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The Occupational Pension Schemes (Investment) (Employer-related investments by Master Trusts) (Amendment) Regulations 2022
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- 2022 No. 827
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The Application of Pension Legislation to the National Employment Savings Trust Corporation Regulations 2010
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5. In regulation 4 of the Application of Pension Legislation to the National Employment Savings Trust Corporation Regulations 2010 (application of the Occupational Pension Schemes (Investment) Regulations 2005)(1), for paragraph (b) substitute—
“(b)in regulation 16 (multi-employer schemes), after paragraph (5), there were added—
“(6) In relation to a pension scheme established under section 67 of the Pensions Act 2008 (duty to establish a pension scheme)(2), government bonds are not to be regarded as employer-related investments for the purposes of regulation 12(2) (restrictions on employer-related investments) as modified by paragraph (5)(a).
(7) In paragraph (6), “government bonds” means bonds creating or acknowledging indebtedness issued by Her Majesty’s Government in the United Kingdom.”.”.
(1)
(2)
Section 67 is amended by section 30(2) of the Finance (No. 3) Act 2010 (c. 33).
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