UK Statutory Instrument
2005
United Kingdom
Occupational Pension Schemes (Employer Debt) Regulations 2005
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.
Schedules
Browse 73 other Schedules — structural / supplementary
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Name
Qualification
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Address
Name of employer (if applicable)
The valuation of the amount of the liabilities of the...
The value of the assets was provided by the trustees...
The liabilities were calculated and verified by relying on an...
Where approximate calculations are used in arriving at the amount...
In the case of multi-employer schemes:
The amount of the liabilities attributed to each of the...
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Notes:
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"liability proportion" means " K divided by L " where-...
"liability share" means an amount equal to the liability proportion...
"multi-employer scheme" means a scheme (or a section of a...
"relevant transfer deduction" means the amount of the relevant transfer...
"share of the difference" means the amount calculated as at...
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The liability share amount was reduced to reflect a relevant...
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This certificate is subject to the Notes below
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amount K, was [£x];
amount L was [£y]; and
[Employer's] debt (that is, Employer's liability share [after the relevant...
3 Valuation principles
4 Approximations
Date
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Date used as the applicable time for purposes of calculations...
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1 Comparison of value of scheme assets with amount of scheme liabilities
1 Comparison of value of scheme assets with amount of scheme liabilities
1 Amount B
2 Multi-Employer Schemes: Employer's share of the difference on the liability share basis
The amount of the total liabilities was [approximately]
2 Employer's withdrawal arrangements share or approved withdrawal arrangement share
The amount of the total difference between the value of...
Conditions for withdrawal arrangements and approved withdrawal arrangements
Actuarial certificates
Events for payment of amount B
Calculation of amount A
Calculation of amount B
Approval of withdrawal arrangements in advance
Replacement withdrawal arrangements
(1) Where a withdrawal arrangement or an approved withdrawal arrangement...
(1) The trustees or managers of a scheme must give...
(1) No duty to which a person is subject ......
3 Valuation principles
(1) The MFR Regulations are amended as follows.
In regulation 10(2) of the Occupational Pension Schemes (Winding Up)...
. . . . . . . . . ....
Browse 31 other sections — procedural / definitional / commencement
Citation, commencement, application and extent
Interpretation
Disapplication of the 1996 Regulations
Schemes to which section 75 of the 1995 Act does not apply
Calculation of the amount of scheme liabilities and value of scheme assets
Multi-employer schemes: general
Employment-cessation events: periods of grace
Scheme apportionment arrangements
Withdrawal Arrangements
Notifiable events
Flexible apportionment arrangements
Deferred debt arrangement
Employment-cessation events: general
Employment-cessation events: exemptions
(1) There is a restructuring within this regulation if each...
(1) The trustees or managers may decide that any costs...
Approved withdrawal arrangements
Regulated apportionment arrangements
Calculation of amounts due from guarantors by virtue of regulation 7
Single employer sections, multi-employer sections, etc
Frozen schemes and former employers
Money purchase schemes: fraud and levy deficiencies etc.
Money purchase schemes: valuations etc.
Multi-employer money purchase schemes
Former employers of money purchase schemes
Schemes covering United Kingdom and foreign employment
Schemes with partial government guarantee
Modification of schemes: apportionment of section 75 debts
Disregard of staying of voluntary winding up of employer for purposes of section 75 of the 1995 Act
Consequential amendments
Review
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
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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