Closed consultation

Draft Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2023

Applies to England, Scotland and Wales

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Summary

This consultation seeks views on the draft Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2023, and invites comments on proposals to amend the Occupational Pension Schemes (Scheme Funding) Regulations 2005 and details of the new requirement for defined benefit schemes to appoint a Chair where they do not already have one.

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Consultation description

This consultation seeks views on the draft Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2023. These draft Regulations set out the detail of the new requirements in the Pensions Act 2004, inserted by the Pension Schemes Act 2021, for defined benefit pension schemes to have a funding and investment strategy and submit a statement of strategy to the Pensions Regulator.

This consultation also invites comments on the proposals to amend the Occupational Pension Schemes (Scheme Funding) Regulations 2005 and details of the new requirement for defined benefit schemes to appoint a Chair where they do not already have one.

This consultation is aimed at the trustees and managers of defined benefit occupational pension schemes, sponsoring employers, pension industry professionals, pension scheme members, member representative organisations, and any other interested parties.

Documents

Consultation document: The draft Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2023

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Draft Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2023

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 accessible.formats@dwp.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Consultation impact assessment

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Published 26 July 2022
Last updated 29 July 2022 + show all updates
  1. HTML versions of consultation document and impact assessment added.

  2. First published.