The Occupational Pension Schemes (Collective Money Purchase Schemes) (Modifications and Consequential and Miscellaneous Amendments) Regulations 2022

Statutory Instruments

2022 No. 337

Pensions

The Occupational Pension Schemes (Collective Money Purchase Schemes) (Modifications and Consequential and Miscellaneous Amendments) Regulations 2022

Made

17th March 2022

Laid before Parliament

21st March 2022

Coming into force

1st August 2022

The Secretary of State for Work and Pensions makes the following Regulations, in exercise of the powers conferred by sections 73(2)(b) and (4)(b), 97(1), (2), (3) and (4), 113(1), (2), (3) and (6), 181(1) and 182(2)(a) and (b) of the Pension Schemes Act 1993(1), sections 35(4), 67(3A) 73(2)(b), 75(1) 89(2), 94(1)(b) and 174(2) of the Pensions Act 1995(2), sections 1(1), 8(1) and 83(4) of the Welfare Reform and Pensions Act 1999(3), sections 221(1)(b) and (2), 259(1) and (2), 307(1)(a), 315(2) and 318(1) of the Pensions Act 2004(4) and sections 46(1) and (2) and 51(2) of the Pension Schemes Act 2021(5).

In accordance with section 185(1) of the Pension Schemes Act 1993(6), section 120(1) of the Pensions Act 1995 and section 317(1) of the Pensions Act 2004, the Secretary of State has consulted with such persons as the Secretary of State considers appropriate.

(1)

1993 c. 48. Section 70(2) was amended by the Welfare Reform and Pensions Act 1999 (c. 30), sections 18, 88, Schedule 2, paragraphs 3(2)(a), and Schedule 13, Part I. Section 113(1) was amended by the Child Support, Pensions and Social Security Act 2000 (c. 19), section 52(1). Section 181(1) is cited for the meanings it gives to “prescribed” and “regulations”.

(2)

1995 c. 26. Section 35 was substituted by the Pensions Act 2004 (c. 35), section 244. Section 67(3A) was inserted by the Pension Schemes Act 2021 (c. 1), section 24(1) and (2)(e). Section 73 was substituted by the Pensions Act 2004, section 270(1). Section 89(2) was amended by the Pensions Act 2004, sections 319(1), 320, Schedule 12, paragraphs 34 and 66(b) and Schedule 13, Part 1.

(3)

1999 c. 30. Section 1(1) was amended by the Pensions Act 2004, section 285(1) and (2), and by the Pensions Act 2007 (c. 22), Schedule 4, Part 1, paragraph 37(a).

(4)

2004 c. 35. Section 307(1) was amended by the Pensions Act 2011 (c. 19), section 31(2). Section 318(1) is cited for the meanings of “prescribed” and “regulations”.

(5)

2021 c. 1.

(6)

Section 185(1) was amended by the Pensions Act 1995, sections 122, 151 and 177, paragraph 46 of Schedule 3, paragraph 80 of Schedule 5 and Part 1 of Schedule 7.