http://www.legislation.gov.uk/ukpga/2008/30/section/28GPensions Act 2008An Act to make provision relating to pensions; and for connected purposes.texttext/xmlenStatute Law Database2026-07-02Expert Participation2026-06-29 Pensions Act 2008s. 24(1)(c)Pension Schemes Act 2015Sch. 2 para. 43(2)(d)s. 87s. 89(4)(a)Pensions Act 2008s. 28GPension Schemes Act 2026s. 40(17)(c)s. 40(18)(g)Pensions Act 2008s. 3(1A)Pensions (Extension of Automatic Enrolment) Act 2023s. 1(2)s. 2(3)Pensions Act 2008s. 5(1C)Pensions (Extension of Automatic Enrolment) Act 2023s. 1(3)s. 2(3)Pensions Act 2008s. 13APensions (Extension of Automatic Enrolment) Act 2023s. 1(4)s. 2(3)Pensions Act 2008s. 143(6)(7)Pensions (Extension of Automatic Enrolment) Act 2023s. 1(5)(b)s. 2(3) Part 1Chapter 128G1Regulations must make provision for authorising the Regulatory Authority (“the Authority”), on an application by a relevant Master Trust or group personal pension scheme, to determine that the scheme in question is to be treated, for a period specified by the Authority, as if that scheme were exempted from the requirement for approval under section 28C.2The Secretary of State must make regulations under subsection (1) so that they have effect whenever regulations under section 28C(1) or (2) have effect.3Regulations under subsection (1)—amay make provision about the form and content of an application, including about the evidence to be provided as part of an application;bmust make provision requiring an application to include a statement—ithat the applicant concludes that meeting the asset allocation requirement is likely not to be in the best interests of members of the scheme, andiisetting out the basis on which the applicant reached the conclusion;cmust make provision requiring the Authority to determine that the applicant is to be treated as mentioned in subsection (1) in cases where—ithe application complies with the requirements of regulations made under subsection (1), andiithe Authority is of the view that it is reasonable for the applicant to have reached the conclusion that meeting the asset allocation requirement is likely not to be in the best interests of members of the scheme;dmay make provision about the basis on which the Authority may or must form such a view, including about the evidence which the Authority may or must take into account;emay make provision as to the process for making a determination, including as to—ithe level of detail of enquiry required in different cases;iia time limit within which the Authority must decide an application;iiiprocedures in connection with applications;fmust require the Authority to provide reasons for any determination not to approve an application;gmust provide for the Authority’s determination on an application to be referred to the Upper Tribunal.Pt. 1 applied (with modifications) (temp. 1.7.2012 to 30.6.2020) by The Automatic Enrolment (Offshore Employment) Order 2012 (S.I. 2012/1388), art. 2 (with saving in art. 5)Ss. 28A-28L inserted (29.4.2026 for specified purposes) by Pension Schemes Act 2026 (c. 22), ss. 40(12), 133(1)(4)(c)