UK Statutory Instrument 1996 United Kingdom

Occupational Pension Schemes (Scheme Administration) Regulations 1996

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At a glance

Enforced by

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.

Part I — INTRODUCTION

Browse 1 other section in this Part — procedural / definitional / commencement

s.001

Citation, commencement and interpretation

Part II — Advisers and Service Providers

Browse 6 other sections in this Part — procedural / definitional / commencement

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.005

Manner and terms of appointment and removal of professional advisers

s.006

Duty to disclose information

s.006

Appointment of service providers in respect of relevant schemes

Part III — TRUSTEES

Browse 11 other sections in this Part — procedural / definitional / commencement

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 IV — MONEY PURCHASE SCHEMES

Browse 5 other sections in this Part — procedural / definitional / commencement

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

Browse 15 other sections in this Part — procedural / definitional / commencement

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

Other sections — not classified into a Part

These sections exist in the Act but the contents-of-Parts walker did not place them under a Part. Likely amendments or sections inserted out of the original Part structure.

Browse 19 other unclassified sections

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 charges and transaction costs

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

Read the full Act on legislation.gov.uk

Official guidance

Authoritative sources published by regulators or government explaining this legislation.

Set objectives for your investment consultant (opens in a new tab) from TPR Detailed Guidance
Investment governance in DC schemes (opens in a new tab) from TPR Detailed Guidance
Administration of a pension scheme (opens in a new tab) from TPR Detailed Guidance
Enforcement options (opens in a new tab) from TPR Detailed Guidance
Penalty notices (opens in a new tab) from TPR Detailed Guidance
Vedius Pension Trust: Determination notice (opens in a new tab) from TPR Detailed Guidance
The Dunnes Stores (Bangor) Limited Management Pension Scheme: Determination notice (opens in a new tab) from TPR Detailed Guidance
Pakistan International Airlines Retirement and Death Benefits Scheme: Determination notice (opens in a new tab) from TPR Detailed Guidance
Organic Insurance Limited Pension Scheme: Determination notice (opens in a new tab) from TPR Detailed Guidance
EC2 Master Ltd (the Trustee) in relation to Autoenrolment.co.uk: Determination notice (opens in a new tab) from TPR Detailed Guidance
... and 2 more

Enforcement and responsible bodies

The regulators that administer or enforce this legislation.

TPR

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 …

Connected legislation

parent Act

These instruments amend, apply, or refer to this Act. They may not all create direct business obligations.

Made under

Pensions Act 1995 1995 Primary Act

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