Search Legislation

Advanced Search

The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations (Northern Ireland) 2023

Status:

This is the original version (as it was originally made).

Information about the design of the scheme

8.—(1) An explanation of—

(a)the design of the scheme;

(b)the reasons why the trustees consider the design of the scheme to be sound and the evidence on which this consideration is based.

(2) The evidence referred to in sub-paragraph (1)(b) must include the documents prepared by—

(a)the scheme actuary for the purposes of regulation 10(3)(b);

(b)the trustees for the purposes of regulation 10(3)(c).

9.  The explanation required by paragraph 8(1) must include—

(a)an explanation of how the scheme satisfies the definition of a collective money purchase scheme under section 62(2) of the 2021 Act (collective money purchase benefits and schemes), including—

(i)an explanation of how the requirements of section 54 of the 2021 Act (qualifying schemes) are met in respect of the scheme, and

(ii)where the scheme is a section of a qualifying scheme, an explanation of how the requirements of section 54 of the 2021 Act are met in respect of that section;

(b)an explanation as to why the trustees are satisfied that the rules of the scheme meet—

(i)the requirements of section 69 of the 2021 Act (calculation of benefits);

(ii)the requirements of regulation 17.

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

Explanatory Memorandum

Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Rule and provides information about its policy objective and policy implications. They aim to make the Statutory Rule accessible to readers who are not legally qualified and accompany any Northern Ireland Statutory Rule or Draft Northern Ireland Statutory Rule laid before the UK Parliament during the suspension of the Northern Ireland Assembly.

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

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