entitled in accordance with the admissible rules had the member attained normal benefit age on the transfer day.”
(5)In paragraph 18—
“(b)the pension was attributable (directly or indirectly) to a pension credit to which the deferred member became entitled under section 29(1)(b) of the Welfare Reform and Pensions Act 1999.”, and
(b)in sub-paragraph (3) the references to normal pension age are to be read as references to normal benefit age.
(b)in sub-paragraph (4) for the words from “the aggregate of” to the end substitute “ the accrued amount ”,
“(5)In sub-paragraph (4) “the accrued amount” means an amount equal to the amount of the scheme lump sum to which the deferred member would have been entitled in accordance with the admissible rules had the member attained normal benefit age on the transfer day.”, and
(d)omit sub-paragraph (6).
(7)In this paragraph “transfer day” has the meaning given by section 29 of the Welfare Reform and Pensions Act 1999 (creation of pension debits and credits).
21A(1)This paragraph applies to a person who—
(2)But it applies only to the extent that the member's pension credit rights involve the member being credited by the scheme with notional pensionable service.
(3)Paragraphs 15 to 19 apply to the pension credit member as they apply to a deferred member who has not attained normal pension age before the assessment date, subject to the following modifications.
(a)in sub-paragraphs (1) and (2) the references to normal pension age are to be read as references to normal benefit age, and
(b)for sub-paragraph (5) substitute—
(5)In paragraph 16(2)(a) for the words from “day after” to “ended” substitute “ transfer day ”.
(6)In paragraph 17(2)(b) the reference to normal pension age is to be read as a reference to normal benefit age.
(7)In paragraph 18—
(8)In paragraph 19—
“(5)In sub-paragraph (4) “the accrued amount” means an amount equal to the amount of the scheme lump sum to which the deferred member would have been entitled in accordance with the admissible rules had the member attained normal benefit age on the transfer day.”
(9)In this paragraph “transfer day” has the meaning given by section 29 of the Welfare Reform and Pensions Act 1999 (creation of pension debits and credits).”
(3)In each of the following after “21” insert “ or 21A ”(a)paragraph 25(1) (early payment of compensation),(b)paragraph 25(3) (as amended by paragraph 12 of Schedule 8 to the Pensions Act 2008),(c)in paragraph 25B(4) (terminal illness lump sum) paragraph (b) of the definition of “relevant age”, and(d)paragraph 28(8)(c) (annual increase in periodic compensation).(4)In paragraph 36(5)(a) (meaning of “pensionable service”) after “credit” insert “ (except for the purposes of paragraphs 21 and 21A) ”.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI63Sch. 4 para. 19 in force at 3.1.2012 by S.I. 2011/3034, art. 3(i)(iv)20In the Pensions Act 2008 omit paragraphs 10 and 11 of Schedule 8 (which amend paragraph 21 of Schedule 7 to the Pensions Act 2004).E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI64Sch. 4 para. 20 in force at 3.1.2012 by S.I. 2011/3034, art. 3(i)(iv)Postponement of compensationE+W+S+N.I.21Schedule 7 to the Pensions Act 2004 (pension compensation provisions) is amended as follows.E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI65Sch. 4 para. 21 in force at 13.3.2013 by S.I. 2013/585, art. 2(b)(ii)22For paragraph 25A (deferral of compensation) and the heading before it substitute—E+W+S+N.I.“Postponement of compensationE+W+S+N.I.25A(1)Regulations may prescribe circumstances in which, and conditions subject to which—
(a)a person who becomes entitled to periodic compensation under paragraph 5, 8, 11 or 15 may elect to postpone the commencement of periodic compensation under that paragraph, and
(b)a person who becomes entitled to lump sum compensation under paragraph 7, 10, 14 or 19 may elect to postpone the payment of lump sum compensation under that paragraph.
(2)Where the commencement of periodic compensation under paragraph 5, 8, 11 or 15 ceases to be postponed, the Board must determine—
(a)the amount mentioned in sub-paragraph (3)(a) of that paragraph, as at the time the periodic compensation would have commenced if its commencement had not been postponed, and
(b)the amount in paragraph (a), increased in accordance with actuarial factors published by the Board.
