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Changes over time for: Cross Heading: Financial assistance scheme
Llinell Amser Newidiadau
This 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.
Status:
Point in time view as at 13/03/2013.
Changes to legislation:
There are currently no known outstanding effects for the Pensions Act 2011, Cross Heading: Financial assistance scheme.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Financial assistance schemeU.K.
23Financial assistance scheme: amount of paymentsU.K.
(1)In section 286 of the Pensions Act 2004 (financial assistance scheme) after subsection (1B) insert—
“(1C)Regulations under subsection (1) may prescribe circumstances in which subsection (1A) does not apply.”
(2)In section 18 of the Pensions Act 2007 (financial assistance scheme: increased levels of payments) after subsection (9) insert—
“(9A)The Secretary of State may by regulations—
(a)prescribe circumstances in which subsections (5) and (6) do not apply where the scheme manager has made a determination as specified in subsection (4), and
(b)make alternative provision for the amount of any initial payment payable to the member or the survivor of the member in those circumstances,
and, accordingly, subsection (8) does not apply in those circumstances.”
(3)In that section in subsection (10) (affirmative resolution procedure) after “subsection (9)” insert “ or (9A) ”.
24Financial assistance scheme: transfer of assetsU.K.
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 ”.
Yn ôl i’r brig