Hogan Lovells

Key Dates

Consultation paper and draft regulations issued on 19 July 2021.  Consultation closes on 31 August 2021.

The draft Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2021.


Summary

The DWP has issued draft regulations to supplement the provisions in the Pension Schemes Act 2021 for the establishment of collective money purchase (CDC) schemes.  Key points are as follows.

Scope and application

Fit and proper persons requirement

Scheme design requirement

Financial sustainability requirement

Member communications

Continuity strategy and triggering events

Annual valuation and benefit adjustment

Charges cap



Date Accessed: 28/05/2022