The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2008

Statutory Instruments

2008 No. 1903

Pensions

The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2008

Made

16th July 2008

Coming into force in accordance with regulation 1

The Secretary of State for Work and Pensions makes the following Regulations in exercise of the powers conferred by section 181(1) of, and paragraph 5(3B) of Schedule 2 to, the Pension Schemes Act 1993(1), paragraph 5(3B) and (4A) of Schedule 1 to the Pension Schemes (Northern Ireland) Act 1993(2) and now vested in him(3) and sections 286, 315(2) and (4) and 318(1) of the Pensions Act 2004(4).

In accordance with section 316(2)(n) of the Pensions Act 2004, a draft of this instrument was laid before Parliament and approved by a resolution of each House of Parliament.

Except in relation to regulation 22, the Secretary of State has consulted such persons as he considers appropriate in accordance with section 185(1) of the Pension Schemes Act 1993(5) and section 317(1) of the Pensions Act 2004.

(1)

1993 c.48. Paragraph 5(3B) was inserted by section 141 of the Pensions Act 1995 (c.26). Section 181(1) is cited because of the meaning given to “regulations”.

(2)

1993 c.49. Paragraph 5(3B) was inserted by Article 138(2)(b) of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I.22)) and amended by paragraph 77(5)(c) of Schedule 1 to the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999 (S.I. 1999/671). Paragraph 5(4A) was added by paragraph 77(5)(d) of Schedule 1 to S.I.1999/671 and is cited because of the meaning given to “regulations”.

(3)

See paragraph 5(4A) of Schedule 1 to the Pension Schemes (Northern Ireland) Act 1993.

(4)

2004 c.35. Section 286 was amended by section 18(2) and (3) of the Pensions Act 2007 (c.22) and is modified in its application to multi-employer schemes by S.I. 2005/441 (amended by S.I. 2005/993 and 2005/2113). Section 318(1) is cited because of the meanings given to “prescribed” and “regulations”.

(5)

Section 185(1) was amended by paragraph 46 of Schedule 3 to, and paragraph 80(a) of Schedule 5 to, the Pensions Act 1995.