- Latest available (Revised)
- Original (As made)
The Occupational and Personal Pension Schemes (Levy) Regulations 1997
You are here:
- UK Statutory Instruments
- 1997 No. 666
- Explanatory Note
What Version
Advanced Features
- Show Geographical Extent(e.g. England, Wales, Scotland and Northern Ireland)
- Show Timeline of Changes
More Resources
Changes to legislation:
The Occupational and Personal Pension Schemes (Levy) Regulations 1997 is up to date with all changes known to be in force on or before 03 August 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to :
- Sch. Pt.I amended by S.I. 1999/682 reg.2
- Sch. Pt.I amended by S.I. 2000/542 reg.3(1)
- Sch. Pt.II amended by S.I. 2000/542 reg.3(2)
- Sch. substituted by S.I. 1998/600 reg.2(9) Sch.
- Instrument applied by S.I. 1997/666 reg.9(1)-(4)
- reg.1 defn(s). added by S.I. 2000/2691 reg 7(2)(b)
- reg.1 defn(s). amended by S.I. 2000/2691 reg 7(2)(a)
- reg.1 amended by S.I. 2000/3198 reg.12
- reg.1(2) (defn. of registrable scheme) rev. in pt. by S.I. 1998/600 reg.2(2)(a)
- reg.1(2) (defn. of total membership) substituted by S.I. 1998/600 reg.2(2)(b)
- reg.2 amended by S.I. 2000/542 reg.2
- reg.2(1) (2) amended by S.I. 1998/600 reg.2(3)(a)
- reg.2(4) amended by S.I. 1998/600 reg.2(3)(b)
- reg.2(4A) added by S.I. 1998/600 reg.2(3)(c)
- reg.2(5) amended by S.I. 1998/600 reg.2(3)(d)(i)
- reg.2(5)(a) revoked by S.I. 1998/600 reg.2(3)(d)(ii)
- reg.3(2)(a) amended by S.I. 1998/600 reg.2(4)(a)
- reg.3(2)(b) amended by S.I. 1998/600 reg.2(4)(b)
- reg.4(2) rev. in pt. by S.I. 1998/600 reg.2(5)(a)
- reg.4(3) revoked by S.I. 1998/600 reg.2(5)(b)
- reg.5(1) replaced (by reg.5(1)(1A)) by S.I. 1998/600 reg.2(6)(a)
- reg.5(4)(a) revoked by S.I. 1998/600 reg.2(6)(b)
- reg.7(1) rev. in pt. by S.I. 1998/600 reg.2(7)(a)
- reg.7(2) revoked by S.I. 1998/600 reg.2(7)(b)
- reg.11(c) rev. in pt. by S.I. 1998/600 reg.2(8)
Changes and effects yet to be applied to the whole Instrument associated Parts and Chapters:
- Act by S.I. 2000/1403 reg 32. Sch 2
- Act by S.I. 2000/1403 reg.32 Sch.2
Explanatory Note
(This note is not part of the Regulations)
These Regulations revoke and replace the Occupational and Personal Pension Schemes (Levy) Regulations 1995 (“the previous Regulations").
Regulation 1 provides for citation, commencement and interpretation.
Regulations 2 to 8 and the Schedule make provision for the payment of levies for the purposes of meeting the cost of the Pensions Ombudsman, the Occupational Pensions Regulatory Authority, the Pensions Compensation Board, the Registrar of Occupational and Personal Pension Schemes and certain grants made to advisory bodies by the Occupational Pensions Regulatory Authority. They also make provision as to the manner in which the amounts of the levies are to be determined, the manner in which the levies are to be paid and the circumstances in which payment of the levies shall be waived.
Regulation 9 makes provision for payment of the levies in the case of multi-employer schemes.
Regulation 10 makes provision to avoid the duplication of payments where a levy is payable under equivalent provisions which have effect in Northern Ireland.
Regulation 11 modifies the provisions of section 75 of the Pensions Act 1995 in the case of occupational pension schemes which are money purchase schemes.
Regulation 12 makes transitional provision for the payment under these Regulations of the amount of the levy for which schemes are liable under the previous Regulations.
Regulation 13 provides for the imposition of financial penalties by the Occupational Pensions Regulatory Authority in respect of any failure to pay a levy under these Regulations.
Regulation 14 revokes the previous Regulations with a saving.
An assessment of the compliance cost to business of the measures arising from the Pensions Act 1995, including these Regulations, has been placed in the libraries of both Houses of Parliament. Copies can be obtained by post from the Department of Social Security, 11th Floor, Adelphi, 1-11 John Adam Street, London WC2N 6HT.
Options/Help
Print Options
PrintThe Whole Instrument
PrintThis Explanatory Note only
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
See additional information alongside the content
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Opening Options
Different options to open legislation in order to view more content on screen at once
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
More Resources
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as made version that was used for the print copy
- correction slips
Click 'View More' or select 'More Resources' tab for additional information including:
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- links to related legislation and further information resources
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.