(3)References in this Schedule to the amount of an actuarial increase under this paragraph, in relation to periodic compensation, are to the difference between the amounts in sub-paragraphs (2)(a) and (2)(b).
(4)Where the payment of lump sum compensation under paragraph 7, 10, 14 or 19 ceases to be postponed, the Board must determine—
(a)the relevant amount, as at the time the lump sum compensation would have been payable if its payment had not been postponed, and
(5)References in this Schedule to the amount of an actuarial increase under this paragraph, in relation to lump sum compensation, are to the difference between the amounts in sub-paragraphs (4)(a) and (4)(b).
(6)In sub-paragraph (4) the “relevant amount” means (as appropriate)—
(a)the amount mentioned in paragraph 7(2)(a),
(b)the aggregate of the amounts mentioned in paragraph 10(2)(a) and (b),
(c)the amount mentioned in paragraph 14(3)(a), or
(d)the amount mentioned in paragraph 19(3)(a).”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI66Sch. 4 para. 22 in force at 13.3.2013 by S.I. 2013/585, art. 2(b)(ii)23(1)In paragraph 5(3) (periodic compensation for postponed pensioner at assessment date)—E+W+S+N.I.(a)omit “and” at the end of paragraph (a), and(b)after that paragraph insert—“(aa)if the commencement of periodic compensation under this paragraph has been postponed for any period by virtue of paragraph 25A, the amount of the actuarial increase under that paragraph, and”.
(2)In paragraph 7(2) (lump sum compensation for postponed pensioner at assessment date) for the words from “the amount” to the end substitute “the aggregate of— (a)the amount of the scheme lump sum which would have been payable had the postponement ceased immediately before the assessment date, and
(b)if the payment of compensation under this paragraph has been postponed for any period by virtue of paragraph 25A, the amount of the actuarial increase under that paragraph.”
(3)In paragraph 8(3) (periodic compensation for active member over pension age at assessment date)—(a)omit “and” at the end of paragraph (a), and(b)after that paragraph insert—“(aa)if the commencement of periodic compensation under this paragraph has been postponed for any period by virtue of paragraph 25A, the amount of the actuarial increase under that paragraph, and”.
(4)In paragraph 10(2) (lump sum compensation for active member over pension age at assessment date)—(a)omit “and” at the end of paragraph (a), and(b)after paragraph (b) insert “, and (c)if the payment of compensation under this paragraph has been postponed for any period by virtue of paragraph 25A, the amount of the actuarial increase under that paragraph.”
(5)In paragraph 11(3) (periodic compensation for active member under pension age at assessment date)—(a)omit “and” at the end of paragraph (a), and(b)after that paragraph insert—“(aa)if the commencement of periodic compensation under this paragraph has been postponed for any period by virtue of paragraph 25A, the amount of the actuarial increase under that paragraph, and”.
(6)In paragraph 14(3) (lump sum compensation for active member under pension age at assessment date) for “the protected amount” substitute “the aggregate of— (a)the protected amount, and
(7)In paragraph 15(3) (periodic compensation for deferred member under pension age at assessment date)—(a)omit “and” at the end of paragraph (a), and(b)after that paragraph insert—“(aa)if the commencement of periodic compensation under this paragraph has been postponed for any period by virtue of paragraph 25A, the amount of the actuarial increase under that paragraph, and”.
