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
3 Extension of definition of qualifying schemes
(1) In section 1 (collective money purchase benefits and schemes) at the end insert— (3) In this Part— “single or connected employer scheme” means a collective money purchase scheme not used, or intended to be used, by any employers other than— a single employer, or two or more employers that are connected with each other; “unconnected multiple employer scheme” means a collective money purchase scheme used, or intended to be used, by two or more employers, some or all of which are not connected with each other. . (2) In section 3 (qualifying schemes)— (a) in subsection (2), omit “by a person or persons to whom section 1(2)(a) (employer) of the Pension Schemes Act 1993 applied when the scheme was established (without other persons)”; (b) omit subsection (3) (limitation to single or connected employer schemes).
3 Extension of definition of qualifying schemes
(1) In section 1 (collective money purchase benefits and schemes) at the end insert— (3) In this Part— “single or connected employer scheme” means a collective money purchase scheme not used, or intended to be used, by any employers other than— a single employer, or two or more employers that are connected with each other; “unconnected multiple employer scheme” means a collective money purchase scheme used, or intended to be used, by two or more employers, some or all of which are not connected with each other. . (2) In section 3 (qualifying schemes)— (a) in subsection (2), omit “by a person or persons to whom section 1(2)(a) (employer) of the Pension Schemes Act 1993 applied when the scheme was established (without other persons)”; (b) omit subsection (3) (limitation to single or connected employer schemes).
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