Statute Law Repeals - Law Commission - Ministry of Justice

GROUP 3 – PERSONAL ACCOUNTS DELIVERY AUTHORITY
10.170 The repeals proposed in this Group are consequential upon the winding up of the
Personal Accounts Delivery Authority. The Authority was established by the
Pensions Act 2007. 87 The functions of the Authority were set out in the Pensions
Act 2008 88 and included the giving of assistance and advice required by the
Secretary of State under section 67(1) of that Act. The main purpose of the
Authority was to advise on the introduction of a new low-cost pensions vehicle.
Section 23(1) of the 2007 Act authorised the Secretary of State to make an order
providing for the winding up and dissolution of the Authority. 89 This power has
now been duly exercised. By virtue of the Personal Accounts Delivery Authority
Winding Up Order 2010, 90 the Authority was wound up and dissolved on 5 July
2010. 91
10.171 The winding up and dissolution of the Authority in 2010 means that a number of
references to the Authority on the statute book are now unnecessary and their
repeal is proposed on that basis. 92
87 The 2007 Act, s 20. Further provision in relation to the Authority was made by sections 21
to 23 of, and Schedule 6 to, the 2007 Act.
88 The 2008 Act, s 79(2).
89 The power to make such an order arose if for certain reasons it appeared to the Secretary
of State that it was no longer necessary for the Authority to continue to exist: the 2007 Act,
s 23(3).
90 SI 2010 No 911.
91 The 2010 Order, art 3. The Order also repealed sections 20 and 22 of, and Schedule 6 to,
the 2007 Act: art 8(1)(a), (b); and sections 79 to 85 of the 2008 Act. The order also made
provision for the transfer of the Authority’s property, rights and liabilities to the National
Employment Savings Trust Corporation, a trustee corporation established under section 75
of the 2008 Act. The functions of the Corporation are set out in section 76 of the 2008 Act.
It is responsible for overseeing the National Employment Savings Trust known as NEST (a
low cost premium scheme designed to meet the needs of low to moderate earners and
their employers).
92 These references are in Public Records Act 1958, Sch 1, Pt 2; Parliamentary
Commissioner Act 1967, Sch 2; House of Commons Disqualification Act 1975, Sch 1, Pt 2;
Northern Ireland Assembly Disqualification Act 1975, Sch 1, Pt 2; Freedom of Information
Act 2000, Sch 1, Pt 6.
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