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The Pensions Dashboards Regulations 2022

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CHAPTER 1E+W+SRequirements relating to cooperation and connection

Cooperation - trustees or managersE+W+S

14.—(1) Subject to paragraph (2), trustees or managers must comply with the requirement specified in paragraph (3) from the day after the date on which these Regulations come into force.

(2) Trustees or managers of a pension scheme which is not covered by [F1regulation 15(1)], but who are granted permission to connect that scheme to the Money and Pensions Service on a voluntary basis under regulation 16(1)(b), must comply with the requirement specified in paragraph (3) from the day after the date on which that permission is granted.

(3) The requirement is to cooperate with the Money and Pensions Service to assist with the exercise of its functions in relation to pensions dashboard services, including providing information in accordance with service standards and operational standards published from time to time by the Money and Pensions Service.

Textual Amendments

Commencement Information

I1Reg. 14 in force at 12.12.2022, see reg. 1(2)

Connection according to the [F2connection deadline] E+W+S

15.—(1) Trustees or managers of a pension scheme which exists at the reference date and which has 100 or more relevant members at the reference date must—

(a)register the scheme with the Money and Pensions Service, having regard to the guidance referred to in paragraph (2)(d), and

(b)meet the requirements in paragraphs (2), (4) and (5).

(2) Unless a different deadline for connecting to the Money and Pensions Service already applies pursuant to regulation F3... 17, 19 or 20, trustees or managers must connect the pension scheme to the Money and Pensions Service—

F4(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F5(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F6(aa)by no later than the connection deadline;]

(c)in compliance with—

(i)connection and security standards, and

(ii)technical standards,

published from time to time by the Money and Pensions Service;

(d)having regard to guidance on connection issued from time to time by [F7the Secretary of State,] the Money and Pensions Service and the Regulator either separately or [F8by at least two of them] jointly.

F9(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4) Trustees or managers must keep a record of how they have carried out the steps set out in the guidance on connection referred to in paragraph (2)(d), or of alternative steps they have taken in order to comply with the requirements in this Part on connecting their pension scheme to the Money and Pensions Service, for at least 6 years from the end of the scheme year to which they relate.

(5) Trustees or managers must do the following—

(a)notify the Money and Pensions Service without delay of any of the following, in compliance with service standards and operational standards published from time to time by the Money and Pensions Service—

(i)connection state changes, such as downtime (whether scheduled or unscheduled) or maintenance;

(ii)systemic issues, such as cyber-attacks that could affect the security of the dashboards ecosystem;

(b)notify the Money and Pensions Service of any change in connection arrangements.

[F10(6) The connection deadline that applies to a pension scheme under paragraph (2)(aa) remains fixed, unless—

(a)the deadline changes pursuant to regulation 17, 19 or 20, or

(b)all the members of the scheme become pensioner members.]

(7) Once a scheme has connected to the Money and Pensions Service, trustees or managers must use every endeavour to ensure that the scheme remains connected at all times.

Textual Amendments

Commencement Information

I2Reg. 15 in force at 12.12.2022, see reg. 1(2)

F11... Voluntary connectionE+W+S

16.—(1) Where trustees or managers—

F12(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b)wish to connect a pension scheme to the Money and Pensions Service on a voluntary basis in circumstances where the scheme has fewer than 100 relevant members,

they must apply to the Money and Pensions Service for permission for the pension scheme to connect to the Money and Pensions Service F13... on a voluntary basis.

(2) When applying for permission to connect under paragraph (1), trustees or managers must have regard to guidance on F14... voluntary connection issued from time to time by the Money and Pensions Service.

(3) Subject to consultation with the Regulator, except where the Money and Pensions Service and the Regulator agree that such consultation is not needed, the Money and Pensions Service may grant permission for F15... voluntary connection by such a date as the Money and Pensions Service considers appropriate (referred to in this regulation as the “agreed deadline”).

(4) Where permission is granted for F16... voluntary connection under paragraph (3)—

(a)the agreed deadline remains fixed, F17... unless—

(i)permission to defer connection is given under regulation 17, or

(ii)all the members of the scheme become pensioner members [F18.]

