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The Pensions (1995 Order) (Commencement No. 2) Order (Northern Ireland) 1996
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Part IVProvisions coming into Operation on 6th April 1996 for the purpose only of Authorising the Making of Regulations
| Provisions of the Order | Subject Matter |
|---|---|
| Article 10(2) and (3) | Civil penalties |
| Articles 16 to 21 | Member-nominated trustees and directors |
| Article 27 | Trustee not to be scheme auditor or actuary |
| Article 32 | Decisions by majority of trustees |
| Article 33 | Investment powers: duty of care |
| Article 35 | Investment principles |
| Article 37 | Payment of surplus to employer |
| Article 38 | Power to defer winding up |
| Article 40 | Restriction on employer-related investments |
| Article 41 | Provision of documents for members |
| Article 47 | Professional advisers |
| Article 49 | Receipts, payments and records |
| Article 50 | Resolution of disputes |
| Article 51 | Annual increase in rate of pension |
| Articles 56 to 61 | Minimum funding requirement |
| Article 67 | Restriction on powers to alter schemes |
| Article 68 | Power of trustees to modify schemes by resolution |
| Article 69 | Grounds for applying to Authority for modification orders |
| Article 73 | Preferential liabilities on winding up |
| Article 74(2), (3) and (5)(b) | Discharge of liabilities by insurance, etc. |
| Article 75 | Deficiencies in the assets |
| Article 76 | Excess assets on winding up |
| Article 77 | Excess assets remaining after winding up: power to distribute |
| Articles 85 to 87 | Money purchase schemes |
| Articles 89 to 93 | Assignment, forfeiture, bankruptcy, etc. |
| Article 133 | New requirements for contracted-out schemes |
| Article 134 | State scheme contributions and rebates |
| Article 136 | Money purchase and personal pension schemes: verification of ages |
| Article 137(1) | Reduction in State benefits for members of certified schemes |
| Article 138 | State scheme, etc. premiums and buyback into State scheme |
| Articles 148 to 150 | Transfer values |
| Article 151 for the purpose only of authorising the making of regulations relating to section 109 of the Pension Schemes Act | Penalties for breach of regulations under the Pension Schemes Act |
| Schedule 1, paragraph 36(a)(ii) and Article 119 in so far as it relates to that paragraph | Amendments consequential on Part II of the Order |
| Schedule 3, paragraph 14 (in so far as it relates to sections 7(5)(d), 30(2)(a), 46(4) and 159(6) of the Pension Schemes Act), paragraph 15(a) (in so far as it relates to section 3(1) of that Act) and paragraphs 21(a), 26(b), 27(b), 28, 30, 32, 37(b), 38, 40(c), 41(a), 55, 60(c) and 70 and Article 147 in so far as it relates to the above mentioned paragraphs | Amendments relating to Part IV, etc. of the Order |
| Schedule 4, paragraphs 6, 7 and 8(c) and (e) and Article 165 in so far as it relates to those paragraphs | General minor and consequential amendments |
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