{
  "url": "https://openlegislation.uk/pension-schemes-act-2026/section-75",
  "json_url": "https://openlegislation.uk/pension-schemes-act-2026/section-75.json",
  "legislation": "ukpga/2026/22",
  "legislation_title": "Pension Schemes Act 2026",
  "legislation_url": "https://openlegislation.uk/pension-schemes-act-2026",
  "path": "section/75",
  "kind": "section",
  "number": "75",
  "heading": "Capital buffer: investment",
  "text": "(1) The responsible body of an operating superfund must ensure that this section is complied with.\n(2) The capital buffer must be invested in accordance with a strategy prepared by or under the supervision of the responsible body (“the capital buffer investment strategy”).\n(3) The capital buffer investment strategy must comply with any requirements specified in regulations made by the Secretary of State.\n(4) The requirements that may be specified by virtue of subsection (3) include requirements as to—\n(a) the principles to be followed, and the matters to be taken into account, in investing the capital buffer;\n(b) the form and content of the capital buffer investment strategy.\n(5) The capital buffer investment strategy may not be materially altered except with the agreement of the trustees of the superfund scheme.\n(6) The Secretary of State may by regulations make provision about what counts as a “material” alteration for the purposes of subsection (5).\n(7) Section 10 of the Pensions Act 1995 (civil penalties) applies to the responsible body if it breaches subsection (1).\n(8) Regulations under subsection (3) are subject to the affirmative procedure.\n(9) Regulations under subsection (6) are subject to the negative procedure.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "S. 75 in force at Royal Assent for specified purposes, see s. 133(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2026/22/section/75",
    "retrieved_at": "2026-10-29T08:41:23.531539+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}