DWP - UK Department for Work and Pensions

10/08/2024 | Press release | Distributed by Public on 10/08/2024 02:41

The Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025

Open consultation

The Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025

From:Department for Work and PensionsPublished8 October 2024
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Applies to England, Scotland and Wales

Summary

Public consultation on draft legislation to extend Collective Defined Contribution (CDC) provision to whole-life unconnected multiple employer schemes and other related provisions.

This consultation closes at
11:59pm on 19 November 2024

Consultation description

This consultation seeks your views on draft legislation needed to extend this new type of pension provision beyond single or connected Collective Defined Contribution (CDC) schemes.

It removes the exclusion of unconnected multiple employer CDC schemes from operating under the existing CDC provisions and sets out what CDC schemes that are whole-life unconnected multiple employer schemes must do to become authorised and to operate effectively under regulatory oversight.

We ask specific questions about some elements of the draft regulations and would also welcome broader views on whether the regulations effectively deliver our intended outcomes.

Documents

The Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025

PDF, 551 KB, 57 pages

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Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email [email protected]. Please tell us what format you need. It will help us if you say what assistive technology you use.

Annex A: Draft of The Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025

PDF, 2.12 MB, 84 pages

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If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email [email protected]. Please tell us what format you need. It will help us if you say what assistive technology you use.

Annex A (i): Keeling schedule showing the proposed amendments to the Pension Schemes Act 2021 - Part 2 of Annex A

PDF, 425 KB, 82 pages

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If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email [email protected]. Please tell us what format you need. It will help us if you say what assistive technology you use.

Annex A (ii): Document highlighting areas where a different approach has been taken from the CDC Regulations 2022 - Part 3 and 4 and Schedule 1 to 6 of Annex A

PDF, 447 KB, 93 pages

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If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email [email protected]. Please tell us what format you need. It will help us if you say what assistive technology you use.

Annex A (iii): Keeling Schedule showing the proposed amendments to the CDC Regulations 2022 - Part 5 of Annex A

PDF, 197 KB, 22 pages

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Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email [email protected]. Please tell us what format you need. It will help us if you say what assistive technology you use.

Annex A (iv): Keeling schedules showing the proposed consequential amendments - Part 6 and Schedule 7 of Annex A

PDF, 156 KB, 16 pages

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If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email [email protected]. Please tell us what format you need. It will help us if you say what assistive technology you use.

Annex (v): Keeling schedule in respect of changes made to the Occupational and Personal Pension Schemes) Disclosure of Information) Regulations 2013 - Regulation 6, Schedule 7 of Annex A and Regulation 4 of Annex B

PDF, 185 KB, 26 pages

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If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email [email protected]. Please tell us what format you need. It will help us if you say what assistive technology you use.

Annex B: Draft of The Occupational Pension Schemes (Collective Money Purchase Schemes) (Miscellaneous Amendments) Regulations 2025

PDF, 163 KB, 3 pages

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Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email [email protected]. Please tell us what format you need. It will help us if you say what assistive technology you use.

Annex B (i): Keeling schedule showing the proposed miscellaneous amendments in relation to Annex B

PDF, 111 KB, 4 pages

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Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email [email protected]. Please tell us what format you need. It will help us if you say what assistive technology you use.

Ways to respond

Email to:

[email protected]

Write to:

DWP Consultation Coordinator
Legislative Strategy Team
4th Floor, Caxton House
Tothill Street
London
SW1H 9NA

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Published 8 October 2024

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