The Occupational Pension Schemes (Modification of Schemes) Regulations 2006

Citation, commencement and interpretation

1.—(1) These Regulations may be cited as the Occupational Pension Schemes (Modification of Schemes) Regulations 2006.

(2) Regulations 6 and 7 shall come into force on 30th March 2006 and all other regulations shall come into force on 6th April 2006.

(3) In these Regulations—

“the 1993 Act” means the Pension Schemes Act 1993(1);

“the 1995 Act” means the Pensions Act 1995;

“the 2004 Act” means the Finance Act 2004(2);

“the 2006 Regulations” means the Registered Pension Schemes (Modification of the Rules of Existing Schemes) Regulations 2006(3);

“protected rights” has the same meaning as in section 10 of the 1993 Act(4) (protected rights and money purchase benefits);

“public service pension scheme” has the same meaning as in section 1 of the 1993 Act(5) (categories of pension schemes);

“registered pension scheme” means a scheme which is a registered pension scheme for the purposes of Part 4 of the 2004 Act (pension schemes etc.);

“scheme” means an occupational pension scheme;

“the scheme administrator” has the same meaning as in section 270 of the 2004 Act (meaning of scheme administrator);

“the transitional period” has the same meaning as in regulation 1(2) of the 2006 Regulations;

“unauthorised member payment” has the same meaning as in section 160(2) of the 2004 Act (payments by registered pension schemes).

(1)

1993 c. 48.

(2)

2004 c. 12.

(3)

S.I. 2006/364

(4)

Section 10 was amended by Schedule 5 to the Pensions Act 1995 (c. 26), section 32(2) of the Welfare Reform and Pensions Act 1999 (c. 30), Schedule 1 to the Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2) and Schedule 11 to the Proceeds of Crime Act 2002 (c. 29).

(5)

The definition of “public service pension scheme” was amended by S.I. 1999/1820.