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
18 Notification of triggering events: unconnected multiple employer schemes
In section 33 (notification of triggering events)— (a) in the table in subsection (2)— (i) after the row for an item 4 triggering event insert— Item 4A triggering event (an insolvency event occurs in relation to the scheme proprietor) | The scheme proprietor. A trustee who is aware of the event. Item 4B triggering event (a scheme proprietor becomes unlikely to continue as a going concern, where the scheme proprietor is a person or body of a kind that meets the requirements prescribed under section 129(1)(b) of the Pensions Act 2004) | The scheme proprietor. A trustee who is aware of the event. ; (ii) in the second column of the row for an item 6 triggering event— (aa) at the beginning of the final entry insert “Where the scheme is a single or connected employer scheme,”; (bb) after the final entry insert “Where the scheme is an unconnected multiple employer scheme, the scheme proprietor (if not the person who made the decision) if they are aware of the event.”; (iii) in the second column of the row for an item 7 triggering event— (aa) at the beginning of the final entry insert “Where the scheme is a single or connected employer scheme,”; (bb) after the final entry insert “Where the scheme is an unconnected multiple employer scheme, the scheme proprietor if they are aware of the event.”; (iv) after the row for an item 7 triggering event insert— Item 7A triggering event (scheme proprietor decides to end relationship or arrangement) | The scheme proprietor. A trustee who is aware of the event. Item 7B triggering event (scheme proprietor ends relationship or arrangement) | The scheme proprietor. A trustee who is aware of the event. ; (v) in the second column of the row for an item 8 triggering event— (aa) at the beginning of the final entry insert “Where the scheme is a single or connected employer scheme,”; (bb) after the final entry insert “Where the scheme is an unconnected multiple employer scheme, the scheme proprietor (if not the person who made the decision) if they are aware of the event.”; (vi) in the second column of the row for an item 9 triggering event— (aa) at the beginning of the final entry insert “Where the scheme is a single or connected employer scheme,”; (bb) after the final entry insert “Where the scheme is an unconnected multiple employer scheme, the scheme proprietor if they are aware of the event.”; (vii) after the row for an item 9 triggering event insert— Item 10 triggering event (trustees decide that it is necessary to pursue continuity option) | The trustees. The scheme proprietor if they are aware of the event. ; (b) in subsection (3) for “collective money purchase scheme” substitute “single or connected employer scheme”; (c) after subsection (3) insert— (3A) If a triggering event occurs in relation to an unconnected multiple employer scheme, a trustee who is aware of the event must (subject to subsections (5A), (6), (12) and (13)) give the required notification to each employer and the scheme proprietor. ; (d) after subsection (5) insert— (5A) In the case of an item 4A, 4B, 7A or 7B triggering event, subsection (4)(a) does not apply as regards notification of the scheme proprietor. ; (e) in subsection (7) for “collective money purchase scheme” substitute “single or connected employer scheme”; (f) after subsection (7) insert— (7A) If an item 4A or 4B triggering event occurs in relation to an unconnected multiple employer scheme, the scheme proprietor must (subject to subsections (12) and (13)) give the required notification to the trustees. ; (g) in subsection (9) for “collective money purchase scheme” substitute “single or connected employer scheme”; (h) after subsection (9) insert— (9A) If an item 7, 7A, 7B or 9 triggering event occurs in relation to an unconnected multiple employer scheme, the scheme proprietor, if they are aware of the event, must (subject to subsections (12) and (13)) give the required notification to the trustees. .
18 Notification of triggering events: unconnected multiple employer schemes
In section 33 (notification of triggering events)— (a) in the table in subsection (2)— (i) after the row for an item 4 triggering event insert— Item 4A triggering event (an insolvency event occurs in relation to the scheme proprietor) | The scheme proprietor. A trustee who is aware of the event. Item 4B triggering event (a scheme proprietor becomes unlikely to continue as a going concern, where the scheme proprietor is a person or body of a kind that meets the requirements prescribed under section 129(1)(b) of the Pensions Act 2004) | The scheme proprietor. A trustee who is aware of the event. ; (ii) in the second column of the row for an item 6 triggering event— (aa) at the beginning of the final entry insert “Where the scheme is a single or connected employer scheme,”; (bb) after the final entry insert “Where the scheme is an unconnected multiple employer scheme, the scheme proprietor (if not the person who made the decision) if they are aware of the event.”; (iii) in the second column of the row for an item 7 triggering event— (aa) at the beginning of the final entry insert “Where the scheme is a single or connected employer scheme,”; (bb) after the final entry insert “Where the scheme is an unconnected multiple employer scheme, the scheme proprietor if they are aware of the event.”; (iv) after the row for an item 7 triggering event insert— Item 7A triggering event (scheme proprietor decides to end relationship or arrangement) | The scheme proprietor. A trustee who is aware of the event. Item 7B triggering event (scheme proprietor ends relationship or arrangement) | The scheme proprietor. A trustee who is aware of the event. ; (v) in the second column of the row for an item 8 triggering event— (aa) at the beginning of the final entry insert “Where the scheme is a single or connected employer scheme,”; (bb) after the final entry insert “Where the scheme is an unconnected multiple employer scheme, the scheme proprietor (if not the person who made the decision) if they are aware of the event.”; (vi) in the second column of the row for an item 9 triggering event— (aa) at the beginning of the final entry insert “Where the scheme is a single or connected employer scheme,”; (bb) after the final entry insert “Where the scheme is an unconnected multiple employer scheme, the scheme proprietor if they are aware of the event.”; (vii) after the row for an item 9 triggering event insert— Item 10 triggering event (trustees decide that it is necessary to pursue continuity option) | The trustees. The scheme proprietor if they are aware of the event. ; (b) in subsection (3) for “collective money purchase scheme” substitute “single or connected employer scheme”; (c) after subsection (3) insert— (3A) If a triggering event occurs in relation to an unconnected multiple employer scheme, a trustee who is aware of the event must (subject to subsections (5A), (6), (12) and (13)) give the required notification to each employer and the scheme proprietor. ; (d) after subsection (5) insert— (5A) In the case of an item 4A, 4B, 7A or 7B triggering event, subsection (4)(a) does not apply as regards notification of the scheme proprietor. ; (e) in subsection (7) for “collective money purchase scheme” substitute “single or connected employer scheme”; (f) after subsection (7) insert— (7A) If an item 4A or 4B triggering event occurs in relation to an unconnected multiple employer scheme, the scheme proprietor must (subject to subsections (12) and (13)) give the required notification to the trustees. ; (g) in subsection (9) for “collective money purchase scheme” substitute “single or connected employer scheme”; (h) after subsection (9) insert— (9A) If an item 7, 7A, 7B or 9 triggering event occurs in relation to an unconnected multiple employer scheme, the scheme proprietor, if they are aware of the event, must (subject to subsections (12) and (13)) give the required notification to the trustees. .
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