SCHEDULE 4 Regulatory Oversight

SCHEDULE 4 Regulatory Oversight

Section 17(1)

1

The Pensions Act 2004 is amended as follows.

2

In section 11 (annual reports), in subsection (3), at the end there is inserted—

“(d)     the exercise of the Regulator's functions in relation to public service pension schemes.â€

3

(1)     Section 13 (improvement notices) is amended as follows.

(2)     In subsection (3)(a), after “90†there is inserted ※Á°ù 90Aâ€.

(3)     In subsection (7)—

(a)     in paragraph (c), the final ※Á°ù†is repealed;

(b)     at the end there is inserted

※Á°ù

(e)     section 5(4) (pension board: conflicts of interest and representation), 6 (pension board: information), 14 (information about benefits) or 16 (records) of the Public Service Pensions Act 2013.â€

4

After section 14 there is inserted—

“14A Appointment of skilled person to assist public service pension scheme

(1)     The Regulator may, if it considers it desirable for the purpose of ensuring compliance with pensions legislation, appoint a person to assist the pension board of a public service pension scheme in the discharge of its functions.

(2)     A person appointed under this section may be any person appearing to the Regulator to have the necessary skills.

(3)

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