UK Statutory Instrument 1996 United Kingdom

The Occupational Pension Schemes(Winding Up) Regulations 1996

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At a glance

Enforced by

TPR

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 1 — Preliminary

Browse 2 other sections in this Part — procedural / definitional / commencement
s.001

Citation, commencement and interpretation

s.002

Commencement of winding up

Part 2 — Preferential liabilities on winding up

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s.003

Modifications of s. 73(3) for schemes beginning to be wound up before 6th April 2005

s.004

Calculation of the value or amount of scheme assets and liabilities

s.004

Calculation of liabilities where employer not insolvent

s.004

Calculation of liabilities where employer not insolvent and where winding up commences on or after 11th June 2003

s.004

Calculation of liabilities where winding up commences, and date of calculation falls, on or after 15 February 2005

s.005

Modification of schemes to fix time for settling priority of liabilities on winding up

Part 3 — Discharge of liabilities by insurance

Browse 4 other sections in this Part — procedural / definitional / commencement
s.006

Arrangements for discharge of liabilities under s. 74

s.007

Requirements applicable to notices of discharge under regulation 6

s.008

Requirements to be satisfied by transferee schemes, annuities etc.

s.009

Relationship of these Regulations and requirements under s. 32A of the Pension Schemes Act 1993

Part 4 — Power to defer winding up

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s.010

Disapplication of s. 38

s.011

Records and information

Part 5 — Modifications affecting certain schemes

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s.012

Winding up of sectionalised schemes etc.

s.012

Schemes with partial government guarantee

s.012

Schemes covering United Kingdom and foreign employment

s.013

Hybrid schemes

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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 …

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