Requirement to provide risk warnings in relation to safeguarded-flexible benefits
- Provide written risk warnings to members accessing safeguarded-flexible benefits Trustee
UK Statutory Instrument
2015
United Kingdom
The Pension Schemes Act 2015 (Transitional Provisions and Appropriate Independent Advice) Regulations 2015
At a glance
Enforced by
What's here
4 compliance obligations
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Trustee 3
- Employer 1
Other Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Trustees also bound by 100 other Acts (top 5 shown)
- The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022 2022 37 duties
- Charities Act 2011 2011 26 duties
- The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 2013 26 duties
- Insolvency (England and Wales) Rules 2016 2016 21 duties
- The Pensions (Northern Ireland) Order 2005 2005 20 duties
Employers also bound by 694 other Acts (top 5 shown)
- The Income Tax (Pay As You Earn) Regulations 2003 2003 236 duties
- Provision and Use of Work Equipment Regulations 1998 1998 120 duties
- TULRCA 1992 1992 72 duties
- Employment Rights (Northern Ireland) Order 1996 (current NI employment law) 1996 52 duties
- Income Tax (Earnings and Pensions) Act 2003 2003 50 duties
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.
Information to be provided where the value of cash equivalent is increased or reduced
- Provide updated information to member when cash equivalent value changes Trustee
Requirement to check that the authorised independent adviser has permission to carry on regulated activity
- Check the FCA Register to verify the independent adviser is authorised Trustee
Circumstances in which an employer is required to arrange or pay for advice
- Arrange and pay for independent pension advice when sending benefit options communications Employer
Browse 12 other sections — procedural / definitional / commencement
Citation, commencement and interpretation
Transitional provisions relating to the coming into force of section 48 of the Act
Appropriate independent advice – further requirements
Meaning of authorised independent adviser
Exception to section 48(1)
Information to be provided to the member or survivor
Form of confirmation of appropriate independent advice
Information to be provided on initial enquiry
Meaning of “relevant guarantee”
Content of risk warnings in relation to safeguarded-flexible benefits
Determination of whether exception applies and check that advice received
Review
Official guidance
Authoritative sources published by regulators or government explaining this legislation.
- DB to DC transfers and conversions (opens in a new tab) from TPR Detailed Guidance
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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Browse legislation
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Regulators
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