Pensions Act 1995, Cross Heading: The Pension Schemes Act 1993 (c.48) is up to date with all changes known to be in force on or before 01 March 2025. 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.
22E+W+SThe Pension Schemes Act 1993 is amended as follows.
Commencement Information
I1Sch. 3 para. 22 in force at 6.4.1997 by S.I. 1997/664, art. 2(3), Sch. Pt. 3
F123E+W+S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Sch. 3 para. 23 repealed (6.4.2005) by Pensions Act 2004 (c. 35), s. 322(1), Sch. 13; S.I. 2005/695, art. 2(7), Sch. 1
24E+W+SSections 77 to 80 (assignment, forfeiture etc.
of short service benefit) are repealed.
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I2Sch. 3 para. 24 in force at 6.4.1997 by S.I. 1997/664, art. 2(3), Sch. Pt. 3
25E+W+SSections 102 to 108 (annual increase in pensions in payment) are repealed.
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I3Sch. 3 para. 25 in force at 6.4.1997 by S.I. 1997/664, art. 2(3), Sch. Pt. 3 (with art. 6)
26E+W+SSection 112 (restriction on investment in employer-related assets) is repealed.
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I4Sch. 3 para. 26 in force at 6.4.1997 by S.I. 1997/664, art. 2(3), Sch. Pt. 3
27E+W+SSection 114 (documents for members etc.) is repealed.
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I5Sch. 3 para. 27 in force at 6.4.1997 by S.I. 1997/664, art. 2(3), Sch. Pt. 3 (with art. 7)
28E+W+SSection 116 (regulations as to auditors) is repealed.
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I6Sch. 3 para. 28 in force at 6.4.1997 by S.I. 1997/664, art. 2(3), Sch. Pt. 3
29E+W+SSection 118 (equal access) is repealed.
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I7Sch. 3 para. 29 in force at 1.1.1996 by S.I. 1995/3104, art. 2(3)
30E+W+SSections 119 to 122 (independent trustees) are repealed.
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I8Sch. 3 para. 30 in force at 6.4.1997 by S.I. 1997/664, art. 2(3), Sch. Pt. 3
31E+W+SIn section 129 (overriding requirements)—
(a)in subsection (1), “ Chapter I of Part V ”, “ sections 119 to 122 ”, “ under Chapter I of Part V or ” and “ or sections 119 to 122 ” are omitted,
(b)in subsection (2), for the words from “Chapter III” to “section 108)” there is substituted “ and Chapter III of that Part ”, and
(c)subsection (3)(a) is omitted.
Commencement Information
I9Sch. 3 para. 31 in force at 6.4.1997 by S.I. 1997/664, art. 2(3), Sch. Pt. 3
32E+W+SIn section 132 (conformity of schemes with requirements), “ the equal access requirements ” is omitted.
Commencement Information
I10Sch. 3 para. 32 in force at 1.1.1996 by S.I. 1995/3104, art. 2(3)
33E+W+SIn section 133(1) (advice of the Board), “ the equal access requirements ” is omitted.
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I11Sch. 3 para. 33 in force at 1.1.1996 by S.I. 1995/3104, art. 2(3)
34E+W+SIn section 134 (determination of questions)—
(a)in subsection (3), “ the equal access requirements ”, and
(b)in subsection (4), “ or the equal access requirements ” and “ or , as the case may be, section 118(1) ”,are omitted.
Commencement Information
I12Sch. 3 para. 34 in force at 1.1.1996 by S.I. 1995/3104, art. 2(3)
35E+W+SIn section 136(2)(e)(iv) (applications to modify schemes), “ or the equal access requirements ” is omitted.
Commencement Information
I13Sch. 3 para. 35 in force at 1.1.1996 by S.I. 1995/3104, art. 2(3)
36E+W+SIn section 139(2) (functions of the Board), “ the equal access requirements ” is omitted.
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I14Sch. 3 para. 36 in force at 1.1.1996 by S.I. 1995/3104, art. 2(3)
37E+W+SIn section 140(4) (effect of orders), paragraph (c) and the “ and ” immediately preceding it are omitted.
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I15Sch. 3 para. 37 in force at 1.1.1996 by S.I. 1995/3104, art. 2(3)
38E+W+SSection 144 (deficiencies in assets on winding up) is repealed.
