The Pensions Dashboards (No. 2) Regulations (Northern Ireland) 2023

Part 2 of the Regulations prescribes the requirements to be met by pensions dashboard services, or by the providers of such services, in order for those services to be classified as qualifying pensions dashboard services within the meaning of Article 215A(2) of the Pensions (Northern Ireland) Order 2005. The requirements include references to standards published from time to time by the Money and Pensions Service and by the Department for Communities.

Part 3 of the Regulations imposes requirements on trustees or managers of relevant occupational pension schemes. The requirements cover cooperation (which is necessary for the overall system of pensions dashboard services to work) and connection to the Money and Pensions Service (Chapter 1), and (once schemes have connected) the provision of information to qualifying pensions dashboard services or to the pensions dashboard service provided by the Money and Pensions Service (Chapter 2). The requirements in Part 3 include references to standards published from time to time by the Money and Pensions Service, and to guidance issued from time to time by the Department for Communities, the Money and Pensions Service and the Pensions Regulator either separately or by at least 2 of them jointly.

Within Part 3 of the Regulations, regulation 26 introduces Schedule 2. Part 1 of Schedule 2 makes provision for value data requirements to be met by trustees or managers or relevant occupational pension schemes, and Part 2 makes provision regarding exemptions from certain value data requirements.

Part 4 of the Regulations makes provision for compliance notices, third party compliance notices and penalty notices to be given where this is necessary to ensure that the rules in Part 3 are complied with.

Part 5 of the Regulations makes provision to enable the Money and Pensions Service to share information with the Pensions Regulator in connection with the functions of the Money and Pensions Service or of the Pensions Regulator under the Regulations, so that the Regulations can work effectively.

Part 6 of the Regulations revokes the Dashboards Regulations and the Amendment Regulations.

As these Regulations make in relation to Northern Ireland only provision corresponding to provision contained in regulations made by the Secretary of State for Work and Pensions in relation to Great Britain, the requirement to consult under Article 289(1) of the Pensions (Northern Ireland) Order 2005 does not apply by virtue of paragraph (2)(e) of that Article.

An assessment of the cost to business of these Regulations is detailed in a Regulatory Impact Assessment which accompanied the Amendment Regulations, a copy of which was laid in the Business Office and the Library of the Northern Ireland Assembly. Copies of the Assessment are available from the Department for Communities, Social Security Policy, Legislation and Decision Making Services, Level 8, Causeway Exchange, 1-7 Bedford Street, Belfast BT2 7EG or from the website:https://www.communities-ni.gov.uk/articles/pension-information. A copy of the Assessment is also annexed to the Explanatory Memorandum which is available alongside this Statutory Rule on the website:http://www.legislation.gov.uk/nisr.

Footnotes

[^f00001]: See section 1(7) of the Departments Act (Northern Ireland) 2016 (c. 5 (N.I.))

[^f00002]: S.I. 2005/255 (N.I. 1); Articles 215A and 215B were inserted by paragraph 2 of Schedule 9 to the Pension Schemes Act 2021 (c. 1); Articles 215D, 215E and 215G were inserted by paragraph 3 of that Schedule; see also Article 288(3)(ja) to (jc) as inserted by paragraph 5 of that Schedule

[^f00003]: See Article 215A(1) of the Pensions (Northern Ireland) Order 2005 for the meaning of “pensions dashboard service”

[^f00004]: 2018 c. 10; section 4A was inserted by section 122 of the Pension Schemes Act 2021 and relates to the pensions dashboard service provided by the Money and Pensions Service (see regulation 2 of S.I. 2019/383 which named the “single financial guidance body” established by section 1(1) of the Financial Guidance and Claims Act 2018 the “Money and Pensions Service”)

[^f00005]: See Article 215F(3) of the Pensions (Northern Ireland) Order 2005 (as inserted by paragraph 3 of Schedule 9 to the Pension Schemes Act 2021) for the definition of “relevant occupational pension scheme”

[^f00006]: S.I. 2016/326; regulation 3 was substituted by regulation 5 of S.I. 2019/906

[^f00007]: See Article 215A(2) of the Pensions (Northern Ireland) Order 2005 for the definition of “qualifying pensions dashboard service”

[^f00008]: S.I. 2022/1220

[^f00009]: Part 4A was substituted for Part 4 by section 11(2) of the Financial Services Act 2012 (c. 21)

[^f00010]: S.I. 2001/544; Article 53(1) was amended by Article 9(1) of S.I. 2003/1476, Article 2(6)(a) of S.I. 2016/392, Article 4(4) of S.I. 2017/488 and Article 2(2) and (3) of S.I. 2017/500

[^f00011]: Article 53E was inserted by Article 2(2) of S.I. 2015/731

[^f00012]: Section 137FAA was inserted by section 121(2) of the Pension Schemes Act 2021

[^f00013]: Section 38(7) was amended by Article 274(4) of the Pensions (Northern Ireland) Order 2005 and paragraph 34(2) of Schedule 12 to the Pensions Act (Northern Ireland) 2015 (c. 5 (N.I.))

