Part 1: Financial Guidance Etc Funding of the single financial guidance body Section 12: Levies under Pension Schemes Act 1993 and Pension Schemes (NI) Act 1993
This section amends the provision of the Pension Schemes Act 1993 which enables the Secretary of State to make regulations imposing levies to meet specified types of expenditure. This amendment adds expenditure under section 11 to the list of types of expenditure that levies can be imposed to meet. This will enable the Secretary of State to recover a proportion of the funding of the single financial guidance body. The section also makes equivalent provision in relation to the Pension Schemes (Northern Ireland) Act 1993.