(8)In paragraph 19(3) (lump sum compensation for deferred member under pension age at assessment date) for “the protected amount” substitute “the aggregate of— (a)the protected amount, and
(9)In paragraph 26 (compensation cap)—(a)in sub-paragraphs (3)(c) and (6)(e) for “14(3)” substitute “ 14(3)(a) ”, and(b)in sub-paragraphs (3)(e) and (6)(g) for “19(3)” substitute “ 19(3)(a) ”.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI67Sch. 4 para. 23 in force at 13.3.2013 by S.I. 2013/585, art. 2(b)(ii)24(1)In paragraph 6 (periodic compensation for widow or widower of postponed pensioner at assessment date)—E+W+S+N.I.(a)in sub-paragraph (3) after “including” insert “ any actuarial increase under paragraph 25A and ”, and(b)after sub-paragraph (3) insert—“(3A)If, on the day the postponed pensioner (“P”) died, commencement of P's periodic compensation under paragraph 5 was postponed by virtue of paragraph 25A, assume for the purposes of sub-paragraph (3) that the periodic compensation commenced immediately before the date of P's death.”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI68Sch. 4 para. 24 in force at 13.3.2013 by S.I. 2013/585, art. 2(b)(ii)25In paragraph 24(1) (commutation of periodic compensation) for “becomes payable” substitute “ commences ”.E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI69Sch. 4 para. 25 in force at 13.3.2013 by S.I. 2013/585, art. 2(b)(ii)26(1)In paragraph 25B (eligibility for terminal illness lump sum)—E+W+S+N.I.(a)in sub-paragraph (4) in the definition of “relevant age”—(i)in paragraph (a) omit “or deferred” and “or (as the case may be) 25A”, and(ii)in paragraph (b) omit “or deferred”, and(b)after sub-paragraph (4) insert—“(5)Sub-paragraph (6) applies where—
(a)the commencement of a person's periodic compensation under paragraph 11 or 15 is postponed by virtue of paragraph 25A, or
(b)the payment of a person's lump sum compensation under paragraph 14 or 19 is postponed by virtue of that paragraph.
(6)This paragraph applies as if—
(a)the person first becomes entitled to compensation under the paragraph in question immediately after the period of postponement ends, and
(b)in sub-paragraph (1)(b), for “if the person lived to the relevant age, the person would become entitled on attaining that age” there were substituted “ if the period of postponement ended, the person would become entitled ”.”
(2)In paragraph 25E (effect of successful application for terminal illness lump sum) after sub-paragraph (6) insert—“(7)Where on the granting of the application—
(b)the payment of a person's lump sum compensation under paragraph 14 or 19 is postponed by virtue of that paragraph,
this paragraph applies as if the references to the person attaining the relevant age were references to the period of postponement ending.”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI70Sch. 4 para. 26 in force at 13.3.2013 by S.I. 2013/585, art. 2(b)(ii)27(1)Paragraph 28 (annual increase in periodic compensation) is amended as follows.E+W+S+N.I.(2)In sub-paragraph (3)—(a)in the definition of “underlying rate” for “any of the paragraphs mentioned in sub-paragraph (1)” substitute “ paragraph 3 or 22 ”, and(b)after that definition insert—““underlying rate” means, in the case of periodic compensation under paragraph 5, 8, 11 or 15, the aggregate of—
(a)so much of the amount mentioned in sub-paragraph (3)(a) of the paragraph in question as is attributable to post-1997 service,
(b)so much of the amount mentioned in sub-paragraph (3)(aa) of the paragraph in question as is attributable to post-1997 service, and
(c)the amount within sub-paragraph (3)(b) of that paragraph immediately before the indexation date.”
(3)In sub-paragraph (5)—(a)in paragraph (a) for the second “the” substitute “ each ”,(b)omit the “and” at the end of that paragraph, and(c)after paragraph (b) insert—“(c)for the purposes of sub-paragraph (2), the definition of “underlying rate” in the case of periodic compensation under paragraph 5, 8, 11 or 15 applies as if the reference in paragraph (b) of the definition to the amount mentioned in sub-paragraph (3)(aa) of the paragraph in question was a reference to that amount reduced by the commutation percentage, and
(d)that amount (as so reduced) is attributable to post-1997 service and pre-1997 service in the same proportions as that amount would have been so attributable had no part of the periodic compensation been commuted.”
