The Financial Guidance and Claims Act 2018 (Naming and Consequential Amendments) Regulations 2019

• Citation: S.I. 2019/383
• Sections: 31

Section 1 Citation, commencement and interpretation

(1) These Regulations may be cited as the Financial Guidance and Claims Act 2018 (Naming and Consequential Amendments) Regulations 2019 and come into force on 6th April 2019.

(2) In these Regulations “the 2018 Act” means the Financial Guidance and Claims Act 2018.

Section 2 Naming of the single financial guidance body

The single financial guidance body, established under section 1(1) of the 2018 Act, is named the Money and Pensions Service.

Section 3 Consequential amendments

The amendments set out in the Schedule have effect.

Section 1 Amendment of the Public Records Act 1958

In Schedule 1 to the Public Records Act 1958 (definition of public records), in Part 2 of the Table at the end of paragraph 3—

(a) omit “The single financial guidance body.”;

(b) at the appropriate place insert “Money and Pensions Service.”.

Section 2 Amendment of the Parliamentary Commissioner Act 1967

In Schedule 2 to the Parliamentary Commissioner Act 1967 (departments etc subject to investigation)—

(a) omit “The single financial guidance body.”;

(b) at the appropriate place insert “Money and Pensions Service.”.

Section 3 Amendment of the House of Commons Disqualification Act 1975

In Part 2 of Schedule 1 to the House of Commons Disqualification Act 1975 (bodies of which all members are disqualified)—

(a) omit “The single financial guidance body.”;

(b) at the appropriate place insert “The Money and Pensions Service.”.

Section 4 Amendment of the Northern Ireland Assembly Disqualification Act 1975

In Part 2 of Schedule 1 to the Northern Ireland Assembly Disqualification Act 1975 (bodies of which all members are disqualified)—

(a) omit “The single financial guidance body.”;

(b) at the appropriate place insert “The Money and Pensions Service.”.

Section 5 Amendment of the Pension Schemes Act 1993

In section 175(1)(e) of the Pension Schemes Act 1993 (power to make regulations imposing levies to meet certain expenditure) for “single financial guidance body’s” substitute “Money and Pensions Service’s”.

Section 6 Amendment of the Pension Schemes (Northern Ireland) Act 1993

In section 170(1)(e) of the Pension Schemes (Northern Ireland) Act 1993 (power to make regulations imposing levies to meet certain expenditure) for “single financial guidance body’s” substitute “Money and Pensions Service’s”.

Section 7 Amendment of the Financial Services and Markets Act 2000

In the Financial Services and Markets Act 2000 —

(a) in section 3R(4)(a) (arrangements for provision of services) for “single financial guidance body” substitute “Money and Pensions Service”;

(b) in section 137FC (FCA rules: disclosure of information about the availability of financial guidance)—

(i) in subsection (3)(c) for “single financial guidance body” substitute “Money and Pensions Service”,

(ii) in subsection (4) for “single financial guidance body’s” substitute “Money and Pensions Service’s”;

(c) in section 137SA (rules to recover expenses relating to the single financial guidance body) in the heading, and in subsection (1)(a) and (b) for “single financial guidance body” substitute “Money and Pensions Service”;

(d) in Schedule 1ZA (the Financial Conduct Authority) in paragraph 8(3A) for “single financial guidance body” substitute “Money and Pensions Service”.

Section 8 Amendment of the Freedom of Information Act 2000

In Part 6 of Schedule 1 to the Freedom of Information Act 2000 (public authorities: general)—

(a) omit “The single financial guidance body.”;

(b) at the appropriate place insert “The Money and Pensions Service.”.

Section 9 Amendment of the Equality Act 2010

In Part 1 of Schedule 19 to the Equality Act 2010 (public authorities: general), under the heading “Industry, business, finance etc”—

(a) omit “The single financial guidance body.”;

(b) at the appropriate place insert “The Money and Pensions Service.”.

Section 10 Amendment of the Financial Services Act 2012

In section 85(4A) of the Financial Services Act 2012 (relevant functions in relation to complaints scheme) for “single financial guidance body” substitute “Money and Pensions Service”.

Section 11 Amendment of the Financial Guidance and Claims Act 2018

In section 18(4) of the 2018 Act (personal pension schemes: requirements to refer members to guidance etc), in the inserted subsection (2A)(b) of section 137FB of the Financial Services and Markets Act 2000 , for “single financial guidance body” substitute “Money and Pensions Service”.

Section 12 Amendment of the Housing (Right to Buy) (Prescribed Forms) Regulations 1986

In the form set out in Schedule 1 to the Housing (Right to Buy) (Prescribed Forms) Regulations 1986 for “Money Advice Service: 0300 500 5000; www.moneyadviceservice.org.uk ” substitute “Money and Pensions Service: 0115 965 9570; www.moneyandpensionsservice.org.uk ”.

Section 13 Amendment of the Personal and Occupational Pension Schemes (Pensions Ombudsman) (Procedure) Rules 1995

In rule 2(2) of the Personal and Occupational Pension Schemes (Pensions Ombudsman) (Procedure) Rules 1995 (provision of details of complaint made or dispute referred) omit sub-paragraph (d).

Section 14 Amendment of the Personal and Occupational Pension Schemes (Pensions Ombudsman) (Procedure) Rules (Northern Ireland) 1995

In rule 2(2) of the Personal and Occupational Pension Schemes (Pensions Ombudsman) (Procedure) Rules (Northern Ireland) 1995 (provision of details of complaint made or dispute referred) omit sub-paragraph (d).

Section 15 Amendment of the Occupational Pension Schemes (Transfer Values) Regulations 1996

In paragraph 3(a) of Schedule 1 to the Occupational Pension Schemes (Transfer Values) Regulations 1996 (information to be made available to members) for “Pensions Advisory Service” substitute “Money and Pensions Service”.

