Section 63 — Pensions Act 2008: Information for private pensions policy and retirement planning

Information for private pensions policy and retirement planning 63 1 In Schedule 10 to the Pensions Act 2004 (c. 35) (use and supply of information for purposes relating to private pensions policy and retirement planning), after paragraph 3 insert— Supply of information held by the Regulator 4 1 This paragraph applies to information which is held—

a by the Regulator;

b by a person providing services to the Regulator, in connection with the provision of those services.

2 Information to which this paragraph applies may be supplied—

a to the Secretary of State or the Northern Ireland Department, or b to a person providing services to the Secretary of State or the Northern Ireland Department, for use for the purposes of functions relating to private pensions policy or retirement planning.

3 In this paragraph— “ private pensions policy ” means policy relating to schemes which are occupational pension schemes or personal pension schemes within the meaning of Part 1 of the Pensions Act 2008; “ retirement planning ” and “ the Northern Ireland Department ” have the same meaning as in paragraph 2.

2 Section 323 of the Pensions Act 2004 (extent) is amended as follows.

3 In subsection (2)(c) (provisions extending to Northern Ireland)—

a for “paragraph 2” substitute “ paragraphs 2 and 4 ” ;

b for “that paragraph” substitute “ those paragraphs ” .

4 In subsection (4), for “paragraph 2” substitute “ paragraphs 2 and 4 ” .

5 Section 3 of the Social Security Act 1998 (c. 14) (use of information) is amended as follows.

6 In subsection (5), in the definition of “private pensions policy”—

a the words from “occupational” to the end become paragraph (a),

and b after that paragraph insert or b occupational pension schemes or private pension schemes within the meaning of Part 1 of the Pensions Act 2008, if they do not fall within paragraph (a); .