Amendment of regulation 32
In regulation 3 of the Occupational Pension Schemes (Charges and Governance) Regulations 20152 (default arrangement), for paragraph (6) substitute—
6
An arrangement is not a default arrangement if—
a
at any time before a benefit under that arrangement comes into payment, it provides for a pensions promise to be obtained from a third party in relation to any such benefit; or
b
it provides no benefits other than benefits which are attributable to additional voluntary contributions.