Part 1

Master Trusts

Definition of a Master Trust scheme

Relevant public service pension schemes
2
1
For the purposes of section 1, a pension scheme is a relevant public service pension scheme if it falls within subsection (2) or (3).
2
A scheme falls within this subsection if it is a public service pension scheme within the meaning of the Pension Schemes Act 1993 (see section 1(1) of that Act).
3
A scheme falls within this subsection if it is—
a
a scheme under section 1 of the Public Service Pensions Act 2013 (new public service schemes),
b
a new public body pension scheme (as defined in section 30 of that Act), or
c
a statutory pension scheme which is connected with a scheme referred to in paragraph (a) or (b) (and for this purpose “statutory pension scheme” and “connected” have the meanings given in that Act; see sections 37 and 4(6) of that Act).
4
But a scheme does not fall within subsection (3) if it is a scheme specified in an order made under section 318(6)(b) of the Pensions Act 2004 (schemes excluded from definition of “public service pension scheme”).
S. 2 in force at Royal Assent for specified purposes, see s. 44(1)(a)(i)
S. 2 in force at 5.9.2018 for specified purposes by S.I. 2018/965, reg. 2(a)
Pt. 1 excluded (1.10.2018) by The Occupational Pension Schemes (Master Trusts) Regulations2018 (S.I. 2018/1030), regs. 1(2), 26
Pt. 1 excluded (1.10.2018) by The Occupational Pension Schemes (Master Trusts) Regulations2018 (S.I. 2018/1030), regs. 1(2), 27
Pt. 1 modified (1.10.2018) by The Occupational Pension Schemes (Master Trusts) Regulations2018 (S.I. 2018/1030), regs. 1(2), 28(2)
Pt. 1 modified (1.10.2018) by The Occupational Pension Schemes (Master Trusts) Regulations2018 (S.I. 2018/1030), regs. 1(2), 28(3)(4)(a)(b)
S. 2 in force at 1.10.2018 in so far as not already in force by S.I. 2018/965, reg. 2(b)
Pt. 1: power to disapply conferred (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in force) by Pension Schemes Act 2021 (c. 1), ss. 47(3)(b), 131(1)(3)(a); S.I. 2022/721, reg. 3(a)