The Pensions (2008 No. 2 Act) (Abolition of Protected Rights) (Consequential Provisions) Order (Northern Ireland) 2012

Amendment of the 1995 Order

5.—(1) The 1995 Order is amended in accordance with paragraphs (2) to (7).

(2) In Article 51A(1)(1) (restriction on increase where annuity tied to investments)—

(a) at the end of sub-paragraph (a) insert “and”;

(b) omit sub-paragraph (b).

(3) In Article 89(7) (inalienability of occupational pension) omit “and protected rights payments”.

(4) Omit Article 146 (hybrid occupational pension schemes).

(5) Omit Article 158(2) (annual increase in rate of personal pension).

(6) Omit Article 159(3) (Article 158: supplementary).

(7) In Article 167(3)(4) (Assembly, etc. control of orders and regulations)—

(a) at the end of sub-paragraph (b) insert “or”;

(b) at the end of sub-paragraph (c) omit “or”;

(c) omit sub-paragraph (d).

(1)

Article 51A was inserted by section 47(2) of the Child Support, Pensions and Social Security Act (Northern Ireland) 2000

(2)

Article 158 was amended by Article 256(2) of the Pensions (Northern Ireland) Order 2005

(3)

Article 159 was amended by Article 256(3) of the Pensions (Northern Ireland) Order 2005

(4)

Article 167(3) was amended by paragraph 11 of Schedule 5 to the Child Support, Pensions and Social Security Act (Northern Ireland) 2000