(4)After sub-paragraph (5) insert—“(5A)The amount mentioned in sub-paragraph (3)(aa) of paragraph 5, 8, 11 or 15 is attributable—
(5B)Where the commencement of periodic compensation under paragraph 5, 8, 11 or 15 has been postponed by virtue of paragraph 25A, this paragraph applies as if the person first becomes entitled to periodic compensation under the paragraph in question on the day on which the periodic compensation commences.”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI71Sch. 4 para. 27 in force at 13.3.2013 by S.I. 2013/585, art. 2(b)(ii)28(1)In paragraph 29 (Board's powers to alter rates of revaluation and indexation) after sub-paragraph (6) insert—E+W+S+N.I.“(6A)A determination under sub-paragraph (2) which has effect as mentioned in sub-paragraph (6)(b)(ii) may provide that, where the payment of periodic compensation to a person is postponed by virtue of paragraph 25A, the determination applies as if the person first becomes entitled to the periodic compensation on the day on which the periodic compensation commences.”
(2)In paragraph 30 (Secretary of State's powers to vary percentage paid as compensation) after sub-paragraph (6) insert—“(6A)An order under this paragraph which has effect as mentioned in sub-paragraph (6)(b)(ii) may provide that, where the payment of compensation to a person is postponed by virtue of paragraph 25A, the order applies as if the person first becomes entitled to the compensation immediately after the period of postponement ends.”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI72Sch. 4 para. 28 in force at 13.3.2013 by S.I. 2013/585, art. 2(b)(ii)Pension compensation sharing: postponement of compensationE+W+S+N.I.29Schedule 5 to the Pensions Act 2008 (pension compensation payable on discharge of pension compensation credit) is amended as follows.E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI73Sch. 4 para. 29 in force at 13.3.2013 by S.I. 2013/585, art. 2(b)(iii)30(1)Omit paragraph 11 (deferral of compensation).E+W+S+N.I.(2)In Part 4 after the Part heading insert—“Postponement of compensationE+W+S+N.I.16A(1)Regulations may prescribe circumstances in which, and conditions subject to which, a person who becomes entitled to periodic compensation under paragraph 4 or 6 may elect to postpone the commencement of periodic compensation under that paragraph.
(2)Where the commencement of periodic compensation under paragraph 4 or 6 ceases to be postponed, the Board must determine—
(a)the relevant amount, as at the time the periodic compensation would have commenced if its commencement had not been postponed, and
(3)References in this Schedule to the amount of an actuarial increase under this paragraph are to the difference between the amounts in sub-paragraphs (2)(a) and (2)(b).
(4)In sub-paragraph (2) the “relevant amount” means (as appropriate)—
(a)the amount mentioned in paragraph 4(3)(a), or
(b)the aggregate of the amounts mentioned in paragraph 6(3)(a) and (b).”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI74Sch. 4 para. 30 in force at 13.3.2013 by S.I. 2013/585, art. 2(b)(iii)31(1)In paragraph 4(3) (periodic compensation for transferee over pension compensation age on transfer day)—E+W+S+N.I.(a)omit “and” at the end of paragraph (a), and(b)after that paragraph insert—“(aa)if the commencement of periodic compensation under this paragraph has been postponed for any period by virtue of paragraph 16A, the amount of the actuarial increase under that paragraph, and”.
(2)In paragraph 4(4) (provisions to which paragraph 4 is subject) after “subject to” insert “ paragraph 16A (postponement of compensation) and ”.(3)In paragraph 6(3) (periodic compensation for transferee under pension compensation age on transfer day)—(a)omit “and” at the end of paragraph (b), and(b)after that paragraph insert—“(ba)if the commencement of periodic compensation under this paragraph has been postponed for any period by virtue of paragraph 16A, the amount of the actuarial increase under that paragraph, and”.
