
Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThis
Cross Heading
only
Changes over time for: Cross Heading: Pension compensation


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 01/01/2007.
Changes to legislation:
Pensions Act 2004, Cross Heading: Pension compensation is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
Pension compensationU.K.
277Amendments relating to the Pensions Compensation BoardU.K.
(1)The Pensions Act 1995 (c. 26) is amended as follows.
(2)In section 80 (review of decisions of the Pensions Compensation Board)—
(a)after subsection (2) insert—
“(2A)The Compensation Board may also review such a determination without an application being made.”, and
(b)for subsections (4) and (5) substitute—
“(4)Regulations may make provision—
(a)with respect to reviews under this section (or any corresponding provision in force in Northern Ireland);
(b)with respect to applications under subsection (2) (or any corresponding provision in force in Northern Ireland) and the procedure to be adopted on any such application.”
(3)In section 81 (cases where compensation provisions apply), omit subsections (1)(d), (2A) and (7).
(4)In section 83 (amount of compensation) for subsections (3) and (4) substitute—
“(3)The amount of the payment, or (if there is more than one) the aggregate, must not exceed the aggregate of—
(a)the amount (if any) by which the shortfall at the application date exceeds the recoveries of value made between the application date and the settlement date, and
(b)interest at the prescribed rate for the prescribed period on the amount of that excess (if any).”
Back to top