| Guvnor

Status: In Force
Penalty ceiling: Regulated 1 of 67 obligations carry a criminal penalty. 66 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Trustee40 Any Person6 Operator4 Employer2 Applicant1

Plus 14 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

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

Trustee — also bound by 104 other Acts

The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 79 duties

Charities Act 2011 27 duties

Charities Act (Northern Ireland) 2008 22 duties

Insolvency (England and Wales) Rules 2016 21 duties

The Pensions (Northern Ireland) Order 1995 20 duties

Any Person — also bound by 2340 other Acts

Human Medicines Regulations 2012 184 duties

Merchant Shipping Act 1995 144 duties

Insolvency (England and Wales) Rules 2016 104 duties

Communications Act 2003 92 duties

Road Traffic Act 1988 92 duties

Operator — also bound by 746 other Acts

Regulation (EU) No 965/2012 (Air Operations) 203 duties

Commission Implementing Regulation (EU) 2018/2066 of 19 December 2018 on the monitoring and reporting of greenhouse gas emissions pursuant to Directive 2003/87/EC of the European Parliament and of the Council and amending Commission Regulation (EU) No 601/2012 (Text with EEA relevance) 121 duties

Commission Regulation (EU) No 601/2012 of 21 June 2012 on the monitoring and reporting of greenhouse gas emissions pursuant to Directive 2003/87/EC of the European Parliament and of the Council (Text with EEA relevance) (repealed) 112 duties

Space Industry Regulations 2021 76 duties

Regulation (EU) 2016/429 of the European Parliament and of the Council of 9 March 2016 on transmissible animal diseases and amending and repealing certain acts in the area of animal health (‘Animal Health Law’) (Text with EEA relevance) 66 duties

Employer — also bound by 682 other Acts

The Income Tax (Pay As You Earn) Regulations 2003 241 duties

Provision and Use of Work Equipment Regulations 1998 120 duties

TULRCA 1992 72 duties

Income Tax (Earnings and Pensions) Act 2003 54 duties

Employment Rights (Northern Ireland) Order 1996 (current NI employment law) 53 duties

Applicant — also bound by 307 other Acts

Insolvency (England and Wales) Rules 2016 46 duties

Human Medicines Regulations 2012 42 duties

The Land Registration Rules 2003 25 duties

Regulation (EU) No 1178/2011 (Aircrew) 20 duties

Value Added Tax Regulations 1995 18 duties

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 provisions

0 of 3 sections shown

3 other sections in this Part — procedural and definitional

s.001 Citation, extent and commencement

s.002 Interpretation and notices

s.003 Connected employers

Part 2

Schemes divided into sections

0 of 2 sections shown

2 other sections in this Part — procedural and definitional

s.004 Qualifying schemes

s.005 Schemes divided into sections

Part 3

Authorisation

10 of 11 sections shown

s.006 Authorisation: contents Regulated

Provide all required information in authorisation application for a collective money purchase pension schemeTrustee

s.007 Application for authorisation: fee Regulated

Pay the correct fee when applying for collective money purchase scheme authorisationApplicant

s.008 Fit and proper persons requirement Regulated

Other duties (1) — Crown / regulator

Regulator must assess fit and proper persons for collective money purchase schemesStatutory regulator

s.009 Scheme design requirement Regulated

Other duties (1) — Crown / regulator

Regulator must consider scheme design criteria for collective money purchase schemesStatutory regulator

s.010 Viability report Regulated

Prepare and submit viability report for your collective money purchase schemeTrustee

s.011 Viability certificate Regulated

Get a viability certificate from your scheme actuaryTrustee

s.012 Financial sustainability requirement Regulated

Meet financing requirements in Schedule 3 Part 3 for your collective money purchase schemeAny Person

s.013 Communication requirement Regulated

Other duties (1) — Crown / regulator

Regulator must consider Schedule 4 matters when assessing scheme communication adequacyStatutory regulator

s.014 Systems and processes requirement Regulated

Other duties (1) — Crown / regulator

Regulator must consider Schedule 5 matters when assessing systems and processesStatutory regulator

s.015 Continuity strategy: contents Regulated

Prepare a written continuity strategy for your collective money purchase schemeTrustee

