The Pension Protection Fund (Provision of Information) (Amendment) Regulations 2006

Explanatory Note

(This note is not part of the Regulations)

These Regulations amend the Pension Protection Fund (Provision of Information) Regulations 2005 (S.I. 2005/674) as amended by S.I. 2005/2113 and 2184 (“the principal Regulations”).

Regulation 2 amends regulation 3 of the principal Regulations and makes provision as to the information to be provided by the Board in connection with a notice under section 120(2) of the Pensions Act 2004 (c. 35) where the occupational pension scheme or section of a segregated scheme is not an eligible scheme or section. In addition, it makes provision as to the information to be provided by the Board in connection with an application or notice under section 129(1) or (4) of the Pensions Act 2004 respectively. It also requires the Board to provide the information within the period of 28 days beginning with the date it receives the application, notice or all the information or documents requested (if any).

Regulation 3 amends Schedule 1 to the principal Regulations to make provision for information to be provided by the Board, upon request, to a member who is a party to, or contemplating, civil partnership proceedings.

Regulation 4 amends Schedule 2 to the principal Regulations to require the trustees or managers of a scheme to provide the Board with information relating to each member of the scheme who is entitled to a reviewable ill health pension if the decision to award that ill health pension was made within the previous three years immediately before the assessment date.

Regulation 5 amends Schedule 3 to the principal Regulations to make provision regarding the information to be provided by members or beneficiaries to the Board where that member’s civil partnership is dissolved.

These Regulations have only a negligible impact on the cost of business, charities or the voluntary sector. Publication of a full Regulatory Impact Assessment is not necessary for such legislation.