The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022

Amendments to the Occupational Pension Schemes (Charges and Governance) Regulations 2015E+W+S

This section has no associated Explanatory Memorandum

20.—(1) Regulation 11A (payments to advisers)(1) is amended as follows.

(2) In paragraph (1), the existing text after “applies” becomes sub-paragraph (a).

(3) At the end of that sub-paragraph, insert “; or”.

(4) After that sub-paragraph, insert—

(b)to a member of a specified section, if the member is, or was, a worker of a qualifying section employer who participates or has participated in the section..

(5) In paragraph (3), after “specified scheme” in both places that it occurs, insert “or specified section, as applicable”.

Commencement Information

I1Sch. 7 para. 20 in force at 1.8.2022, see reg. 1(3)

(1)

Regulation 11A was inserted by S.I. 2016/304 and was amended by S.I. 2017/774.