The Occupational Pension Schemes (Fraud Compensation Levy) Regulations (Northern Ireland) 2006

Interpretation

2.—(1) In these Regulations—

“the Order” means the Pensions (Northern Ireland) Order 2005;

“life member”, in relation to a scheme, means a person who is an active member but whose service under the scheme is only pensionable service for the purposes of death benefits;

“member”, in relation to a scheme, means a person who is one or more of the following—

(a)

an active member (but not a life member);

(b)

a deferred member (including where a life member would be a deferred member if he were not an active member);

(c)

a pensioner member, or

(d)

a pension credit member;

“the reference day” has the meaning given in regulation 4;

“registrable scheme” means a scheme to which regulation 2 of the Register of Occupational and Personal Pension Schemes Regulations (Northern Ireland) 2005(1) applies;

“relevant public authority” has the meaning given in Article 280(4) (modification of the Order in relation to certain categories of schemes);

“scheme” means an occupational pension scheme to which Chapter 4 of Part III of the Order (fraud compensation) applies;

“scheme year”, in relation to a scheme, means—

(a)

a year specified for the purposes of the scheme in any document comprising the scheme or, if none, a period of 12 months beginning on 1st April, or on such other date as the trustees or managers select, or

(b)

such other period (if any) exceeding 6 months but not exceeding 18 months as is selected by the trustees or managers in connection with—

(i)

the commencement or termination of the scheme, or

(ii)

a variation of the date on which the year or period referred to in paragraph (a) is to begin;

“stakeholder pension scheme” means a stakeholder pension scheme within the meaning of Article 3 of the Welfare Reform and Pensions (Northern Ireland) Order 1999(2) which is established under a trust;

“unallocated assets”, in relation to a scheme, means any assets of the scheme which have not been specifically allocated for the provision of benefits to, or in respect of, members (whether generally or individually).

(2) In these regulations any reference to a numbered Article is a reference to the Article of the Order bearing that number.

(1)

S.R. 2005 No. 93; regulation 2 was amended by regulation 5(3) of S.R. 2006 No. 65

(2)

S.I. 1999/3147 (N.I. 11); Article 3 was amended by Article 262(2) to (4) of the Pensions (Northern Ireland) Order 2005