UK Statutory Instrument SI 2005 United Kingdom

Occupational Pension Schemes (Employer Debt) Regulations 2005

Read it on legislation.gov.uk (opens in a new tab)
Enforced by
TPR
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Employer5 Trustee3 Any Person3

Other Acts binding the same actors

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

Employer — also bound by 682 other Acts
TULRCA 1992 72 duties
Trustee — also bound by 104 other Acts
Charities Act 2011 27 duties
Any Person — also bound by 2340 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.

Part 1

Preliminary

0 of 4 sections shown
4 other sections in this Part — procedural and definitional
s.001 Citation, commencement, application and extent
s.002 Interpretation
s.003 Disapplication of the 1996 Regulations
s.004 Schemes to which section 75 of the 1995 Act does not apply
Part 2

Valuations

0 of 1 section shown
1 other section in this Part — procedural and definitional
s.005 Calculation of the amount of scheme liabilities and value of scheme assets
Part 3

Multi-employer schemes

5 of 15 sections shown
s.006 Multi-employer schemes: general Regulated
  • Determine liabilities attributable to each employer in a multi‑employer pension schemeTrustee
s.006 Employment-cessation events: periods of grace Regulated
  • Notify pension trustees of your intention to re-employ within grace periodEmployer
s.006 Employment-cessation events: exemptions Regulated
  • Follow 7-step restructuring process to avoid pension debtEmployer
s.006 (1) The trustees or managers may decide that any costs... Regulated
  • Pay pension scheme costs if trustees decide you shouldEmployer
s.007 Calculation of amounts due from guarantors by virtue of regulation 7 Regulated
  • Actuary must certify scheme assets and liabilities in prescribed formAny Person
10 other sections in this Part — procedural and definitional
s.006 Scheme apportionment arrangements
s.006 Withdrawal Arrangements
s.006 Notifiable events
s.006 Flexible apportionment arrangements
s.006 Deferred debt arrangement
s.006 Employment-cessation events: general
s.006 (1) There is a restructuring within this regulation if each...
s.007 Approved withdrawal arrangements
s.007 Regulated apportionment arrangements
s.008 Single employer sections, multi-employer sections, etc
Part 4

Former employers

0 of 1 section shown
1 other section in this Part — procedural and definitional
s.009 Frozen schemes and former employers
Part 5

Money purchase schemes

0 of 4 sections shown
4 other sections in this Part — procedural and definitional
s.010 Money purchase schemes: fraud and levy deficiencies etc.
s.011 Money purchase schemes: valuations etc.
s.012 Multi-employer money purchase schemes
s.013 Former employers of money purchase schemes
Part 6

Other schemes treated as more than one scheme

0 of 2 sections shown
2 other sections in this Part — procedural and definitional
s.014 Schemes covering United Kingdom and foreign employment
s.015 Schemes with partial government guarantee
Part 7

Supplementary

0 of 4 sections shown
4 other sections in this Part — procedural and definitional
s.016 Modification of schemes: apportionment of section 75 debts
s.017 Disregard of staying of voluntary winding up of employer for purposes of section 75 of the 1995 Act
s.018 Consequential amendments
s.019 Review
Schedules