[^f00014]: Regulation 29A was inserted by regulation 3(6) of S.R. 2018 No. 53 and paragraph (2A) was inserted by regulation 5(4)(b) of S.R. 2018 No. 165

[^f00015]: Paragraph 30(1) was renumbered by regulation 5(b)(i) of S.R. 2021 No. 272 and head (f) was added by regulation 5(5)(c) of S.R. 2018 No. 165

[^f00016]: 1971 c. 80

[^f00017]: 2015 c. 8

[^f00018]: Article 10(8A) was inserted by paragraph 9 of Schedule 2 to the Welfare Reform and Pensions (Northern Ireland) Order 1999 (S.I. 1999/3147 (N.I. 11))

[^f00019]: S.I. 2008/2698

[^f00020]: S.I. 2009/1976

[^f00021]: See Articles 79 and 81 of the Pensions (Northern Ireland) Order 2005

[^f00022]: 2018 c. 12

[^f00023]: S.R. 2023 No. 91

[^f00024]: S.R. 2023 No. 113

[^f00025]: S.I. 2005/255 (N.I. 1)

[^f00026]: S.R. 2014 No. 79

[^f00027]: S.R. 2005 No. 91

[^f00028]: 2021 c. 1

[^f00029]: Part 1A (sections 1A to 3S) was substituted for Part 1 by section 6(1) of the Financial Services Act 2012

[^f00030]: 2000 c. 8

[^f00031]: 2010 c. 25; paragraph 12 was amended by paragraph 1(2) of Schedule 11 to the Public Service Pensions Act 2013 (c. 25)

[^f00032]: 1998 c. 47; section 48 was amended by section 7(2) of the Northern Ireland (Monitoring Commission etc.) Act 2003 (c. 25), section 2 of the Northern Ireland Assembly Members Act 2010 (c. 16) and Article 5(g) of S.I. 2011/978

[^f00033]: The definition of “pensioner member” was amended by paragraph 5(3) of Schedule 5 to the Child Support, Pensions and Social Security Act (Northern Ireland) 2000 (c. 4 (N.I.)) and Article 11(7) of S.I. 2006/745

[^f00034]: 2018 c. 12

[^f00035]: The definition of “public service pension scheme” was inserted by paragraph 2(3) of Schedule 4 to the Public Service Pensions Act (Northern Ireland) 2014 (c. 2 (N.I.))

[^f00036]: S.R. 2005 No. 93; regulation 2 was amended by regulation 5(3) of S.R. 2006 No. 65 and regulation 17(3) of S.I. 2019/193

[^f00037]: For example, see S.R. 2023 No. 193

[^f00038]: 2022 c. 7

[^f00039]: 2015 c. 8

[^f00040]: Paragraph 6 was amended by regulation 73(8)(a) of S.R. 2014 No. 204

Editorial notes

[^key-b4e13ea02a4df8b5301100745446cc6d]: Reg. 1 in operation at 8.12.2023, see reg. 1

[^key-2ef80e1f9b14b07a14344455639e8332]: Reg. 2 in operation at 8.12.2023, see reg. 1

[^key-d4593f357504f9ab25a722e34695744d]: Reg. 3 in operation at 8.12.2023, see reg. 1

[^key-10ebeca4d729e15b10b58d7438e09483]: Reg. 4 in operation at 8.12.2023, see reg. 1

[^key-3eb2695ea033d9b0f21dfeb3bf522d9e]: Reg. 5 in operation at 8.12.2023, see reg. 1

[^key-8fd28ceeb500c947658211b0fd1bcf03]: Reg. 6 in operation at 8.12.2023, see reg. 1

[^key-8d81777f5a64c044114a98e38f093104]: Reg. 7 in operation at 8.12.2023, see reg. 1

[^key-fdde558080096328b30355d7e883a752]: Reg. 8 in operation at 8.12.2023, see reg. 1

[^key-a2ab9d2165627c545f657dcd22e968f6]: Reg. 9 in operation at 8.12.2023, see reg. 1

[^key-cc41d162c4a7cf02fec12f6600ba8392]: Reg. 10 in operation at 8.12.2023, see reg. 1

[^key-ba10d8958b477fd3543c8139732a50b9]: Reg. 11 in operation at 8.12.2023, see reg. 1

