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Pension Schemes Act 2021
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63Scheme design requirementN.I.
This section has no associated Explanatory Notes
(1)This section applies for the purposes of enabling the Pensions Regulator to decide whether it is satisfied that the design of a collective money purchase scheme is sound (see section 60(3)(b)).
(2)In deciding whether the design of a collective money purchase scheme is sound, the Pensions Regulator must take into account—
(a)the scheme's viability report and viability certificate (see section 64);
(b)any matters specified in regulations made by the Department.
(3)Regulations under subsection (2)(b) may include provision requiring specified information to be provided to the Pensions Regulator.
(4)Regulations under subsection (2)(b) are subject to confirmatory procedure.
Commencement Information
I1S. 63 in force at Royal Assent for specified purposes, see s. 131(3)(a)
I2S. 63 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)
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