Personal Pension Schemes (Payments by Employers) Regulations 2000
| Year | 2000 |
2000 No. 2692
PENSIONS
The Personal Pension Schemes (Payments by Employers) Regulations 2000
Made 30th September 2000
Laid before Parliament 6th October 2000
Coming into force 6th April 2001
The Secretary of State for Social Security, in exercise of the powers conferred upon him by section 111A(4)(b), (5), (6), (7) and (15)(b), 181(1)1, 182(2) and (3) and 183(1) of the Pension Schemes Act 19932and of all other powers enabling him in that behalf, after consulting such persons as he considered appropriate3, hereby makes the following Regulations:
Citation, commencement and interpretation
1.—(1) These Regulations may be cited as the Personal Pension Schemes (Payments by Employers) Regulations 2000 and shall come into force on 6th April 2001.
(2) In these Regulations—
“the 1993 Act” means the Pension Schemes Act 1993;
“scheme” means a personal pension scheme;
“stakeholder pension scheme” has the meaning given by section 1 of the Welfare Reform and Pensions Act 1999 (meaning of “stakeholder pension scheme”);
“statement year” has the meaning given by regulation 18(3) of the Stakeholder Pension Schemes Regulations 20004(disclosure of information to members);
“trustees or managers”, in relation to a scheme, means—
(a) in the case of a scheme established under a trust, the trustees of the scheme; and
(b) in any other case, the managers of the scheme.
Record of direct payment arrangements
2. For the purposes of section 111A(4)(b) of the 1993 Act (record of direct payment arrangements must satisfy prescribed requirements) the prescribed requirements are that the record contains separate entries for the rates of contributions payable under the direct payment arrangements—
(a) on the employer’s own account in respect of the employee; and
(b) on behalf of the employee out of deductions from the employee’s earnings.
Prescribed time in which an employer is to make a record of direct payment arrangements available to trustees or managers
3. For the purposes of section 111A(5) of the 1993 Act (employer must within the prescribed period send a copy of the record to the trustees or managers) the prescribed period after the preparation or any revision of the record within which the employer must send a copy of the record or, as the case may be, of the revised record to the trustees or managers of the scheme is such period which is likely to result in the copy of that record being available to the trustees or managers of the scheme no later than the date upon which the first contribution payable by reference to that record falls due for payment.
Time limits for giving notice to the Regulatory Authority and to the employee that any contribution which is payable has not been paid and the circumstances in which such notice need not be given
4.—(1) Subject to paragraph (2), for the purposes of section 111A(6) of the 1993 Act (except in prescribed circumstances notice to be given by the trustees or managers to the Regulatory Authority and to the employee within a prescribed period that any contribution which is payable has not been paid on or before its due date) the prescribed period within which the trustees or managers of the scheme must, where any contribution shown by the record to be payable under the direct payment arrangements has not been paid on or before its due date, give notice of that fact—
(a)
(a) to the Regulatory Authority, is the period of 30 days beginning with the day following that due date; and
(b)
(b) to the employee, is the period of 90 days beginning with the day following that due date, unless payment has been made before the end of the period of 60 days beginning with the day following that due date.
(2) The prescribed circumstances in which the trustees or managers of the scheme need not give notice to the Regulatory Authority or the employee or both the Regulatory Authority and the employee that any...
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