The Occupational Pension Schemes (Trust and Retirement Benefits Exemption) Regulations (Northern Ireland) 2005
These Regulations prescribe the description of schemes which are exempt from the requirement in Article 229(2) of the Pensions (Northern Ireland) Order 2005 (“the Order”) that trustees or managers of an occupational pension scheme with its main administration in the United Kingdom must not accept a funding payment unless the scheme is established under irrevocable trust. They also prescribe the description of a scheme which is exempt from the requirement in Article 232(1) of the Order, that an occupational pension scheme with its main administration in the United Kingdom must be limited to retirement benefit-related activities.