The Occupational Pension Schemes (Winding Up, Deficiency on Winding Up and Transfer Values) (Amendment) Regulations 2005

Statutory Instruments

2005 No. 72

PENSIONS

The Occupational Pension Schemes (Winding Up, Deficiency on Winding Up and Transfer Values) (Amendment) Regulations 2005

Made

19 January 2005

Laid before Parliament

25 January 2005

Coming into force

15 February 2005

The Secretary of State for Work and Pensions, in exercise of the powers conferred upon him by sections 113, 181(1) and 182(2) of the Pension Schemes Act 1993(1) and sections 73(3), 75(5), 124(1) and 174(2) and (3) of the Pensions Act 1995(2) and of all other powers enabling him in that behalf, after consultation with such persons as he considered appropriate(3), hereby makes the following Regulations:

(1)

1993 c. 48. Section 181(1) is cited because of the meaning given to “prescribe”.

(2)

1995 c. 26. Section 73(3) was amended by section 38(1) of the Welfare Reform and Pensions Act 1999 (c. 30) and is modified by regulation 3 of S.I. 1996/3126 as amended by S.I. 2000/2691 and S.I. 2004/1140. Section 75 of the Act is modified by regulation 4 of S.I. 1996/3128 as amended by S.I. 1997/786. Section 124(1) of the Act is cited because of the meaning given to “prescribed” and “regulations”.

(3)

See section 185(1) of the 1993 Act and section 120(1) of the 1995 Act for the requirement to consult.