UK Statutory Instrument SI 2025/1313 United Kingdom

The Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated 1 of 42 obligations carry a criminal penalty. 41 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Trustee24 Any Person4 Employer1 Operator1 Applicant1

Plus 11 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 120 other Acts
Charities Act 2011 27 duties
Any Person — also bound by 2684 other Acts
Employer — also bound by 701 other Acts
TULRCA 1992 72 duties
Operator — also bound by 803 other Acts
Applicant — also bound by 325 other Acts

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.

s.028 Schemes divided into sections Regulated
  • Choose which section of a divided scheme keeps authorisation and notify the Pensions RegulatorTrustee
s.030 Application for authorisation: fee Regulated
  • Pay £77,000 authorisation fee for unconnected multiple employer pension schemeApplicant
s.031 Fit and proper persons requirement Regulated
Other duties (1) — Crown / regulator
  • Pensions Regulator must assess fit and proper persons for collective money purchase schemesStatutory regulator
s.032 Scheme design requirement Regulated
Other duties (1) — Crown / regulator
  • Pensions Regulator must consider Schedule 2 matters when assessing scheme designStatutory regulator
s.033 Viability report Regulated
  • Trustees must prepare and submit viability report with required contentTrustee
s.034 Viability certificate Regulated
  • Scheme actuary must prepare viability certificate and confirm scheme design is soundAny Person
s.035 Financial sustainability requirement Regulated
Other duties (1) — Crown / regulator
  • Pensions Regulator must assess scheme financial sustainability using Schedule 3 factorsStatutory regulator
s.036 Communication requirement Regulated
Other duties (1) — Crown / regulator
  • Pensions Regulator must apply Schedule 4 when assessing communication systemsStatutory regulator
s.037 Systems and processes requirement Regulated
Other duties (1) — Crown / regulator
  • Pensions Regulator must use Schedule 5 criteria when assessing scheme systemsStatutory regulator
s.038 Continuity strategy: contents Regulated
  • Prepare a continuity strategy containing all prescribed contentTrustee
s.040 Calculation of benefits Regulated
  • Trustees must calculate benefits using statutory assumptionsTrustee
s.041 Advice of scheme actuary Regulated
  • Scheme actuary must have regard to relevant published guidance when advising trusteesAny Person
s.042 Actuarial valuations Regulated
  • Get actuarial valuations and send them to the Pensions RegulatorTrustee
s.043 Reporting requirements relating to benefit adjustments Regulated
  • Prepare benefit adjustment report with required detailsTrustee
s.044 Powers of the Pensions Regulator Regulated
Other duties (1) — Crown / regulator
  • Pensions Regulator must explain reasons for issuing directionStatutory regulator
s.046 Significant events Regulated
  • Notify Pensions Regulator of significant events and provide further detailsAny Person
s.047 Risk notices Regulated
  • Meet TPR risk-notice deadlines and submit progress reportsTrustee
s.048 Triggering events: notification requirements Regulated
  • Notify employers and scheme proprietor when a triggering event occursTrustee
s.049 Implementation strategy: approval Regulated
  • Submit implementation strategy to Pensions Regulator within 28 daysTrustee
s.050 Implementation strategy: charges Regulated
  • Cap pension scheme administration charges during triggering event periodTrustee
s.051 Implementation strategy: content Regulated
  • Prepare and share implementation strategy after pension scheme triggering eventTrustee
s.053 Continuity option 2: resolving the triggering event Regulated
  • Notify Pensions Regulator when a triggering event is resolvedTrustee
s.054 Continuity option 3: conversion to closed scheme Regulated
