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
9 Financial sustainability requirement - business strategy: unconnected multiple employer schemes
In section 14 (financial sustainability requirement)— (a) after subsection (3) insert— (3A) In deciding whether it is satisfied that an unconnected multiple employer scheme has sufficient financial resources to meet the costs mentioned in subsection (2), the Pensions Regulator must also take into account— (a) the liability of the scheme proprietor to provide funds to or in respect of the scheme for the purposes of meeting those costs (see section 14B), and (b) the financial resources of the scheme proprietor. (3B) In order to be satisfied that an unconnected multiple employer scheme is financially sustainable, the Pensions Regulator must also be satisfied that the business strategy relating to the scheme is sound. (3C) In deciding whether it is satisfied that the business strategy relating to an unconnected multiple employer scheme is sound, the Pensions Regulator— (a) must take into account— (i) the scheme’s business plan, and any supporting information and documents (see section 14A); (ii) the information and matters specified in Parts 1 and 2 of Schedule 1A; (iii) any additional information or documents specified in a Code for the purposes of this paragraph, and (b) may take into account the information specified in Part 3 of Schedule 1A. ; (b) at the end of subsection (4)(a) insert “(including information about the financial resources of the scheme proprietor)”.
9 Financial sustainability requirement - business strategy: unconnected multiple employer schemes
In section 14 (financial sustainability requirement)— (a) after subsection (3) insert— (3A) In deciding whether it is satisfied that an unconnected multiple employer scheme has sufficient financial resources to meet the costs mentioned in subsection (2), the Pensions Regulator must also take into account— (a) the liability of the scheme proprietor to provide funds to or in respect of the scheme for the purposes of meeting those costs (see section 14B), and (b) the financial resources of the scheme proprietor. (3B) In order to be satisfied that an unconnected multiple employer scheme is financially sustainable, the Pensions Regulator must also be satisfied that the business strategy relating to the scheme is sound. (3C) In deciding whether it is satisfied that the business strategy relating to an unconnected multiple employer scheme is sound, the Pensions Regulator— (a) must take into account— (i) the scheme’s business plan, and any supporting information and documents (see section 14A); (ii) the information and matters specified in Parts 1 and 2 of Schedule 1A; (iii) any additional information or documents specified in a Code for the purposes of this paragraph, and (b) may take into account the information specified in Part 3 of Schedule 1A. ; (b) at the end of subsection (4)(a) insert “(including information about the financial resources of the scheme proprietor)”.
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