Northern Ireland Statutory Rule
2024
United Kingdom
The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations (Northern Ireland) 2024
At a glance
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
Browse 85 other Schedules — structural / supplementary
For the purposes of section 62(3)(a) of the 2021 Act...
For the purposes of section 62(3)(a) of the 2021 Act,...
The Regulator must take into account the following matters in...
The viability certificate must contain the information set out in...
The date which has been agreed in respect of the...
The name and contact details of the scheme actuary.
The name of the scheme in respect of which the...
A statement, signed by the scheme actuary, confirming that—
A viability report must include the information set out in...
The date which has been chosen in respect of the...
The name and contact details of the person to be...
A statement, signed by the trustees confirming that—
A statement, signed by the scheme actuary, confirming that, to...
The name of the scheme in respect of which the...
(1) An explanation of— (a) the design of the scheme;...
The explanation required by paragraph 8(1) must include—
The other information to be included in an application, in...
The Regulator must take account of the following matters in...
The Regulator must take account of the following matters in...
A collective money purchase scheme must meet the following requirements...
In this Schedule— “scheme communication” means a notification, notice, document,...
The matters that the Regulator must take into account in...
Whether the IT systems used for the purposes of carrying...
Whether there are systems and processes for ensuring that there...
Whether there are systems and processes— (a) for assessing and...
Whether there are systems and processes— (a) for gathering feedback...
The matters that the Regulator must take into account in...
Whether there are systems and processes— (a) for preventing unauthorised...
Whether there are systems and processes for ensuring that there...
Whether there are systems and processes— (a) for investing contributions...
Whether there are systems and processes— (a) for ensuring that...
Whether there are systems and processes— (a) for facilitating members’...
Whether the IT systems have the capacity and capability—
Whether the IT systems— (a) are capable of being upgraded...
Whether the IT systems— (a) are maintained at regular intervals,...
Whether the scheme’s systems and processes ensure that—
Whether there are systems and processes— (a) for the fair...
Whether there are systems and processes— (a) for establishing that...
Whether there are systems and processes— (a) for the identification...
Whether there are systems and processes— (a) for identifying, managing...
(1) In this Schedule— “arrangement” has the meaning given in...
(1) The trustees of a collective money purchase scheme that...
(1) The trustees of a collective money purchase scheme that...
(1) The trustees of a collective money purchase scheme that...
(1) The trustees of a collective money purchase scheme that...
(1) A beneficiary who has received notice from the trustees...
(1) Not less than one month before the date of...
(1) This paragraph applies where the trustees of a collective...
(1) If the trustees of a collective money purchase scheme...
(1) This paragraph applies to the trustees or managers of...
Where the trustees of a collective money purchase scheme that...
(1) For the purposes of section 87(2)(b) of the 2021...
As soon as practicable after the trustees of a collective...
(1) The Regulator may direct the trustees of a collective...
Article 10 of the 1995 Order (civil penalties) applies to...
(1) The rules of a collective money purchase scheme must...
(1) Where the trustees of a collective money purchase scheme...
(1) The quantification of the value of each beneficiary’s accrued...
(1) Subject to sub-paragraph (5), no new members may be...
(1) Where a person was a pensioner beneficiary of the...
(1) The information mentioned in sub-paragraph (2) must be given...
(1) A “collective money purchase scheme” for the purposes of...
Amendments to the Occupational Pension Schemes (Scheme Administration) Regulations
After regulation 5 insert— Prohibited charge structures – qualifying collective...
In the heading to regulation 6 (limits on charges) after...
After regulation 6 insert— Limits on charges – qualifying collective...
In the heading to regulation 7 (assessment of charges) after...
After regulation 7 insert— Assessment of charges – qualifying collective...
In the heading to regulation 8 (alternative assessment of charges)...
After regulation 8 insert— Alternative assessment of charges – qualifying...
In regulation 9 (member agreement for services)—
In regulation 10(1) (charge limits adjustment) after “relevant scheme” insert...
In regulation 11(5) (non-contributing members) in the definition of “relevant...
Amendment of the Occupational and Personal Pension Schemes (Automatic Enrolment) Regulations
In regulation 11A (relevant information)— (a) in paragraph (1)—
In regulation 11B (relevant information) after paragraph (7) add—
In regulation 11C (member agreement for payments to advisers) for...
Amendments to the Occupational Pension Schemes (Charges and Governance) Regulations
(1) Regulation 2 (interpretation) is amended in accordance with sub-paragraphs...
In regulation 3(9) (default arrangement) after the definition of “relevant...
After regulation 3 insert— Qualifying collective money purchase schemes (1) A relevant scheme is a “qualifying collective money purchase...
In the heading to Chapter 1 of Part 2 (default...
(1) Regulation 4 (restrictions on charges) is amended in accordance...
In the heading to regulation 5 (prohibited charge structures) after...
Browse 36 other sections — procedural / definitional / commencement
Citation and commencement
Interpretation and notices
Connected employers
Qualifying schemes
Schemes divided into sections
Authorisation: contents
Application for authorisation: fee
Fit and proper persons requirement
Scheme design requirement
Viability report
Viability certificate
Financial sustainability requirement
Communication requirement
Systems and processes requirement
Continuity strategy: contents
Continuity strategy: administration charges
Calculation of benefits
Advice of scheme actuary
Actuarial valuations
Reporting requirements relating to benefit adjustments
Powers of the Regulator
Supervisory return: contents
Significant events
Risk notices
Triggering events: notification requirements
Implementation strategy: approval
Implementation strategy: charges
Implementation strategy: content
Continuity option 1: discharge of liabilities and winding up
Continuity option 2: resolving the triggering event
Continuity option 3: conversion to closed scheme
Periodic reporting requirement
Pause orders
Administration charges during a triggering event period
Collective money purchase benefits – amendments to subordinate legislation
Revocation
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