The Pensions (2005 Order) (Codes of Practice) (Revocation) Order (Northern Ireland) 2024

Statutory Rules of Northern Ireland

2024 No. 131

Pensions

The Pensions (2005 Order) (Codes of Practice) (Revocation) Order (Northern Ireland) 2024

Made

13th June 2024

Coming into operation

5th July 2024

The Department for Communities(1) makes the following Order in exercise of the powers conferred by Article 87(1) of the Pensions (Northern Ireland) Order 2005(2).

The Pensions Regulator consents to the making of this Order as required by Article 87(2) of the Pensions (Northern Ireland) Order 2005.

Citation and commencement N.I.

1.  This Order may be cited as the Pensions (2005 Order) (Codes of Practice) (Revocation) Order (Northern Ireland) 2024 and shall come into operation on 5th July 2024.

Commencement Information

I1 Art. 1 in operation at 5.7.2024, see art. 1

Revocation of codes of practice N.I.

2.  The following Codes of Practice are revoked—

(a) the Pensions Regulator Code of Practice No. 1: Reporting breaches of the law(3);

(b) the Pensions Regulator Code of Practice No. 4: Early leavers – reasonable periods(4);

(c) the Pensions Regulator Code of Practice No. 5: Reporting late payment of contributions to occupational money purchase schemes(5);

(d) the Pensions Regulator Code of Practice No. 6: Reporting late payment of contributions to personal pensions(6);

(e) the Pensions Regulator Code of Practice No. 7: Trustee knowledge and understanding (TKU)(7);

(f) the Pensions Regulator Code of Practice No. 8: Member-nominated trustees and directors – putting in place and implementing arrangements(8);

(g) the Pensions Regulator Code of Practice No. 9: Internal controls(9);

(h) the Pensions Regulator Code of Practice No. 11: Dispute resolution – reasonable periods(10);

(i) the Pensions Regulator Code of Practice No. 7: Trustee knowledge and understanding (TKU): Second issue(11);

(j) the Pensions Regulator Code of Practice No. 5: Reporting late payment of contributions to occupational pension schemes: Second issue(12);

(k) the Pensions Regulator Code of Practice No. 6: Reporting late payment of contributions to personal pension schemes: Second issue(13);

(l) the Pensions Regulator Code of Practice No. 13: Governance and administration of occupational trust-based schemes(14);

(m) the Pensions Regulator Code of Practice No. 14: Governance and administration of public service pension schemes(15);

(n) the Pensions Regulator Code of Practice No. 13: Governance and administration of occupational trust-based schemes providing money purchase benefits: Second issue(16).

Commencement Information

I2 Art. 2 in operation at 5.7.2024, see art. 1

Sealed with the Official Seal of the Department for Communities on 13th June 2024

(L.S.)

David Tarr

A senior officer of the Department for Communities

Consent given by authority of the Pensions Regulator on 6th June 2024

Nausicaa Delfas

Chief Executive of the Pensions Regulator

EXPLANATORY NOTE

(This is not part of the Order)

This Order revokes codes of practice that were issued by the Pensions Regulator. The Pensions Regulator has issued the General code of practice which consolidates ten existing codes of practice and provides guidance to those running occupational, personal and public service pension schemes.

The General code of practice is available on the Pensions Regulator’s website: https://www.thepensionsregulator.gov.uk/en/document-library. Copies may be obtained by post from the Pensions Regulator, Telecom House, 125-135 Preston Road, Brighton BN1 6AF.

(1)

See section 1(7) of the Departments Act (Northern Ireland) 2016 (c. 5 (N.I.))

(2)

S.I. 2005/255 (N.I. 1); Article 87 was amended by paragraph 16 of Schedule 4 to the Public Service Pensions Act (Northern Ireland) 2014 (c. 2 (N.I.))

(3)

See Article 2 of S.R. 2005 No. 192 (C. 14)

(4)

See Article 2(a) of S.R. 2006 No. 231

(5)

See Article 2(b) of S.R. 2006 No. 231

(6)

See Article 2(c) of S.R. 2006 No. 231

(7)

See Article 2(d) of S.R. 2006 No. 231

(8)

See Article 2(a) of S.R. 2006 No. 460

(9)

See Article 2(b) of S.R. 2006 No. 460

(10)

See Article 2 of S.R. 2008 No. 305

(11)

See Article 2 of S.R. 2009 No. 374

(12)

See Article 2(a) of S.R. 2013 No. 222

(13)

See Article 2(b) of S.R. 2013 No. 222

(14)

See Article 2 of S.R 2013 No. 263

(15)

See Article 2 of S.R. 2015 No. 118

(16)

See Article 2 of S.R. 2016 No. 330