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The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022
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Rhagor o Adnoddau
Changes to legislation:
The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022, Paragraph 1 is up to date with all changes known to be in force on or before 27 August 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to the whole Instrument associated Parts and Chapters:
Whole provisions yet to be inserted into this Instrument (including any effects on those provisions):
- Sch. 6 para. 2(1)(c)-(e) inserted by S.I. 2024/334 reg. 5(3)
- Sch. 6 para. 14(2)(ca)-(cc) inserted by S.I. 2024/334 reg. 5(4)
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adran has no associated
Memorandwm Esboniadol
1. The Regulator must take into account the following matters in deciding whether it is satisfied that the design of a collective money purchase scheme is sound—E+W+S
(a)the information or documents mentioned in regulation 10(3) that are provided to the Regulator in accordance with section 13(6) of the Act (viability report);
(b)whether the Regulator is satisfied that the scheme is a collective money purchase scheme within the meaning of section 1(2) of the Act (collective money purchase benefits and schemes);
(c)whether the Regulator is satisfied that the rules of the scheme meet—
(i)the requirements of section 18 of the Act (calculation of benefits); and
(ii)the requirements of regulation 17;
(d)whether the Regulator is satisfied that the conclusions reached by—
(i)the trustees as provided for in paragraph 8(1)(b);
(ii)the scheme actuary on the matters in regulation 11(2),
as set out in the viability report and viability certificate, are justified;
(e)whether the Regulator considers that—
(i)the contents of the viability report;
(ii)the contents of the viability certificate; and
(iii)the information provided to the Regulator concerning the testing or modelling used for the purposes of determining whether the design of the scheme is sound,
are sufficiently comprehensive in order to enable the Regulator to decide whether it is satisfied that the design of the scheme is sound.
Commencement Information
I1Sch. 2 para. 1 in force at 1.8.2022, see reg. 1(3)
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