  • Notify Pensions Regulator within 28 days of scheme conversion preparations being completeTrustee
s.055 Periodic reporting requirement Regulated
  • Submit periodic reports to the Pensions RegulatorTrustee
58 other provisions — procedural and definitional
s.001 Citation, extent and commencement
s.002 Amendment of the Pension Schemes Act 2021
s.003 Extension of definition of qualifying schemes
s.004 Application for authorisation: unconnected multiple employer schemes
s.005 Authorisation criteria: unconnected multiple employer schemes
s.006 Commencement of operation of an unconnected multiple employer scheme
s.007 Fit and proper persons requirement: unconnected multiple employer schemes
s.008 Viability report: unconnected multiple employer schemes
s.009 Financial sustainability requirement - business strategy: unconnected multiple employer schemes
s.010 Financial sustainability, scheme proprietor and promotion or marketing requirements: unconnected multiple employer schemes
s.011 Continuity strategy requirement - scheme proprietor: unconnected multiple employer schemes
s.012 Ability to pursue continuity option 3: unconnected multiple employer schemes
s.013 Requirement to submit annual accounts: unconnected multiple employer schemes
s.014 Notification of significant events: unconnected multiple employer schemes
s.015 Risk notices - scheme proprietor: unconnected multiple employer schemes
s.016 Triggering events and related amendments: unconnected multiple employer schemes
s.017 References to relevant former employers
s.018 Notification of triggering events: unconnected multiple employer schemes
s.019 Approval of implementation strategy: unconnected multiple employer schemes
s.020 Powers to extend definition of qualifying schemes: regulations about unconnected multiple employer schemes
s.021 Interpretation of Part 1 of the Pension Schemes Act 2021
s.022 Index of defined expressions
s.023 New Schedules - scheme proprietor accounts etc, business strategy, business plan and promotion or marketing: unconnected multiple employer schemes
s.024 Connected employers
s.025 Application
s.026 Interpretation and notices
s.027 Qualifying schemes
s.029 Application for authorisation: contents
s.039 Continuity strategy: administration charges
s.045 Supervisory return: contents
s.052 Continuity option 1: discharge of liabilities and winding up
s.056 Pause orders
s.057 Administration charges during a triggering event period
s.058 Amendment of the Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022
s.059 Application
s.060 Amendment of regulation 2: interpretation and notices
s.061 Omission of regulation 3
s.062 Amendment of regulation 4: qualifying schemes
s.063 Amendment of regulation 5: schemes divided into sections
s.064 Amendment of regulation 6: authorisation - contents
s.065 Amendment of regulation 8: fit and proper persons requirement
s.066 Amendment of regulation 10: viability report
s.067 Amendment of regulation 11: viability certificate
s.068 Amendment of regulation 17: calculation of benefits
s.069 Amendment of regulation 18: advice of scheme actuary
s.070 Amendment of regulation 19: actuarial valuations
s.071 Amendment of regulation 21: powers of the Regulator
s.072 Amendment of regulation 25: triggering events: notification requirements
s.073 Amendment of Schedule 1: fit and proper persons requirement
s.074 Amendment of Schedule 2: scheme design requirement
s.075 Amendment of Schedule 3: financial sustainability requirement
s.076 Amendment of Schedule 5: systems and processes requirement
s.077 Amendment of Schedule 6: continuity option 1 - transfer out and winding up
s.078 Amendment of the Pension Schemes Act 1993
s.079 Amendment of the Pensions Act 1995
s.080 Amendment of the Pensions Act 2004
s.081 Amendment of the Pension Schemes Act 2017
s.082 Collective money purchase schemes - amendments to secondary legislation
Schedules

