Pension Schemes Act 2021 (c. 1)

SCHEDULES

SCHEDULE 11 N.I. Further provision relating to pension schemes: Northern Ireland

PART 1 N.I. Funding of defined benefit schemes

Amendments of Part 4 of the Pensions (Northern Ireland) Order 2005 N.I.

7 (1) Article 210 (powers of the Regulator) is amended as follows. N.I.

(2) In paragraph (1), before sub-paragraph (za) insert—

“(zza) that the trustees or managers have failed to comply with any of the requirements of Article 200A (funding and investment strategy) or regulations under that Article;”.

(3) In paragraph (2), after sub-paragraph (a) insert—

“(aa) it may give a direction requiring the trustees or managers to revise the scheme's funding and investment strategy in accordance with the direction;”.

Commencement Information

I1 Sch. 11 para. 7 in force at Royal Assent for specified purposes, see s. 131(3)(c)

I2 Sch. 11 para. 7 in force at 6.4.2024 in so far as not already in force by S.R. 2024/89, art. 2(b)