Occupational Pension Schemes (Scheme Administration) Regulations 1996
| Jurisdiction | UK Non-devolved |
(1) These Regulations may be cited as the Occupational Pension Schemes (Scheme Administration) Regulations 1996 and shall come into force on 6th April 1997.a person who has permission under Part 4 of the Financial Services and Markets Act 2000 (permission to carry on regulated activities) to effect or carry out contracts of long term insurance; .... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F53“registered scheme” means a scheme which, on or after 6th April 2006, is registered in accordance with section 153 of the Finance Act 2004 (registration of pension schemes) ;F54“relevant benefits” has the meaning given in section 393B of the Income Tax (Earnings and Pensions) Act 2003 (relevant benefits) ;F95the scheme has distinct sections relating to employers which are not connected employers and each of those sections is governed by different trustees or managers (or, where the scheme does not currently have participating employers which are not connected employers, it will have such sections when there are participating employers which are not connected employers) ; F99orthe scheme is established under section 67 of the Pensions Act 2008; ...F92“relevant scheme” means an occupational pension scheme which provides money purchase benefits other than—an executive pension scheme;a relevant small scheme;a scheme that does not fall within paragraph 1 of Schedule 1 (description of schemes) to the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013;falls within regulation 4(2) of those Regulations (limitations on application to certain public service pension schemes) ; ordoes not fall within regulation 4(2) of those Regulations but is a public service pension scheme within the meaning of the 2004 Act; ora scheme which provides no money purchase benefits other than benefits which are attributable to additional voluntary contributions;“scheme year” means—a year specified for the purposes of the scheme in any document comprising the scheme or, if none, a period of 12 months commencing on 1st April or on such date as the trustees or managers select; orthe commencement or termination of the scheme, ora variation of the date on which the year or period referred to in paragraph (a) is to commence; are or have been part of the same group of companies consisting of one or more holding companies and subsidiaries of any such companies within the meaning of section 1159(1) of the Companies Act 2006 (meaning of “subsidiary” etc. ) ; or are or have been partnerships, each having the same persons as at least half of its partners;forms or formed a joint venture with that other employer within the group;jointly employs or employed members of the scheme with that other employer within the group;employs active members of the scheme following a transfer from that other employer within the group;holds, held, controls or controlled at least 20% of the voting power in that other employer within the group; oris or was an employer 20% of whose voting power is or was held or controlled by that other employer within the group.
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