http://www.legislation.gov.uk/uksi/2021/1070/signature/made
The Occupational Pension Schemes (Administration, Investment, Charges and Governance) (Amendment) Regulations 2021
en
King's Printer of Acts of Parliament
2021-09-22
PENSIONS
These Regulations amend the law relating to the administration of occupational pension schemes. Regulation 2 amends the Occupational Pension Schemes (Scheme Administration) Regulations 1996 (S.I. 1996/1715) to require trustees and managers to report on the return on investments their funds have achieved as part of the annual statement required on governance. It also requires the trustees and managers of schemes holding assets worth less than £100 million to compare the charges and transaction costs and the return on investments of their schemes with three other schemes and to assess the extent to which their schemes satisfy administration and governance criteria as part of their value for members assessment under regulation 25(1A) of those Regulations. Regulation 5 makes a consequential amendment to the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734).
The Occupational Pension Schemes (Administration, Investment, Charges and Governance) (Amendment) Regulations 2021
Signed by authority of the Secretary of State for Work and Pensions
Guy OppermanParliamentary Under Secretary of StateDepartment for Work and Pensions