Schedules

6 of 73 shown
s.sch001a Conditions for withdrawal arrangements and approved withdrawal arrangements Regulated
  • Ensure withdrawal arrangements meet all required conditionsEmployer
s.sch001a Actuarial certificates Regulated
  • Get actuarial certificates for withdrawal arrangement calculationsEmployer
s.sch001a Calculation of amount A Regulated
  • Calculate scheme shortfall amount for employer debt purposesTrustee
s.sch001b (1) Where a withdrawal arrangement or an approved withdrawal arrangement... Regulated
  • Notify TPR when certain adverse events occur under a pension withdrawal arrangementAny Person
s.sch001b (1) The trustees or managers of a scheme must give... Regulated
  • Notify TPR of decisions to enter scheme apportionment arrangementsTrustee
s.sch001b (1) No duty to which a person is subject ...... Regulated
  • Comply with employer debt notice obligations or face civil penaltiesAny Person
67 other schedules
s.sch001 "applicable time" means the time as at which the value...
s.sch001 Schedule 1 para.wrapper11n2
s.sch001 Schedule 1 para.wrapper11n2n1
s.sch001 Schedule 1 para.wrapper11n2n1n1
s.sch001 Name
s.sch001 Qualification
s.sch001 Schedule 1 para.wrapper12n2n1n1
s.sch001 Schedule 1 para.wrapper12n2n1n1n1
s.sch001 Schedule 1 para.wrapper12n2n1n1n1n1
s.sch001 Schedule 1 para.wrapper12n2n1n2
s.sch001 Address
s.sch001 Name of employer (if applicable)
s.sch001 The valuation of the amount of the liabilities of the...
s.sch001 The value of the assets was provided by the trustees...
s.sch001 The liabilities were calculated and verified by relying on an...
s.sch001 Where approximate calculations are used in arriving at the amount...
s.sch001 In the case of multi-employer schemes:
s.sch001 The amount of the liabilities attributed to each of the...
s.sch001 Schedule 1 para.wrapper13n2n1n1
s.sch001 Schedule 1 para.wrapper13n2n1n1n1
s.sch001 Schedule 1 para.wrapper13n2n1n1n1n1
s.sch001 Schedule 1 para.wrapper13n2n1n2
s.sch001 Notes:
s.sch001 Schedule 1 para.wrapper13n2n2n1
s.sch001 Schedule 1 para.wrapper13n2n2n1n1
s.sch001 "liability proportion" means " K divided by L " where-...
s.sch001 "liability share" means an amount equal to the liability proportion...
s.sch001 "multi-employer scheme" means a scheme (or a section of a...
s.sch001 "relevant transfer deduction" means the amount of the relevant transfer...
s.sch001 "share of the difference" means the amount calculated as at...
s.sch001 Schedule 1 para.wrapper14n2n1
s.sch001 Schedule 1 para.wrapper14n2n1n1
s.sch001 The liability share amount was reduced to reflect a relevant...
s.sch001 Schedule 1 para.wrapper1n2
s.sch001 Schedule 1 para.wrapper1n2n1
s.sch001 Schedule 1 para.wrapper1n2n1n1
s.sch001 This certificate is subject to the Notes below
s.sch001 Schedule 1 para.wrapper2n2n1n1
s.sch001 Schedule 1 para.wrapper2n2n1n1n1
s.sch001 Schedule 1 para.wrapper2n2n1n1n1n1
s.sch001 Schedule 1 para.wrapper2n2n1n2
s.sch001 amount K, was [£x];
s.sch001 amount L was [£y]; and
s.sch001 [Employer's] debt (that is, Employer's liability share [after the relevant...
s.sch001 3 Valuation principles
s.sch001 4 Approximations
s.sch001 Date
s.sch001 Schedule 1 para.wrapper2n2n9n1
s.sch001 Schedule 1 para.wrapper2n2n9n1n1
s.sch001 Date used as the applicable time for purposes of calculations...
s.sch001 Schedule 1 para.wrapper3n2n1
s.sch001 Schedule 1 para.wrapper3n2n1n1
s.sch001 1 Comparison of value of scheme assets with amount of scheme liabilities
s.sch001 1 Comparison of value of scheme assets with amount of scheme liabilities
s.sch001 1 Amount B
s.sch001 2 Multi-Employer Schemes: Employer's share of the difference on the liability share basis
s.sch001 The amount of the total liabilities was [approximately]
s.sch001 2 Employer's withdrawal arrangements share or approved withdrawal arrangement share
s.sch001 The amount of the total difference between the value of...
s.sch001a Events for payment of amount B
s.sch001a Calculation of amount B
s.sch001a Approval of withdrawal arrangements in advance
s.sch001a Replacement withdrawal arrangements
s.sch001c 3 Valuation principles
s.sch002 (1) The MFR Regulations are amended as follows.
s.sch002 In regulation 10(2) of the Occupational Pension Schemes (Winding Up)...
s.sch002 . . . . . . . . . ....
4 other provisions
s.para.111 2 Valuation principles
s.para.62 The total amount of the employer’s debt will be the...
s.para.82 In the case of an approved withdrawal arrangement share, the...
s.para.84 [4 Approximations

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