SCHEDULE 11Further provision relating to pension schemes: Northern Ireland
PART 2Other provision
Administration charges
15
(1)
In Article 3 of the Welfare Reform and Pensions (Northern Ireland) Order 1999 (S.I. 1999/3147 (N.I. 11)) (meaning of “stakeholder pension scheme”), in paragraph (5) (fourth condition: charge cap)—
(a)
for “result in” substitute “constitute”
;
(b)
after “members” insert “or the making of transfer payments with a view to acquiring rights or entitlements to pension benefits under different pension schemes”
.
(2)
In Schedule 18 to the Pensions Act (Northern Ireland) 2015 (c. 5 (N.I.)) (power to restrict charges or impose requirements in relation to schemes), in paragraph 1(5), in the definition of “administration charge”—
(a)
for “result in” substitute “constitute”
;
(b)
after “members” insert “or the making of transfer payments with a view to acquiring rights or entitlements to pension benefits under different pension schemes”
.
(3)
In section 109 of the Pension Schemes (Northern Ireland) Act 1993 (disclosure of information about schemes to members etc)—
(a)
in subsection (6)(b), after “the” insert “other”
;
(b)
in subsection (7), after “or” insert “other”
.