PART 3E+W+SGeneral changes to legislation about pension schemes
Administration and governanceE+W+S
Prospective
F136Pensions promise obtained from third partyE+W+S
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Textual Amendments
F1S. 36 omitted (1.8.2022) by virtue of Pension Schemes Act 2021 (c. 1), ss. 128(c), 131(1); S.I. 2022/721, regs. 1(2), 3(e)
Prospective
F237Duty to act in the best interests of membersE+W+S
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Textual Amendments
F2S. 37 omitted (1.8.2022) by virtue of Pension Schemes Act 2021 (c. 1), ss. 128(c), 131(1); S.I. 2022/721, regs. 1(2), 3(e)
38Disclosure of information about schemesE+W+S
(1)Section 113 of the Pension Schemes Act 1993 (disclosure of information about schemes to members etc) is amended as follows.
F3(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F4(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)Before subsection (3) insert—
“(2A)In complying with requirements specified in the regulations, a person must have regard to any guidance prepared from time to time by the Secretary of State.”
F5(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F5(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F5(7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F3S. 38(2) omitted (1.8.2022) by virtue of Pension Schemes Act 2021 (c. 1), ss. 128(c), 131(1); S.I. 2022/721, regs. 1(2), 3(e)
F4S. 38(3) omitted (1.8.2022) by virtue of Pension Schemes Act 2021 (c. 1), ss. 128(c), 131(1); S.I. 2022/721, regs. 1(2), 3(e)
F5S. 38(5)-(7) omitted (1.8.2022) by virtue of Pension Schemes Act 2021 (c. 1), ss. 128(c), 131(1); S.I. 2022/721, regs. 1(2), 3(e)
Commencement Information
I1S. 38(1)(4) in force at 18.9.2017 by S.I. 2017/916, reg. 3
Prospective
Early leaversE+W+S
F639Extension of preservation of benefit under occupational pension schemesE+W+S
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Textual Amendments
F6Ss. 39-45 omitted (1.8.2022 for specified purposes) by virtue of Pension Schemes Act 2021 (c. 1), ss. 128(c), 131(1); S.I. 2022/721, regs. 1(2), 3(e)
F640Revaluation of accrued benefitsE+W+S
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Textual Amendments
F6Ss. 39-45 omitted (1.8.2022 for specified purposes) by virtue of Pension Schemes Act 2021 (c. 1), ss. 128(c), 131(1); S.I. 2022/721, regs. 1(2), 3(e)
Prospective
IndexationE+W+S
F641Collective benefits exempt from indexationE+W+S
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Textual Amendments
F6Ss. 39-45 omitted (1.8.2022 for specified purposes) by virtue of Pension Schemes Act 2021 (c. 1), ss. 128(c), 131(1); S.I. 2022/721, regs. 1(2), 3(e)
F642Regulatory own fund schemes exempt from indexationE+W+S
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Textual Amendments
F6Ss. 39-45 omitted (1.8.2022 for specified purposes) by virtue of Pension Schemes Act 2021 (c. 1), ss. 128(c), 131(1); S.I. 2022/721, regs. 1(2), 3(e)
F643Power to create other exemptions from indexationE+W+S
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Textual Amendments
F6Ss. 39-45 omitted (1.8.2022 for specified purposes) by virtue of Pension Schemes Act 2021 (c. 1), ss. 128(c), 131(1); S.I. 2022/721, regs. 1(2), 3(e)
Prospective
Independent trusteesE+W+S
F644Removal of requirement to maintain register of independent trusteesE+W+S
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Textual Amendments
F6Ss. 39-45 omitted (1.8.2022 for specified purposes) by virtue of Pension Schemes Act 2021 (c. 1), ss. 128(c), 131(1); S.I. 2022/721, regs. 1(2), 3(e)
Prospective
Rules about modification of schemesE+W+S
F645Rules about modification of schemesE+W+S
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Textual Amendments
F6Ss. 39-45 omitted (1.8.2022 for specified purposes) by virtue of Pension Schemes Act 2021 (c. 1), ss. 128(c), 131(1); S.I. 2022/721, regs. 1(2), 3(e)
Other amendmentsE+W+S
46Other amendments to do with Parts 1 and 2E+W+S
Schedule 2—
(a)contains amendments to do with Parts 1 and 2, and
(b)replaces references to “money purchase scheme” so as to limit the number of different ways of categorising pension schemes.
Commencement Information
I2S. 46 partly in force; s. 46 in force for specified purposes at 6.4.2015, see s. 89(3)(a)