PART 2N.I.RESTRICTIONS ON CHARGES [F1CHAPTER 1 Default arrangements, [F2qualifying collective money purchase schemes,] non-contributing members and payments to advisers]

Textual Amendments

F1Words before reg. 4 heading inserted (1.10.2021) by The Occupational Pension Schemes (Administration, Investment and Charges and Governance) (Amendment) Regulations (Northern Ireland) 2021 (S.R. 2021/272), regs. 1(1), 6(3)

F2Words in Pt. 2 Ch. 1 heading inserted (26.1.2024) by The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations (Northern Ireland) 2024 (S.R. 2024/15), reg. 1, Sch. 7 para. 7, 36

[F3CHAPTER 2N.I.RESTRICTIONS ON EARLY EXIT CHARGES

Textual Amendments

F3Reg. 13A-13E inserted (1.10.2021) by The Occupational Pension Schemes (Administration, Investment and Charges and Governance) (Amendment) Regulations (Northern Ireland) 2021 (S.R. 2021/272), regs. 1(1), 6(12)

Prohibition of early exit chargesN.I.

13B.—(1) This regulation applies to a member of a relevant scheme who joined that scheme on or after 1st October 2021.

(2) Service providers and trustees and managers of a relevant scheme must not impose an early exit charge, or permit such a charge to be imposed, on a member of the scheme to whom this regulation applies.]