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House of Commons

Session 2003 - 04 Internet Publications Other Bills before Parliament

Pensions Bill

Pensions Bill ix
The levy
151    Fraud compensation levy
Chapter 5
Gathering information
152    Information to be provided to the Board
153    Notices requiring provision of information
154    Entry of premises
155    Penalties relating to sections 153 and 154
156    Warrants
Provision of false or misleading information
157    Offence of providing false or misleading information to the Board
Use of information
158    Use of information
Disclosure of information
159    Restricted information
160    Disclosure for facilitating exercise of functions by the Board
161    Disclosure for facilitating exercise of functions by the Regulator
162    Disclosure for facilitating exercise of functions by other supervisory
authorities
163    Other permitted disclosures
164    Disclosure of information by the Inland Revenue
Provision of information to scheme members etc
165    Provision of information to members of schemes etc
Interpretation
166    Sections 152 to 165: interpretation
Chapter 6
Reviews, appeals and maladministration
Review etc by the Board
167    Meaning of “reviewable matters”
168    Review and reconsideration by Board of reviewable matters
169    Investigation by Board of complaints of maladministration
The PPF Ombudsman
170    The Ombudsman for the Board of the Pension Protection Fund
171    Disqualification of PPF Ombudsman from certain offices
172    Annual reports to Secretary of State
Pensions Bill x
References to the PPF Ombudsman
173    Reference of reviewable matter to the PPF Ombudsman
174    Investigation by PPF Ombudsman of complaints of maladministration
175    Determinations of the PPF Ombudsman
176    Obstruction etc of the PPF Ombudsman
Chapter 7
Miscellaneous
Backdating the winding up of eligible schemes
177    Backdating the winding up of eligible schemes
Part 3
Scheme funding
Introductory
178    Pension schemes to which this Part applies
Scheme funding
179    The statutory funding objective
180    Statement of funding principles
181    Actuarial valuations and reports
182    Certification of technical provisions
183    Recovery plan
184    Schedule of contributions
185    Failure to make payments
186    Matters requiring agreement of the employer
187    Matters on which advice of actuary must be obtained
188    Powers of the Regulator
Supplementary provisions
189    Power to modify provisions of this Part
190    Construction as one with the Pensions Act 1995
Part 4
Financial planning for retirement
Retirement planning
191    Promoting and facilitating financial planning for retirement
192    Supply of information for purposes of section 191
193    Use and supply of information: private pensions policy and retirement
planning
194    Combined pension forecasts
Pensions Bill xi
Employee information and advice
195    Information and advice to employees
Part 5
Occupational and personal pension schemes: miscellaneous provisions
Requirements for member-nominated trustees and directors
196    Requirement for member-nominated trustees
197    Requirement for member-nominated directors of corporate trustees
198    Member-nominated trustees and directors: supplementary
Obligations of trustees of occupational pension schemes
199    Investment principles
200    Requirement for knowledge and understanding: individual trustees
201    Requirement for knowledge and understanding: corporate trustees
202    Requirement for knowledge and understanding: supplementary
Pension protection on transfer of employment
203    Conditions for pension protection
204    Form of protection
Safeguarding pension rights
205    Paternity leave and adoption leave
206    Inalienability of occupational pension
Payments by employers
207    Payments made by employers to personal pension schemes
208    Payments made by employers and members to occupational pension schemes
Deficiency in assets of certain occupational pension schemes
209    Debt due from the employer when assets insufficient
Pension disputes
210    Resolution of disputes
Pension compensation
211    Amendments relating to the Pensions Compensation Board
Annual increases in rate of pensions
212    Annual increase in rate of certain occupational pensions
213    Annual increase in rate of certain personal pensions
214    Power to increase pensions giving effect to pension credits etc
Pensions Bill xii
Revaluation
215    Exemption from statutory revaluation requirement
Contracting out
216    Meaning of “working life” in Pension Schemes Act 1993
217    Power to prescribe conditions by reference to Inland Revenue approval
218    Restrictions on commutation and age at which benefits may be received
Stakeholder pensions
219    Meaning of “stakeholder pension scheme”
Part 6
State pensions
Entitlement to more than one pension
220    Persons entitled to more than one Category B retirement pension
Deferral of state pension
221    Deferral of retirement pensions and shared additional pensions
Miscellaneous
222    Disclosure of state pension information
223    Claims for certain benefits following termination of reciprocal agreement
with Australia
Part 7
Miscellaneous and supplementary
Dissolution of existing bodies
224    Dissolution of OPRA
225    Transfer of employees from OPRA to the Regulator
226    Dissolution of the Pensions Compensation Board
Service of notifications etc and electronic working
227    Service of notifications and other documents
228    Notification and documents in electronic form
229    Timing and location of things done electronically
General
230    Overriding requirements
231    Modification of this Act in relation to hybrid or multi-employer schemes
232    Offences by bodies corporate and partnerships
233    Admissibility of statements
234    Protected items
Pensions Bill xiii
235    Liens
236    Crown application
Regulations and orders
237    Breach of regulations
238    Subordinate legislation (general provisions)
239    Parliamentary control of orders and regulations
240    Consultations about regulations
Interpretation
241    General interpretation
Miscellaneous and supplementary
242    Minor and consequential amendments
243    Repeals and revocations
244    Pre-consolidation amendments
245    Commencement
246    Extent
247    Northern Ireland
248    Short title
Schedule 1   —    The Pensions Regulator
Part 1   —    Members of the Regulator
Part 2   —    Staff of the Regulator
Part 3   —    Members of the Determinations Panel
Part 4   —    Proceedings and delegation etc
Part 5   —    Funding and accounts
Part 6   —    Status and liability etc
Schedule 2   —    The reserved regulatory functions
Part 1   —    Functions under the Pension Schemes Act 1993 (c. 48)
Part 2   —    Functions under the Pensions Act 1995 (c. 26)
Part 3   —    Functions under the Welfare Reform and Pensions Act 1999 (c.
30)
Part 4   —    Functions under this Act
Schedule 3   —    Restricted information held by the Regulator: certain
permitted disclosures to facilitate exercise of functions
Schedule 4   —    The Pensions Regulator Tribunal
Part 1   —    The Tribunal
Part 2   —    Constitution of the Tribunal
Part 3   —    Tribunal Procedure
Part 4   —    Status etc
Schedule 5   —    The Board of the Pension Protection Fund
Part 1   —    Members of the Board
Part 2   —    Staff of the Board
Part 3   —    Proceedings and delegation etc
Part 4   —    Accounts
Part 5   —    Status and liability etc
Schedule 6   —    Transfer of property, rights and liabilities to the Board
Pensions Bill xiv
Schedule 7   —    Pension compensation provisions
Schedule 8   —    Restricted information held by the Board: certain permitted
disclosures to facilitate exercise of functions
Schedule 9   —    Use and supply of information: private pensions policy and
retirement planning
Schedule 10   —    Deferral of retirement pensions and shared additional
pensions
Part 1   —    Principal amendments of Social Security Contributions and
Benefits Act 1992
Part 2   —    Consequential amendments
Part 3   —    Transitional provisions
Schedule 11   —    Minor and consequential amendments
Schedule 12   —    Repeals and revocations
Part 1   —    Repeals
Part 2   —    Revocations

© Parliamentary copyright 2004	Revised 12 February 2004