The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2016

Statutory Instruments

2016 No. 294

Pensions

The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2016

Made

3rd March 2016

Laid before Parliament

7th March 2016

Coming into force

6th April 2016

The Secretary of State for Work and Pensions makes the following Regulations in exercise of the powers conferred by sections 113(1) and (3), 181(1) and 182(2) and (3) of the Pension Schemes Act 1993(1), sections 74(2) and (3)(e), 91(5)(c)(iii), 124(1) and 174(2) and (3) of the Pensions Act 1995(2), sections 122(5), 129(1)(b), (1A)(b) and (3), 130(5)(b), 135(4), 138(9B), 170(2), 315(2), (4) and (5) and 318(1) of, and paragraphs 24(1) and (2), 25(1) and 33 of Schedule 7 to, the Pensions Act 2004(3) and section 83 of the Pension Schemes Act 2015(4).

In accordance with section 185(1) of the Pension Schemes Act 1993(5), section 120(1) of the Pensions Act 1995 and section 317(1) of the Pensions Act 2004, the Secretary of State for Work and Pensions has consulted such persons as he considers appropriate.

(1)

1993 c. 48. Paragraph (ca) of section 113(1) was inserted by section 52(1) of the Child Support, Pensions and Social Security Act 2000 (c. 19). There are amendments to section 181(1) not relevant to these Regulations. Section 181(1) is cited for the meaning it gives to “prescribed” and “regulations”. Section 183(1) was amended by paragraph 79 of Schedule 5 paragraph 15(a) of Schedule 6 and Parts III and IV of Schedule 7 to the Pensions Act 1995 (c. 26) (“the 1995 Act”).

(2)

1995 c. 26. Section 74(2) was amended by section 270(2)(b) of the Pensions Act 2004 (c. 35), and section 74(3)(e) was inserted by section 270(2)(c) of that Act. Section 91(5) was amended by paragraph 57(4)(a) of Schedule 12 to the Welfare Reform and Pensions Act 1999 (c. 30); there are other amendments to section 91(5) but none is relevant. Section 124(1) is cited for the meaning it gives to “prescribed” and “regulations”.

(3)

2004 c. 35. The Pensions Act 2004 is modified in its application to multi-employer schemes by S.I. 2005/441, as amended by S.I.s 2005/993 and 2005/2113; there are other amendments to S.I. 2005/441 but none is relevant. Section 129 is modified for certain cases by regulations 17(3) and 65(1) of S.I. 2005/441 to read as if subsection (1A)(b) were inserted. Section 129(1)(b) is cited in its unmodified form. Sections 135(4)(za) and 138(9B) were inserted by sections 58(3) and 59(10), respectively, of the Pension Schemes Act 2015 (c. 8). Section 318(1) is cited for the meaning it gives to “prescribed” and “regulations”. Paragraphs 24(1) and 25(1) of Schedule 7 were amended by paragraphs 25 and 19(3)(a), respectively, of Schedule 4 to the Pensions Act 2011 (c. 19).

(4)

2015 c. 8.

(5)

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