1 other section in this Part — procedural and definitional

s.016 Continuity strategy: administration charges

Part 4

Valuation and benefit adjustment

4 of 5 sections shown

s.018 Advice of scheme actuary Regulated

Follow published guidance when advising on benefit calculationsAny Person

s.019 Actuarial valuations Regulated

Obtain annual actuarial valuations and submit to the Pensions RegulatorTrustee

s.020 Reporting requirements relating to benefit adjustments Regulated

Report benefit adjustments that deviate from actuarial valuation or scheme rulesAny Person

s.021 Powers of the Regulator Regulated

Other duties (1) — Crown / regulator

Regulator must set out reasons and timetable in directionsStatutory regulator

1 other section in this Part — procedural and definitional

s.017 Calculation of benefits

Part 5

Ongoing supervision

2 of 3 sections shown

s.023 Significant events Regulated

Notify the Pensions Regulator of significant scheme eventsAny Person

s.024 Risk notices Regulated

Submit progress report within 14 days of Regulator notificationTrustee

1 other section in this Part — procedural and definitional

s.022 Supervisory return: contents

Part 6

Triggering events and continuity options

7 of 10 sections shown

s.025 Triggering events: notification requirements Regulated

Notify The Pensions Regulator and trustees of triggering events within deadlinesEmployer

s.026 Implementation strategy: approval Regulated

Submit implementation strategy to the Pensions Regulator for approval within 28 days of triggering eventTrustee

s.027 Implementation strategy: charges Regulated

Include admin charge levels in strategy and freeze charges during triggering eventTrustee

s.028 Implementation strategy: content Regulated

Prepare and share an implementation strategy for a pension continuity optionTrustee

s.029 Continuity option 1: discharge of liabilities and winding up Regulated

Trustees must apply Schedule 6 rules when winding up a collective schemeTrustee

s.030 Continuity option 2: resolving the triggering event Regulated

Notify Pensions Regulator that a triggering event has been resolvedTrustee

s.031 Continuity option 3: conversion to closed scheme Regulated

Notify TPR of conversion to closed scheme within 28 days of preparations completeTrustee

3 other sections in this Part — procedural and definitional

s.032 Periodic reporting requirement

s.033 Pause orders

s.034 Administration charges during a triggering event period

Part 7

Collective money purchase benefits – amendments to secondary legislation

0 of 1 section shown

1 other section in this Part — procedural and definitional

s.035 Collective money purchase benefits – amendments to secondary legislation

Schedules

44 of 85 shown

s.sch001 For the purposes of section 11(3)(a) of the Act (fit... Regulated

Other duties (1) — Crown / regulator

Regulator must check bankruptcy, director disqualification and criminal records for fit and proper testStatutory regulator

s.sch001 For the purposes of section 11(3)(a) of the Act, the... Regulated

Other duties (1) — Crown / regulator

Regulator must consider trustee experience, training and collective expertise in fit and proper assessmentsStatutory regulator

s.sch002 The Regulator must take into account the following matters in... Regulated

Other duties (1) — Crown / regulator

The Pensions Regulator must assess collective money purchase scheme designStatutory regulator

s.sch002 The viability certificate must contain the information set out in... Regulated

Viability certificate must include required informationOperator

s.sch002 A statement, signed by the scheme actuary, confirming that— Regulated

Include signed actuary statement in viability reportAny Person

s.sch002 A viability report must include the information set out in... Regulated

Include required information in the viability reportTrustee

s.sch002 A statement, signed by the trustees confirming that— Regulated

Trustees must sign statement confirming scheme design and viability reportTrustee

s.sch002 A statement, signed by the scheme actuary, confirming that, to... Regulated

Provide scheme actuary's signed confirmation of viability report's actuarial accuracyTrustee

s.sch002 (1) An explanation of— (a) the design of the scheme;... Regulated

Provide explanation of pension scheme design and soundness in applicationTrustee

s.sch002 The explanation required by paragraph 8(1) must include— Regulated

Include required explanations in your collective money purchase scheme applicationTrustee

s.sch003 The other information to be included in an application, in... Regulated

Include financial sustainability information in application for collective money purchase schemeTrustee

s.sch003 The Regulator must take account of the following matters in... Regulated

