The Pension Sharing (Consequential and Miscellaneous Amendments) Regulations (Northern Ireland) 2000

Amendment of the Personal Pension Schemes (Disclosure of Information) Regulations

2.—(1) The Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 1987(1) shall be amended in accordance with paragraphs (2) to (5).

(2) In regulation 1(2) (interpretation)—

(a) in the definition of “member” after “scheme” there shall be inserted “and includes a pension credit member”;

(b) after the definition of “member” there shall be inserted—

““pension credit” means a credit under Article 26(1)(b) of the Welfare Reform and Pensions (Northern Ireland) Order 1999;”;

““pension credit member” means a person who has rights under the scheme which are attributable (directly or indirectly) to a pension credit;”;

(c) after the definition of “pensionable age”(2) there shall be inserted—

““safeguarded rights” means those rights referred to in section 64A of the Act(3);”.

(3) In regulation 5 (information to be made available to individuals)—

(a) in paragraph (3)(4) after “protected rights” there shall be inserted “or no safeguarded rights”;

(b) in paragraph (4)(5)—

(i) after “members have protected rights” there shall be inserted “or safeguarded rights”;

(ii) in sub-paragraph (b) after “protected rights” there shall be inserted “or safeguarded rights”.

(4) In Schedule 1 (basic information about the scheme)—

(a) in paragraph 12 after “protected rights” there shall be inserted “or safeguarded rights”;

(b) in paragraph 13 after “protected rights” there shall be inserted “or safeguarded rights”.

(5) In Schedule 2 (information to be made available to individuals)—

(a) in paragraph 4 after “protected rights” there shall be inserted “or safeguarded rights”;

(b) in paragraph 11 after “protected rights” there shall be inserted “or safeguarded rights”.

(1)

S.R. 1987 No. 288; relevant amending regulations are S.R. 1988 No. 107, S.R. 1992 No. 304, S.R. 1994 No. 300 and S.R. 1996 No. 95

(2)

The definition of “pensionable age” was inserted by regulation 3(2) of S.R. 1996 No. 95

(3)

Section 64A is inserted by Article 33 of the Welfare Reform and Pensions (Northern Ireland) Order 1999. See also paragraph 13(2)(a) of Schedule 2 to S.R. 1994 No. 300 which inserted the definition of “the Act”

(4)

Paragraph (3) was amended by regulation 6(c) of S.R. 1988 No. 107 and regulation 20(b) of S.R. 1992 No. 304

(5)

Paragraph (4) was amended by regulation 3(3) of S.R. 1996 No. 95