UK Statutory Instrument SI 2005 United Kingdom

Occupational Pension Schemes (Scheme Funding) Regulations 2005

These Regulations are made primarily under Part 3 of the Pensions Act 2004 (c. 35) (“the Act”). Together with provisions in that Part, they implement article 15 and the funding requirements in article 16 of European Union Directive 2003/41/EC on the activities and supervision of institutions for occupational retirement provision …

Enforced by
TPR
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Trustee6 Employer1

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Trustee — also bound by 104 other Acts
Employer — also bound by 682 other Acts

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.

s.007 Actuarial valuations and reports Regulated
  • Obtain actuarial valuations and reports within deadlinesTrustee
s.011 Records Regulated
  • Keep records of pension scheme contributions and recovery actionsTrustee
s.015 Guidance relating to actuarial advice Regulated
  • Actuary must follow FRC guidance when advising on fundingEmployer
18 other provisions — procedural and definitional
s.001 Citation and commencement
s.002 Interpretation
s.003 Determination of assets and liabilities
s.004 Valuation of assets and determination of the amount of liabilities
s.005 Calculation of technical provisions
s.006 Statement of funding principles
s.008 Recovery plan
s.009 Schedule of contributions
s.010 Content and certification of schedules of contributions
s.012 Failure to make payments
s.013 Period for obtaining employer's agreement
s.014 Powers of the Regulator
s.016 Modification of shared cost schemes
s.017 Exemptions - general
s.018 Exemption connected with winding up
s.019 Modification of provisions of the 2004 Act
s.020 Supplementary and consequential provisions, transitional provisions and savings
s.021 Revocations
Schedules

Schedules

4 of 49 shown
s.sch002 (1) In the case of a scheme under which— Regulated
  • Trustees must consult employer on contribution rates where they set them without agreementTrustee
s.sch004 (1) Except where sub-paragraph (3), (5) or (7) applies, the... Regulated
  • Obtain first actuarial valuation for pension scheme within statutory deadlineTrustee
s.sch004 The trustees or managers must ensure that the first valuation... Regulated
  • Receive first actuarial valuation within required timeframeTrustee
s.sch004 Section 227 of the 2004 Act (schedule of contributions) applies... Regulated
  • Prepare first schedule of contributions for your pension schemeTrustee
45 other schedules
s.sch002 (1) Where— (a) a scheme in relation to which there...
s.sch002 Where a scheme is exempt from the application of section...
s.sch002 (1) This paragraph applies in the case of a scheme...
s.sch002 (1) In circumstances where the actuary considers that, because of...
s.sch002 In the application of section 229 of the 2004 Act...
s.sch002 (1) In the application of Part 3 of the 2004...
s.sch002 (1) This paragraph applies where an employer is treated under...
s.sch002 (1) This paragraph applies where an employer is treated under...
s.sch002 (1) This paragraph applies where a deferred employer is treated...
s.sch002 For the purposes of paragraphs 3B and 3C— “deferred debt...
s.sch002 (1) This paragraph applies in the cases described in sub-paragraphs...
s.sch002 (1) This paragraph applies in the case described in sub-paragraph...
s.sch002 (1) This paragraph applies where the trustees or managers of...
s.sch002 Where such a guarantee has been given as is mentioned...
s.sch002 (1) This paragraph applies in the case of a scheme...
s.sch003 (1) The Occupational Pension Schemes (Contracting-out) Regulations 1996 are amended...
s.sch003 (1) The Pension Sharing (Implementation and Discharge of Liability) Regulations...
s.sch003 (1) The Pension Sharing (Pension Credit Benefit) Regulations 2000 are...
s.sch003 (1) The Stakeholder Pension Schemes Regulations 2000 are amended as...
s.sch003 (1) The Occupational Pension Schemes (Republic of Ireland Schemes Exemption)...
s.sch003 (1) The Occupational Pension Schemes (Administration and Audited Accounts) (Amendment)...
s.sch003 Schedule 3 para.2
s.sch003 (1) Until the trustees or managers of a scheme have...
s.sch003 (1) The Occupational Pension Schemes (Scheme Administration) Regulations 1996 are...
s.sch003 (1) The Occupational Pension Schemes (Transfer Values) Regulations 1996 are...
s.sch003 (1) The Personal and Occupational Pension Schemes (Pensions Ombudsman) Regulations...
s.sch003 (1) The Occupational Pension Schemes (Winding Up) Regulations 1996 are...
s.sch003 (1) The Occupational Pension Schemes (Contracting-out) Regulations (Northern Ireland) 1996...
s.sch003 (1) The Pension Sharing (Valuation) Regulations 2000 are amended as...
s.sch004 Paragraphs 2 to 7 of this Schedule apply to a...
s.sch004 Where— (a) immediately before the commencement date, the trustees or...
s.sch004 Where— (a) immediately before the commencement date, the trustees or...
s.sch004 Where— (a) immediately before the commencement date, the trustees or...
s.sch004 Where— (a) immediately before the commencement date, the trustees or...
s.sch004 Where a requirement to obtain a valuation is preserved by...
s.sch004 Where, immediately before the commencement date, the trustees or managers...
s.sch004 Section 61 of the 1995 Act (supplementary), regulation 2 of...
s.sch004 Where any provision of the 1995 Act or the 1996...
s.sch004 Where any provision of the 1995 Act or the 1996...
s.sch004 Any reference to the 1995 Act or the 1996 Regulations...
s.sch004 Section 224 of the 2004 Act (actuarial valuations and reports)...
s.sch004 In the circumstances described in paragraph 4(b), (c), and (d),...
s.sch004 References in sections 224 to 231 of the 2004 Act...
s.sch004 Paragraphs 9 to 19 of this Schedule apply to a...
s.sch004 Sections 56 and 58 to 60 of the 1995 Act,...

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