Other duties (1) — Crown / regulator

The Pensions Regulator must check scheme finances against these criteriaStatutory regulator

s.sch003 The Regulator must take account of the following matters in... Regulated

Other duties (1) — Crown / regulator

Pensions Regulator must assess financial adequacy of collective pension schemesStatutory regulator

s.sch003 A collective money purchase scheme must meet the following requirements... Regulated

Ensure scheme financing meets asset and funding requirementsTrustee

s.sch004 The matters that the Regulator must take into account in... Regulated

Other duties (1) — Crown / regulator

Regulator must consider specified matters when assessing scheme communication systemsStatutory regulator

s.sch004 Whether the IT systems used for the purposes of carrying... Regulated

Other duties (1) — Crown / regulator

Regulator must assess scheme IT systems for capacity, security, and resilienceStatutory regulator

s.sch004 Whether there are systems and processes for ensuring that there... Regulated

Ensure adequate skilled staff for scheme communicationsTrustee

s.sch004 Whether there are systems and processes— (a) for assessing and... Regulated

Establish systems and processes for pension scheme communicationsTrustee

s.sch005 The matters that the Regulator must take into account in... Regulated

Other duties (1) — Crown / regulator

Regulator must consider specific matters when assessing scheme systemsStatutory regulator

s.sch005 Whether there are systems and processes— (a) for preventing unauthorised... Regulated

Other duties (1) — Crown / regulator

Regulator must assess security systems of collective money purchase schemesStatutory regulator

s.sch005 Whether there are systems and processes for ensuring that there... Regulated

Ensure your collective money purchase scheme has enough skilled staffOperator

s.sch005 Whether there are systems and processes— (a) for ensuring that... Regulated

Set up systems to check pension scheme rules, actuary advice and valuationsTrustee

s.sch005 Whether the IT systems— (a) are maintained at regular intervals,... Regulated

Maintain, back up and monitor your pension scheme IT systemsOperator

s.sch005 Whether the scheme’s systems and processes ensure that— Regulated

Maintain accurate member records and contribution tracking for collective money purchase pension schemesEmployer

s.sch005 Whether there are systems and processes— (a) for establishing that... Regulated

Set up systems to check and manage your pension scheme's service providersTrustee

s.sch005 Whether there are systems and processes— (a) for the identification... Regulated

Set up and maintain governance systems for your collective money purchase pension schemeOperator

s.sch005 Whether there are systems and processes— (a) for identifying, managing... Regulated

Implement risk management systems and processes for the pension schemeTrustee

s.sch006 (1) The trustees of a collective money purchase scheme that... Regulated

Trustees must notify employers of default discharge optionsTrustee

s.sch006 (1) The trustees of a collective money purchase scheme that... Regulated

Send default discharge transfer notice to receiving pension schemeTrustee

s.sch006 (1) The trustees of a collective money purchase scheme that... Regulated

Send notice to beneficiaries with discharge option details within 14 daysTrustee

s.sch006 (1) The trustees of a collective money purchase scheme that... Regulated

Send second continuity notice to scheme beneficiaries with discharge detailsTrustee

s.sch006 (1) A beneficiary who has received notice from the trustees... Regulated

Give notice to trustees within 3 months to discharge pension benefitsTrustee

s.sch006 Not less than one month before the date of the... Regulated

Trustees must notify beneficiaries and employers of expected discharge timeTrustee

s.sch006 (1) If the trustees of a collective money purchase scheme... Regulated

Arrange discharge of beneficiary's accrued rights and notify themTrustee

s.sch006 (1) This paragraph applies to the trustees or managers of... Regulated

Provide administration charges document to The Pensions RegulatorTrustee

s.sch006 As soon as practicable after the trustees of a collective... Regulated

Trustees must wind up the scheme after discharging liabilitiesTrustee

s.sch006 (1) The Regulator may direct the trustees of a collective... Regulated

Comply with The Pensions Regulator's directions under continuity option 1Trustee

s.sch006 Section 10 of the 1995 Act (civil penalties) applies to... Regulated

Fail to comply with collective money purchase scheme requirementsAny Person

s.sch006 (1) The rules of a collective money purchase scheme must... Regulated

Include continuity option 1 winding-up provisions in scheme rulesTrustee

s.sch006 (1) The quantification of the value of each beneficiary’s accrued... Regulated

