The Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
57 Administration charges during a triggering event period
(1) Subsections (1) and (2) of section 45 of the Act do not apply in relation to the following administration charges— (a) costs incurred as a result of the buying, selling, lending or borrowing of investments; (b) where a court order provides for the recovery by the trustees of costs incurred in complying with the order, the amount of those costs; (c) charges permitted by regulations made under section 24 (charges by pension arrangements in relation to earmarking orders) or section 41 (charges in respect of pension sharing costs) of the Welfare Reform and Pensions Act 1999; (d) costs solely associated with the provision of death benefits; (e) costs solely attributable to holding physical assets. (2) Section 45(2) of the Act does not apply, in respect of a receiving scheme that is a Master Trust scheme, in relation to any administration charges imposed on or in respect of a member of the scheme in relation to a member’s flexi-access drawdown fund. (3) Section 45 of the Act, with the exception of subsection (1), applies to a relevant alternative receiving scheme in the same way as it applies to a receiving scheme that is a Master Trust scheme. (4) For the purposes of paragraph (3), a relevant alternative receiving scheme is a receiving scheme that— (a) is an occupational pension scheme, and (b) is not a collective money purchase scheme or a Master Trust scheme. (5) For the purposes of paragraph (1)(e), the costs solely attributable to holding a physical asset include— (a) the costs of managing and maintaining the asset; (b) fees for valuing the asset; (c) the cost of insuring the asset; (d) ground rent, charges, rates, taxes and utilities bills incurred in relation to the asset. (6) In this regulation— “commodity” means any goods of a fungible nature that are capable of being delivered, including metals and their ores and alloys, agricultural products and energy such as electricity, but not including cash or financial instruments (within the meaning of article 3 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001); “member’s flexi-access drawdown fund” has the meaning given in paragraph 1(1) of Schedule 6; “physical asset” means an asset whose value depends on its physical form, including— land, buildings and other structures on land or sea, vehicles, ships, aircraft or rolling stock, and commodities; “receiving scheme” has the meaning given in section 45(8) of the Act.
57 Administration charges during a triggering event period
(1) Subsections (1) and (2) of section 45 of the Act do not apply in relation to the following administration charges— (a) costs incurred as a result of the buying, selling, lending or borrowing of investments; (b) where a court order provides for the recovery by the trustees of costs incurred in complying with the order, the amount of those costs; (c) charges permitted by regulations made under section 24 (charges by pension arrangements in relation to earmarking orders) or section 41 (charges in respect of pension sharing costs) of the Welfare Reform and Pensions Act 1999; (d) costs solely associated with the provision of death benefits; (e) costs solely attributable to holding physical assets. (2) Section 45(2) of the Act does not apply, in respect of a receiving scheme that is a Master Trust scheme, in relation to any administration charges imposed on or in respect of a member of the scheme in relation to a member’s flexi-access drawdown fund. (3) Section 45 of the Act, with the exception of subsection (1), applies to a relevant alternative receiving scheme in the same way as it applies to a receiving scheme that is a Master Trust scheme. (4) For the purposes of paragraph (3), a relevant alternative receiving scheme is a receiving scheme that— (a) is an occupational pension scheme, and (b) is not a collective money purchase scheme or a Master Trust scheme. (5) For the purposes of paragraph (1)(e), the costs solely attributable to holding a physical asset include— (a) the costs of managing and maintaining the asset; (b) fees for valuing the asset; (c) the cost of insuring the asset; (d) ground rent, charges, rates, taxes and utilities bills incurred in relation to the asset. (6) In this regulation— “commodity” means any goods of a fungible nature that are capable of being delivered, including metals and their ores and alloys, agricultural products and energy such as electricity, but not including cash or financial instruments (within the meaning of article 3 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001); “member’s flexi-access drawdown fund” has the meaning given in paragraph 1(1) of Schedule 6; “physical asset” means an asset whose value depends on its physical form, including— land, buildings and other structures on land or sea, vehicles, ships, aircraft or rolling stock, and commodities; “receiving scheme” has the meaning given in section 45(8) of the Act.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
How this law is officially changed
Solon does not know this law's official route yet. The proposal is recorded all the same, and the route appears here once its source is added.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.