1. Introductory Text

2. PART 1 INTRODUCTION

   1. 1. Citation and commencement

   2. 2. Interpretation

   3. 3. Default arrangement

   4. 3A. Qualifying collective money purchase schemes

3. PART 2 RESTRICTIONS ON CHARGES

   1. 4. Restrictions on charges

   2. 5. Prohibited charge structures – default arrangements

   3. 5A. Prohibited charge structures – qualifying collective money purchase schemes

   4. 6. Limits on charges – default arrangements

   5. 6A. Limits on charges – qualifying collective money purchase schemes

   6. 7. Assessment of charges – default arrangements

   7. 7A. Assessment of charges – qualifying collective money purchase schemes

   8. 8. Alternative assessment of charges – default arrangements

   9. 8A. Alternative assessment of charges – qualifying collective money purchase schemes.

   10. 9. Member agreement for services

   11. 10. Charge limits adjustment

   12. 11. Non-contributing members

   13. 11A. Payments to advisers

   14. 11B. Relevant information

   15. 11C. Member agreement for payments to advisers

   16. 12. Amendment of the Stakeholder Pension Schemes Regulations

   17. 13. Amendment of the Occupational and Personal Pension Schemes (Consultation by Employers) Regulations and the Occupational Pension Schemes (Modification of Schemes) Regulations

   18. CHAPTER 2 RESTRICTIONS ON EARLY EXIT CHARGES

       1. 13A. Early exit charges

       2. 13B. Prohibition of early exit charges

       3. 13C. Limits on early exit charges

       4. 13D. Conflicting contract terms

       5. 13E. Relevant information

4. PART 3

   1. CHAPTER 1 GOVERNANCE OF RELEVANT SCHEMES

      1. 14. Definition of “relevant scheme”

      2. 15. Appointment of service providers

      3. 16. Appointment of chair of trustees or managers

      4. 17. Annual statement regarding governance

      5. 18. Requirements for processing financial transactions

      6. 19. Assessment of charges and costs

      7. 20. Requirements relating to default arrangement

   2. CHAPTER 2 ADDITIONAL GOVERNANCE REQUIREMENTS FOR RELEVANT MULTI-EMPLOYER SCHEMES

      1. 21. Definition of “relevant multi-employer scheme”

      2. 22. Additional requirements for relevant multi-employer schemes

      3. 23. Administration Regulations: further amendment

5. PART 4 COMPLIANCE

   1. 24. Amendment of the Register of Occupational and Personal Pension Schemes Regulations

   2. 25. Amendment of Article 9(7) of the 2005 Order

   3. 26. Compliance notices

   4. 27. Third party compliance notices

   5. 28. Penalty notices

   6. 29. Penalty notices: recovery

   7. 30. Penalty notices: recovery from bodies corporate

   8. 31. Review of penalty notices

   9. 32. References to First-tier Tribunal or Upper Tribunal

   10. 33. Service of notices

6. Signature

7. Explanatory Note