SCHEDULES

SCHEDULE 3Collective money purchase benefits: minor and consequential amendments

Pensions Act 2004 (c. 35)

I1I213

1

Section 90 (codes of practice) is amended as follows.

2

In subsection (2) (matters on which the Pensions Regulator must issue codes of practice), after paragraph (jb) insert—

jc

the process for making an application under Part 1 of the Pension Schemes Act 2021 for authorisation of a collective money purchase scheme;

jd

the matters that the Pensions Regulator expects to take into account in deciding whether it is satisfied that a pension scheme meets the authorisation criteria under that Part (see section 9 of the Pension Schemes Act 2021);

3

In subsection (6), in the definition of “the pensions legislation”—

a

omit the “or” at the end of paragraph (f);

b

after paragraph (g) insert

, or

h

Part 1 of the Pension Schemes Act 2021.