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The Occupational Pension Schemes (Master Trusts) Regulations 2018
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- UK Statutory Instruments
- 2018 No. 1030
- SCHEDULE 3
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Regulation 7
SCHEDULE 3E+W+STHE BUSINESS PLAN
This schedule has no associated Explanatory Memorandum
PART 1E+W+SInformation to be included in the business plan
GeneralE+W+S
1. The effective date of the business plan.E+W+S
Commencement Information
I1Sch. 3 para. 1 in force at 1.10.2018, see reg. 1(2)
2. The period to which the business plan relates, to be no less than three years and no more than five years starting with the effective date (the “plan period”).E+W+S
Commencement Information
I2Sch. 3 para. 2 in force at 1.10.2018, see reg. 1(2)
3. In each case where this Schedule or a Code requires estimates to be provided in connection with the business plan—E+W+S
(a)the assumptions used in reaching those estimates, and
(b)the circumstances in which, and the extent to which, the scheme’s actual costs, income and size may vary from the estimates.
Commencement Information
I3Sch. 3 para. 3 in force at 1.10.2018, see reg. 1(2)
4. The name of the person who prepared the business plan.E+W+S
Commencement Information
I4Sch. 3 para. 4 in force at 1.10.2018, see reg. 1(2)
5. A statement, signed by the trustees, each scheme funder and, if different, the scheme strategist, confirming—E+W+S
(a)that each scheme funder considers (or, in the absence of a scheme funder, the trustees consider) the business plan to give a true and fair representation of the matters to which it relates, and
(b)that the business plan, and any revisions to it, have been approved by the trustees, each scheme funder and, if different, the scheme strategist,
but this paragraph does not apply to scheme funders of schemes to which regulation 27(1) applies.
Commencement Information
I5Sch. 3 para. 5 in force at 1.10.2018, see reg. 1(2)
Information about the Master Trust schemeE+W+S
6. The registered name of the scheme.E+W+S
Commencement Information
I6Sch. 3 para. 6 in force at 1.10.2018, see reg. 1(2)
7. If different, any trading or brand name under which the scheme is promoted or marketed.E+W+S
Commencement Information
I7Sch. 3 para. 7 in force at 1.10.2018, see reg. 1(2)
8. The date when the scheme was established.E+W+S
Commencement Information
I8Sch. 3 para. 8 in force at 1.10.2018, see reg. 1(2)
9. The address of the scheme’s registered office.E+W+S
Commencement Information
I9Sch. 3 para. 9 in force at 1.10.2018, see reg. 1(2)
10. The name of—E+W+S
(a)each scheme trustee,
(b)each scheme funder (except where regulation 27(1) applies to the scheme), and
(c)each scheme strategist.
Commencement Information
I10Sch. 3 para. 10 in force at 1.10.2018, see reg. 1(2)
11. The name and address of any scheme administrator.E+W+S
Commencement Information
I11Sch. 3 para. 11 in force at 1.10.2018, see reg. 1(2)
12. The number of participating employers.E+W+S
Commencement Information
I12Sch. 3 para. 12 in force at 1.10.2018, see reg. 1(2)
13. The number of members, broken down into active members, deferred members and pensioner members.E+W+S
Commencement Information
I13Sch. 3 para. 13 in force at 1.10.2018, see reg. 1(2)
14. The numbers of members joining, transferring from and leaving the scheme in the three years ending with the effective date.E+W+S
Commencement Information
I14Sch. 3 para. 14 in force at 1.10.2018, see reg. 1(2)
15. The scheme’s pension registry number.E+W+S
Commencement Information
I15Sch. 3 para. 15 in force at 1.10.2018, see reg. 1(2)
16. The scheme’s HM Revenue & Customs reference number.E+W+S
Commencement Information
I16Sch. 3 para. 16 in force at 1.10.2018, see reg. 1(2)
Information about scheme fundersE+W+S
17. If a scheme funder has a single shareholder or is, in the Regulator’s opinion, reliant on a single individual, details of the succession planning in the event that the shareholder or single individual ceases to be connected to the scheme funder.E+W+S
Commencement Information
I17Sch. 3 para. 17 in force at 1.10.2018, see reg. 1(2)
18. Where section 10(3) of the Act (scheme funder requirements) applies to a scheme funder, a description of those of its activities which do not relate directly to the scheme.E+W+S
Commencement Information
I18Sch. 3 para. 18 in force at 1.10.2018, see reg. 1(2)
19. Whether a scheme funder is regulated by a financial regulator other than the Regulator and, if so, the identity of that regulator.E+W+S
Commencement Information
I19Sch. 3 para. 19 in force at 1.10.2018, see reg. 1(2)
Information about the scheme strategistE+W+S
20. A declaration as to the overall competence of the scheme strategist, with particular reference to the scheme strategist’s experience, knowledge, professional qualifications, and plans to improve that competence by way of continuous professional development or otherwise.E+W+S
Commencement Information
I20Sch. 3 para. 20 in force at 1.10.2018, see reg. 1(2)
Information following a triggering eventE+W+S
21. Where a triggering event has reduced the value of the assets available to the scheme, the plans and timetable for restoring the scheme’s assets to a level likely to satisfy the Regulator that the scheme is financially sustainable.E+W+S
Commencement Information
I21Sch. 3 para. 21 in force at 1.10.2018, see reg. 1(2)
PART 2E+W+SRequirements relating to the business plan to be set out in a Code
22. Information to be provided by schemes which provide non-money purchase benefits.E+W+S
Commencement Information
I22Sch. 3 para. 22 in force at 1.10.2018, see reg. 1(2)
23. The scheme’s objectives and its strategy for meeting them.E+W+S
Commencement Information
I23Sch. 3 para. 23 in force at 1.10.2018, see reg. 1(2)
24. Costs in relation to money purchase benefits.E+W+S
Commencement Information
I24Sch. 3 para. 24 in force at 1.10.2018, see reg. 1(2)
25. Assets and liquidity in relation to costs.E+W+S
Commencement Information
I25Sch. 3 para. 25 in force at 1.10.2018, see reg. 1(2)
26. Income in relation to money purchase benefits.E+W+S
Commencement Information
I26Sch. 3 para. 26 in force at 1.10.2018, see reg. 1(2)
27. Profit and loss in relation to money purchase benefits.E+W+S
Commencement Information
I27Sch. 3 para. 27 in force at 1.10.2018, see reg. 1(2)
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