SCHEDULE 7Collective money purchase benefits: amendments to secondary legislation

Amendments to the Occupational Pension Schemes (Charges and Governance) Regulations 2015I120

1

Regulation 11A (payments to advisers)78 is amended as follows.

2

In paragraph (1), the existing text after “applies” becomes sub-paragraph (a).

3

At the end of that sub-paragraph, insert “; or”.

4

After that sub-paragraph, insert—

b

to a member of a specified section, if the member is, or was, a worker of a qualifying section employer who participates or has participated in the section.

5

In paragraph (3), after “specified scheme” in both places that it occurs, insert “or specified section, as applicable”.