(4)In paragraph 6(4) (provisions to which paragraph 6 is subject)—(a)omit the entry for paragraph 11,(b)omit “and” at the end of the entry for paragraph 15, and(c)after that entry insert— “ paragraph 16A (postponement of compensation), and ”.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI75Sch. 4 para. 31 in force at 13.3.2013 by S.I. 2013/585, art. 2(b)(iii)32(1)In paragraph 5 (periodic compensation for widow etc of transferee over pension compensation age on transfer day)—E+W+S+N.I.(a)in sub-paragraph (3) after “(including” insert “ any actuarial increase under paragraph 16A and ”, and(b)after sub-paragraph (3) insert—“(3A)If, on the day the transferee (“T”) died, commencement of T's periodic compensation under paragraph 4 was postponed by virtue of paragraph 16A, assume for the purposes of sub-paragraph (3) that the periodic compensation commenced immediately before the date of T's death.”
(2)In paragraph 7 (periodic compensation for widow etc of transferee under pension compensation age on transfer day)—(a)in sub-paragraph (3)(a) after “(see paragraph 8)” insert “ , any actuarial increase under paragraph 16A ”,(b)in sub-paragraph (3)(b) after sub-paragraph (ii) insert—“(assuming commencement of the periodic compensation was not postponed by virtue of paragraph 16A).”, and
(c)after sub-paragraph (3) insert—“(3A)For the purposes of sub-paragraph (3)(a), if on the day the transferee (“T”) died commencement of T's periodic compensation under paragraph 6 was postponed by virtue of paragraph 16A, assume that the periodic compensation commenced immediately before the date of T's death.”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI76Sch. 4 para. 32 in force at 13.3.2013 by S.I. 2013/585, art. 2(b)(iii)33In paragraph 9(1) (commutation of periodic compensation) for “becomes payable” substitute “ commences ”.E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI77Sch. 4 para. 33 in force at 13.3.2013 by S.I. 2013/585, art. 2(b)(iii)34(1)In paragraph 12 (eligibility for terminal illness lump sum)—E+W+S+N.I.(a)in sub-paragraph (4) in the definition of “relevant age”—(i)in paragraph (a) omit “or deferred” and “or (as the case may be) 11”, and(ii)in paragraph (b) omit “or deferred”, and(b)after sub-paragraph (4) insert—“(5)Sub-paragraph (6) applies where the commencement of a person's periodic compensation under paragraph 6 is postponed by virtue of paragraph 16A.
(a)the person first becomes entitled to compensation under paragraph 6 immediately after the period of postponement ends, and
(b)in sub-paragraph (1)(b), for “if the transferee lived to the relevant age, he or she would become entitled on attaining that age” there were substituted “ if the period of postponement ended, the transferee would become entitled ”.”
(2)In paragraph 15 (effect of successful application for terminal illness lump sum) after sub-paragraph (3) insert—“(4)Where on the granting of the application the commencement of a person's periodic compensation under paragraph 6 is postponed by virtue of paragraph 16A, this paragraph applies as if the references to the transferee attaining the relevant age were references to the period of postponement ending.”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI78Sch. 4 para. 34 in force at 13.3.2013 by S.I. 2013/585, art. 2(b)(iii)35(1)Paragraph 17 (annual increase in periodic compensation) is amended as follows.E+W+S+N.I.(2)In sub-paragraph (4) in the definition of “the underlying rate”—(a)omit “and” at the end of paragraph (a), and(b)after that paragraph insert—“(aa)so much of any actuarial increase under paragraph 16A as relates to the amount in paragraph (a), and”.
