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SCHEDULES

SCHEDULE 3E+W+SCollective money purchase benefits: minor and consequential amendments

Pensions Act 2004 (c. 35)E+W+S

21E+W+SIn Schedule 2 (the reserved regulatory functions), after Part 4A insert—

PART 4B E+W+SFunctions under Part 1 of the Pension Schemes Act 2021

44HThe power to give a direction under section 23(2) (direction to obtain actuarial valuation or take other steps to remedy or mitigate failure in relation to a collective money purchase scheme).

44IThe power to give a direction under section 29(6) (direction to implement proposals in a resolution plan).

44JThe power under section 30 to withdraw authorisation of a collective money purchase scheme.

44KThe power to give a direction under section 41(4) (direction to pursue a continuity option).

44LThe power to make a pause order under section 44.

44MThe power to make an order under paragraph 2(2) of Schedule 2 extending the period for which a pause order has effect.

44NThe power to make an order under paragraph 3 of Schedule 2 validating action taken in contravention of a pause order.

44OThe power to make an order under paragraph 4(3) of Schedule 2 directing the notification of members or employers.

Commencement Information

I1Sch. 3 para. 21 in force at Royal Assent for specified purposes, see s. 131(3)(a)