SCHEDULES

SCHEDULE 11Further provision relating to pension schemes: Northern Ireland

PART 2Other provision

Administration charges

15

1

In Article 3 of the Welfare Reform and Pensions (Northern Ireland) Order 1999 (S.I. 1999/3147 (N.I. 11)) (meaning of “stakeholder pension scheme”), in paragraph (5) (fourth condition: charge cap)—

a

for “result in” substitute “constitute”;

b

after “members” insert “or the making of transfer payments with a view to acquiring rights or entitlements to pension benefits under different pension schemes”.

I1I22

In Schedule 18 to the Pensions Act (Northern Ireland) 2015 (c. 5 (N.I.)) (power to restrict charges or impose requirements in relation to schemes), in paragraph 1(5), in the definition of “administration charge”—

a

for “result in” substitute “constitute”;

b

after “members” insert “or the making of transfer payments with a view to acquiring rights or entitlements to pension benefits under different pension schemes”.

I33

In section 109 of the Pension Schemes (Northern Ireland) Act 1993 (disclosure of information about schemes to members etc)—

a

in subsection (6)(b), after “the” insert “other”;

b

in subsection (7), after “or” insert “other”.