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The Pensions (Northern Ireland) Order 1995

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Changes over time for: Section 156

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The Pensions (Northern Ireland) Order 1995, Section 156 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. Help about Changes to Legislation

Interest on late payment of benefitN.I.

156.  After section 147 of the Pension Schemes Act insert—

Interest on late payment of benefit.

147A.  Where under this Part the Pensions Ombudsman directs a person responsible for the management of an occupational or personal pension scheme to make any payment in respect of benefit under the scheme which, in his opinion, ought to have been paid earlier, his direction may also require the payment of interest at the prescribed rate..

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