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
55 Periodic reporting requirement
(1) The first report under section 43(1) of the Act (periodic reporting requirements) must be submitted to the Pensions Regulator before the end of the period of 14 days beginning with the date on which the Regulator notifies the trustees that the implementation strategy is approved. (2) The reports under section 43 of the Act must record— (a) decisions made by the trustees and employers concerning the continuity option being pursued; (b) where continuity option 1 is being pursued, decisions made by the trustees and employers in relation to the proposal formulated in accordance with section 36(1)(b) of the Act (continuity option 1: discharge of liabilities and winding up) for discharging the scheme’s liability to each beneficiary. (3) The reports under section 43 of the Act must contain the following information— (a) if the person preparing the report is not an independent trustee appointed pursuant to section 23(1) of the Pensions Act 1995 (power to appoint independent trustees), the name and address of that person; (b) the name and address of the scheme actuary; (c) a statement as to whether any of the scheme’s administration services are being carried out by a person other than a trustee, and if so the name and address of that person; (d) the timescales for completing the steps identified in the implementation strategy; (e) details of whether any particular issues are affecting the trustees’ ability to pursue or complete the steps identified in the implementation strategy.
55 Periodic reporting requirement
(1) The first report under section 43(1) of the Act (periodic reporting requirements) must be submitted to the Pensions Regulator before the end of the period of 14 days beginning with the date on which the Regulator notifies the trustees that the implementation strategy is approved. (2) The reports under section 43 of the Act must record— (a) decisions made by the trustees and employers concerning the continuity option being pursued; (b) where continuity option 1 is being pursued, decisions made by the trustees and employers in relation to the proposal formulated in accordance with section 36(1)(b) of the Act (continuity option 1: discharge of liabilities and winding up) for discharging the scheme’s liability to each beneficiary. (3) The reports under section 43 of the Act must contain the following information— (a) if the person preparing the report is not an independent trustee appointed pursuant to section 23(1) of the Pensions Act 1995 (power to appoint independent trustees), the name and address of that person; (b) the name and address of the scheme actuary; (c) a statement as to whether any of the scheme’s administration services are being carried out by a person other than a trustee, and if so the name and address of that person; (d) the timescales for completing the steps identified in the implementation strategy; (e) details of whether any particular issues are affecting the trustees’ ability to pursue or complete the steps identified in the implementation strategy.
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