Value members' accrued benefits during scheme winding-upTrustee

s.sch006 (1) Where a person was a pensioner beneficiary of the... Regulated

Trustees must continue paying periodic income to pensioner beneficiaries during scheme wind-upTrustee

s.sch006 (1) The information mentioned in sub-paragraph (2) must be given... Regulated

Provide winding-up information to pension scheme beneficiariesTrustee

s.sch007 After regulation 7 (assessment of charges) insert— Assessment of charges... Regulated

Assess pension charges using members' rights values at least quarterlyTrustee

s.sch007 After regulation 8 (alternative assessment of charges) insert— Alternative assessment... Regulated

Trustees must ensure charges stay within permitted limits under alternative assessmentTrustee

41 other schedules

s.sch001 (1) In this Schedule— “arrangement” means a voluntary arrangement entered...

s.sch002 The date which has been agreed in respect of the...

s.sch002 The name and contact details of the scheme actuary.

s.sch002 The name of the scheme in respect of which the...

s.sch002 The date which has been chosen in respect of the...

s.sch002 The name and contact details of the person to be...

s.sch002 The name of the scheme in respect of which the...

s.sch004 In this Schedule— “scheme communication” means a notification, notice, document,...

s.sch004 Whether there are systems and processes— (a) for gathering feedback...

s.sch005 Whether there are systems and processes— (a) for investing contributions...

s.sch005 Whether there are systems and processes— (a) for facilitating members’...

s.sch005 Whether the IT systems have the capacity and capability—

s.sch005 Whether the IT systems— (a) are capable of being upgraded...

s.sch005 Whether there are systems and processes— (a) for the fair...

s.sch006 (1) In this Schedule— “arrangement” has the meaning given in...

s.sch006 (1) This paragraph applies where the trustees of a collective...

s.sch006 Where the trustees of a collective money purchase scheme that...

s.sch006 (1) For the purposes of section 36(2)(b) of the Act...

s.sch006 (1) Where the trustees of a collective money purchase scheme...

s.sch006 (1) Subject to sub-paragraph (5), no new members may be...

s.sch006 (1) A “collective money purchase scheme” for the purposes of...

s.sch007 Amendments to the Occupational Pension Schemes (Scheme Administration) Regulations 1996

s.sch007 After regulation 5 (prohibited charge structures), insert— Prohibited charge structures...

s.sch007 In the heading to regulation 6 (limits on charges), after...

s.sch007 After regulation 6 (limits on charges) insert— Limits on charges...

s.sch007 In the heading to regulation 7 (assessment of charges), after...

s.sch007 In the heading to regulation 8 (alternative assessment of charges)...

s.sch007 (1) Regulation 9 (member agreement for services) is amended as...

s.sch007 In paragraph (1) of regulation 10 (charge limits adjustment), after...

s.sch007 In paragraph (5) of regulation 11 (non-contributing members), in the...

s.sch007 Amendment of the Occupational and Personal Pension Schemes (Automatic Enrolment) Regulations 2010

s.sch007 (1) Regulation 11A (payments to advisers) is amended as follows....

s.sch007 In regulation 11B (relevant information), after paragraph (7) insert—

s.sch007 For paragraph (5) of regulation 11C (member agreement for payments...

s.sch007 Amendments to the Occupational Pension Schemes (Charges and Governance) Regulations 2015

s.sch007 (1) Regulation 2 (interpretation) is amended as follows.

s.sch007 In regulation 3 (default arrangement), in paragraph (9), at the...

s.sch007 After regulation 3, insert— Qualifying collective money purchase schemes (1) A relevant scheme is a “qualifying collective money purchase...

s.sch007 In the heading to Chapter 1 of Part 2 (default...

s.sch007 (1) Regulation 4 (restrictions on charges) is amended as follows....

s.sch007 In the heading to regulation 5 (prohibited charge structures), after...

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.

The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022

Does it bind you?

Other Acts binding the same actors

What it requires

Preliminary provisions

Schemes divided into sections

Authorisation

Valuation and benefit adjustment

Ongoing supervision

Triggering events and continuity options

Collective money purchase benefits – amendments to secondary legislation

Schedules