Section 28L Regulations about quality requirementsF1

In making regulations under section 20(1A) or (1C), 26(7A), 28A, 28B, 28E or 28F, the Secretary of State must have regard to the importance of—

(a)

innovation in the design and operation of relevant Master Trusts and group personal pension schemes;

(b)

competition among relevant Master Trusts and group personal pension schemes;

(c)

improving outcomes for members of relevant Master Trusts and group personal pension schemes;

(d)

relevant Master Trusts and group personal pension schemes achieving an appropriate scale;

(e)

relevant Master Trusts and group personal pension schemes having effective governance.

Annotations

F1: Ss. 28A-28L inserted (29.4.2026 for specified purposes) by Pension Schemes Act 2026 (c. 22), ss. 40(12), 133(1)(4)(c)

C1: Pt. 1 applied (with modifications) (temp. 1.7.2012 to 30.6.2020) by The Automatic Enrolment (Offshore Employment) Order 2012 (S.I. 2012/1388), art. 2 (with saving in art. 5)