| Guvnor

Made under: Pensions Act 1995
Enforced by: TPR
Status: In Force
Penalty ceiling: Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Trustee2 Employer1

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Trustee — also bound by 104 other Acts

The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 79 duties

The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022 40 duties

Charities Act 2011 27 duties

Charities Act (Northern Ireland) 2008 22 duties

Insolvency (England and Wales) Rules 2016 21 duties

Employer — also bound by 682 other Acts

The Income Tax (Pay As You Earn) Regulations 2003 241 duties

Provision and Use of Work Equipment Regulations 1998 120 duties

TULRCA 1992 72 duties

Income Tax (Earnings and Pensions) Act 2003 54 duties

Employment Rights (Northern Ireland) Order 1996 (current NI employment law) 53 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

INTRODUCTION

0 of 1 section shown

1 other section in this Part — procedural and definitional

s.001 Citation, commencement and interpretation

Part 2

Advisers and Service Providers

2 of 6 sections shown

s.005 Manner and terms of appointment and removal of professional advisers Regulated

Appoint professional advisers in writing and manage their appointment/removal properlyTrustee

s.006 Duty to disclose information Regulated

Disclose information to pension scheme trustees and managersEmployer

4 other sections in this Part — procedural and definitional

s.002 Appointment of professional advisers by trustees or managers

s.003 Exemptions from the professional advisers requirements

s.004 Qualifications and experience or approval required for appointment as the auditor or actuary

s.006 Appointment of service providers in respect of relevant schemes

Part 3

TRUSTEES

0 of 11 sections shown

11 other sections in this Part — procedural and definitional

s.007 Ineligibility to act as actuary or auditor

s.008 Meaning of trustee of a trust scheme

s.009 Exemption from the requirement to give notice of an occasion when a specified number of trustees must be present for a decision

s.010 Manner of, and time for giving, notice when a specified number of trustees must be present for a decision

s.011 Exemption from the requirement for money to be kept by the trustees

s.012 Requirement for trustees to keep books and records

s.013 Records of trustees’ meetings

s.014 Period for which books and records must be kept

s.015 Employer to make payments of benefits into a separate account

s.016 Prescribed time in which an employer must make payments to trustees or managers

s.016 Exemptions from the requirement to notify the Authority or the member of a late contribution payment

Part 4

MONEY PURCHASE SCHEMES

0 of 5 sections shown

5 other sections in this Part — procedural and definitional

s.017 Exemption from requirement to secure a payment schedule

s.018 Amounts to be shown in a payment schedule

s.019 Requirements which a payment schedule must satisfy

s.020 Period within which notice must be given

s.021 Circumstances where notice of non-payment of any amount payable to a scheme need not be given

Part 6

Governance of relevant trust schemes

0 of 15 sections shown

15 other sections in this Part — procedural and definitional

s.030 Scope of Part 6

s.031 General interpretation

s.032 Time at which services are provided

s.033 Duties of trustees to carry out tender process in connection with the provision of fiduciary management services by FM providers

s.034 Meaning of “IC provider”, “existing IC provider” and related expressions

s.035 Duty to set objectives for IC providers

s.036 Duty to review performance of IC providers

s.037 Compliance notice

s.038 Third party compliance notice

s.039 Penalty notices

s.040 Penalty notices: recovery of penalty

s.041 Penalty notices: recovery of penalty from bodies corporate and Scottish partnerships

s.042 Service of notices

s.043 Review of notices

s.044 Reference to the Upper Tribunal

s.025 Assessment of charges and transaction costs Regulated

Assess scheme charges, transaction costs and value for members annuallyTrustee

18 other provisions

s.001 Scope

s.002 General Interpretation

s.003 Meaning of “FM provider”, “in-scope FM provider”, “continuing in-scope FM provider”, “out-of-scope FM provider”, “manageable assets” and related expressions

s.004 The asset management threshold

s.005 Meaning of “qualifying tender process”

s.006 Application of Part 2

s.007 Duty of trustees to carry out a qualifying tender process in connection with continued use of continuing in-scope FM providers

s.008 Duty of trustees of a relevant scheme to carry out a qualifying tender process in connection with appointment, or change to the mandate, of an in-scope FM provider

s.009 Duty of the trustees to carry out a qualifying tender process in respect of arrangements with existing FM providers not appointed following a relevant tender process

s.010 Notification to FM providers

s.022 Duty to appoint a chair of the trustees or managers

s.023 Annual statement regarding governance

s.024 Requirements for processing financial transactions

s.025 Assessment of asset allocation

s.026 Annual statement regarding governance: relevant multi-employer schemes

s.027 Appointment of trustees

s.028 Appointment of trustees: trustees who are non-affiliated

s.029 Representation of members

Connected legislation

The wider family of instruments made under the same parent Act.

Occupational Pension Schemes (Investment) Regulations 2005 SI 2005

The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 SI 2023/1399

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.