Statutory Instruments
2005 No. 1440
PENSIONS
The Pension Protection Fund (Pension Protection Levies Consultation) Regulations 2005
Made
27th May 2005
Laid before Parliament
27th May 2005
Coming into force
20th June 2005
The Secretary of State for Work and Pensions, in exercise of the powers conferred upon him by sections 176, 315(2) and (4) and 318(1) of the Pensions Act 2004( 1 ), and of all other powers enabling him in that behalf, by this instrument, which contains regulations made before the end of the period of six months beginning with the coming into force of the provisions of that Act by virtue of which they are made( 2 ), makes the following Regulations:
Citation, commencement and interpretation
1. —(1) These Regulations may be cited as the Pension Protection Fund (Pension Protection Levies Consultation) Regulations 2005 and shall come into force on 20th June 2005.
(2) In these Regulations—
“the Act” means the Pensions Act 2004.
Manner of consultation
2. The prescribed manner for the consultation required under section 176(1) of the Act (supplementary provisions about pension protection levies) is that—
(a) the Board shall set out in a consultation document the methods it proposes to use in order to determine the matters specified in section 175(5) of the Act (pension protection levies); and
(b) the Board shall publish the consultation document—
(i) on the Pension Protection Fund website( 3 ); and
(ii) where any person so requests, in a paper format provided by the Board to that person;
(c) the Board shall publish a summary of non-confidential responses received in relation to that consultation, and its response to those responses—
(i) on the Pension Protection Fund website; and
(ii) where any person so requests, in a paper format provided by the Board to that person.
Manner of publication of details of determination
3. The Board shall publish details of any determination it makes under section 175(5) of the Act—
(a) on the Pension Protection Fund website; and
(b) where any person so requests, in a paper format provided by the Board to that person.
Signed by authority of the Secretary of State for Work and Pensions.
Philip A. Hunt
Parliamentary Under-Secretary of State,
Department for Work and Pensions
27th May 2005
2004 c. 35 . Section 318(1) is cited because of the meaning there given to “prescribed” and “regulations”.
See section 317(1) of the Pensions Act 2004 which provides that the Secretary of State must consult such persons as he considers appropriate before making regulations by virtue of that Act (other than Part 8). This duty does not apply where regulations are made before the end of six months beginning with the coming into force of the provisions of that Act by virtue of which the regulations are made.
The Pension Protection Fund website is situated at www.pensionprotectionfund.org.uk .