SCHEDULES

SCHEDULE 3E+W+SCollective money purchase benefits: minor and consequential amendments

Pensions Act 2004 (c. 35)E+W+S

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

I1Sch. 3 para. 14 in force at Royal Assent for specified purposes, see s. 131(3)(a)

I2Sch. 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)