Pensions Act 1995 (c. 26)

Part III U.K. Certification of pension schemes and effects on members’ state scheme rights and duties

Miscellaneous U.K.

147 Monitoring personal pension schemes. E+W+S

After section 33 of the M1 Pension Schemes Act 1993 there is inserted—

“33A Appropriate schemes: “Blowing the whistle”.

(1) If any person acting as an auditor or actuary of an appropriate scheme has reasonable cause to believe that—

(a) any requirement which, in the case of the scheme, is required by section 9(5)(a) to be satisfied is not satisfied, and

(b) the failure to satisfy the requirement is likely to be of material significance in the exercise by the Secretary of State of any of his functions relating to appropriate schemes,

that person must immediately give a written report of the matter to the Secretary of State.

(2) No duty to which a person acting as auditor or actuary of an appropriate scheme is subject shall be regarded as contravened merely because of any information or opinion contained in a written report under this section.”

Commencement Information

I1 S. 147 in force at 6.4.1997 in so far as not already in force by S.I. 1997/664, art. 2(3), Sch. Pt. 3

Marginal Citations

M1 1993 c. 48.

F1 148 Earner employed in more than one employment. E+W+S

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Textual Amendments

F1 S. 148 repealed (6.4.2016) by Pensions Act 2014 (c. 19), s. 56(4), Sch. 13 para. 65

F2 149 Hybrid occupational pension schemes. E+W+S

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Textual Amendments

F2 S. 149 omitted (6.4.2012) by virtue of The Pensions Act 2008 (Abolition of Protected Rights) (Consequential Amendments) (No.2) Order 2011 (S.I. 2011/1730), arts. 1(2)(b), 6(3)

F3 150 Dissolution of Occupational Pensions Board. U.K.

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Textual Amendments

F3 S. 150 repealed (22.7.2004) by Statute Law (Repeals) Act 2004 (c. 14), Sch. 1 Pt. 5 Group 12