Explanatory Note

(This note is not part of the Order)

This Order brings into force on 23rd April 2001 section 17 of the Welfare Reform and Pensions Act 1999 which amends the Pensions Act 1995 to make further provision for the compensation payable by the Pensions Compensation Board to schemes whose assets have been reduced in value as a result of certain acts or omissions. An associated repeal is brought into force on the same day.

This Order does not impose any charge on business.