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(This note is not part of the Order)
This Order makes transitional adaptations and savings in connection with the dissolution of the Pensions Compensation Board.
Article 2(1) provides for references to the Pensions Compensation Board to be read as references to the Board of the Pension Protection Fund (“the Board”) in relation to anything which is continued by, or in relation to, the Board pursuant to, or for the purposes of, any function of the Pensions Compensation Board.
Article 2(2) provides for an addition to the reviewable matters mentioned in Schedule 8 to the Pensions (Northern Ireland) Order 2005.
Article 3 saves provisions of the Pensions (Northern Ireland) Order 1995 for the purpose of giving effect to the transitional adaptations in Article 2(1).
The Pensions (2005 Order) (Commencement No. 5 and Appointed Day) Order (Northern Ireland) 2005 (S.R. 2005 No. 321 (C. 24)) provides for the coming into operation of Article 292, under which this Order is made, on 1st July 2005.
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