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The Stakeholder Pension Schemes Regulations 2000

S.I. 2000/1403 · Made 24 May 2000 · Extends to England, Wales and Scotland

Up to date with all changes known to legislation.gov.uk, revised to 1 August 2022.

PENSIONS

Made 24th May 2000

Laid before Parliament 25th May 2000

Coming into force

Parts I to III and V 1st October 2000

Part IV 8th October 2001

The Secretary of State for Social Security, in exercise of the powers conferred upon him by the provisions set out in Schedule 1 and of all other powers enabling him in that behalf, after consultation with such persons as he considers appropriateM1, hereby makes the following Regulations:—

Annotations to the whole text

Marginal citations

M1

See section 185(1) of the Pension Schemes Act 1993 (c. 48) and section 120(1) of the Pensions Act 1995 (c. 26).

Contents

  1. Part I: GENERAL
  2. 1Citation, commencement and interpretation
  3. Part II: CONDITIONS APPLYING TO STAKEHOLDER PENSION SCHEMES
  4. 2Manner of establishment
  5. 3Requirements applying to all stakeholder pension schemes as regards instruments establishing such schemes
  6. 4Additional requirements as regards instruments establishing a stakeholder pension scheme established under a trust
  7. 5Additional requirements as regards instruments establishing a stakeholder pension scheme not established under a trust Repealed
  8. 6Procedure for discharging rights on winding-up
  9. 7Procedure for discharging on winding-up rights of members with whom the trustees or manager have lost contact
  10. 8Requirement applying to all stakeholder pension schemes as regards investments
  11. 9Requirement for statement of investment principles for schemes not established under trust
  12. 10Requirement for manager of schemes not established under a trust to have regard to certain matters, and to take advice, relating to investment
  13. 10ARequirement as regards the investment strategy for members nearing retirement
  14. 10BExclusion of regulation 10A in relation to a scheme
  15. 10CTransitional provisions relating to regulation 10A
  16. 10DNotification requirements connected with regulations 10A and 10B
  17. 10EChanges notified by members
  18. 11Requirement for manager of schemes not established under trust to appoint a reporting accountant
  19. 12Requirement for declaration by trustees or manager
  20. 13Expenses, commission etc.—principles
  21. 14Charges etc.—permitted reductions in members’ rights
  22. 14AValuations for the purposes of regulation 14
  23. 14BCharges etc.—permitted reductions in funds
  24. 14CRounding of fractional amounts
  25. 14DDisapplication of regulations 13 to 14C in certain circumstances
  26. 15Requirement for trustees or manager to satisfy certain conditions in relation to with-profit funds
  27. 16Requirements as regards the provision of other services
  28. 17Restrictions on contributions
  29. 18Disclosure of information to members
  30. 18ARegulation 18A
  31. 18BRegulation 18B
  32. 18CService of information by a scheme
  33. 18DService of information to a scheme
  34. 18EProvision of information on a website
  35. 18FProvision of information on a website: supplemental
  36. 19Requirement for trustees of a stakeholder pension scheme established under a trust
  37. 19ARequirement that a stakeholder pension is not a collective money purchase scheme
  38. Part III: REGISTRATION OF STAKEHOLDER PENSION SCHEMES
  39. 20Persons who may apply for registration of stakeholder pension schemes not established under trust
  40. 21Access to the register
  41. Part IV: EMPLOYER REQUIREMENTS
  42. 22Exemptions from employer access and consultation requirements Repealed
  43. 23Definition of relevant employees Repealed
  44. 24Payroll deduction of contributions
  45. 25Disclosure of information to relevant employees
  46. Part V: AMENDMENT OF REGULATIONS UNDER THE PENSION SCHEMES ACT 1993 AND THE PENSIONS ACT 1995
  47. 26Amendment of the Personal Pension Schemes (Disclosure of Information) Regulations 1987
  48. 27Amendment of the Occupational Pension Schemes (Preservation of Benefit) Regulations 1991
  49. 28Amendment of the Occupational Pension Schemes (Disclosure of Information) Regulations 1996
  50. 29Amendment of the Protected Rights (Transfer Payment) Regulations 1996
  51. 30Amendment of the Occupational Pension Schemes (Member-nominated Trustees and Directors) Regulations 1996 Repealed
  52. 31Amendment of the Occupational Pension Schemes (Investment) Regulations 1996 Repealed
  53. 32Application of other Regulations to stakeholder pension schemes
  54. Signature
  55. Schedule 1PROVISIONS CONFERRING POWERS EXERCISED IN MAKING THESE REGULATIONS
  56. Schedule 2REGULATIONS APPLYING TO SCHEMES WHICH ARE OR HAVE BEEN REGISTERED UNDER SECTION 2
  57. Schedule 3: Information for members
  58. 1Paragraph 1
  59. 2Paragraph 2
  60. 3Paragraph 3
  61. 4Paragraph 4
  62. 5Paragraph 5
  63. 6Paragraph 6
  64. 7Paragraph 7
  65. 8Paragraph 8
  66. Explanatory note