The Pension Protection Fund (Entry Rules) Amendment Regulations 2005

Statutory Instruments

2005 No. 2153

PENSIONS

The Pension Protection Fund (Entry Rules) Amendment Regulations 2005

Made

2nd August 2005

Laid before Parliament

3rd August 2005

Coming into force

24th August 2005

The Secretary of State for Work and Pensions, in exercise of the powers conferred upon him by sections 121(5), 125(4)(a), 126(5), 129(1)(b), (1A)(b), (3)(b) and (8), 315(2), (4) and (5) and 318(1) of the Pensions Act 2004(1), and of all other powers enabling him in that behalf, by this instrument, which contains regulations made before the end of the period of six months beginning with the coming into force of the provisions of that Act by virtue of which the regulations are made(2), makes the following Regulations:

(1)

2004 c. 35. The Pensions Act 2004 is modified in its application to partially guaranteed schemes by S.I. 2005/277, in its application to hybrid schemes by S.I .2005/449, and in its application to multi-employer schemes by S.I. 2005/441 as amended by S.I. 2005/993. Section 129(1A) of the Act was inserted by the modifications in Parts 3 and 6 of S.I. 2005/441 as substituted by regulation 10(3) and (4) of S.I. 2005/2113. Section 318(1) is cited because of the meaning there given to “prescribed” and “regulations”.

(2)

See section 317 of the Pensions Act 2004, which provides that the Secretary of State must consult such persons as he considers appropriate before making regulations by virtue of the provisions of that Act (other than Part 8). This duty does not apply where regulations are made before the end of the period of six months beginning with the coming into force of the provisions of the Act by virtue of which the regulations are made.