The Pensions Act 2014 (Commencement No. 2) Order 2014

• Citation: S.I. 2014/2377
• Sections: 2

Section 1 Citation and interpretation

(1) This Order may be cited as the Pensions Act 2014 (Commencement No. 2) Order 2014.

(2) In this Order, “ the Act ” means the Pensions Act 2014.

Section 2 Commencement of provisions

(1) The day appointed for the coming into force of—

(a) the provisions of the Act specified in—

(i) paragraph (2) is 11th September 2014,

(ii) paragraph (3) is 1st October 2014, and

(b) section 39 of the Act (alternative quality requirements for UK defined benefits schemes) is 12th September 2014.

(2) The provisions specified in this paragraph are—

(a) section 33 (automatic transfer of pension benefits etc ) only in so far as it relates to the provision specified in sub-paragraph (j),

(b) section 37 (automatic re-enrolment: exceptions where automatic enrolment deferred),

(c) section 38 (automatic enrolment: powers to create general exceptions),

(d) section 40 (automatic enrolment: transitional period for hybrid schemes),

(e) section 42 (unpaid scheme contributions),

(f) section 43 (power to restrict charges or impose requirements in relation to schemes),

(g) section 45 (power to require pension levies to be paid in respect of past periods),

(h) section 46 (prohibition and suspension orders: directors of corporate trustees),

(i) section 49 (maximum period between scheme returns to be 5 years for micro schemes),

(j) paragraph 15(1) of Schedule 17 (automatic transfer of pension benefits etc) for the purposes only of paragraph 4(1) of Schedule 18 (power to restrict charges or impose requirements in relation to schemes),

(k) Schedule 18, and

(l) Schedule 19 (prohibition orders: consequential amendments).

(3) The provisions specified in this paragraph are—

(a) section 23 (amendments) only in so far as it relates to the provisions specified in sub-paragraph (c),

(b) section 25 (option to boost old retirement pensions) only in so far as it relates to the provisions specified in sub-paragraph (d),

(c) paragraphs 96 and 97(b) of Schedule 12 (state pension amendments), and

(d) the following paragraphs of Schedule 15 (option to boost old retirement pensions) for the purposes only of making regulations—

(i) paragraph 3,

(ii) paragraph 7, and

(iii) paragraph 17.