SCHEDULES

SCHEDULE 3Collective money purchase benefits: minor and consequential amendments

Pensions Act 2004 (c. 35)

13

(1)

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

(2)

In subsection (2) (matters on which the Pensions Regulator must issue codes of practice), after paragraph (jb) insert—

“(jc)

the process for making an application under Part 1 of the Pension Schemes Act 2021 for authorisation of a collective money purchase scheme;

(jd)

the matters that the Pensions Regulator expects to take into account in deciding whether it is satisfied that a pension scheme meets the authorisation criteria under that Part (see section 9 of the Pension Schemes Act 2021);”.

(3)

In subsection (6), in the definition of “the pensions legislation”—

(a)

omit the “or” at the end of paragraph (f);

(b)

after paragraph (g) insert“, or

(h)

Part 1 of the Pension Schemes Act 2021.”