The Pensions (Institute and Faculty of Actuaries and Consultation by Employers – Amendment) Regulations 2012

Statutory Instruments

2012 No. 692

Pensions

The Pensions (Institute and Faculty of Actuaries and Consultation by Employers – Amendment) Regulations 2012

Made

3rd March 2012

Laid before Parliament

8th March 2012

Coming into force

6th April 2012

The Secretary of State for Work and Pensions makes the following Regulations in exercise of the powers conferred by—

• sections 19(4)(c), 73(4)(b), 97(1), 101AF(1), 101D(4)(b), 181(1) and 182(2) and (3) of, and paragraph 5(3C)(c) of Schedule 2 to, the Pension Schemes Act 1993(1),

• section 177(2) of, and paragraph 5(3C)(c) and (4A) of Schedule 1 to, the Pension Schemes (Northern Ireland) Act 1993(2) and now vested in the Secretary of State(3),

• sections 37(3)(a), 47(5)(b), 67C(7)(a)(ii), 75(5), 124(1) and 174(2) and (3) of the Pensions Act 1995(4), and

• sections 23(10), 143(11)(a)(ii)(a), 156(6), 179(2), 259(1) and (2), 260(1), 315(2), (4) and (5) and 318(1) of, and paragraph 22(4)(a) of Schedule 5 to, the Pensions Act 2004(5).

In accordance with section 185(1) of the Pension Schemes Act 1993(6), section 120(1) of the Pensions Act 1995 and section 317(1) of the Pensions Act 2004, the Secretary of State has consulted such persons as the Secretary of State considers appropriate before making these Regulations.

(1)

1993 c.48. Section 101AF was inserted by section 264 of the Pensions Act 2004 (c.35). Section 101D was inserted by section 37 of the Welfare Reform and Pensions Act 1999 (c.30). Paragraph 5(3C) of Schedule 2 is inserted by section 141(2)(b) of the Pensions Act 1995 (c.26), and amended by section 1(1) of, and paragraph 62(1) and (4)(c) of Schedule 1 to, the Social Security Contributions (Transfer of Functions, etc) Act 1999 (c.2). Section 181(1) is cited for the meaning it gives to “prescribed” and “regulations”.

(2)

1993 c.49. Paragraph 5(3C) of Schedule 1 was inserted by Article 138(2)(b) of S.I. 1995/3213 (N.I. 22) and amended by paragraph 77(5)(c) of Schedule 1 to 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 for the meaning it gives to “prescribed” and “regulations”.

(3)

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

(4)

1995 c.26. Section 37(3)(a) was substituted by section 250 of, section 67C was inserted by section 262 of, and section 75(5) was amended by section 271(1) and (3) of, the Pensions Act 2004. Section 124(1) is cited for the meaning it gives to “prescribed” and “regulations”.

(5)

2004 c.35. Section 259 is modified by S.I. 2006/16 for certain cases. Section 318(1) is cited for the meaning it gives to “prescribed” and “regulations”.

(6)

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