Explanatory Memorandum to Pensions (Northern Ireland) Order 2005

1. Introduction

2. Background and Policy Objectives

3. Consultation

4. Overview

   1. PART II – The Pensions Regulator

   2. Part III – The Board of the Pension Protection Fund

   3. Part IV – Scheme Funding

   4. Part V – Financial Planning for Retirement

   5. Part VI – Occupational and Personal Pension Schemes: Miscellaneous Provisions

   6. Part VII – Cross-Border Activities Within European Union

   7. Part VIII – State Pensions

   8. Part IX – Miscellaneous and Supplementary

      1. Schedules

         1. Schedule 1: The Pensions Regulator

         2. Schedule 2: The Reserved Regulatory Functions

         3. Schedule 3: Restricted information held by the Regulator: certain permitted disclosures to facilitate exercise of functions

         4. Schedule 4: The Board of the Pension Protection Fund

         5. Schedule 5: Transfer of property, rights and liabilities to the Board of the PPF

         6. Schedule 6: Pension compensation provisions

         7. Schedule 7: Restricted information held by the Board of the PPF: certain permitted disclosures to facilitate exercise of functions

         8. Schedule 8: Reviewable matters

         9. Schedule 9: Deferral of retirement pension and shared additional pensions

         10. Schedule 10 and Schedule 11: Minor and consequential amendments; Repeals