[^key-fc8f64b38f7605b93e80509e3eacd6cd]: Reg. 12 in operation at 8.12.2023, see reg. 1

[^key-2cfc0711e7b4038cdb3eb9ddec11fcbf]: Reg. 13 in operation at 8.12.2023, see reg. 1

[^key-2b03c6101fc90965d098469f787df8e7]: Reg. 14 in operation at 8.12.2023, see reg. 1

[^key-8ed6371191e31c0038b529d91e11b1c9]: Reg. 15 in operation at 8.12.2023, see reg. 1

[^key-8b7633dd99b85eb15a7a788d99fe66ad]: Reg. 16 in operation at 8.12.2023, see reg. 1

[^key-c4d236d406f1a3c014d558c501c5e28e]: Reg. 17 in operation at 8.12.2023, see reg. 1

[^key-0aa62ad71f532abbf0062cc85e8f62d0]: Reg. 18 in operation at 8.12.2023, see reg. 1

[^key-62efa520839dfb56003807cf66ad769a]: Reg. 19 in operation at 8.12.2023, see reg. 1

[^key-73bca8361ecead9d1ed9e228de2ffaea]: Reg. 20 in operation at 8.12.2023, see reg. 1

[^key-656b2fa9b2b27b72e7f950a3622918c9]: Reg. 21 in operation at 8.12.2023, see reg. 1

[^key-189a2d5322a1815584eaba242e4ed99b]: Reg. 22 in operation at 8.12.2023, see reg. 1

[^key-0b47ca5384d26c48fbe469292572c2fb]: Reg. 23 in operation at 8.12.2023, see reg. 1

[^key-15c779d90bd8b4b07a6e0cc659678695]: Reg. 24 in operation at 8.12.2023, see reg. 1

[^key-eec5aaf7d65ceb01b2eae4a819f455e4]: Reg. 25 in operation at 8.12.2023, see reg. 1

[^key-efa3f5944147772d42d4f0d83f655e3e]: Reg. 26 in operation at 8.12.2023, see reg. 1

[^key-8ebf82677745e03f48043af08a016597]: Reg. 27 in operation at 8.12.2023, see reg. 1

[^key-2d609a2c8457b4fccdd1612921e864e8]: Reg. 28 in operation at 8.12.2023, see reg. 1

[^key-0e3a43e3d46788622a8a73d65bd2fd73]: Reg. 29 in operation at 8.12.2023, see reg. 1

[^key-0306b47a32d6301c1d9d7fb1c78a31dd]: Reg. 30 in operation at 8.12.2023, see reg. 1

[^key-e2215bb2da952a8351ea7e17be7e9c01]: Reg. 31 in operation at 8.12.2023, see reg. 1

[^key-ad104fe9adb672fbec464a15edc00ca9]: Reg. 32 in operation at 8.12.2023, see reg. 1

[^key-d2fc1400ea74e096aed8965fce695d27]: Reg. 33 in operation at 8.12.2023, see reg. 1

[^key-b6da1ea7d5286348d766140e63df19d4]: Reg. 34 in operation at 8.12.2023, see reg. 1

[^key-631dfcdc8752ea3769bf1c065b9f4f16]: Reg. 35 in operation at 8.12.2023, see reg. 1

[^key-2d94d6a42283ee4115ec89030f1d15b1]: Reg. 36 in operation at 8.12.2023, see reg. 1

[^key-41f3546daef19033a3257206e29d44cc]: Reg. 37 in operation at 8.12.2023, see reg. 1

[^key-b08f1f15203bfe94f214936d15a6ec2a]: Sch. 2 para. 1 in operation at 8.12.2023, see reg. 1

[^key-a1fcd3b3b520671a7927e52e98e19c12]: Sch. 2 para. 2 in operation at 8.12.2023, see reg. 1

[^key-9168cda40444b3818bc264c77abe2e64]: Sch. 2 para. 3 in operation at 8.12.2023, see reg. 1

[^key-bcb7e49af0732771f5493a50580ef6bc]: Sch. 2 para. 4 in operation at 8.12.2023, see reg. 1

[^key-780d4f015d51c8363e0c5c5e2ecc3c1e]: Sch. 2 para. 5 in operation at 8.12.2023, see reg. 1

[^key-90904a09120c16a7728da66d543e9979]: Sch. 2 para. 6 in operation at 8.12.2023, see reg. 1

[^key-214aec1dc4cbdeaefd165c6b77a3d625]: Sch. 2 para. 7 in operation at 8.12.2023, see reg. 1

[^key-388dd172d50926e7eb38adb0f9ce5955]: Sch. 1 in operation at 8.12.2023, see reg. 1