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Section 30A Review of exercise of powers under section 28CF1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The Secretary of State must—

(a)

review the effects of any regulations under section 28C (approvals in respect of asset allocation), and

(b)

prepare, publish and lay before Parliament, a report of the review.

(2)

A review under subsection (1) must be conducted before the end of the period of 5 years beginning with the day on which the regulations in question come into force.

(3)

In carrying out the review the Secretary of State must take the following into account—

(a)

whether and how the financial interests of members of Master Trust schemes and savers in group personal pension schemes have been affected by the regulations;

(b)

the effects (if any) of the measures on economic growth in the United Kingdom;

(c)

any other matters the Secretary of State considers appropriate.

Annotations

Textual amendments

F1

S. 30A inserted (29.4.2026 for specified purposes) by Pension Schemes Act 2026 (c. 22), ss. 40(13), 133(1)(4)(c)

Notes on Part 1

Modifications

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)