PART 2RESTRICTIONS ON CHARGES
Amendment of the Stakeholder Pension Schemes Regulations 200012
1
The Stakeholder Pension Schemes Regulations 200016 are amended as follows.
2
3
After regulation 14C (rounding of fractional amounts) insert—
Disapplication of regulations 13 to 14C in certain circumstances14D
1
The circumstances referred to in regulation 13(5) are as follows.
2
In relation to a member of a stakeholder pension scheme that is a personal scheme the circumstances are that—
a
the scheme is a qualifying scheme in relation to an employer; and
b
the member’s workplace contributions are allocated under a default arrangement.
3
In relation to a member of a stakeholder pension scheme that is an occupational pension scheme, the circumstances are that Part 2 of the Occupational Pension Schemes (Charges and Governance) Regulations 2015 applies to the scheme.
4
In this regulation, “default arrangement” and “workplace pension contributions” have the meanings given in the FCA Handbook19.