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The Occupational and Personal Pension Schemes (Automatic Enrolment) Regulations (Northern Ireland) 2010
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- Northern Ireland Statutory Rules
- 2010 No. 122
- PART 13
- Regulation 45
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Quality requirements: non-UK occupational pension schemesN.I.
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45.—(1) A money purchase scheme within section [F118(c)] (occupational pension schemes) satisfies the quality requirement for the purposes of section 25 in relation to a jobholder—
(a)if it satisfies the requirements for a money purchase scheme under section 20(1), F2...
F2(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) For the purposes of paragraph (1), section 20(1) is to be read as if for “that has its main administration in the United Kingdom” there were substituted “within section [F118(c)]”.
(3) A defined benefits scheme within section [F118(c)] satisfies the quality requirement for the purposes of section 25 in relation to the jobholder—
(a)if it satisfies the requirements for a defined benefits scheme under sections 21 to [F323A], F4...
F4(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) For the purposes of paragraph (3), [F5sections 21 and 23A are] to be read as if for “that has its main administration in the United Kingdom” there were substituted “within section [F118(c)]”.
(5) Section 24 (quality requirement: UK hybrid schemes) applies to any hybrid scheme within section [F118(c)] as it applies to a hybrid scheme that has its main administration in the United Kingdom.
(6) For the purposes of paragraph (5)—
(a)the reference in section 24(1)(a) to the requirements for a money purchase scheme under section 20, and
(b)the reference in section 24(1)(b) to the requirements for a defined benefits scheme under sections 21 to [F623A],
are to be read subject to the modifications made by paragraphs (2) and (4).
(7) Accordingly, a hybrid scheme within section [F718(c)] satisfies the quality requirement for the purposes of section 25 in relation to the jobholder if the scheme falls within a description of hybrid schemes specified in any rule made under section 24(2) to (4) and either—
(a)the scheme satisfies such of the requirements referred to in paragraph (6)(a) or (b) as the rule in question may specify as being appropriate to schemes of that description, subject to any prescribed modification of those requirements which is referred to in that rule, F8...
F8(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Word in reg. 45(1)-(5) substituted (31.12.2020) by The Occupational and Personal Pension Schemes (Amendment etc.) (Northern Ireland) (EU Exit) Regulations 2019 (S.I. 2019/193), regs. 1, 29(7)(a); 2020 c. 1, Sch. 5 para. 1(1)
F2Reg. 45(1)(b) and word omitted (31.12.2020) by virtue of The Occupational and Personal Pension Schemes (Amendment etc.) (Northern Ireland) (EU Exit) Regulations 2019 (S.I. 2019/193), regs. 1, 29(7)(b); 2020 c. 1, Sch. 5 para. 1(1)
F3Word in reg. 45(3)(a) substituted (6.8.2015) by The Occupational and Personal Pension Schemes (Automatic Enrolment) (Amendment) Regulations (Northern Ireland) 2015 (S.R. 2015/310), regs. 1, 12(a)
F4Reg. 45(3)(b) and word omitted (31.12.2020) by virtue of The Occupational and Personal Pension Schemes (Amendment etc.) (Northern Ireland) (EU Exit) Regulations 2019 (S.I. 2019/193), regs. 1, 29(7)(b); 2020 c. 1, Sch. 5 para. 1(1)
F5Words in reg. 45(4) substituted (6.8.2015) by The Occupational and Personal Pension Schemes (Automatic Enrolment) (Amendment) Regulations (Northern Ireland) 2015 (S.R. 2015/310), regs. 1, 12(b)
F6Word in reg. 45(6)(b) substituted (6.8.2015) by The Occupational and Personal Pension Schemes (Automatic Enrolment) (Amendment) Regulations (Northern Ireland) 2015 (S.R. 2015/310), regs. 1, 12(a)
F7Word in reg. 45(7) substituted (31.12.2020) by The Occupational and Personal Pension Schemes (Amendment etc.) (Northern Ireland) (EU Exit) Regulations 2019 (S.I. 2019/193), regs. 1, 29(7)(a); 2020 c. 1, Sch. 5 para. 1(1)
F8Reg. 45(7)(b) and word omitted (31.12.2020) by virtue of The Occupational and Personal Pension Schemes (Amendment etc.) (Northern Ireland) (EU Exit) Regulations 2019 (S.I. 2019/193), regs. 1, 29(7)(b); 2020 c. 1, Sch. 5 para. 1(1)
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