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The Pension Protection Fund (Pension Compensation Sharing and Attachment on Divorce etc.) Regulations (Northern Ireland) 2011

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Regulation 6

SCHEDULEN.I.Information to be provided by the Board

This schedule has no associated Explanatory Memorandum

1.  In this Schedule—N.I.

“beneficiary” means any person who is entitled to compensation as a surviving partner, relevant partner or other surviving dependant of a pension compensation credit member;

“interested person” has the same meaning as in Article 189(2) of the 2005 Order (review and reconsideration by the Board of reviewable matters);

“reviewable matter” has the same meaning as in Article 188(1) of the 2005 Order (meaning of “reviewable matters”).

Commencement Information

I1Sch. para. 1 in operation at 6.4.2011, see reg. 1(1)

2.  Information to be provided by the Board to pension compensation credit members and beneficiaries shall be determined in accordance with the provisions of the table of information to be provided by the Board set out below—N.I.

Table of information to be provided by the Board

Description of person to whom information is to be providedDescription of information to be providedPeriod during which the Board must provide information
Any pension compensation credit member who makes a request in writing to the Board for it to provide a forecast of the pension compensation credit member’s entitlement to compensation.A forecast, determined in accordance with the provisions of Schedule 4, of the compensation to be paid to the pension compensation credit member.The period of 28 days beginning on the day on which the Board receives the request.
Any pension compensation credit member who will attain pension compensation age on that member’s next birthday.
1.

A forecast, determined in accordance with the provisions of Schedule 4, of the compensation to be paid to the pension compensation credit member.

2.

Details of any options to commute which may be exercised by the pension compensation credit member in accordance with paragraph 9 of Schedule 4 and regulations 25 and 26 and forecasts of—

(a)

the lump sum to be paid under any such option, and

(b)

the reduced level of annual compensation payment which the pension compensation credit member would receive if that member exercised any such option.

The period of 6 months beginning 12 months before the day on which the pension compensation credit member will attain pension compensation age.

Any pension compensation credit member who makes a request in writing to the Board for it to provide—

(i)

information about any options to commute which may be exercised by the pension compensation credit member in accordance with paragraph 9 of Schedule 4 and regulations 25 and 26, or

(ii)

a forecast of the lump sum payable to the pension compensation credit member on the exercise of any such option.

Details of any options to commute available to the pension compensation credit member, and forecasts of—

(a)

the lump sum to be paid to the pension compensation credit member under any such option, and

(b)

the reduced level of annual compensation payments which the pension compensation credit member would receive if that member exercised such an option.

The period of 28 days beginning on the day on which the Board receives the request.
Any pension compensation credit member who makes a request in writing to the Board for it to provide information about any entitlement the pension compensation credit member may have to early payment of compensation under paragraph 10 of Schedule 4 (early payment of compensation) and regulation 28.Details of any entitlement the pension compensation credit member may have to early payment of compensation and a forecast of the periodic compensation and of any lump sum payment payable to the pension compensation credit member.The period of 28 days beginning on the day on which the Board receives the request.
All pension compensation credit members, surviving or relevant partners or dependants of such members.Details of any variation in the amount of compensation payable where the variation will result from the operation of paragraph 27 of Schedule 6 to the 2005 Order, or paragraph 17 or 20 of Schedule 4, and the date when the variation will become effective (“the operative date”).Not less than 28 days before the operative date.
[F1Any pension compensation credit member who makes a request in writing to the Board for it to postpone to a date specified in the request, commencement of the periodic compensation under paragraph 16A of Schedule 4. A forecast to the date specified in the request, determined in accordance with Schedule 4, of the periodic compensation payable to the pension compensation credit member under Schedule 4.The period of 28 days beginning on the day on which the Board receives the request.
Any pension compensation credit member who has elected to postpone the commencement of the periodic compensation under paragraph 16A of Schedule 4.

1. A forecast to the date the periodic compensation ceases to be postponed, determined in accordance with Schedule 4, of the periodic compensation payable to the pension compensation credit member under Schedule 4.

2. Details of any options to commute which may be exercised by the pension compensation credit member in relation to the periodic compensation in accordance with paragraph 9 of Schedule 4 and forecasts to the date the periodic compensation ceases to be postponed, determined in accordance with Schedule 4, of—

(a)the lump sum to be paid to that member under any such options, and

(b)the reduced level of annual compensation payments which that member would receive if that member exercised any such option.

The period of 6 months beginning 12 months before the day on which the commencement of the periodic compensation ceases to be postponed.]
Any pension compensation credit member who is an interested person in relation to a particular reviewable matter.A statement describing how an application may be made to the Board for the review of the reviewable matter, how the application will be considered and the Board’s powers on making a review decision.The period of 28 days beginning on the day on which the Board knew or ought to have known that the reviewable matter had occurred.
Any pension compensation credit member who is either a party to matrimonial or civil partnership proceedings, or may be a party to such proceedings, who makes a request in writing to the Board for information about that member’s compensation entitlement.A statement, determined in accordance with Schedule 4, of the compensation to be paid to the pension compensation credit member.The period of 3 months beginning on the day on which the Board receives the request, or by the date that the Board must comply with a court order to provide such information, whichever is the sooner.

Textual Amendments

Commencement Information

I2Sch. para. 2 in operation at 6.4.2011, see reg. 1(1)

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