UK Statutory Instrument
2015
United Kingdom
Occupational Pension Schemes (Charges and Governance) Regulations 2015
At a glance
Enforced by
What's here
1 compliance obligation
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Trustee 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
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 — INTRODUCTION
Browse 4 other sections in this Part — procedural / definitional / commencement
Interpretation
Default arrangement
Qualifying collective money purchase schemes
Part 2 — RESTRICTIONS ON CHARGES
Prohibition of early exit charges
- Do not charge early exit fees for pension scheme members who joined after 1 October 2017 Trustee
Browse 22 other sections in this Part — procedural / definitional / commencement
Restrictions on charges
Prohibited charge structures - default arrangements
Prohibited charge structures – qualifying collective money purchase schemes
Limits on charges - default arrangements
Limits on charges – qualifying collective money purchase schemes
Imposition of more than one flat fee charge
Assessment of charges - default arrangements
Assessment of charges – qualifying collective money purchase schemes
Alternative assessment of charges - default arrangements
Alternative assessment of charges – qualifying collective money purchase schemes
Member agreement for services
Charge limits adjustment
Non-contributing members
Payments to advisers
Relevant information
Member agreement for payments to advisers
Amendment of the Stakeholder Pension Schemes Regulations 2000
Amendments of other regulations
Early exit charges
Limits on early exit charges
Conflicting contract terms
Relevant information
Part 3
Browse 10 other sections in this Part — procedural / definitional / commencement
Definition of “relevant scheme”
Appointment of service providers
Appointment of chair of trustees or managers
Annual statement regarding governance
Requirements for processing financial transactions
Assessment of charges and costs
Requirements relating to default arrangement
Definition of “relevant multi-employer scheme”
Additional requirements for relevant multi-employer schemes
Administration Regulations: further amendment
Part 4 — COMPLIANCE
Browse 10 other sections in this Part — procedural / definitional / commencement
Amendment of the Register of Occupational and Personal Pension Schemes Regulations 2005
Amendment of section 13 of the Pensions Act 2004
Compliance notices
Third party compliance notices
Penalty notices
Penalty notices: recovery
Penalty notices: recovery from bodies corporate and Scottish partnerships
Review of penalty notices
References to First-Tier Tribunal or Upper Tribunal
Service of notices
Official guidance
Authoritative sources published by regulators or government explaining this legislation.
- Enforcement procedures: overview (opens in a new tab) from TPR Detailed Guidance
- Enforcement options (opens in a new tab) from TPR Detailed Guidance
- Monetary penalties policy (opens in a new tab) from TPR Detailed Guidance
- The Dunnes Stores (Bangor) Limited Management Pension Scheme: Determination notice (opens in a new tab) from TPR Detailed Guidance
- NOW: Pensions Trust: Determination notice (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
Find other UK business legislation with related guidance.
Regulators
Learn more about the bodies that enforce this legislation.