
1 

(1) This Order may be cited as the Pensions Act 1995 (Commencement No. 4) Order 1996.
(2) In this Order, references to “the Act” are references to the Pensions Act 1995 and, except where the context otherwise requires, references to sections and Schedules are references to sections of, and Schedules to, the Act.
2 

(1) The day appointed for the coming into force of the provisions specified in Part I of the Schedule to this Order, is 1st August 1996.
(2) The day appointed for the coming into force of the provisions specified in Part II of the Schedule to this Order, for the purpose only of authorising the making of regulations, is 1st June 1996.
(3) The day appointed for the coming into force of section 78(6) of the Act:—
(a) for the purpose only of authorising the making of regulations, is 1st June 1996; and
(b) for all other purposes, is 1st August 1996.
(4) The day appointed for the coming into force of Schedule 1 paragraph 13 of the Act and section 1(5) in so far as it relates to that paragraph, is 1st June 1996.
Signed by authority of the Secretary of State for Social Security.
Paul Evans
Parliamentary Under-Secretary of State,
Department of Social Security
31st May 1996
SCHEDULE
Article 2
PART I

Provisions of the Act Subject matter
Section 78(1) to (3), (5) and (7) establishment of the Pensions Compensation Board
section 85(3)(a) investment of surplus funds held by the Pensions Compensation Board
Schedule 2 paragraphs 1 to 11, 13, 14(1) to (4), 16, 17, 18(1)(a) and (b), 19 and 20 and section 78(8) in so far as it relates to those paragraphs Pensions Compensation Board
PART II

Provisions of the Act Subject matter
section 10(1) period for paying penalties
section 23 requirement for independent trustee
section 81(1)(c), (2) and (3)(f)(i) cases where compensation provisions apply
section 82(1) applications for payment
section 83(2) and (3)(a) amount of compensation
section 84(1)(b), (2) and (3) payments made in anticipation
section 86 modifications of compensation provisions
section 96(2) and (5) review of decisions
section 155 in so far as not already in force for the purpose of making regulations penalties for breach of regulations under the Pension Schemes Act 1993
section 157(2) jurisdiction of the Pensions Ombudsman
section 158 payment of costs and expenses by the Pensions Ombudsman
section 160 interest on late payment of benefit
Schedule 5, paragraph 36 and section 151 in so far as it relates to that paragraph investment and resources of schemes