9 Monitoring of employers' payments to personal pension schemes
Welfare Reform and Pensions Act 1999 (1999 c 30) | Legislation

Part II Pensions: General

Payments by employers to pension schemes

9  Monitoring of employers' payments to personal pension schemes

In Part VI of the Pension Schemes Act 1993 (further requirements for protection of scheme members), after section 111 there shall be inserted—

“111A Monitoring of employers' payments to personal pension schemes

(1)     This section applies where—

(a)     an employee is a member of a personal pension scheme; and

(b)     direct payment arrangements exist between the employee and his employer.

(2)     In this section “direct payment arrangements” means arrangements under which contributions fall to be paid by or on behalf of the employer towards the scheme—

(a)     on the employer's own account (but in respect of the employee); or

(b)     on behalf of the employee out of deductions from the employee's earnings.

(3)     The employer must secure that there is prepared, maintained and from time to time revised a record of the direct payment arrangements which complies with subsection (4).

(4)     The record must—

(a)     show the rates and due dates of contributions payable under the direct payment arrangements, and

(b)     satisfy prescribed requirements.

(5)     The employer must, within the prescribed period after the preparation

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Title guarantee and covenants for title

On the disposition of a property (whether by way of conveyance, transfer or charge), the party making the disposition will normally provide a title guarantee which implies standard form covenants for title. A landlord may give a title guarantee when granting a lease, but this is rare in practice.

LEXISNEXIS

179. List of offences triable either way.

  Without prejudice to any other enactment by virtue of which any offence is triable either way1, the following offences are triable either way2:  (1)     offences at common law of public nuisance3;  (2)     an offence at common law of

LEXISNEXIS

Notice of assignment

notice of [assignment OR transfer]To: [insert name of landlord][of [insert address] OR whose registered office is at [insert address] Company number [insert number]][and][To: [insert name of head landlord]][of [insert address] OR whose registered office is at [insert address] Company number [insert

LEXISNEXIS

Liquidated damages in construction contracts

Liquidated damages in construction contractsThis Practice Note explains what liquidated and ascertained damages (LADs/LDs) are and their purpose in a building contract. It considers the difference between liquidated damages and general (or unliquidated) damages and looks at the enforceability of