Statutory Instruments
2011 No. 1801
Pensions
The Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) (Amendment) Regulations 2011
Made
20th July 2011
Laid before Parliament
21st July 2011
Coming into force
11th August 2011
The Secretary of State for Work and Pensions, in exercise of the powers conferred by sections 94(1)(b), 124(1) and 174(3) of the Pensions Act 1995(1), makes the following Regulations.
The Secretary of State has consulted such persons as the Secretary of State considers appropriate in accordance with section 120(1) of that Act(2).
1995 c.26. Section 124(1) is cited for the meaning it gives to “prescribed” and “regulations”.
Regulation 2 of these Regulations inserts a new paragraph 7(a) and (b) into regulation 8 of the Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations 1997 (S.I. 1997/785). The provision made by the new paragraph 7(b) is consequential upon section 66 of, and Schedule 17 to, the Finance Act 2011(c.11) and is made within six months of the date on which those provisions come into force. The requirement to consult in section 120(1) of the Pensions Act 1995 does not therefore apply to the provision made by new paragraph (7)(b) of regulation 8 of S.I. 1997/785 by virtue of section 120(2)(d) of that Act. The Secretary of State nevertheless chose to consult on those provisions when he consulted on the remaining provisions in the Regulations.