Pensions Bill

House of Commons

Session 2003 - 04
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Pensions Bill

Pensions Bill
Schedule 12 — Repeals and revocations
Part 1 — Repeals

232

(b)

in subsection (4) for the words from “Section 3” to “Act applies”

substitute “Section 10 of the Pensions Act 1995 (“the 1995 Act”) (civil

penalties) applies to any trustee of a pension scheme which or has

been registered under this section, and”.

38

In section 38 (treatment in winding up)—

5

(a)

in subsection (2), for “section 56 of the Pensions Act 1995” substitute

“this section”, and

(b)

after that subsection insert—

“(2A)

This section applies to an occupational pension scheme other

than—

10

(a)

a money purchase scheme, or

(b)

a prescribed scheme or a scheme of a prescribed

description.”

39

In Schedule 1 (application of enactments relating to occupational trust

schemes to certain stakeholder schemes), in paragraph 1(2)(b)—

15

(a)

in sub-paragraph (iii) for “except” to the end substitute “except the

reference to section 25(2) in section 32(4);”,

(b)

for sub-paragraph (v) substitute—

“(v)

section 47 (professional advisers);”, and

(c)

in sub-paragraph (vii) for “section 50” substitute “sections 50 to 50B”.

20

40

In Schedule 5, in paragraph 8(1)(b), for the words from “section 56” to

“related schemes)” substitute “Part 3 of the Pensions Act 2004 (scheme

funding)”.

Schedule 12

Section 243

Repeals and revocations

25

Part 1

Repeals

Short title and chapter

Extent of repeal

Parliamentary Commissioner

In Schedule 1, the entries relating to—

Act 1967 (c. 13)

(a)

the Occupational Pensions Regulatory

30

Authority, and

(b)

the Pensions Compensation Board.

House of Commons

In Schedule 1, in Part 2, the entries relating to—

Disqualification Act 1975

(a)

the Occupational Pensions Regulatory

(c.24)

Authority, and

35

(b)

the Pensions Compensation Board.

Northern Ireland Assembly

In Schedule 1, in Part 2, the entries relating to—

Disqualification Act 1975

(a)

the Occupational Pensions Regulatory

(c.25)

Authority, and

(b)

the Pensions Compensation Board.

40

Pensions Bill
Schedule 12 — Repeals and revocations
Part 1 — Repeals

233

Short title and chapter

Extent of repeal

Tribunals and Inquiries Act

In Schedule 1, in Part 1, paragraph 35(g) and (h).

1992 (c. 53)

Pension Schemes Act 1993

Section 6.

(c. 48)

In section 28—

5

(a)

in subsection (4), paragraphs (a) and (b)

and the word “and” in paragraph (c),

(b)

subsections (4A) and (4B), and

(c)

in subsection (8), the words “which must

not be earlier than the member’s 60th

10

birthday” in the definition of “the

starting date”.

In section 29(1)(aa)(ii), the words from “and is

not” to “75th birthday,”.

Section 99(6).

15

Section 101J(3).

Section 111A(10).

Section 111B.

Section 168A.

In section 175, the word “or” at the end of

20

subsection (1)(b) and subsections (4) to (7).

Pensions Act 1995 (c. 26)

Sections 1 and 2.

In section 4(2), the word “and” at the end of

paragraph (a).

Section 5.

25

In section 7(1), the words “a trustee of such a

scheme ceases to be a trustee”.

Section 7(4).

In section 10(5)(a), the words “as a trustee of a

trust scheme”.

30

Section 11(3).

Section 13.

Sections 16 to 21.

Section 28(4).

In section 29—

35

(a)

subsections (3), (4) and (5)(b), and

(b)

in subsection (6), the words “or

revocation made”.

In section 30—

(a)

in subsection (2), paragraph (b) and the

40

word “or” immediately preceding it, and

(b)

subsections (7) and (8).

Section 30A.

In section 38(2)(b), the word “new”.

Section 48.

45

In section 49, subsection (10)(a) and the word

“and” immediately after it.

Section 49A(4).

In section 51(1), the word “and” at the end of

paragraph (a).

50

In section 54(3), the definition of “appropriate

percentage”.

Sections 56 to 61.

Section 72A(9)(a) and the word “and”

immediately after it.

55

Pensions Bill
Schedule 12 — Repeals and revocations
Part 1 — Repeals

234

Short title and chapter

Extent of repeal

Pensions Act 1995 (c. 26)—cont.

Section 72B(7) and (8)(b).

Section 72C(2).

Section 73(6)(a) and the word “and”

immediately after it.

5

Section 75(9).

Sections 78 to 86.

Section 87(5)(a) and the word “and”

immediately after it.

Section 88(4)(a) and the word “and”

10

immediately after it.

Sections 96 to 114.

In section 117(2)—

(a)

at the end of paragraph (b), the word

“or”, and

15

(b)

paragraph (c).

In section 119, the word “56(3),”.

In section 124(1), the definitions of “member-

nominated director”, “member-nominated

trustee” and “minimum funding

20

requirement”.

Section 134(3).

In section 162(1), the word “and” at the end of

paragraph (a).

In section 163(3), the definition of “appropriate

25

percentage”.

In section 178(2), the words “1, 2, 21(3)”.

Schedules 1 and 2.

In Schedule 4, paragraph 21(14).

Bank of England Act 1998 (c. 11)

In Part 4 of Schedule 5, paragraph 71.

30

Social Security Contributions

In Schedule 1, paragraphs 67 and 68.

(Transfer of Functions, Etc.)

Act 1999 (c. 2)

Welfare Reform and Pensions

Sections 2(5) and (6).

Act 1999 (c. 30)

Sections 4 and 5.

35

Section 50(2).

In Schedule 1—

(a)

paragraph 1(2)(a),

(b)

in paragraph 1(2)(b)(i) “, 13” and “,

11(3)(c)”,

40

(c)

paragraph 1(2)(b)(ix) and (xii), and

(d)

paragraphs 2 and 3.

In Schedule 2, paragraphs 9, 13 to 15.

In Schedule 12, paragraphs 44, 45 to 49 and 60.

Child Support, Pensions and

In section 42(7), the word “and” at the end of

45

Social Security Act 2000

paragraph (c).

(c. 19)

Sections 43 to 46.

In Schedule 5—

(a)

paragraph 3(3) and (4), and

(b)

paragraph 12(2), (3) and (4).

50

In Schedule 9, Part 3(10).

Anti-terrorism, Crime and

In Part 1 of Schedule 4, paragraph 37.

Security Act 2001 (c. 24)

Pensions Bill
Schedule 12 — Repeals and revocations
Part 2 — Revocations

235

Part 2

Revocations

Title and number

Extent of revocation

Pensions (Northern Ireland)

Article 78(4).

Order 1995 (S.I. 1995/3213

5

(N.I. 22)