Policy paper
Collective money purchase: registration of unconnected multiple employer schemes
This measure will allow unconnected multiple employer collective money purchase schemes to operate effectively.
Documents
Details
This measure will treat unconnected, multiple-employer collective money purchase schemes as occupational pension schemes. This will allow them to apply to HMRC to become a registered pension scheme and operate as intended.
It will also allow HMRC to refuse to register or deregister a collective money purchase scheme that has not been authorised by the Pensions Regulator.
The measure will provide HMRC with the power to make regulations to efficiently support the development of collective money purchase schemes.
Updates to this page
Published 26 November 2025