This section inserts a new Article 152A into the Pensions (Northern Ireland) Order 2005 to give the Department the power to make provision through regulations for the purpose of enabling the Board of the Pension Protection Fund to recover charges, including allowing the Board to offset charges against Pension Protection Fund compensation.
This section gives effect to Schedule 6 which amends Schedule 6 to the Pensions (Northern Ireland) Order 2005 (pension compensation provisions).
This section makes amendments to the Pensions (Northern Ireland) Order 2005 consequential on the creation of pension compensation sharing.