(1) A pause order must specify the period for which...
Other duties (1) — Crown / regulator
- Pensions Regulator must specify valid period for pause orders Statutory regulator
UK Act of Parliament
2017
Great Britain
Pension Schemes Act 2017
An Act to make provision about pension schemes.
At a glance
Enforced by
What's here
8 compliance obligations
Who this Act binds
Plus 1 non-business duty on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
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
(1) This paragraph applies where— (a) a pause order is...
- Notify scheme members and employers when directed by TPR after a pause order
Section 28 (duty to pursue continuity option) has effect as...
- Consider new continuity option 2A when pursuing a continuity option
Section 20 (triggering event: duties of trustees) has effect as...
- Notify TPR of triggering event in Master Trust scheme
Section 25 (continuity option 2: resolving triggering event) has effect...
- Notify Pensions Regulator when a triggering event is resolved
Section 33 (prohibition on increasing charges etc during triggering event...
- Notify TPR of triggering event and freeze administration charges
Section 3 (prohibition on operating a Master Trust scheme unless...
- Do not operate an existing Master Trust scheme without authorisation
In section 70 (duty to report breaches of the law),...
- Report breaches of pension law to the Pensions Regulator
Browse 26 other Schedules — structural / supplementary
(1) If a pause order is made in relation to...
(1) If a pause order is made in relation to...
(1) A pause order, or an order made under any...
(1) This Schedule modifies the application of Part 1 as...
Section 21 (triggering events) has effect as if—
Section 23 (continuity options) has effect as if—
Section 26 (approval of implementation strategy) has effect as if—...
Section 34 (when it becomes clear that authorisation is not...
Section 35 (when decision to withdraw authorisation becomes final) has...
Section 21 (triggering events) has effect as if, in subsection...
Section 22 (notification requirements) has effect as if—
Part 1 applies in relation to an existing Master Trust...
Section 5 (decision on application) has effect as if at...
The Pension Schemes Act 1993 is amended as follows.
In section 93(2) (“regulatory functions” of the Regulator subject to...
In section 97(5) (special procedure: applicable cases), after paragraph (ta)...
In section 318(3) (interpretation: scheme rules)— (a) in paragraph (a),...
In Schedule 2 (functions exercisable by the Determinations Panel), after...
In section 31 of the Pensions Act 2008 (effect of...
In section 100B(2) (meaning of “scheme rules”: occupational pension schemes)—...
In section 101AI(8) (rights under section 101AB: further provision)—
In section 67A(9) of the Pensions Act 1995 (subsisting rights...
The Pensions Act 2004 is amended as follows.
In section 13 (improvement notices), in subsection (7) (meaning of...
In section 72 (provision of information), in subsection (1A), after...
(1) Section 90 (codes of practice) is amended as follows....
Browse 47 other sections — procedural / definitional / commencement
Master Trust schemes: definition
Relevant public service pension schemes
Prohibition on operating a scheme unless authorised
Application for authorisation
Decision on application
Referral to Tribunal of refusal to grant authorisation
Fit and proper persons requirement
Financial sustainability requirement
Financial sustainability requirement: business plan
Scheme funder requirements
Systems and processes requirements
Continuity strategy requirement
Investment capability
Scale requirement
List of authorised schemes
Requirement to submit annual accounts
Requirement to submit supervisory return
Duty to notify Regulator of significant events
Fixed penalty notice for failure to comply with request for information etc
Escalating penalty notice for failure to comply with request for information etc
Withdrawal of authorisation
Triggering event: duties of trustees
Triggering events
Notification requirements
Continuity options
Continuity option 1: transfer out and winding up
Continuity option 2: resolving triggering event
Approval of implementation strategy
Content of implementation strategy
Duty to pursue continuity option
Prohibition on winding up except in accordance with continuity option 1
Periodic reporting requirement
Pause orders
Prohibition on new employers during triggering event period
Prohibition on increasing charges etc during triggering event period
When it becomes clear that authorisation not to be withdrawn
When a decision to withdraw authorisation becomes final
Fraud compensation
Master trusts in operation on commencement: transitional provision
Minor and consequential amendments
Interpretation of Part 1
Regulations modifying application of Part 1
Power to override contract terms
Regulations: general provisions
Extent
Commencement
Short title
Official guidance
Authoritative sources published by regulators or government explaining this legislation.
- Monetary penalties policy (opens in a new tab) from TPR Detailed Guidance
- NOW: Pensions – Regulatory intervention report (opens in a new tab) from TPR Detailed Guidance
- The Audax Pension Trust Determination Notice (opens in a new tab) from TPR Detailed Guidance
- Ploutos Pension Trust and Ganita Wealth Pension Scheme Determination Notice (opens in a new tab) from TPR Detailed Guidance
- NOW: Pensions Trust: Determination notice (opens in a new tab) from TPR Detailed Guidance
- Link Pension Trustees Ltd in relation to McDonald’s Franchisees Pension Scheme: Determination notice (opens in a new tab) from TPR Detailed Guidance
- Who must report (opens in a new tab) from TPR Code of Practice
- Authorisation and supervision of master trusts (opens in a new tab) from TPR Code of Practice
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
The Pensions Regulator
Regulates workplace pensions, defined benefit schemes, and master trusts. All employers must auto-enrol eligible workers into a workplace pension. Enforces employer duties …
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Browse legislation
Find other UK business legislation with related guidance.
Regulators
Learn more about the bodies that enforce this legislation.