The Pensions (2015 Act) (Commencement No. 6) Order (Northern Ireland) 2018
Citation and interpretation1.
(1)
This Order may be cited as the Pensions (2015 Act) (Commencement No. 6) Order (Northern Ireland) 2018.
(2)
In this Order any reference to a numbered section is to the section of the Pensions Act (Northern Ireland) 2015 bearing that number.
Appointed day2.
(1)
Subject to paragraph (2), the day appointed for the coming into operation of section 43 (disclosure of information about transaction costs to members etc.) is 9th March 2018.
(2)
Sealed with the Official Seal of the Department for Communities on 8th March 2018
This Order provides for the coming into operation of section 43 of the Pensions Act (Northern Ireland) 2015 (“the 2015 Act”) which amends section 109 of the Pension Schemes (Northern Ireland) Act 1993 (c. 49) (“the 1993 Act”) on 9th March 2018.
This is except in relation to certain types of occupational pension scheme which are excluded by paragraphs (a) to (e) of the definition of “relevant scheme” in regulation 1(2) of the Occupational Pension Schemes (Scheme Administration) Regulations (Northern Ireland) 1997 (see Article 2(2)). These include executive pension schemes, certain small schemes, public service pension schemes and schemes which provide no money purchase benefits other than those attributable to additional voluntary contributions (AVCs).
The provisions inserted into the 1993 Act by section 43 of the 2015 Act place a duty on the Department for Communities, in relation to a money purchase scheme that is an occupational pension scheme, to make regulations requiring the disclosure of information about transaction costs and requiring information on transaction costs and administrative charges to be published.
The following provisions of the Pensions Act (Northern Ireland) 2015 have been brought into operation by earlier commencement orders as from the dates shown.
Provision | Date of Commencement | S.R. No. | |
---|---|---|---|
Section 2 | (partially) | 16th July 2015 | |
Section 3 | (partially) | 25th February 2016 | |
Section 4 | (partially) | 16th July 2015 | |
Section 8 | (partially) | 16th July 2015 | |
Section 10 | (partially) | 25th February 2016 | |
Sections 13 to 17 | (partially) | 16th July 2015 | |
Section 18 | (partially) | 16th July 2015 | |
(partially) | 25th February 2016 | ||
Section 19 | (partially) | 16th July 2015 | |
Section 20 | (partially) | 25th February 2016 | |
Sections 22 to 25 | (partially) | 16th July 2015 | |
Section 23 | (partially) | 14th September 2015 | |
(partially) | 25th February 2016 | ||
Section 24 | (partially) | 14th September 2015 | |
Section 25 | (partially) | 12th October 2015 | |
Section 27 | (partially) | 14th September 2015 | |
(partially) | 6th April 2016 | ||
Section 29 | (partially) | 10th March 2017 | |
(partially) | 6th April 2017 | ||
Section 30 | (partially) | 9th February 2017 | |
(partially) | 10th March 2017 | ||
(partially) | 6th April 2017 | ||
Section 31 | (partially) | 10th March 2017 | |
(partially) | 6th April 2017 | ||
Section 32 | (partially) | 16th July 2015 | |
Section 35 | 1st October 2015 | ||
Sections 36 to 39 | 16th July 2015 | ||
Sections 41 and 42 | 16th July 2015 | ||
Sections 44 and 45 | 16th July 2015 | ||
Section 47 | 16th July 2015 | ||
Section 48 | (partially) | 10th March 2017 | |
(partially) | 6th April 2017 | ||
Schedule 8 | (partially) | 16th July 2015 | |
Schedule 10 | (partially) | 16th July 2015 | |
Schedule 11 | (partially) | 16th July 2015 | |
Schedule 12 | (partially) | 16th July 2015 | |
(partially) | 14th September 2015 | ||
(partially) | 25th February 2016 | ||
Schedule 13 | (partially) | 14th September 2015 | |
Schedule 14 | 16th July 2015 | ||
Schedule 15 | (partially) | 16th July 2015 | |
(partially) | 12th October 2015 | ||
Schedule 16 | (partially) | 9th February 2017 | |
(partially) | 10th March 2017 | ||
(partially) | 6th April 2017 | ||
Schedule 17 | (partially) | 16th July 2015 | |
Schedule 18 | 16th July 2015 | ||
Schedule 19 | 16th July 2015 | ||
Schedule 20 | (partially) | 10th March 2017 | |
(partially) | 6th April 2017 |