Section 16 Amendment of the Occupational Pension Schemes (Transfer Values) Regulations (Northern Ireland) 1996

In paragraph 3(a) of Schedule 1 to the Occupational Pension Schemes (Transfer Values) Regulations (Northern Ireland) 1996 (information to be made available to members) for “Pensions Advisory Service” substitute “Money and Pensions Service”.

Section 17 Amendment of the Government Resources and Accounts Act 2000 (Audit of Non-profit-making Companies) Order 2009

In the Schedule (list of companies) to the Government Resources and Accounts Act 2000 (Audit of Non-profit-making Companies) Order 2009 —

(a) omit the entry for “The Pensions Advisory Service”;

(b) at the appropriate place insert the entry set out in the following table—

Section 18 Amendment of the Occupational Pension Schemes (Internal Dispute Resolution Procedures Consequential and Miscellaneous Amendments) Regulations 2008

In regulation 2(1) of the Occupational Pension Schemes (Internal Dispute Resolution Procedures Consequential and Miscellaneous Amendments) Regulations 2008 (information requirements)—

(a) in sub-paragraph (a) for “TPAS (the Pensions Advisory Service)” substitute “the Money and Pensions Service”;

(b) in sub-paragraph (b) for “TPAS” substitute “the Money and Pensions Service”.

Section 19 Amendment of the Occupational Pension Schemes (Internal Dispute Resolution Procedures) (Consequential and Miscellaneous Amendments) Regulations (Northern Ireland) 2008

In regulation 2(1) of the Occupational Pension Schemes (Internal Dispute Resolution Procedures) (Consequential and Miscellaneous Amendments) Regulations (Northern Ireland) 2008 (information requirements)—

(a) in sub-paragraph (a) for “TPAS (the Pensions Advisory Service)” substitute “the Money and Pensions Service”;

(b) in sub-paragraph (b) for “TPAS” substitute “the Money and Pensions Service”.

Section 20 Amendment of the Local Government (Discretionary Payments) (Injury Allowances) Regulations 2011

In regulation 12(3) of the Local Government (Discretionary Payments) (Injury Allowances) Regulations 2011 (notice of decision on reconsideration)—

(a) in sub-paragraph (d) for “Pensions Advisory Service” substitute “Money and Pensions Service”;

(b) in sub-paragraph (f) for “Pensions Advisory service” substitute “Money and Pensions Service”.

Section 21 Amendment of the Local Government Pension Scheme Regulations 2013

In the Local Government Pension Scheme Regulations 2013 in—

(a) regulation 75(3)(e) (decisions of the adjudicator), and

(b) regulation 77(3)(d) and (f) (decisions of the administering authority on reconsideration),

for “Pensions Advisory Service” substitute “Money and Pensions Service”.

Section 22 Amendment of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013

In the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 , in Schedule 2 (basic information) in—

(a) paragraph 10(a), and

(b) paragraph 24(a),

for “Pensions Advisory Service” substitute “Money and Pensions Service”.

Section 23 Amendment of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014

In the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014 in Schedule 2 (basic information) in—

(a) paragraph 10(a), and

(b) paragraph 24(a),

for “Pensions Advisory Service” substitute “Money and Pensions Service”.

Section 24 Amendment of the Local Government Pension Scheme Regulations (Northern Ireland) 2014

In the Local Government Pension Scheme Regulations (Northern Ireland) 2014 —

(a) in regulation 85(3)(e) (notice of decisions by the appointed person under regulation 84) for “Pensions Advisory Service” substitute “Money and Pensions Service”;

(b) in regulation 87(3)(e) (notice of decisions by the Committee under regulation 86), for “Pension Advisory Service” in each place it occurs, substitute “Money and Pensions Service”.

Section 25 Amendment of the Company, Limited Liability Partnership and Business (Names and Trading Disclosures) Regulations 2015

In the table in Schedule 4 (specified “public authorities” and list of Government Departments and other bodies whose views must be sought) to the Company, Limited Liability Partnership and Business (Names and Trading Disclosures) Regulations 2015 at the appropriate place insert the entry set out in the following table—

Section 26 Amendment of the National Assembly for Wales (Disqualification) Order 2015

In the table in the Schedule (offices disqualifying holders from membership of the National Assembly of Wales) to the National Assembly for Wales (Disqualification) Order 2015 —

(a) omit the entry for “Pensions Advisory Service”;

(b) at the appropriate place insert the entry set out in the following table—

Section 27 Amendment of the Payment Accounts Regulations 2015

In the Payment Accounts Regulations 2015 —

(a) in regulation 2(1) (interpretation)—

(i) omit the definition of “Money Advice Service”,

(ii) at the appropriate place insert—

“Money and Pensions Service” means the body established under section 1 of the Financial Guidance and Claims Act 2018;

(b) in regulation 12 (the comparisons website) for “Money Advice Service” in both places it occurs, substitute “Money and Pensions Service”;

(c) in regulation 27(1) (general information on payment accounts with basic features) for “Money Advice Service” substitute “Money and Pensions Service”;

(d) in regulation 43(1)(b) (evaluation) for “Money Advice Service” substitute “Money and Pensions Service”.

Section 28 Amendment of the Local Government Pension Scheme (Scotland) Regulations 2018

In the Local Government Pension Scheme (Scotland) Regulations 2018 in—

(a) regulation 70(3)(e) (notice of decisions on disagreements), and

(b) regulation 72(3)(e) (notice of decisions on reconsideration of disagreement),

for “Pensions Advisory Service” in each place it occurs, substitute “Money and Pensions Service”.