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Changes over time for: Cross Heading: Funding


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.
Version Superseded: 01/04/2005
Status:
Point in time view as at 10/02/2005. This version of this cross heading contains provisions that are not valid for this point in time.

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Changes to legislation:
Pensions Act 2004, Cross Heading: Funding 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
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FundingU.K.
24U.K.The Secretary of State may pay the Regulator out of money provided by Parliament such sums as he may determine towards its expenses.
Valid from 06/04/2005
25(1)The Secretary of State may make regulations authorising the Regulator to charge fees to meet the costs incurred by the Regulator in connection with applications made for—U.K.
(a)the modification of an occupational pension scheme under section 69 of the Pensions Act 1995 (c. 26) or under any corresponding provision in force in Northern Ireland, or
(b)the issuing of a clearance statement under section 42 or 46 or under any corresponding provision in force in Northern Ireland.
(2)Regulations under sub-paragraph (1) may prescribe, or authorise the Regulator to determine, the time at which any fee is due.
(3)Any fee which is owed to the Regulator by virtue of regulations under this paragraph may be recovered as a debt due to the Regulator.
26(1)Section 175 of the Pension Schemes Act 1993 (c. 48) (levies towards certain expenditure) is amended as follows.E+W+S
(2)In subsection (1) omit “or” at the end of paragraph (b) and for paragraph (c) substitute—
“(c)of the Regulatory Authority (including the establishment of the Authority under the Pensions Act 2004), or
(d)of the Lord Chancellor in meeting the costs of the legal assistance scheme established by virtue of section 106 of the Pensions Act 2004 (legal assistance in connection with proceedings before the Pensions Regulator Tribunal),”.
(3)In subsection (3), in paragraph (a), for the words from “any amounts paid” to the end of the paragraph substitute “—
(i)any amounts paid to the Secretary of State under section 168(4) of this Act or section 10 of the Pensions Act 1995 (civil penalties), and
(ii)any fees paid to the Authority under paragraph 25 of Schedule 1 to the Pensions Act 2004 (fees for certain applications), and”.
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