Chwilio Deddfwriaeth

Chwiliad Uwch

Pension Schemes Act 2017

Changes to legislation:

There are currently no known outstanding effects for the Pension Schemes Act 2017. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.

  1. Introductory Text

  2. Part 1 Master Trusts

    1. Definition of a Master Trust scheme

      1. 1.Master Trust schemes: definition

      2. 2.Relevant public service pension schemes

    2. Authorisation: applications etc

      1. 3.Prohibition on operating a scheme unless authorised

      2. 4.Application for authorisation

      3. 5.Decision on application

      4. 6.Referral to Tribunal of refusal to grant authorisation

    3. Authorisation criteria

      1. 7.Fit and proper persons requirement

      2. 8.Financial sustainability requirement

      3. 9.Financial sustainability requirement: business plan

      4. 10.Scheme funder requirements

      5. 11.Systems and processes requirements

      6. 12.Continuity strategy requirement

    4. Ongoing supervision of Master Trust schemes

      1. 13.List of authorised schemes

      2. 14.Requirement to submit annual accounts

      3. 15.Requirement to submit supervisory return

      4. 16.Duty to notify Regulator of significant events

      5. 17.Fixed penalty notice for failure to comply with request for information etc

      6. 18.Escalating penalty notice for failure to comply with request for information etc

      7. 19.Withdrawal of authorisation

    5. Triggering events: continuity

      1. 20.Triggering event: duties of trustees

      2. 21.Triggering events

      3. 22.Notification requirements

      4. 23.Continuity options

      5. 24.Continuity option 1: transfer out and winding up

      6. 25.Continuity option 2: resolving triggering event

      7. 26.Approval of implementation strategy

      8. 27.Content of implementation strategy

      9. 28.Duty to pursue continuity option

      10. 29.Prohibition on winding up except in accordance with continuity option 1

      11. 30.Periodic reporting requirement

      12. 31.Pause orders

      13. 32.Prohibition on new employers during triggering event period

      14. 33.Prohibition on increasing charges etc during triggering event period

    6. Decisions on withdrawal of authorisation: timing

      1. 34.When it becomes clear that authorisation not to be withdrawn

      2. 35.When a decision to withdraw authorisation becomes final

    7. Supplementary

      1. 36.Fraud compensation

      2. 37.Master trusts in operation on commencement: transitional provision

      3. 38.Minor and consequential amendments

      4. 39.Interpretation of Part 1

      5. 40.Regulations modifying application of Part 1

  3. Part 2 Administration charges

    1. 41.Power to override contract terms

  4. Part 3 General

    1. 42.Regulations: general provisions

    2. 43.Extent

    3. 44.Commencement

    4. 45.Short title

  5. SCHEDULES

    1. SCHEDULE 1

      Pause orders

      1. Consequences of a pause order

        1. 1.(1) If a pause order is made in relation to...

      2. Period of effect etc of pause order

        1. 2.(1) A pause order must specify the period for which...

      3. Validation of action in contravention of pause order

        1. 3.(1) If a pause order is made in relation to...

      4. Notification of trustees, scheme funders, scheme strategists, employers and members

        1. 4.(1) This paragraph applies where— (a) a pause order is...

      5. Supplementary provision

        1. 5.(1) A pause order, or an order made under any...

    2. SCHEDULE 2

      Master Trusts operating before commencement: transitional provision

      1. Overview of Schedule

        1. 1.(1) This Schedule modifies the application of Part 1 as...

      2. Modifications having effect from the date on which this Act is passed

        1. 2.Section 20 (triggering event: duties of trustees) has effect as...

        2. 3.Section 21 (triggering events) has effect as if, in subsection...

        3. 4.Section 22 (notification requirements) has effect as if—

        4. 5.Section 25 (continuity option 2: resolving triggering event) has effect...

        5. 6.Section 33 (prohibition on increasing charges etc during triggering event...

        6. 7.Part 1 applies in relation to an existing Master Trust...

      3. Modifications having effect from the commencement date

        1. 8.Section 3 (prohibition on operating a Master Trust scheme unless...

        2. 9.Section 5 (decision on application) has effect as if at...

        3. 10.Section 21 (triggering events) has effect as if—

        4. 11.Section 23 (continuity options) has effect as if—

        5. 12.Section 26 (approval of implementation strategy) has effect as if—...

