SCHEDULES
SCHEDULE 3Collective money purchase benefits: minor and consequential amendments
14Pensions Act 2004 (c. 35)
1
Section 93(2) (regulatory functions of the Pensions Regulator) is amended as follows.
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),
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