Statutory Instruments
Pensions
Made
31st January 2012
Laid before Parliament
1st February 2012
Coming into force
1st July 2012
The Secretary of State, in exercise of the powers conferred by sections 58(6)(d) and 99 of the Pensions Act 2008(1), makes the following Order.
1.—(1) This Order may be cited as the Compromise Agreements (Automatic Enrolment) (Description of Person) Order 2012 and comes into force on 1st July 2012.
(2) In this Order—
“regulatory arrangements” has the same meaning as in section 21 of the Legal Services Act 2007(2);
“ILEX” means the Institute of Legal Executives.
2. A person authorised by ILEX to practise as a legal executive who is practising subject to the regulatory arrangements of ILEX is specified for the purposes of section 58(5)(c) of the Pensions Act 2008.
Signed by authority of the Secretary of State for Work and Pensions.
Steve Webb
Minister of State,
Department for Work and Pensions
31st January 2012
(This note is not part of the Order)
This Order specifies that, for the purposes of section 58(5)(c) of the Pensions Act 2008 (c.30), a legal executive is a “relevant independent adviser” for the purposes of being able to give advice in relation to compromise agreements under that Act.
A full impact assessment has not been published for this instrument as it has no impact on the private sector and civil society organisations.