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PART 1
PENSION SCHEME MEMBERSHIP FOR JOBHOLDERS
CHAPTER 1
EMPLOYERS' DUTIES
Jobholders
1. Jobholders
Employers' duties
2. Continuity of scheme membership
3. Automatic enrolment
4. Postponement of automatic enrolment
5. Automatic re-enrolment
6. Timing of automatic re-enrolment
7. Jobholder’s right to opt in
8. Jobholder’s right to opt out
Duty in relation to workers without qualifying earnings
9. Workers without qualifying earnings
Supplementary provision about the duties
10. Information to be given to workers
11. Information to be given to the Pensions Regulator
12. Introduction of employers' duties
Qualifying earnings
13. Qualifying earnings
14. Review of qualifying earnings band
15. Pay reference period
Qualifying schemes and automatic enrolment schemes
16. Qualifying schemes
17. Automatic enrolment schemes
18. Occupational pension schemes
19. Personal pension schemes
Quality requirements
20. Quality requirement: UK money purchase schemes
21. Quality requirement: UK defined benefits schemes
22. Test scheme standard
23. Test scheme
24. Quality requirement: UK hybrid schemes
25. Quality requirement: non-UK occupational pension schemes
26. Quality requirement: UK personal pension schemes
27. Quality requirement: other personal pension schemes
28. Sections 20, 24 and 26: certification that quality requirement is satisfied
Transitional
29. Transitional periods for money purchase and personal pension schemes
30. Transitional period for defined benefits and hybrid schemes
Miscellaneous
31. Effect of freezing order or assessment period
32. Power of trustees to modify by resolution
33. Deduction of contributions
CHAPTER 2
COMPLIANCE
Effect of failure to comply
34. Effect of failure to comply
Compliance notices and unpaid contributions notices
35. Compliance notices
36. Third party compliance notices
37. Unpaid contributions notices
38. Calculation and payment of contributions
39. Meaning of “relevant contributions”
Penalty notices
40. Fixed penalty notices
41. Escalating penalty notices
42. Penalty notices: recovery
Reviews and references
43. Review of notices
44. References to the Pensions Regulator Tribunal
Offences and monitoring
45. Offences of failing to comply
46. Offences by bodies corporate
47. Offences by partnerships and unincorporated associations
48. Offences of providing false or misleading information
49. Monitoring of employers' payments to personal pension schemes
CHAPTER 3
SAFEGUARDS: EMPLOYMENT AND PRE-EMPLOYMENT
Prohibited recruitment conduct
50. Prohibited recruitment conduct
51. Compliance notices
52. Penalty notices
53. Review of notices and references to the Pensions Regulator Tribunal
Inducements
54. Inducements
Protection of employment rights
55. The right not to suffer detriment
56. Enforcement of the right
57. Right of employee not to be unfairly dismissed
58. Restrictions on agreements to limit operation of this Part
CHAPTER 4
SUPPLEMENTARY PROVISION ABOUT COMPLIANCE AND INFORMATION-SHARING
Records and information
59. Requirement to keep records
60. Powers to require information and to enter premises
61. Disclosure of tax information etc.
62. Penalty for disclosure
Objectives of the Regulator
63. Objectives of the Regulator
Functions of the Pensions Ombudsman
64. Functions of the Pensions Ombudsman
CHAPTER 5
PERSONAL ACCOUNTS DELIVERY AUTHORITY
Functions
65. Functions and winding up
66. Principles
67. Directions and guidance
68. Disclosure of information by the Regulator
CHAPTER 6
STAKEHOLDER PENSION SCHEMES
69. Stakeholder pension schemes
CHAPTER 7
APPLICATION AND INTERPRETATION
Workers
70. “Employer”, “worker” and related expressions
71. Agency workers
72. Directors
73. Crown employment
74. Armed forces
75. Police
76. Persons working on vessels
77. Extension of definition of worker
General
78. Interpretation of Part
PART 2
SIMPLIFICATION ETC.
Private pensions
79. Abolition of safeguarded rights
80. Revaluation of accrued benefits etc.
State pensions etc.
81. Consolidation of additional pension
82. Effect of entitlement to guaranteed minimum pension
83. Additional State Pension etc.: minor and consequential amendments
84. State pension credit: extension of assessed income period for those aged 75 or over
85. Contracting-out: abolition of all protected rights
PART 3
PENSION COMPENSATION
PENSION COMPENSATION ON DIVORCE ETC.
86. Scope of mechanism
87. Interpretation
88. Activation of pension compensation sharing
89. Creation of pension compensation debits and credits
90. Cash equivalents
91. Reduction of compensation
92. Time for discharge of liability
93. “Implementation period”
94. Discharge of liability
95. Charges in respect of pension compensation sharing costs
96. Supply of information about pension compensation in relation to divorce etc.
97. Supply of information about pension compensation sharing
98. Pension compensation sharing and attachment on divorce etc.
OTHER PROVISION ABOUT PENSION COMPENSATION
99. Charges in respect of pension sharing etc.
100. Amendments of Schedule 6 to the 2005 Order
101. Consequential amendments
PART 4
ADDITIONAL PENSIONS
102. Additional pension: upper accrual point to replace upper earnings limit from 2009–10
PART 5
MISCELLANEOUS
Miscellaneous provisions relating to pensions
103. Amendments of provisions of the 2005 Order relating to contribution notices or financial support directions
104. Interest on late payment of levies
105. Payments to employers
106. Appointment of trustees
107. Intervention by the Regulator where scheme’s technical provisions improperly determined
108. Delegation of powers by the Regulator
109. Exclusion of transfers out in certain cases
Official pensions
110. Official pensions: adjustment of increases in survivors' pensions
Information relating to state pension credit recipients
111. Disclosure of information relating to state pension credit recipients
PART 6
GENERAL
112. Orders and regulations
113. Orders and regulations: supplementary
114. Further provision etc.
115. Pre-consolidation amendments
116. Repeals
117. Interpretation
118. Commencement
119. Short title
SCHEDULES:
Schedule 1
Revaluation of accrued benefits etc.
Part 1
Revaluation of accrued pension benefits
Part 2
Revaluation of accrued amounts etc.
Part 3
Consequential amendments
Schedule 2
Additional pension consolidation
Schedule 3
Additional State Pension etc.: minor and consequential amendments
Schedule 4
Pension compensation payable on discharge of pension compensation credit
Introductory
Transferee attains pension compensation age before or on transfer day
Transferee attains pension compensation age after transfer day
Part 4
Provisions applicable irrespective of age of transferee on transfer day
Schedule 5
Pension compensation on divorce etc.
Amendments of the Matrimonial Causes (Northern Ireland) Order 1978
Amendments of the Matrimonial and Family Proceedings (Northern Ireland) Order 1989
Amendments of the Civil Partnership Act 2004
Schedule 6
Amendments of Schedule 6 to the 2005 Order
Schedule 7
Additional pension: consequential amendments
Schedule 8
Contribution notices and financial support directions under 2005 Order
Schedule 9
Interest on late payment of levies
Schedule 10
Repeals
Pension scheme membership for jobholders
Safeguarded rights
Contracting-out: abolition of all protected rights
Pension compensation
Part 5
Part 6
Additional pensions
An Act to make provision relating to pensions; and for connected purposes.
[15th December 2008]
BE IT ENACTED by being passed by the Northern Ireland Assembly and assented to by Her Majesty as follows:
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