Pension Protection Fund and Occupational Pension Schemes (Miscellaneous Amendments) Regulations (Northern Ireland) 2013 come into force

Implementation date: 1 October 2013

The Regulations clarify one of the eligibility conditions for postponement of a payment of compensation due to a person in respect of an occupational pension scheme from the Board of the Pension Protection Fund. They also enable trustees of occupational pension schemes to amend existing scheme rules by way of resolution for the purpose of altering the amount and timing of a reduction in the rate of a pension. The Regulations are consistent with Regulations made in Great Britain. The Regulations can be viewed on the UK legislation website.