- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (18/11/2004)
- Gwreiddiol (Fel y'i Deddfwyd)
Pensions Act 2004
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Rhagor o Adnoddau
Changes over time for: Cross Heading: The fund
No versions valid at: 18/11/2004
Alternative versions:
- 01/09/2005- Amendment
- 18/11/2004
Point in time - 06/04/2010- Amendment
- 20/10/2021- Amendment
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Pensions Act 2004, Cross Heading: The fund is up to date with all changes known to be in force on or before 07 November 2024. 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.
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Yn ddilys o 01/09/2005
The fundU.K.
188Fraud Compensation FundU.K.
(1)The Fraud Compensation Fund shall consist of—
(a)any property and rights transferred under section 302 (dissolution of the Pensions Compensation Board) which the Board designates as assets of the Fund,
(b)contributions levied under section 189 (fraud compensation levy),
(c)money borrowed by the Board under section 115 for the purposes of this Chapter,
(d)amounts recovered under section 186 (recovery of interim payments), and
(e)any income or capital gain credited under subsection (2).
(2)The Board must credit to the Fraud Compensation Fund any income or capital gain arising from the assets in the Fund.
(3)The following are payable out of the Fraud Compensation Fund—
(a)sums required to meet liabilities transferred to the Board under section 302 (dissolution of the Pensions Compensation Board), which the Board designates as liabilities of the Fund,
(b)payments under section 185 (fraud compensation payments),
(c)payments under section 186(1) (interim payments),
(d)amounts required to be transferred to the Pension Protection Fund under section 187 (fraud compensation transfer payments),
(e)money required for the repayment of, and the payment of interest on, money within subsection (1)(c).
(4)No other amounts are payable out of the Fraud Compensation Fund.
(5)In subsection (1) (other than paragraphs (a) and (e)) and subsection (3) (other than paragraphs (a) and (e)) any reference to a provision of this Act is to be read as including a reference to any provision in force in Northern Ireland corresponding to that provision.
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