The Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025
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Change 1
As published
17 References to relevant former employers
(1) In section 31(5) (triggering events), in the definition of “relevant former employer”, for “collective money purchase scheme” substitute “single or connected employer scheme”.
(2) In section 36(1)(c) (continuity option 1: discharge of liabilities and winding up)—
(a) for “each employer and each relevant former employer, and each beneficiary,” substitute “the following”;
(b) at the end insert
—
(i) each employer,
(ii) each beneficiary, and
(iii) where there scheme is a single or connected employer scheme, each relevant former employer.
.
(3) In section 41(2) (trustees’ duties once implementation strategy approved) for “to employers or relevant former employers” substitute “to employers or, where the scheme is a single or connected employer scheme, relevant former employers”.
(4) In section 44(5)(b)(i) (pause orders) after “on behalf of employers or” insert “, where the scheme is a single or connected employer scheme,”.
(5) In Schedule 2 (pause orders), in paragraph 4(3)(c), at the beginning insert “where the scheme is a single or connected employer scheme,”.
Your change, as a redline
17 References to relevant former employers
(1) In section 31(5) (triggering events), in the definition of “relevant former employer”, for “collective money purchase scheme” substitute “single or connected employer scheme”.
(2) In section 36(1)(c) (continuity option 1: discharge of liabilities and winding up)—
(a) for “each employer and each relevant former employer, and each beneficiary,” substitute “the following”;
(b) at the end insert
—
(i) each employer,
(ii) each beneficiary, and
(iii) where there scheme is a single or connected employer scheme, each relevant former employer.
.
(3) In section 41(2) (trustees’ duties once implementation strategy approved) for “to employers or relevant former employers” substitute “to employers or, where the scheme is a single or connected employer scheme, relevant former employers”.
(4) In section 44(5)(b)(i) (pause orders) after “on behalf of employers or” insert “, where the scheme is a single or connected employer scheme,”.
(5) In Schedule 2 (pause orders), in paragraph 4(3)(c), at the beginning insert “where the scheme is a single or connected employer scheme,”.
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