Schedules

18 of 66 shown
s.sch001 The matters that the Pensions Regulator must take into account... Regulated
Other duties (1) — Crown / regulator
  • Pensions Regulator must consider specified conduct and history in fit-and-proper assessmentsStatutory regulator
s.sch001 In assessing whether a person is a fit and proper... Regulated
Other duties (1) — Crown / regulator
  • Pensions Regulator must weigh experience, training and collective expertise in fit-and-proper checksStatutory regulator
s.sch002 The Pensions Regulator must take into account the following matters... Regulated
Other duties (1) — Crown / regulator
  • Pensions Regulator must weigh specified factors before approving scheme designStatutory regulator
s.sch002 The explanation required by paragraph 8(1) must include an explanation... Regulated
  • Trustees must explain why scheme rules meet benefit calculation requirementsTrustee
s.sch003 The Pensions Regulator must take account of the following matters... Regulated
Other duties (1) — Crown / regulator
  • Pensions Regulator must assess financial sustainability before approving unconnected schemesStatutory regulator
s.sch003 The Pensions Regulator must take account of the following matters... Regulated
Other duties (1) — Crown / regulator
  • Pensions Regulator must assess scheme finances against listed factorsStatutory regulator
s.sch003 An unconnected multiple employer scheme must meet the following requirements... Regulated
  • Keep scheme financing assets to Code and get funding commitments in writingEmployer
s.sch004 Member engagement Regulated
  • Maintain member feedback systems for scheme communicationsOperator
s.sch006 Trustees’ notice to employers Regulated
  • Trustees must send employers notice about default discharge optionsTrustee
s.sch006 Notice to receiving scheme Regulated
  • Notify receiving pension scheme of default discharge optionTrustee
s.sch006 Trustees’ first notice to beneficiaries in respect of discharge options Regulated
  • Trustees must send first discharge options notice to beneficiariesTrustee
s.sch006 Trustees’ second notice to beneficiaries in respect of discharge options Regulated
  • Trustees must send second notice to beneficiaries with discharge optionsTrustee
s.sch006 Notice of expected discharge time Regulated
  • Send notice of expected discharge time to beneficiaries and employersTrustee
s.sch006 Trustees’ duty to transfer Regulated
  • Arrange discharge of accrued benefits and notify beneficiariesTrustee
s.sch006 Administration charges Regulated
  • File administration charges document with Pensions RegulatorTrustee
s.sch006 Winding up Regulated
  • Trustees must wind up scheme after discharging members' benefitsTrustee
s.sch006 Civil penalties Regulated
  • Fail to comply with collective money purchase scheme requirementsAny Person
s.sch006 Periodic income Regulated
  • Pay periodic income to pensioner beneficiaries during winding-upTrustee
48 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 A statement, signed by the scheme actuary, confirming that—
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 A statement, signed by the trustees, confirming that—
s.sch002 Where the viability report is required to be provided to...
s.sch002 A statement, signed by the scheme actuary, confirming that, to...
s.sch002 The name of the scheme in respect of which the...
s.sch002 (1) An explanation of— (a) the design of the scheme;...
s.sch003 The other information to be included in an application, in...
s.sch004 In this Schedule— “relevant functions” are— the development, production, provision...
s.sch004 Functionality, quality and maintenance of IT systems
s.sch004 Resource planning
s.sch004 Quality assurance
s.sch005 Features and functionality of IT systems
s.sch005 Resource planning
s.sch005 Investments
s.sch005 Valuation and benefit adjustment
s.sch005 Member engagement
s.sch005 Standards required of IT systems
s.sch005 Maintenance of IT systems
s.sch005 Member records
s.sch005 Trustees and others
s.sch005 Contracts and service providers
s.sch005 Governance
s.sch005 Risk management
s.sch005 Security
s.sch006 Interpretation and notices
s.sch006 Beneficiaries’ response to trustees
s.sch006 Trustees’ powers
s.sch006 Trustee discharge
s.sch006 Alternative ways of discharging the scheme’s liability
s.sch006 Regulator’s power to direct
s.sch006 Requirements of rules of scheme
s.sch006 Winding-up commencement time
s.sch006 Quantification of the value of beneficiaries’ accrued rights to benefits
s.sch006 Winding-up period
s.sch006 Information about periodic income
s.sch006 Scheme to continue to be a collective money purchase scheme during winding-up
s.sch007 Amendment of the Occupational Pension Schemes (Preservation of Benefit) Regulations 1991
s.sch007 Amendment of the Occupational Pension Schemes (Transfer Values) Regulations 1996
s.sch007 Amendment of the Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations 1997
s.sch007 Amendment of the Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006
s.sch007 Amendment of the Occupational Pension Schemes (Modification of Schemes) Regulations 2006
s.sch007 Amendment of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013

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