Pension Schemes Act 2021

14 (1) Section 93(2) (regulatory functions of the Pensions Regulator) is amended as follows. E+W+S

(2) In paragraph (pa)—

(a) after “strategy” insert “ for Master Trust scheme ”;

(b) omit the “and” at the end.

(3) After paragraph (pa) insert—

“(pb) the power to give a direction under section 23(2) of the Pension Schemes Act 2021 (direction to obtain actuarial valuation or take other steps to remedy or mitigate failure in relation to a collective money purchase scheme),

(pc) the power to give a notice under section 29(1) or (4) of that Act (risk notices),

(pd) the power to give a direction under section 29(6) of that Act (direction to implement proposals in a resolution plan),

(pe) the power to give a direction under section 39(4) of that Act (direction to submit implementation strategy), and”.

Commencement Information

I1 Sch. 3 para. 14 in force at Royal Assent for specified purposes, see s. 131(3)(a)

I2 Sch. 3 para. 14 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)