Closed consultation

Draft Occupational Pension Schemes (Master Trusts) Regulations 2018

We are analysing your feedback

Visit this page again soon to download the outcome to this public feedback.

Summary

This consultation seeks views on draft regulations for the authorisation and supervisory regime for master trust schemes under the Pension Schemes Act 2017.

This consultation ran from
to

Consultation description

In the Pension Schemes Act 2017, a master trust scheme is defined as an occupational pension scheme that is:

  • used by more than one employer
  • provides money purchase pensions (either alone or with other benefits)
  • not a public sector scheme or used only by connected employers

The aims of the master trust scheme authorisation and supervision regime are that:

  • members of master trust schemes have equivalent protections to members in other types of pension schemes
  • the risks specific to master trust scheme structures including the size and scope of schemes, lack of employer engagement, diverse business models and other factors that influence their financial resilience and viability, are proportionately and proactively regulated
  • there is an appropriate balance between preventing risks occurring and giving The Pensions Regulator powers to intervene when necessary

Documents

Occupational Pension Schemes (Master Trusts) Regulations 2018 consultation

This file may not be suitable for users of assistive technology. 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.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Impact assessment: Occupational Pension Schemes (Master Trusts) Regulations 2018 consultation

This file may not be suitable for users of assistive technology. 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.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Published 30 November 2017