The Judicial Pensions (Fee-Paid Judges) Regulations 2017

Interpretation

70.—(1) In this Part—

“authorised insurer” means—

(a)

a person who has permission under Part 4A of the Financial Services and Markets Act 2000(1) to effect or carry out contracts of long-term insurance (within the meaning of article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001(2)), or

(b)

an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act, which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule(3)) to effect or carry out contracts of long-term insurance;

“last day of reckonable service” has the meaning given in regulation 72;

“market level adjustment” has the meaning given in regulation 78;

“normal pension age” means the earliest age at which, if a person’s qualifying judicial service had continued until retirement at that age, a member might have been entitled to receive a pension under the principal scheme, otherwise than by reason of meeting the ill-health certification condition;

“occupational pension scheme” has the meaning given by section 1 of the Pension Schemes Act 1993(4) or, in relation to Northern Ireland, section 1 of the Pension Schemes (Northern Ireland) Act 1993(5);

“the option” has the meaning given by regulation 74(1);

“P” means a member;

“personal pension scheme” has the meaning given by section 1 of the Pension Schemes Act 1993 or, in relation to Northern Ireland, section 1 of Pension Schemes (Northern Ireland) Act 1993;

“relevant date”—

(a)

when used in Chapter 2, has the meaning given by regulation 73;

(b)

when used in Chapter 3, has the meaning given by regulation 83;

“relevant schemes” means the principal scheme, the FPJAYS and the JASAPS.

(2) In this Part, references to numbered Tables are to the Tables in Schedule 2 to the Judicial Pensions (Transfer of Accrued Benefits) Regulations 1995(6).

(3) The definition of “authorised insurer” in paragraph (1) must be read with—

(a) section 22 of the Financial Services and Markets Act 2000;

(b) any relevant order under that section;

(c) Schedule 2 to that Act(7).

(1)

2000 c.8. Part 4A was substituted for Part 4 by section 1 of the Financial Services Act 2012 (c.21).

(2)

S.I. 2001/544, to which there are amendments not relevant to these Regulations.

(3)

Paragraph 15 of Schedule 3 was amended by S.I. 2003/2066; 2007/3253; 2012/1906; 2013/1881; 2015/575. Paragraph 12 was amended by S.I. 2007/126; 2007/3253; 2012/1906.

(4)

1993 (c. 48). Section 1 was amended by section 239 of the Pensions Act 2004 (c.35); paragraph 23(1) of Schedule 20, and Part 3(2) of Schedule 27 to the Finance Act 2007 (c.11); S.I. 1999/1820 and S.I. 2007/3014.

(5)

1993 (c.49). Section 1 was amended by S.I. 1999/3147 (N.I.11); S.R. 2000/133.

(6)

S.I. 1995/637. The tables in Schedule 12 to the Regulations were amended by S.I. 2005/3325.

(7)

Schedule 2 was amended by paragraph 1 of Schedule 2 to the Dormant Bank and Building Society Accounts Act 2008 (c.31).