S.I. No. 465/2009 - Occupational Pension Schemes (Fees) (Amendment) Regulations 2009

1. (1) These Regulations may be cited as the Occupational Pension Schemes (Fees) (Amendment) Regulations 2009.

(2) These Regulations shall come into effect on 1 January 2010.

2. The Occupational Pension Schemes (Fees) (Amendment) Regulations 2002 (

S.I. No. 610 of 2002

) are amended—

(

a

) in article 4(2)(

a

) by substituting “€8.80” for “€9.50”,

(

b

) in article 4(2)(

b

) by substituting “€4,395” for “€4,750”, and

(

c

) in article 4(2)(

c

) by substituting “€4.40” for “€4.75”.

GIVEN under the Official Seal of the Minister for Social and Family Affairs,

26 November 2009.

MARY HANAFIN,

Minister for Social and Family Affairs.

The Minister for Finance hereby consents to the making of the foregoing Regulations.

Given under the Official Seal of the Minister for Finance,

23 November 2009.

BRIAN LENIHAN,

Minister for Finance.

EXPLANATORY NOTE

(This note is not part of the instrument and does not purport to be a legal interpretation.)

Section 25

of the

Pensions Act 1990

provides for the payment of annual fees by occupational pension schemes to the Pensions Board. These Regulations provide for reductions in the level of fees by 7.5% with effect from 1 January 2010.

S.I. No. 465 of 2009

OCCUPATIONAL PENSION SCHEMES (FEES) (AMENDMENT) REGULATIONS 2009

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of

4

th December

, 2009.

The Minister for Social and Family Affairs, in exercise of the powers conferred on her by sections 5 and 25 of the

Pensions Act 1990

(No. 25 of 1990), hereby makes the following Regulations:-