(3)In sub-paragraph (7)—(a)after “references in” insert “ paragraph (a) of ”, and(b)at the end insert “ (and paragraph (aa) of the definition applies accordingly). ”(4)After sub-paragraph (7) insert—“(7A)Where the commencement of periodic compensation has been postponed by virtue of paragraph 16A, this paragraph applies as if the transferee first becomes entitled to the periodic compensation on the day on which the periodic compensation commences.”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI79Sch. 4 para. 35 in force at 13.3.2013 by S.I. 2013/585, art. 2(b)(iii)36In paragraph 20 (Board's power to alter rates of revaluation and indexation) after sub-paragraph (5) insert—E+W+S+N.I.“(5A)A determination under sub-paragraph (1)(b) which has effect as mentioned in sub-paragraph (5)(b)(ii) may provide that, where the payment of periodic compensation to the transferee is postponed by virtue of paragraph 16A, the determination applies as if the transferee first becomes entitled to the periodic compensation on the day on which the periodic compensation commences.”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI80Sch. 4 para. 36 in force at 13.3.2013 by S.I. 2013/585, art. 2(b)(iii)Calculation of compensation: admissible rules etcE+W+S+N.I.37(1)Schedule 7 to the Pensions Act 2004 (pension compensation provisions) is amended as follows.E+W+S+N.I.(2)In paragraph 3(6) (pensions in payment at assessment date) for “35(3)” substitute “ 35(3A) ”.(3)In paragraph 5(5) (pensions postponed at assessment date) for “35(3)” substitute “ 35(3A) ”.(4)In paragraph 35 (admissible rules, recent discretionary increases etc)—(a)for sub-paragraph (3) substitute—“(3)This sub-paragraph applies to a scheme if, in calculating the protected liabilities in relation to the scheme at the relevant time, the effect of taking into account any recent rule changes is that those liabilities are greater than they otherwise would be.
(3A)This sub-paragraph applies to a scheme if, in calculating the protected liabilities in relation to the scheme at the relevant time, the effect of taking into account any recent discretionary increases is that those liabilities are greater than they otherwise would be.”, and
(b)in sub-paragraph (4) for “sub-paragraph (3)” substitute “ sub-paragraphs (3) and (3A) ”.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI81Sch. 4 para. 37 in force at 3.1.2012 by S.I. 2011/3034, art. 3(i)(v) Section 34SCHEDULE 5E+W+S+N.I.Contributions towards cost of judicial pensions etc Part 1 E+W+S+N.I.Contributions towards cost of judicial pensionsDistrict Judges (Magistrates' Courts) Pensions Act (Northern Ireland) 1960 (c. 2 (N.I.))E+W+S+N.I.1(1)The District Judges (Magistrates' Courts) Pensions Act (Northern Ireland) 1960 is amended as follows.E+W+S+N.I.(2)Before section 9 (and after the heading “Contributions”) insert—“8AContributions towards cost of pension etc(1)The Lord Chancellor may, by regulations made with the consent of the Treasury, make provision for and in connection with requiring contributions to be made towards the cost of the liability for relevant benefits.
(b)a lump sum under section 3;
(7)Regulations made under this section shall be subject to annulment in like manner as a statutory instrument and section 5 of the Statutory Instruments Act 1946 shall apply accordingly.”
(3)In section 10(a) (district judges (magistrates' courts) serving again after retirement) after “any contribution” insert “ by virtue of section 9 ”.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI82Sch. 5 para. 1 in force at 3.1.2012 by S.I. 2011/3034, art. 3(j)Judicial Pensions Act 1981 (c. 20)E+W+S+N.I.2(1)The Judicial Pensions Act 1981 is amended as follows.E+W+S+N.I.(2)In section 25(1)(a) (persons serving again after retirement) after “any contribution” insert “ by virtue of section 23 ”.(3)After section 33 insert—“33ZAContributions towards cost of certain judicial pensions etc(1)The appropriate Minister may, by regulations made with the concurrence of the Treasury, make provision for and in connection with requiring contributions to be made towards the cost of the liability for relevant benefits.
(a)for any period of service during which an election under section 14A is in force in respect of the person;
(4)For the purposes of subsection (3)(b), it does not matter whether the person's relevant service was service before or after the commencement of paragraph 2 of Schedule 5 to the Pensions Act 2011 (but no contribution is to be made for a person's service before that commencement).