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I16Sch. 3 para. 38 in force at 6.4.1997 by S.I. 1997/664, art. 2(3), Sch. Pt. 3
39E+W+SIn section 153 (power to modify Act)—
(a)in subsection (1), the words from “ and Chapter I ” to “ section 108) ” are omitted,
(b)subsections (3) and (4) are omitted,
(c)in subsection (5), “ Chapter I of Part VII ” is omitted, at the end of paragraph (b) there is inserted “ or ”, and paragraph (d) and the preceding “ or ” are omitted, and
(d)subsections (6) and (7) are omitted.
Commencement Information
I17Sch. 3 para. 39(a)(c)(d) in force at 6.4.1997 by S.I. 1997/664, art. 2(3), Sch. Pt. 3
I18Sch. 3 para. 39(b) in force at 1.1.1996 by S.I. 1995/3104, art. 2(3)
40E+W+SIn section 154(1) (application of provisions to personal pension schemes), after “provision of this Act” there is inserted “ or of sections 22 to 26 and 40 of the Pensions Act 1995 ”.
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I19Sch. 3 para. 40 in force at 6.4.1997 by S.I. 1997/664, art. 2(3), Sch. Pt. 3
41E+W+SIn section 159 (inalienability of certain pensions), after subsection (4) there is inserted—
“(4A)Where a person—
(a)is entitled or prospectively entitled as is mentioned in subsection (1), or
(b)is entitled to such rights or to such a payment as is mentioned in subsection (4),
no order shall be made by any court the effect of which would be that he would be restrained from receiving anything the assignment of which is or would be made void by either of those subsections.
(4B)Subsection (4A) does not prevent the making of an attachment of earnings order under the Attachment of Earnings Act 1971.”
Commencement Information
I20Sch. 3 para. 41 in force at 6.4.1997 by S.I. 1997/664, art. 2(3), Sch. Pt. 3
42E+W+SIn section 170 (determination of questions by Secretary of State), subsections (5) and (6) are omitted.
Commencement Information
I21Sch. 3 para. 42 in force at 1.1.1996 by S.I. 1995/3104, art. 2(3)
F243E+W+S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F2Sch. 3 para. 43 repealed (1.3.2002 for specified purposes, 1.4.2002 in so far as not already in force) by Child Support, Pensions and Social Security Act 2000 (c. 19), Sch. 9 Pt. III(2) (with s. 83(6)); S.I. 2002/437, art. 3(1)(h)(2)
44E+W+SIn section 181 (general interpretation)—
(a)in subsection (1)—
(i)the definition of “ equal access requirements ” is omitted, and
F3(ii). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b)in subsection (2), for the words from “160” to “requirements” there is substituted “ and 160 ”.
Textual Amendments
F3Sch. 3 para. 44(a)(ii) repealed (6.4.2006) by Pensions Act 2004 (c. 35), s. 322(1), Sch. 13; S.I. 2006/560, art. 2(3), Sch. Pt. 3
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I22Sch. 3 para. 44 in force at 6.4.1997 in so far as not already in force by S.I. 1997/664, art. 2(3), Sch. Pt. 3
I23Sch. 3 para. 44(a)(i) in force at 1.1.1996 by S.I. 1995/3104, art. 2(3)
I24Sch. 3 para. 44(a)(ii) in force at 16.10.1996 for specified purposes by S.I. 1996/2637, art. 3
45E+W+SIn section 183 (sub-delegation), in subsection (3)—
F4(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b)the words from “or, in the case of” to “determined” are omitted, and
(c)the words following paragraph (b) are omitted.
Textual Amendments
F4Sch. 3 para. 45(a) repealed (1.12.2000) by Welfare Reform and Pensions Act 1999 (c. 30), s. 89(1), Sch. 13 Pt. III; S.I. 2000/1047, art. 2(2)(d), Sch. Pt. 4
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I25Sch. 3 para. 45 in force at 6.4.1997 by S.I. 1997/664, art. 2(3), Sch. Pt. 3
46E+W+SIn section 185(1) (consultation about regulations), “ I or ” is omitted.
Commencement Information
I26Sch. 3 para. 46 in force at 6.4.1997 by S.I. 1997/664, art. 2(3), Sch. Pt. 3
47E+W+SIn Schedule 7 (re-enactment or amendment of certain provisions not in force), paragraphs 1 and 3 are omitted.
Commencement Information
I27Sch. 3 para. 47 in force at 1.1.1996 by S.I. 1995/3104, art. 2(3)
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