Pensions Act (Northern Ireland) 2015 No. 5

SCHEDULES

SCHEDULE 17 N.I. AUTOMATIC TRANSFER OF PENSION BENEFITS ETC.

PART 3 N.I. INTERPRETATION ETC.

Interpretation etc. N.I.

14—(1) In this Schedule— N.I.

• “active member”—

  (a)

  in relation to an occupational pension scheme, has the meaning given by Article 121(1) of the 1995 Order, and

  (b)

  in relation to a personal pension scheme, means a member of the scheme in respect of whom contributions are being paid into the scheme;

• “automatic transfer scheme” has the meaning given by paragraph 1(2);

• “managers”, in relation to a pension scheme (other than a scheme established under a trust), means the persons responsible for the management of the scheme;

• “money purchase benefits” has the meaning given by section 176(1) of the Pension Schemes Act;

• “money purchase scheme” has the meaning given by section 176(1) of the Pension Schemes Act;

• “occupational pension scheme” has the meaning given by section 1 of the Pension Schemes Act;

• “pension scheme” means—

  (a)

  an occupational pension scheme, or

  (b)

  a personal pension scheme;

• “personal pension scheme” has the meaning given by section 1 of the Pension Schemes Act;

• “prescribed” means prescribed by regulations made by the Department;

• “qualifying member” has the meaning given by paragraph 1(3);

• “the Regulator” means the Pensions Regulator;

• “transferable benefits”, and references to a person having transferable benefits, are to be read in accordance with paragraph 1(4);

• “transferable benefits scheme” has the meaning given by paragraph 1(5);

• “transfer notice” means a notice given under regulations made because of paragraph 3;

• “work-based pension scheme” means—

  (a)

  an occupational pension scheme,

  (b)

  a personal pension scheme where direct payment arrangements (within the meaning of section 107A of the Pension Schemes Act) exist in respect of one or more members of the scheme who are workers, or

  (c)

  a personal pension scheme which is or has been registered under Article 4 of the Welfare Reform and Pensions (Northern Ireland) Order 1999 (stakeholder pension schemes);

• “worker” means a person—

  (a)

  who is a worker for the purposes of Part 1 of the Pensions (No. 2) Act, or

  (b)

  to whom a provision of Part 1 of that Act applies as if the person were a worker because of a provision of Chapter 7 of that Part;

  but for the purposes of paragraph (b), ignore section 74 of that Act.

(2) The Department may by regulations make provision about when contributions to a pension scheme are to be regarded as having ceased for the purposes of paragraph 1(4)(c) or 13(4).

Commencement Information

I1 Sch. 17 para. 14(1) in operation at 16.7.2015 for specified purposes by S.R. 2015/307, art. 2(1)(m)(i)