The Occupational Pension Schemes (Pension Protection Levies) (Transitional Period and Modification for Multi-employer Schemes) Regulations (Northern Ireland) 2006

Article 163 of the Pensions (Northern Ireland) Order 2005 (“the Order”) provides for the pension protection levy during the transitional period and these Regulations specify the duration of that period. The Regulations also make provision in relation to the imposition of a risk-based pension protection levy, in respect of multi-employer schemes, for the financial year beginning on 1st April 2006.