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Pension Schemes Act 2015
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53Independent advice: consequential amendments: Northern Ireland
This section has no associated Explanatory Notes
(1)The Pension Schemes (Northern Ireland) Act 1993 is amended as follows.
(2)In section 95 (trustees’ duties after exercise of option), after subsection (2) insert—
“(2A)Subsection (2) does not apply if—
(a)the trustees or managers have been unable to carry out the check required by section 51 of the Pension Schemes Act 2015 by reason of factors outside their control, or
(b)the trustees or managers have carried out the check required by section 51 of the Pension Schemes Act 2015 but the check did not confirm that the member had received appropriate independent advice.”
(3)In section 97J (time for compliance with transfer notice in respect of pension credit benefits), after subsection (2A) (inserted by paragraph 64(3) of Schedule 4 to this Act) insert—
“(2B)Subsection (1) does not apply if—
(a)the trustees or managers have been unable to carry out the check required by section 51 of the Pension Schemes Act 2015 by reason of factors outside their control, or
(b)the trustees or managers have carried out the check required by section 51 of the Pension Schemes Act 2015 but the check did not confirm that the member had received appropriate independent advice.”
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