        6. 13.Section 28 (duty to pursue continuity option) has effect as...

        7. 14.Section 34 (when it becomes clear that authorisation is not...

        8. 15.Section 35 (when decision to withdraw authorisation becomes final) has...

    3. SCHEDULE 3

      Minor and consequential amendments

      1. Pension Schemes Act 1993 (c. 48)

        1. 1.The Pension Schemes Act 1993 is amended as follows.

        2. 2.In section 100B(2) (meaning of “scheme rules”: occupational pension schemes)—...

        3. 3.In section 101AI(8) (rights under section 101AB: further provision)—

      2. Pensions Act 1995 (c. 26)

        1. 4.In section 67A(9) of the Pensions Act 1995 (subsisting rights...

      3. Pensions Act 2004 (c. 35)

        1. 5.The Pensions Act 2004 is amended as follows.

        2. 6.In section 13 (improvement notices), in subsection (7) (meaning of...

        3. 7.In section 70 (duty to report breaches of the law),...

        4. 8.In section 72 (provision of information), in subsection (1A), after...

        5. 9.(1) Section 90 (codes of practice) is amended as follows....

        6. 10.In section 93(2) (“regulatory functions” of the Regulator subject to...

        7. 11.In section 97(5) (special procedure: applicable cases), after paragraph (ta)...

        8. 12.In section 318(3) (interpretation: scheme rules)— (a) in paragraph (a),...

        9. 13.In Schedule 2 (functions exercisable by the Determinations Panel), after...

      4. Pensions Act 2008 (c. 30)

        1. 14.In section 31 of the Pensions Act 2008 (effect of...

Yn ôl i’r brig

Options/Help

Print Options

Close

Mae deddfwriaeth ar gael mewn fersiynau gwahanol:

Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.

Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.

Close

Dewisiadau Agor

Dewisiadau gwahanol i agor deddfwriaeth er mwyn gweld rhagor o gynnwys ar y sgrin ar yr un pryd

Close

Nodiadau Esboniadol

Testun a grëwyd gan yr adran o’r llywodraeth oedd yn gyfrifol am destun y Ddeddf i esbonio beth mae’r Ddeddf yn ceisio ei wneud ac i wneud y Ddeddf yn hygyrch i ddarllenwyr nad oes ganddynt gymhwyster cyfreithiol. Cyflwynwyd Nodiadau Esboniadol ym 1999 ac maent yn cyd-fynd â phob Deddf Gyhoeddus ac eithrio Deddfau Adfeddiannu, Cronfa Gyfunol, Cyllid a Chyfnerthiad.

Close

Rhagor o Adnoddau

Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:

  • y PDF print gwreiddiol y fel deddfwyd fersiwn a ddefnyddiwyd am y copi print
  • rhestr o newidiadau a wnaed gan a/neu yn effeithio ar yr eitem hon o ddeddfwriaeth
  • manylion rhoi grym a newid cyffredinol
  • pob fformat o’r holl ddogfennau cysylltiedig
  • slipiau cywiro
  • dolenni i ddeddfwriaeth gysylltiedig ac adnoddau gwybodaeth eraill
Close

Llinell Amser Newidiadau

This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.

Close

Rhagor o Adnoddau

Defnyddiwch y ddewislen hon i agor dogfennau hanfodol sy’n cyd-fynd â’r ddeddfwriaeth a gwybodaeth am yr eitem hon o ddeddfwriaeth. Gan ddibynnu ar yr eitem o ddeddfwriaeth sy’n cael ei gweld gall hyn gynnwys:

  • y PDF print gwreiddiol y fel deddfwyd fersiwn a ddefnyddiwyd am y copi print
  • slipiau cywiro

liciwch ‘Gweld Mwy’ neu ddewis ‘Rhagor o Adnoddau’ am wybodaeth ychwanegol gan gynnwys

  • rhestr o newidiadau a wnaed gan a/neu yn effeithio ar yr eitem hon o ddeddfwriaeth
  • manylion rhoi grym a newid cyffredinol
  • pob fformat o’r holl ddogfennau cysylltiedig
  • dolenni i ddeddfwriaeth gysylltiedig ac adnoddau gwybodaeth eraill