C1Part 1Pension scheme membership for jobholders

Annotations:
Modifications etc. (not altering text)
C1

Pt. 1 applied (with modifications) (temp. 1.7.2012 to 30.6.2020) by The Automatic Enrolment (Offshore Employment) Order 2012 (S.I. 2012/1388), art. 2 (with saving in art. 5)

Chapter 4Supplementary provision about compliance and information-sharing

Records and information

63Information for private pensions policy and retirement planning

1

In Schedule 10 to the Pensions Act 2004 (c. 35) (use and supply of information for purposes relating to private pensions policy and retirement planning), after paragraph 3 insert—

4Supply of information held by the Regulator

1

This paragraph applies to information which is held—

a

by the Regulator;

b

by a person providing services to the Regulator, in connection with the provision of those services.

2

Information to which this paragraph applies may be supplied—

a

to the Secretary of State or the Northern Ireland Department, or

b

to a person providing services to the Secretary of State or the Northern Ireland Department,

for use for the purposes of functions relating to private pensions policy or retirement planning.

3

In this paragraph—

  • “private pensions policy” means policy relating to schemes which are occupational pension schemes or personal pension schemes within the meaning of Part 1 of the Pensions Act 2008;

  • “retirement planning” and “the Northern Ireland Department” have the same meaning as in paragraph 2.

2

Section 323 of the Pensions Act 2004 (extent) is amended as follows.

3

In subsection (2)(c) (provisions extending to Northern Ireland)—

a

for “paragraph 2” substitute “ paragraphs 2 and 4 ”;

b

for “that paragraph” substitute “ those paragraphs ”.

4

In subsection (4), for “paragraph 2” substitute “ paragraphs 2 and 4 ”.

5

Section 3 of the Social Security Act 1998 (c. 14) (use of information) is amended as follows.

6

In subsection (5), in the definition of “private pensions policy”—

a

the words from “occupational” to the end become paragraph (a), and

b

after that paragraph insert

or

b

occupational pension schemes or private pension schemes within the meaning of Part 1 of the Pensions Act 2008, if they do not fall within paragraph (a);