UK Statutory Instrument
2025
United Kingdom
The Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025
At a glance
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 66 other Schedules — structural / supplementary
The matters that the Pensions Regulator must take into account...
In assessing whether a person is a fit and proper...
The Pensions Regulator must take into account the following matters...
The date which has been agreed in respect of the...
The name and contact details of the scheme actuary.
The name of the scheme in respect of which the...
A statement, signed by the scheme actuary, confirming that—
The date which has been chosen in respect of the...
The name and contact details of the person to be...
A statement, signed by the trustees, confirming that—
Where the viability report is required to be provided to...
A statement, signed by the scheme actuary, confirming that, to...
The name of the scheme in respect of which the...
(1) An explanation of— (a) the design of the scheme;...
The explanation required by paragraph 8(1) must include an explanation...
The other information to be included in an application, in...
The Pensions Regulator must take account of the following matters...
The Pensions Regulator must take account of the following matters...
An unconnected multiple employer scheme must meet the following requirements...
In this Schedule— “relevant functions” are— the development, production, provision...
Functionality, quality and maintenance of IT systems
Resource planning
Quality assurance
Member engagement
Features and functionality of IT systems
Resource planning
Investments
Valuation and benefit adjustment
Member engagement
Standards required of IT systems
Maintenance of IT systems
Member records
Trustees and others
Contracts and service providers
Governance
Risk management
Security
Interpretation and notices
Trustees’ notice to employers
Notice to receiving scheme
Trustees’ first notice to beneficiaries in respect of discharge options
Trustees’ second notice to beneficiaries in respect of discharge options
Beneficiaries’ response to trustees
Notice of expected discharge time
Trustees’ powers
Trustees’ duty to transfer
Administration charges
Trustee discharge
Alternative ways of discharging the scheme’s liability
Winding up
Regulator’s power to direct
Civil penalties
Requirements of rules of scheme
Winding-up commencement time
Quantification of the value of beneficiaries’ accrued rights to benefits
Winding-up period
Periodic income
Information about periodic income
Scheme to continue to be a collective money purchase scheme during winding-up
Amendment of the Occupational Pension Schemes (Preservation of Benefit) Regulations 1991
Amendment of the Occupational Pension Schemes (Transfer Values) Regulations 1996
Amendment of the Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations 1997
Amendment of the Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006
Amendment of the Occupational Pension Schemes (Modification of Schemes) Regulations 2006
Amendment of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013
Browse 82 other sections — procedural / definitional / commencement
Citation, extent and commencement
Amendment of the Pension Schemes Act 2021
Extension of definition of qualifying schemes
Application for authorisation: unconnected multiple employer schemes
Authorisation criteria: unconnected multiple employer schemes
Commencement of operation of an unconnected multiple employer scheme
Fit and proper persons requirement: unconnected multiple employer schemes
Viability report: unconnected multiple employer schemes
Financial sustainability requirement - business strategy: unconnected multiple employer schemes
Financial sustainability, scheme proprietor and promotion or marketing requirements: unconnected multiple employer schemes
Continuity strategy requirement - scheme proprietor: unconnected multiple employer schemes
Ability to pursue continuity option 3: unconnected multiple employer schemes
Requirement to submit annual accounts: unconnected multiple employer schemes
Notification of significant events: unconnected multiple employer schemes
Risk notices - scheme proprietor: unconnected multiple employer schemes
Triggering events and related amendments: unconnected multiple employer schemes
References to relevant former employers
Notification of triggering events: unconnected multiple employer schemes
Approval of implementation strategy: unconnected multiple employer schemes
Powers to extend definition of qualifying schemes: regulations about unconnected multiple employer schemes
Interpretation of Part 1 of the Pension Schemes Act 2021
Index of defined expressions
New Schedules - scheme proprietor accounts etc, business strategy, business plan and promotion or marketing: unconnected multiple employer schemes
Connected employers
Application
Interpretation and notices
Qualifying schemes
Schemes divided into sections
Application for authorisation: contents
Application for authorisation: fee
Fit and proper persons requirement
Scheme design requirement
Viability report
Viability certificate
Financial sustainability requirement
Communication requirement
Systems and processes requirement
Continuity strategy: contents
Continuity strategy: administration charges
Calculation of benefits
Advice of scheme actuary
Actuarial valuations
Reporting requirements relating to benefit adjustments
Powers of the Pensions Regulator
Supervisory return: contents
Significant events
Risk notices
Triggering events: notification requirements
Implementation strategy: approval
Implementation strategy: charges
Implementation strategy: content
Continuity option 1: discharge of liabilities and winding up
Continuity option 2: resolving the triggering event
Continuity option 3: conversion to closed scheme
Periodic reporting requirement
Pause orders
Administration charges during a triggering event period
Amendment of the Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022
Application
Amendment of regulation 2: interpretation and notices
Omission of regulation 3
Amendment of regulation 4: qualifying schemes
Amendment of regulation 5: schemes divided into sections
Amendment of regulation 6: authorisation - contents
Amendment of regulation 8: fit and proper persons requirement
Amendment of regulation 10: viability report
Amendment of regulation 11: viability certificate
Amendment of regulation 17: calculation of benefits
Amendment of regulation 18: advice of scheme actuary
Amendment of regulation 19: actuarial valuations
Amendment of regulation 21: powers of the Regulator
Amendment of regulation 25: triggering events: notification requirements
Amendment of Schedule 1: fit and proper persons requirement
Amendment of Schedule 2: scheme design requirement
Amendment of Schedule 3: financial sustainability requirement
Amendment of Schedule 5: systems and processes requirement
Amendment of Schedule 6: continuity option 1 - transfer out and winding up
Amendment of the Pension Schemes Act 1993
Amendment of the Pensions Act 1995
Amendment of the Pensions Act 2004
Amendment of the Pension Schemes Act 2017
Collective money purchase schemes - amendments to secondary legislation
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