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SCHEDULES

SCHEDULE 4E+W+SRights to transfer benefits

PART 2 E+W+SNorthern Ireland amendments

Valid from 06/04/2015

Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1))E+W+S

79E+W+SThe Pensions (Northern Ireland) Order 2005 is amended as follows.

80(1)Article 2 (interpretation) is amended as follows.E+W+S

(2)In paragraph (3), for “an occupational pension scheme” substitute “ a pension scheme ”.

(3)In paragraph (4)(a), for head (ii) substitute—

(ii)Chapter 2 or 3 of Part 4 of the Pension Schemes Act (certain protection for early leavers) or regulations made under either of those Chapters;

(iia)Chapter 1 or 2 of Part 4ZA of that Act (transfers and contribution refunds) or regulations made under either of those Chapters;.

81(1)Article 14 (pension liberation: interpretation) is amended as follows.E+W+S

(2)In paragraph (2)(a)—

(a)after “accrued rights” insert “ or an entitlement ”;

(b)in head (ii), for “the applicable rules” substitute “ the scheme rules ”.

(3)In paragraph (3)—

(a)for sub-paragraph (a) substitute—

(a)section 90 of the Pension Schemes Act (right to cash equivalent under Chapter 1 of Part 4ZA of that Act);;

(b)in sub-paragraph (b), for “Chapter 5 of Part IV” substitute “ Chapter 2 of Part 4ZA ”.

(4)In paragraph (4)(d), for “the applicable rules” substitute “ the scheme rules ”.

(5)Omit paragraph (5).

82E+W+SIn Article 19 (freezing orders), in paragraph (4)(g), for “salary related schemes” substitute “ benefits other than money purchase ”.

83E+W+SIn Article 20 (consequences of freezing order), in paragraph (7), for sub-paragraphs (a) and (b) substitute—

(a)Chapter 1 of Part 4ZA of the Pension Schemes Act (transfer rights: general), or

(b)Chapter 2 of that Part (early leavers: cash transfer sums and contribution refunds),.

84E+W+SIn Article 68 (inspection of premises), in paragraph (2)(d)—

(a)for “Chapter 4 of Part IV” substitute “ Chapter 1 of Part 4ZA ”;

(b)for “Chapter 5 of Part IV” substitute “ Chapter 2 of Part 4ZA ”.

85E+W+SIn Article 119 (restrictions on winding up, discharge of liabilities etc.), in paragraph (6)(b), for “Chapter 5 of Part IV” substitute “ Chapter 2 of Part 4ZA ”.

86E+W+SIn Article 122 (payment of scheme benefits), in paragraph (3)(b), for “Chapter 5 of Part IV” substitute “ Chapter 2 of Part 4ZA ”.

87(1)Schedule 6 (pension compensation provisions) is amended as follows.E+W+S

(2)In paragraph 20(1)(c), for “Chapter 5 of Part IV” substitute “ Chapter 2 of Part 4ZA ”.

(3)In paragraph 32(1)(b), for “Chapter 5 of Part IV” substitute “ Chapter 2 of Part 4ZA ”.