UK Offence Report

The Personal Pension Schemes (Advertisements) Regulations 1990

UK Statutory Instrument 1990 No. 1140 — creates 1 criminal offence.

1offences created
0recorded in force
0revoked
Made
29 May 1990
In force from
20 June 1990
Extent
Not stated
Subject
Corporate, financial services, company law, employment, charity, electoral and tax
Made under
Social Security Act 1975, Social Security Act 1986

Explanatory note

(This note is not part of the Regulations) — published with the instrument by the department that made it. © Crown copyright, reused under the Open Government Licence v3.0.

These Regulations make provision relating to the content of advertisements for personal pension schemes which take the form of arrangements for the investment of contributions in an interest-bearing account. Regulation 1 is formal and regulation 2 specifies the schemes to which the regulations apply. Regulation 3 specifies the bases on which projections of future benefits are to be made. Regulations 4 prescribes the information which is to be contained in “off the page advertisements”, that is those advertisements which invite persons to respond by either accepting or making an offer to become a member of a scheme. Regulation 5 prohibits any assertion or implication that an advertisement has the approval of a Government Department or the Occupational Pensions Board. Regulation 6 provides for penalties for contravention of the Regulations. The report of the Occupational Pensions Board on the proposals referred to them, together with a Statement by the Secretary of State showing why the Regulations do not give full effect to the Board’s recommendations, is contained in Command Paper No 1085 published by Her Majesty’s Stationery Office.

Offences created by this instrument

What Parliament said about it

Hansard was searched for this instrument by name and returned nothing. That is the ordinary outcome: an instrument laid under the negative procedure is usually never debated, and becomes law without a word said about it in either House.

How Parliament handled it

Parliament's Statutory Instruments service records procedure from May 2017 onwards, and this instrument predates it. That is a limit of the source, not a statement that nothing happened.

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