Search Legislation

Advanced Search

The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024

Draft Legislation:

This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 No. 462

  1. Introductory Text

  2. PART 1 PRELIMINARY

    1. 1.Citation, commencement and extent

    2. 2.Interpretation

    3. 3.Review of these Regulations

  3. PART 2 FUNDING AND INVESTMENT STRATEGY

    1. 4.Scheme maturity

    2. 5.Low dependency investment allocation

    3. 6.Low dependency funding basis

    4. 7.Strength of the employer covenant

    5. 8.Relevant date

    6. 9.Actuarial methods and assumptions for purposes of funding level

    7. 10.Consistency of assumptions

    8. 11.Matters and principles

    9. 12.Funding and investment strategy – level of detail

    10. 13.Determination, review and revision of funding and investment strategy

  4. PART 3 STATEMENT OF STRATEGY

    1. 14.Supplementary matters

    2. 15.Review and revision of Part 2 of a scheme’s statement of strategy

    3. 16.Requirements for chair of trustees

    4. 17.Part 2 of a scheme’s statement of strategy – level of detail

    5. 18.Form of statement of strategy

    6. 19.Statement of strategy to the Regulator

  5. PART 4 AMENDMENTS TO REGULATIONS

    1. 20.Amendments to the Occupational Pension Schemes (Scheme Funding) Regulations 2005

  6. Signature

    1. SCHEDULE 1

      Funding and investment strategy – matters and principles

      1. 1.Matters

      2. 2.Principles

      3. 3.Minimum requirement on and after the relevant date

      4. 4.Risk in relation to calculation of liabilities on journey plan

      5. 5.Liquidity

    2. SCHEDULE 2

      Statement of strategy – supplementary matters

      1. 1.For the purposes of section 221B(2)(d) of the Act, the...

      2. 2.Actuarial valuation and recovery plan

      3. 3.If a recovery plan has been prepared or revised in...

      4. 4.Maturity

      5. 5.Where, in accordance with regulation 4(5), the trustees or managers...

      6. 6.For a scheme which has not reached the relevant date,...

      7. 7.Investment risk

      8. 8.For a scheme which has not reached the relevant date—...

      9. 9.For a scheme which has reached the relevant date, how...

      10. 10.Liquidity

      11. 11.Employer covenant

      12. 12.How long it is reasonable to rely on this assessment....

      13. 13.General

      14. 14.Confirmation that the trustees or managers have consulted the employer...

      15. 15.Any comments that the employer in relation to the scheme...

  8. Explanatory Note

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Draft Explanatory Memorandum

Draft Explanatory Memorandum sets out a brief statement of the purpose of a Draft Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Draft Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Impact Assessments

Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:

  • Why the government is proposing to intervene;
  • The main options the government is considering, and which one is preferred;
  • How and to what extent new policies may impact on them; and,
  • The estimated costs and benefits of proposed measures.
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources