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Pension Schemes Act 2021

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Changes over time for: Section 30

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Version Superseded: 01/08/2022

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Point in time view as at 11/02/2021. This version of this provision has been superseded. Help about Status

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There are currently no known outstanding effects for the Pension Schemes Act 2021, Section 30. Help about Changes to Legislation

30Withdrawal of authorisationE+W+S

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(1)If the Pensions Regulator stops being satisfied that an authorised collective money purchase scheme meets the authorisation criteria, it may decide to withdraw the scheme's authorisation.

(2)A warning notice under the standard procedure or a determination notice under the special procedure given in relation to a decision under subsection (1) must—

(a)explain that the issue of the notice is a triggering event (see section 31), and

(b)include an explanation of the trustees' duties under sections 31 to 45.

(3)On withdrawal of a scheme's authorisation, the Pensions Regulator must—

(a)notify the trustees that the scheme is no longer authorised, and

(b)remove the scheme from the list of authorised collective money purchase schemes.

(4)In this Part—

  • determination notice” has the meaning given in section 98(2)(a) of the Pensions Act 2004;

  • special procedure” has the meaning given in section 98 of that Act;

  • standard procedure” has the meaning given in section 96 of that Act;

  • warning notice” has the meaning given in section 96(2)(a) of that Act.

Commencement Information

I1S. 30 in force at Royal Assent for specified purposes, see s. 131(3)(a)

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