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Statutory Instruments

2005 No. 825

PENSIONS

The Pension Protection Fund (Pension Compensation Cap) Order 2005

Made

15th March 2005

Coming into force

6th April 2005

Whereas a draft of this instrument was laid before Parliament in accordance with section 316(2)(s) of the Pensions Act 2004( 1 ) and approved by resolution of each House of Parliament;

Now, therefore, the Secretary of State for Work and Pensions, in exercise of the powers conferred upon him by paragraph 26(7) of Schedule 7 to the Pensions Act 2004, and of all other powers enabling him in that behalf, hereby makes the following Order:

Citation and commencement

1. This Order may be cited as the Pension Protection Fund (Pension Compensation Cap) Order 2005 and shall come into force on 6th April 2005.

The compensation cap

2. The amount specified for the purposes of paragraph (a) of the definition of “compensation cap” in paragraph 26(7) of Schedule 7 to the Pensions Act 2004 (pension compensation provisions – compensation cap) shall be £27,777.78.

Signed by authority of the Secretary of State for Work and Pensions.

Malcolm Wicks

Minister of State,

Department for Work and Pensions

15th March 2005

( 1 )

2004 c. 35 .

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Pension Protection Fund (Pension Compensation Cap) Order 2005 (2005/825)

Displaying information

Status of this instrument

footnotecommentarytransitional and savingsin force statusrelated provisionsgeo extentinsert/omitsource countin force adj
Defined TermSection/ArticleIDScope of Application
compensation capart. 2.compensati_rtHFAdd
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The Pension Protection Fund (Pension Compensation Cap) Order 2005 2005 No. 825 rev The Pension Protection Fund (Pension Compensation Cap) Order 2006 2006 No. 347 art 3 Not yet

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