# The Occupational Pension Schemes (Preservation of Benefit) (Amendment) Regulations 2026, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations amend the Occupational Pension Schemes (Preservation of Benefit) Regulations 1991 (S.I. 1991/167) (“the Preservation Regulations”).
Regulation 12 of the Preservation Regulations sets out the conditions under which an occupational pension scheme may, instead of providing short service benefit (see section 71(1) and (2) of the Pension Schemes Act 1993 (c. 48)), provide for a member’s accrued rights to be transferred to another scheme without the member’s consent. Regulation 12(7) to (9) specifies the conditions under which a member’s relevant money purchase rights (see regulation 12(11)) can be transferred without their consent.
These Regulations insert a new paragraph to permit transfers of members’ relevant money purchase rights without the members’ consent where the receiving scheme or section is a collective money purchase scheme authorised under Part 1 of the Pension Schemes Act 2021 (c. 1).
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sectors is foreseen.

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Source: https://www.legislation.gov.uk/uksi/2026/580/note (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-preservation-of-benefit-amendment-regulations-2026/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.