(a)in relation to offices existing only in Scotland, the Secretary of State, or
(b)subject to paragraph (a), the Lord Chancellor;
(a)a pension under section 7 or Schedule 1;
(b)a pension for a sheriff (but not a sheriff principal) under section 1 of the Sheriffs' Pensions (Scotland) Act 1961;
(c)a lump sum under section 17, so far as relating to a pension within paragraph (a) or (b);
“relevant service”—
(a)in relation to a pension under section 7 or a lump sum under section 17 so far as relating to such a pension, means service as a stipendiary magistrate in England or Wales;
(b)in relation to a pension for service in an office in paragraph 1 of Schedule 1 (except where under paragraph 3 of that Schedule this section does not apply) or a lump sum under section 17 so far as relating to such a pension, means relevant service as defined in paragraph 2 of that Schedule in relation to the office;
(c)in relation to a pension for a sheriff (but not a sheriff principal) under section 1 of the Sheriffs' Pensions (Scotland) Act 1961 or a lump sum under section 17 so far as relating to such a pension, means service as a sheriff (but not a sheriff principal).
(b)may make different provision for different cases or classes of case;
(c)may make provision for consequential, transitional and incidental matters.
(7)A statutory instrument containing regulations under this section is subject to annulment in pursuance of a resolution of either House of Parliament.”
(4)In Schedule 1 (certain Senior Courts and county court officers and President of Transport Tribunal) in paragraph 3(2)(b) after “Part II” insert “ and section 33ZA ”.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI83Sch. 5 para. 2 in force at 3.1.2012 by S.I. 2011/3034, art. 3(j)Constitutional Reform Act 2005 (c. 4) E+W+S+N.I.3(1)Paragraph 4 of Schedule 7 to the Constitutional Reform Act 2005 (Lord Chancellor's protected functions) is amended as follows.E+W+S+N.I.(2)In the entries relating to the Judicial Pensions Act 1981 at the appropriate place insert “ Section 33ZA. ”(3)In the entries relating to the Judicial Pensions and Retirement Act 1993 at the appropriate place insert “ Section 9A. ”(4)In the entries relating to the District Judges (Magistrates' Courts) Pensions Act (Northern Ireland) 1960 at the appropriate place insert “ Section 8A. ”Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI84Sch. 5 para. 3 in force at 3.1.2012 by S.I. 2011/3034, art. 3(j) Part 2 E+W+S+N.I.Minor amendments relating to judicial pensionsSheriffs' Pensions (Scotland) Act 1961 (c. 42) E+W+S+N.I.4In section 9A of the Sheriffs' Pensions (Scotland) Act 1961 (appeals) after subsection (4) insert—E+W+S+N.I.“(4A)Regulations under subsection (3) are to be made by statutory instrument.
(4B)A statutory instrument containing regulations under subsection (3) is subject to annulment in pursuance of a resolution of either House of Parliament.”
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI85Sch. 5 para. 4 in force at 3.1.2012 by S.I. 2011/3034, art. 3(j)Judicial Pensions Act 1981 (c. 20)E+W+S+N.I.5In section 32A of the Judicial Pensions Act 1981 (appeals) after subsection (5) insert—E+W+S+N.I.“(5A)Regulations under subsection (4) are to be made by statutory instrument.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI86Sch. 5 para. 5 in force at 3.1.2012 by S.I. 2011/3034, art. 3(j)PreviousNextBack to topOptions/HelpPrint OptionsPrint The Whole ActPDF The Whole ActWeb page The Whole ActLegislation is available in different versions:Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.See additional information alongside the contentGeographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.Opening OptionsDifferent options to open legislation in order to view more content on screen at onceExplanatory NotesText created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.More ResourcesAccess essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:the original print PDF of the as enacted version that was used for the print copylists of changes made by and/or affecting this legislation itemconfers power and blanket amendment detailsall formats of all associated documentscorrection slipslinks to related legislation and further information resourcesImpact AssessmentsImpact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:Why the government is proposing to intervene;The main options the government is considering, and which one is preferred;How and to what extent new policies may impact on them; and,The estimated costs and benefits of proposed measures.Timeline of ChangesThis timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.More ResourcesUse this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:the original print PDF of the as enacted version that was used for the print copycorrection slipsClick 'View More' or select 'More Resources' tab for additional information including:lists of changes made by and/or affecting this legislation itemconfers power and blanket amendment detailsall formats of all associated documentslinks to related legislation and further information resourcesAll content is available under the Open Government Licence v3.0 except where otherwise stated© Crown copyright