SCHEDULE 9Pensions dashboards: Northern Ireland
Information from occupational pension schemes
3
“Information from occupational pension schemes215D
(1)
Regulations may impose requirements on the trustees or managers of a relevant occupational pension scheme with respect to—
(a)
providing pensions information by means of—
(i)
a qualifying pensions dashboard service, or
(ii)
the pensions dashboard service provided by the Money and Pensions Service;
(b)
facilitating the provision of pensions information by means of—
(i)
a qualifying pensions dashboard service, or
(ii)
the pensions dashboard service provided by the Money and Pensions Service.
(2)
In this Article “pensions information” means, in relation to a relevant occupational pension scheme, such information as may be prescribed, which may include in particular—
(a)
information relating to—
(i)
the constitution of the scheme,
(ii)
the administration and finances of the scheme,
(iii)
the rights and obligations that arise or may arise under the scheme,
(iv)
the pensions and other benefits an entitlement to which would be likely to accrue to a member, or be capable of being secured by a member, in respect of the rights that may arise under the scheme, and
(v)
other matters relevant to occupational pension schemes in general or to occupational pension schemes of a description to which the scheme belongs;
(b)
information as regards the position of an individual in relation to the scheme.
(3)
Regulations under paragraph (1) may, in particular, impose requirements about—
(a)
the persons to whom pensions information must be provided;
(b)
the circumstances in which pensions information must be provided;
(c)
the steps to be taken before pensions information may be provided;
(d)
the manner and form in which pensions information must be provided;
(e)
the time within which pensions information must be provided;
(f)
the way in which pensions information must be held.
(4)
Regulations under paragraph (1) may require the trustees or managers of a scheme to comply with standards, specifications or technical requirements published from time to time by—
(a)
the Department,
(b)
the Money and Pensions Service, or
(c)
a person specified or of a description specified in the regulations.
(5)
Regulations under paragraph (1) may include provision under which a determination may fall to be made by—
(a)
the Department,
(b)
the Money and Pensions Service, or
(c)
a person specified or of a description specified in the regulations.
(6)
Regulations under paragraph (1) may require the trustees or managers to provide prescribed information about their carrying out of requirements prescribed under this Article to—
(a)
the Regulator,
(b)
the Money and Pensions Service, or
(c)
a person specified or of a description specified in the regulations.
(7)
In complying with requirements prescribed under this Article, a trustee or manager of an occupational pension scheme must have regard to guidance issued from time to time by—
(a)
the Department, or
(b)
a person specified or of a description specified in the regulations.
Information from occupational pension schemes: further provision215E
(1)
(a)
how pensions information is to be provided, including provision about the use of intermediaries;
(b)
the involvement of the trustees or managers of a scheme in the arrangements for dealing with requests for information about pensions.
(2)
The provision made by virtue of paragraph (1) may, in particular, require—
(a)
the use of electronic communications;
(b)
the use of facilities or services specified or of a description specified in the regulations;
(c)
the provision of assistance in connection with the establishment, maintenance or management of such facilities or services;
(d)
participation in, or compliance with, arrangements for establishing, maintaining or managing such facilities or services.
(3)
The facilities and services for which provision may be made by virtue of paragraph (2)(b) may include facilities or services with functions relating to—
(a)
the transmission of information,
(b)
verifying the identity of a person,
(c)
identifying the occupational or personal pension scheme or schemes under which pensions are payable to or in respect of a particular individual,
(d)
authenticating information transmitted by means of electronic communications, or
(e)
ensuring the security of information transmitted by means of electronic communications.
(4)
Regulations under paragraph (2)(b) may impose requirements as regards a facility or service, including requirements about—
(a)
compliance with standards, specifications or technical requirements published from time to time by—
(i)
the Department,
(ii)
the Money and Pensions Service, or
(iii)
a person specified or of a description specified in the regulations;
(b)
the provider of the facility or service being a person approved from time to time by—
(i)
the Department,
(ii)
the Money and Pensions Service, or
(iii)
a person specified or of a description specified in the regulations.
(5)
(a)
to cooperate with the Money and Pensions Service or other persons specified or of a description specified in the regulations;
(b)
to coordinate activities with the Money and Pensions Service or other persons specified or of a description specified in the regulations.
(6)
Except as provided by paragraph (7), regulations under Article 215D(1) may provide for the processing of personal data in accordance with the regulations not to be in breach of—
(a)
any obligation of confidence owed by the person processing the personal data, or
(b)
any other restriction on the processing of personal data (however imposed).
(7)
Regulations under Article 215D(1) are not to be read as authorising or requiring such processing of personal data as would contravene the data protection legislation (but in determining whether particular processing of data would do so, take into account the power conferred or duty imposed by the provision of regulations in question).
Articles 215D and 215E: interpretation215F
(1)
(2)
A reference to the Money and Pensions Service includes a reference to a person with whom arrangements are made under section 5(1), (2) or (3) of the Financial Guidance and Claims Act 2018.
(3)
“the data protection legislation” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);
“pensions dashboard service” means—
(a)
a pensions dashboard service within the meaning of Article 215A, or
(b)
a pensions dashboard service within the meaning of section 238A of the Pensions Act 2004;
“personal data” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);
“qualifying pensions dashboard service” means a pensions dashboard service that satisfies—
(a)
such requirements as may be prescribed by regulations under Article 215A, or
(b)
such requirements as may be prescribed by regulations under section 238A of the Pensions Act 2004;
“relevant occupational pension scheme” means an occupational pension scheme which is not a stakeholder pension scheme (as defined in Article 3 of the 1999 Order).
Compliance215G
(1)
Regulations may make provision with a view to securing that the trustees or managers of a relevant occupational pension scheme comply with a provision of regulations under Article 215D.
(2)
The regulations may, among other things—
(a)
provide for the Regulator to issue a notice (a “compliance notice”) to a person with a view to ensuring the person’s compliance with a provision of regulations under Article 215D;
(b)
provide for the Regulator to issue a notice (a “third party compliance notice”) to a person with a view to ensuring another person’s compliance with a provision of the regulations;
(c)
provide for the Regulator to issue a notice (a “penalty notice”) imposing a penalty on a person where the Regulator is of the opinion that the person—
(i)
has failed to comply with a compliance notice or third party compliance notice, or
(ii)
has contravened a provision of regulations under Article 215D;
(d)
provide for the making of a reference to the First-tier Tribunal or Upper Tribunal in respect of the issue of a penalty notice or the amount of a penalty;
(e)
confer other functions on the Regulator.
(3)
The regulations may make provision for determining the amount, or the maximum amount, of a penalty in respect of a failure or contravention.
(4)
But the amount of a penalty imposed under the regulations in respect of a failure or contravention must not exceed—
(a)
£5,000, in the case of an individual, and
(b)
£50,000, in any other case.
(5)
In this Article “relevant occupational pension scheme” has the meaning given by Article 215F.”