http://www.legislation.gov.uk/id/ukpga/2004/35

http://www.legislation.gov.uk/ukpga/2004/35/section/21/2005-06-01

Pensions Act 2004

An Act to make provision relating to pensions and financial planning for retirement and provision relating to entitlement to bereavement payments, and for connected purposes.

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Statute Law Database

2024-06-03

Expert Participation

2005-06-01

Pensions Act 2004

s. 102(2)(a)

Pensions Act 2008

s. 44(5)(a)

s. 149(1)

art. 2

Sch. 2

Pensions Act 2004

s. 102(2)(b)

Pensions Act 2008

s. 44(5)(b)

s. 149(1)

art. 2

Sch. 2

Pensions Act 2004

s. 103(1A)

Pensions Act 2008

s. 44(6)

s. 149(1)

art. 2

Sch. 2

Pensions Act 2004

s. 117A

Pensions Act 2008

Sch. 10

para. 3

s. 149(1)

Pensions Act 2004

s. 188(1)(ba)

Pensions Act 2008

Sch. 10

para. 6

s. 149(1)

Pensions Act 2004

s. 189A

Pensions Act 2008

Sch. 10

para. 7

s. 149(1)

Pensions Act 2004

s. 209(9)

Pensions Act 2008

Sch. 10

para. 8

s. 149(1)

Pensions Act 2004

Sch. 4

para. 7(5)(a)

Pensions Act 2008

s. 44(8)(a)

s. 149(1)

art. 2

Sch. 2

Pensions Act 2004

Sch. 4

para. 7(5)(b)

Pensions Act 2008

s. 44(8)(b)

s. 149(1)

art. 2

Sch. 2

Pensions Act 2004

Sch. 4

para. 13(3)

Pensions Act 2008

s. 44(9)(b)

s. 149(1)

art. 2

Sch. 2

Pensions Act 2004

Sch. 7

para. 21(2)(c)-(cc)

Pensions Act 2008

Sch. 8

para. 11

s. 149(1)

Pensions Act 2004

s. 38(7)(da)

Pension Schemes Act 2021

s. 104(2)

s. 131(1)

Pensions Act 2004

s. 80(1)(a)

(iib)

Pension Schemes Act 2021

s. 109(3)

s. 131(1)

Pensions Act 2004

s. 291(4)(f) and word

Pension Schemes Act 2021

Sch. 3

para. 19(b)

s. 131(1)

s. 131(3)(a)

Pensions Act 2004

s. 23(1A)

Pension Schemes Act 2015

Sch. 2

para. 26(3)

s. 87

s. 89(4)(a)

Pensions Act 2004

s. 23(10A)

Pension Schemes Act 2015

Sch. 2

para. 26(5)

s. 87

s. 89(4)(a)

Pensions Act 2004

s. 38(1)-(1B)

Pension Schemes Act 2015

Sch. 2

para. 27

s. 87

s. 89(4)(a)

Pensions Act 2004

s. 43(1)-(1B)

Pension Schemes Act 2015

Sch. 2

para. 28(2)

s. 87

s. 89(4)(a)

Pensions Act 2004

s. 52(1)-(1B)

Pension Schemes Act 2015

Sch. 2

para. 29

s. 87

s. 89(4)(a)

Pensions Act 2004

s. 126(1)-(1B)

Pension Schemes Act 2015

Sch. 2

para. 31

s. 87

s. 89(4)(a)

Pensions Act 2004

s. 318(3)(a)(viii)-(x)

Pension Schemes Act 2015

Sch. 2

para. 38(3)(a)

s. 87

s. 89(4)(a)

Pensions Act 2004

s. 318(3)(b)(vi)-(viii)

Pension Schemes Act 2015

Sch. 2

para. 38(3)(b)

s. 87

s. 89(4)(a)

Pensions Act 2004

s. 18(5A)

Pensions Act 2014

s. 52(2)

s. 56(1)

art. 2

Pensions Act 2004

s. 18(6)

Pensions Act 2014

s. 52(3)

s. 56(1)

art. 2

Pensions Act 2004

s. 18(8)

Pensions Act 2014

s. 52(3)

s. 56(1)

art. 2

Part 1The Pensions Regulator

New powers in respect of occupational and personal pension schemes

21Pension liberation: repatriation orders

I21

Subsections (2) and (3) apply where—

a

a restraining order has effect, and

b

the Regulator is satisfied that the restrained account contains an amount of money liberated from a pension scheme.

I22

The Regulator may by order—

a

direct the deposit-taker concerned to pay from the account a sum not exceeding that amount—

i

towards a pension scheme,

ii

towards an annuity or insurance policy, or

iii

to the liberated member, and

b

where it makes an order under paragraph (a)(i), direct the trustees or managers of the scheme to apply the sum, in such manner as the Regulator may direct, for the purpose of providing benefits under the scheme to or in respect of the liberated member.

I23

If it appears to the Regulator, on taking an overall view of transactions taking place before the restraining order was made, that there are two or more individuals each of whom is a person who is or may be the liberated member in relation to some of the money, the Regulator may determine the sums to be paid from the restrained account under subsection (2) on any basis that appears to the Regulator to be just and reasonable.

I14

Regulations may modify any of the provisions of the Pension Schemes Act 1993 (c. 48) as it applies in relation to cases where an order is made under subsection (2)(b).

I25

Section 10 of the Pensions Act 1995 (c. 26) (civil penalties) applies to a deposit-taker who, without reasonable excuse, fails to comply with a direction given to him under subsection (2)(a).

I26

If the trustees or managers of a pension scheme fail to comply with a direction given to them under subsection (2)(b), that section applies to any trustee or manager who has failed to take all reasonable steps to secure compliance.

I27

In this section “restrained account” has the meaning given by section 20.