The Pensions (Northern Ireland) Order 1995 — Northern Ireland law | Esheria

The Pensions (Northern Ireland) Order 1995

This part lets the Authority control who can act as trustee of a trust scheme, including prohibiting, suspending, revoking, or replacing trustees, and it also sets related investment, reporting, offence, and penalty rules.

Jurisdiction
Northern Ireland
Instrument
Order
Version
Undated source snapshot
Language
en
Official source
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climate-related governance disclosure dispute resolution equal treatment financial provision orders information and fees investment governance levies occupational pension schemes ombudsman powers pension age rules pension scheme administration pension scheme amendments pension scheme payments pension scheme winding up record keeping regulatory regulations reporting scheme governance scheme investments scheme modifications scheme winding up statutory instrument amendments trust scheme administration +3 more

Statute overview

About this statute

This part lets the Authority control who can act as trustee of a trust scheme, including prohibiting, suspending, revoking, or replacing trustees, and it also sets related investment, reporting, offence, and penalty rules. The provision lets regulations set payment conditions and limits, requires trustees and managers of occupational pension schemes to follow investment, record-keeping, disclosure, climate-governance, and dispute-resolution requirements, and sets penalties for certain breaches. This provision sets rules for occupational pension schemes, including equal-treatment protections, scheme modifications, reporting during winding-up, and powers of the Authority. During winding up, trustees or managers must reduce pensions and other benefits as needed, stop new accruals and new members, and manage certain adjustments and asset powers. This Part defines pension-related terms and gives powers and duties for regulations, trustees or managers, and the Pensions Ombudsman.

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