Search Legislation

Pension Schemes Act 2021

Status:

This is the original version (as it was originally enacted).

122The Money and Pensions Service: the pensions guidance function

This section has no associated Explanatory Notes

In the Financial Guidance and Claims Act 2018, after section 4 (specific requirements as to the pensions guidance function) insert—

4ASpecific functions included in the pensions guidance function

(1)The single financial guidance body must provide a pensions dashboard service by means of which—

(a)information that the trustees or managers of a relevant occupational pension scheme are required to provide by—

(i)regulations under section 238D(1)(a)(ii) of the Pensions Act 2004, or

(ii)regulations under Article 215D(1)(a)(ii) of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)), and

(b)information that specified authorised persons are required to provide by general rules under section 137FAA(1)(a)(ii) of the Financial Services and Markets Act 2000,

may be requested by, and provided to, an individual or a person authorised by the individual.

(2)The single financial guidance body may, by means of its pensions dashboard service, provide information about—

(a)state pensions,

(b)basic and additional retirement pensions, and

(c)state pension information relating to an individual.

(3)The single financial guidance body may carry out other functions relating to pensions dashboard services, including functions for which provision is made by—

(a)regulations under section 238A of the Pensions Act 2004 or Article 215A of the Pensions (Northern Ireland) Order 2005 (qualifying pensions dashboard services),

(b)regulations under section 238D of the Pensions Act 2004 or Article 215D of the Pensions (Northern Ireland) Order 2005 (information from occupational pension schemes), or

(c)general rules under section 137FAA of the Financial Services and Markets Act 2000 (information from personal or stakeholder pension schemes).

(4)The functions of the single financial guidance body referred to in subsections (1) to (3) are part of its pensions guidance function.

(5)Subsections (1) to (4) are without prejudice to sections 3(4) and (8) and 4.

(6)In this section—

  • “pensions dashboard service” means—

    (a)

    a pensions dashboard service within the meaning of section 238A of the Pensions Act 2004, or

    (b)

    a pensions dashboard service within the meaning of Article 215A of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1));

  • “relevant occupational pension scheme” has the meaning given by—

    (a)

    section 238F of the Pensions Act 2004, in relation to England and Wales and Scotland, and

    (b)

    Article 215F of the Pensions (Northern Ireland) Order 2005, in relation to Northern Ireland;

  • “specified authorised person” has the meaning given by section 137FAC of the Financial Services and Markets Act 2000;

  • “state pension”, “basic retirement pension”, “additional retirement pension” and “state pension information” have the meaning given by section 238C of the Pensions Act 2004.

Back to top

Options/Help

Print Options

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

See additional information alongside the content

Show Explanatory Notes for Sections: Displays relevant parts of the explanatory notes interweaved within the legislation content.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources