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Pensions Act

Volume 449: debated on Tuesday 25 July 2006

To ask the Secretary of State for Work and Pensions how many (a) sets of regulations and (b) codes of practice under the Pensions Act 2004 due to take effect from 6th April 2006 have not yet been published in final form. (48096)

The information is as follows:

(a) 16 sets of regulations implementing the Pensions Act 2004 and due to take effect from April 2006 have been made and laid on behalf of the Secretary of State for Work and Pensions.

These are listed as follows:

Regulations that came into force on 28 March 2006:

The Occupational Pension Schemes (Cross-Border) Regulations 2006 (amendment).

Regulations that came into force on 1 April 2006:

The Occupational Pension Schemes (Pension Protection Levy and Miscellaneous Amendments) Regulations 2006

The Occupational Pension Schemes (Fraud Compensation Levy) Regulations 2006

The Occupational Pension Schemes (Levies) (Amendment) Regulations 2006

The Pension Protection Fund (Valuation of the Pension Protection Fund) Regulations 2006.

Regulations that came into force on 6 April 2006:

The Pension Protection Fund (Administration of Compensation) Regulations 2006

The Pension Protection Fund (Compensation) (Amendment) Regulations 2006

The Pension Protection Fund (Entry Rules) (Amendments) Regulations 2006

The Pension Protection Fund (Assumption of Responsibility, Discharge of Liabilities and Equal Treatment) Regulations 2006

The Pension Protection Fund (Reviewable Matters) and (Review and Reconsideration of Reviewable Matters) (Amendment) Regulations 2006

The Pension Protection Fund (Provision of Information) (Amendment) Regulations 2006

The Occupational Pension Schemes (Member Nominated Trustees and Directors) Regulations 2006

The Occupational Pension Schemes (Modification of Subsisting Rights) Regulations 2006

The Occupational Pension Schemes (Trustees' Knowledge and Understanding) Regulations 2006

The Occupational and Personal Pensions (Miscellaneous Amendments) Regulations 2006

The Occupational Pension Schemes (Payments to Employer) Regulations 2006.

The draft Occupational Pension Schemes (Disclosure of Information) Regulations, which were published for consultation in September 2005, have not yet been laid.

In the light of comments received during consultation on the draft Occupational Pension Schemes (Exemption) Regulations 2006, we have decided not to proceed with those regulations.

Regulations on the subject of contracting out have been taken forward in a HM Revenue and Customs Order.

(b) The following codes of practice, issued by the Pensions Regulator in respect of the Pensions Act 2004, are in force from 30 May 2006:

Late Payments (Money Purchase)

Late Payments (Personal Pension)

Trustees Knowledge and Understanding

Reasonable Periods in Disclosure

Early Leavers

Member Nominated Trustees/Member Nominated Directors was laid in its final form on 13 July 2006.

The following codes of practice are currently being developed:

Modification of Past Rights

Internal Controls.