The Pensions Act 2008 (Commencement No. 7 and Saving, Consequential and Incidental Provisions) Order 2010

Consequential and incidental provisions

4.—(1) In the Financial Assistance Scheme Regulations 2005(1)—

(a)in regulation 2(1) (interpretation) after the definition of “scheme manager” insert—

““scheme’s pension liabilities”, in respect of a member of a qualifying pension scheme, means the liabilities of the scheme to, or in respect of, the member in respect of pensions or other benefits (including increases in pensions);”;

(b)in regulation 15(5) (qualifying members)(2) for sub-paragraph (c) substitute—

“(c)the scheme’s pension liabilities in respect of that person have not been satisfied in full.”.

(2) In regulation 2(1) of the Financial Assistance Scheme (Provision of Information and Administration of Payments) Regulations 2005(3) (interpretation)—

(a)in the definition of “member” for paragraph (a)(ii) substitute—

“(ii)the scheme’s pension liabilities in respect of that person have not been satisfied in full;”;

(b)after the definition of “scheme manager” insert—

““scheme’s pension liabilities”, in respect of a member of a qualifying pension scheme, means the liabilities of the scheme to, or in respect of, the member in respect of pensions or other benefits (including increases in pensions);”.

(3) The amendments made by this article have effect from 1st April 2010.

(2)

Regulation 15(5) was amended by S.I. 2007/3581 and 2008/1903.