F19(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5) Once permission to connect F20... on a voluntary basis has been granted under paragraph (4), trustees or managers must—

(a)register the scheme with the Money and Pensions Service, having regard to the guidance referred to in regulation 15(2)(d);

(b)connect the pension scheme to the Money and Pensions Service [F21by no later than the agreed deadline], in compliance with the standards referred to in regulation 15(2)(c) and having regard to the guidance referred to in regulation 15(2)(d);

(c)meet the requirements in regulation 15(4) and (5).

Textual Amendments

Commencement Information

I3Reg. 16 in force at 12.12.2022, see reg. 1(2)

Deferred connectionE+W+S

17.—(1) Where the trustees or managers wish to defer the [F22connection deadline that applies to a pension scheme by virtue of regulation 15(2)(aa)], they may apply to the Secretary of State for permission to do this if—

F23(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F24(aa)no more than 12 months has passed since the coming into force of regulation 15(2)(aa);]

(b)a deferral has not been permitted in respect of the pension scheme previously [F25.]

F26(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2) If applying to defer the [F27connection deadline] that applies to a pension scheme, trustees or managers must—

F28(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F29(aa)submit evidence to demonstrate that at least one of the following conditions applies—

(i)that before the coming into force of regulation 15(2)(aa), they had embarked on a programme to transfer the data held by the pension scheme to a new administrator;

(ii)that before the coming into force of regulation 15(2)(aa), they had entered into a contract containing an obligation to retender the administration of the scheme, and that the timetable for this is reasonable and conflicts with the connection deadline;]

(b)submit evidence to demonstrate that complying with the [F30connection deadline]—

(i)would be disproportionately burdensome, or

(ii)would put the personal data of members at risk;

(c)set out the steps being taken to ensure that the pension scheme can connect to the Money and Pensions Service at the earliest opportunity.

(3) The Secretary of State, following consultation with the Regulator and with the Money and Pensions Service, may by notice—

(a)grant permission to defer the [F31connection deadline] until such a date within 12 months of the [F31connection deadline] as the Secretary of State considers appropriate (referred to in this regulation as the “agreed deadline”), or

(b)refuse to grant permission to defer the [F31connection deadline].

[F32(4) Where permission is granted to defer the connection deadline under paragraph (3)(a), the agreed deadline remains fixed, unless all the members of the scheme become pensioner members.]

(5) Once permission has been granted to defer the [F33connection deadline] under paragraph (3)(a), trustees or managers must—

(a)register the scheme with the Money and Pensions Service, having regard to the guidance referred to in regulation 15(2)(d);

(b)connect the pension scheme to the Money and Pensions Service [F34by no later than the agreed deadline], in compliance with the standards referred to in regulation 15(2)(c) and having regard to the guidance referred to in regulation 15(2)(d);

(c)meet the requirements in regulation 15(4) and (5).

Textual Amendments

F25Full stop in reg. 17(1)(b) substituted for semicolon (9.8.2023) by The Pensions Dashboards (Amendment) Regulations 2023 (S.I. 2023/858), regs. 1(2), 6(a)(iv)

Commencement Information

I4Reg. 17 in force at 12.12.2022, see reg. 1(2)

[F35Connection for new or growing schemes]E+W+S

18.—(1) If—

[F36(a)a pension scheme does not exist at the reference date or has fewer than 100 relevant members at the reference date, but is established (if it did not exist previously) and has 100 or more relevant members at a scheme year end date on or after 1st April 2024]

(b)the trustees or managers have not been granted permission for the scheme to connect on a voluntary basis under regulation 16,

then the deadline for connecting to the Money and Pensions Service is as provided for in paragraph (2).

(2) The deadline is whichever is the later of the following—

(a)6 months from the end of the scheme year in which the scheme first exists and has 100 or more relevant members, or

(b)the [F37connection deadline that applies to a scheme which is covered by regulation 15(1)].

F38(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F39(4) Once a deadline applies pursuant to paragraph (2), that deadline remains fixed, unless—

(a)permission to defer connection is given under regulation 17, or

(b)all the members of the scheme become pensioner members.]

