The Pensions Act 2007 (Actuarial Guidance) (Consequential Provisions) Order 2008

• Citation: S.I. 2008/2301
• Sections: 7

Section 1 Citation and commencement

This Order may be cited as the Pensions Act 2007 (Actuarial Guidance) (Consequential Provisions) Order 2008 and shall come into force on 1st October 2008.

Section 2 Amendment of secondary legislation

The Schedule (which amends certain secondary legislation relating to the preparation of guidance for actuaries) has effect.

Section 1

In the definitions of “the relevant guidance” in—

(a) regulation 1(2) of the Personal Pension Schemes (Disclosure of Information) Regulations 1987 (interpretation);

(b) regulation 1(2) of the Occupational Pension Schemes (Disclosure of Information) Regulations 1996 (interpretation); and

(c) regulation 1(3) of the Stakeholder Pension Schemes Regulations 2000 (interpretation),

omit paragraph (b) and the word “and” immediately preceding it.

Section 2

In regulation 23(a) of the Occupational Pension Schemes (Contracting-out) Regulations 1996 (requirements for meeting the statutory standard), omit “and approved by the Secretary of State”.

Section 3

In regulation 1(5) of the Occupational Pension Schemes (Winding Up) Regulations 1996 (interpretation), for “and approved for the purposes of these Regulations by the Secretary of State, as they apply as respects schemes of the description in question with such revisions as have been so approved” substitute “as they apply to schemes of the description in question with any such revisions”.

Section 4

In regulation 2(5) of the Occupational Pension Schemes (Deficiency on Winding Up etc. ) Regulations 1996 (interpretation), for the words from “and approved for” to the end of the paragraph substitute “, with any such revisions at the applicable time”.

Section 5

In regulation 15 of the Occupational Pension Schemes (Scheme Funding) Regulations 2005 (guidance relating to actuarial advice), omit the words from “and approved for” to the end.