Explanatory Notes

Pension Schemes Act 2015

2015 CHAPTER 8

3 March 2015

Commentary on Sections

Part 2 – Collective Benefits

Section 10: Policy about factors used to determine each benefitSection 11: Powers to impose requirements about factors used to determine each benefit

64.Section 10 provides that regulations may require trustees or managers to have a policy on the factors used to calculate members’ benefits and to implement that policy. Section 11 allows the Secretary of State to make requirements about the factors to be used.