(5) Trustees or managers must—

(a)register the scheme with the Money and Pensions Service, having regard to the guidance referred to in regulation 15(2)(d);

(b)connect the pension scheme to the Money and Pensions Service [F40by no later than the deadline pursuant to paragraph (2)], in compliance with the standards referred to in regulation 15(2)(c) and having regard to the guidance referred to in regulation 15(2)(d);

(c)meet the requirements in regulation 15(4) and (5).

Textual Amendments

Commencement Information

I5Reg. 18 in force at 12.12.2022, see reg. 1(2)

Connection where these Regulations cease to apply and then apply againE+W+S

19.—(1) Paragraph (2) applies in cases where—

(a)Parts 3 and 4 of these Regulations cease to apply to trustees or managers of a pension scheme, on account of an exception in regulation 3(4)(a), (b) or (c) applying, and

(b)Parts 3 and 4 of these Regulations subsequently apply again to those trustees or managers, on account of an exception in regulation 3(4)(a), (b) or (c) no longer applying (referred to in this regulation as the scheme “coming back into scope of the Regulations”).

(2) On coming back into scope of the Regulations, the deadline for connecting to the Money and Pensions Service is to be whichever is the later of the following—

(a)6 months from the end of the scheme year end in which the scheme comes back into scope, or

(b)the deadline for connecting to the Money and Pensions Service that applied previously, under whichever of regulation 15 to 18 or 20 is relevant in the circumstances.

[F41(3) Once a deadline applies pursuant to paragraph (2), the deadline remains fixed, unless—

(a)permission to defer connection is given under regulation 17 (in which case the rules in that provision apply instead), or

(b)all the members of the scheme become pensioner members.]

(4) Trustees or managers must—

(a)register the scheme with the Money and Pensions Service, having regard to the guidance referred to in regulation 15(2)(d);

(b)connect the pension scheme to the Money and Pensions Service [F42by no later than the deadline pursuant to paragraph (2)], in compliance with the standards referred to in regulation 15(2)(c) and having regard to the guidance referred to in regulation 15(2)(d);

(c)meet the requirements in regulation 15(4) and (5).

Textual Amendments

Commencement Information

I6Reg. 19 in force at 12.12.2022, see reg. 1(2)

Connection affected by an assessment periodE+W+S

20.—(1) If an assessment period in relation to a pension scheme begins before the scheme has connected to the Money and Pensions Service—

(a)trustees or managers are not required to connect the scheme to the Money and Pensions Service before the assessment period ends, and

(b)if, when the assessment period ends, the scheme continues to function as a pension scheme, the deadline for connecting to the Money and Pensions Service is whichever is the later of the following—

(i)6 months beginning with the day after the date on which the assessment period ends, or

(ii)the deadline for connecting to the Money and Pensions Service that applied previously, under whichever of regulations 15 to 19 is relevant in the circumstances.

[F43(2) Once a deadline applies pursuant to paragraph (1)(b), the deadline remains fixed, unless—

(a)permission to defer connection is given under regulation 17, or

(b)all the members of the scheme become pensioner members.]

(3) Trustees or managers must—

(a)register the scheme with the Money and Pensions Service, having regard to the guidance referred to in regulation 15(2)(d);

(b)connect the pension scheme to the Money and Pensions Service [F44by no later than the deadline pursuant to paragraph (1)(b)], in compliance with the standards referred to in regulation 15(2)(c) and having regard to the guidance referred to in regulation 15(2)(d);

(c)meet the requirements in regulation 15(4) and (5).

(4) If an assessment period in relation to a section of a scheme or a segregated part of a scheme begins before the scheme has connected to the Money and Pensions Service, this does not affect the requirement for the scheme to connect to the Money and Pensions Service unless all the sections or segregated parts of the scheme are subject to the assessment period.

Textual Amendments

Commencement Information

I7Reg. 20 in force at 12.12.2022, see reg. 1(2)

Notification of disconnectionE+W+S

21.  The trustees or managers of a pension scheme which disconnects from the Money and Pensions Service must notify the Money and Pensions Service as soon as possible.

Commencement Information

I8Reg. 21 in force at 12.12.2022, see reg. 1(2)

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