Search Legislation

The Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005

Status:

This is the original version (as it was originally made).

  1. Introductory Text

  2. PART 1 PRELIMINARY

    1. 1.Citation, commencement and interpretation

  3. PART 2 SEGREGATED SCHEMES:

    1. SINGLE EMPLOYER SECTIONS

      1. 2.Application and effect

      2. 3.Notification of insolvency events, confirmation of scheme status etc.

      3. 4.Eligible schemes

      4. 5.Board’s duty where application or notification received under section 129

      5. 6.Protected liabilities and assessment periods

      6. 7.Directions and power to validate contraventions of section 135

      7. 8.Valuation of assets

      8. 9.Refusal to assume responsibility for a scheme

      9. 10.Reconsideration and duty to assume responsibility for a scheme following reconsideration

      10. 11.Closed schemes and requirement to wind up schemes with sufficient assets to meet protected liabilities

      11. 12.Transfer notices and assumption of responsibility

      12. 13.The pension compensation provisions

  4. PART 3 SEGREGATED SCHEMES:

    1. MULTI-EMPLOYER SECTIONS WITHOUT REQUIREMENT FOR PARTIAL WIND UP ON WITHDRAWAL OF PARTICIPATING EMPLOYER

      1. 14.Application and effect

      2. 15.Notification of insolvency events, confirmation of scheme status etc.

      3. 16.Eligible schemes

      4. 17.Duty to assume responsibility for schemes

      5. 18.Board’s duty where application or notification received under section 129

      6. 19.Protected liabilities

      7. 20.Assessment periods

      8. 21.Directions

      9. 22.Restrictions on winding up, discharge of liabilities etc and power to validate contraventions of section 135

      10. 23.Valuation of assets

      11. 24.Refusal to assume responsibility for a scheme

      12. 25.Reconsideration, closed schemes and requirement to wind up schemes with sufficient assets to meet protected liabilities

      13. 26.Transfer notices and assumption of responsibility for a scheme

      14. 27.The pension compensation provisions

  5. PART 4 SEGREGATED SCHEMES:

    1. NON-SEGREGATED MULTI-EMPLOYER SECTIONS OF SEGREGATED SCHEMES WITH REQUIREMENT FOR PARTIAL WIND UP ON WITHDRAWAL OF PARTICIPATING EMPLOYER

      1. 28.Application and effect

      2. 29.Notification of insolvency events, confirmation of scheme status etc.

      3. 30.Eligible schemes

      4. 31.Duty to assume responsibility for schemes

      5. 32.Board’s duty where application or notification received under section 129

      6. 33.Protected liabilities

      7. 34.Assessment periods

      8. 35.Directions

      9. 36.Restrictions on winding up, discharge of liabilities etc, and power to validate contraventions of section 135

      10. 37.Board to act as creditor of the employer

      11. 38.Valuation of assets

      12. 39.Refusal to assume responsibility for a scheme

      13. 40.Reconsideration

      14. 41.Closed schemes and requirements to wind up schemes with sufficient assets

      15. 42.Transfer notices and assumption of responsibility for a scheme

      16. 43.Further actuarial valuation of segregated parts

      17. 44.The pension compensation provisions

  6. PART 5 NON-SEGREGATED SCHEMES:

    1. SCHEMES WITH A REQUIREMENT FOR PARTIAL WIND UP ON THE WITHDRAWAL OF A PARTICIPATING EMPLOYER

      1. 45.Application and effect

      2. 46.Notification of insolvency events, confirmation of scheme status etc.

      3. 47.Eligible schemes

      4. 48.Duty to assume responsibility for schemes

      5. 49.Board’s duty where application or notification received under section 129

      6. 50.Protected liabilities and assessment period

      7. 51.Directions

      8. 52.Restrictions on winding up, discharge of liabilities etc and power to validate contraventions of section 135

      9. 53.Board to act as creditor of the employer

      10. 54.Valuation of assets

      11. 55.Refusal to assume responsibility for a scheme

      12. 56.Reconsideration

      13. 57.Closed schemes and requirement to wind up schemes with sufficient assets

      14. 58.Transfer notices and assumption of responsibility for a scheme

      15. 59.Further actuarial valuation of segregated parts

      16. 60.The pension compensation provisions

  7. PART 6 NON-SEGREGATED SCHEMES:

    1. SCHEMES WITHOUT PROVISION FOR PARTIAL WIND UP ON WITHDRAWAL OF A PARTICIPATING EMPLOYER

      1. 61.Application and effect

      2. 62.Notification of insolvency events, confirmation of scheme status, etc.

      3. 63.Eligible schemes

      4. 64.Duty to assume responsibility for schemes

      5. 65.Applications and notifications

      6. 66.Assessment periods

      7. 67.Restrictions on winding up, discharge of liabilities etc and power to validate contraventions of section 135

      8. 68.Valuation of assets

      9. 69.Refusal to assume responsibility

      10. 70.Transfer notices and the pension compensation provisions

  8. PART 7 NON-SEGREGATED SCHEME WITH AN OPTION TO SEGREGATE ON THE WITHDRAWAL OF A PARTICIPATING EMPLOYER

    1. 71.Application and effect

  9. PART 8 SEGREGATED SCHEMES:

    1. MULTI-EMPLOYER SECTIONS OF SEGREGATED SCHEMES WITH AN OPTION TO SEGREGATE ON THE WITHDRAWAL OF A PARTICIPATING EMPLOYER

      1. 72.Application and effect

  10. PART 9 MULTI-EMPLOYER SCHEMES:

    1. THE PENSION PROTECTION LEVIES

      1. 73.Modification of sections 175 to 181 of the Act: segregated schemes

      2. 74.Modification of sections 175 to 181 of the Act: non-segregated schemes

      3. 75.Modification of sections 175 to 181 of the Act: multi-employer sections of segregated schemes

  11. PART 10 FINANCIAL ASSISTANCE SCHEME FOR MEMBERS OF CERTAIN PENSION SCHEMES

    1. 76.Modification of section 286 of the Act

  12. Signature

  13. Explanatory Note

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Memorandum

Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources