Statutory Instrument 1996 No. 1715

      The Occupational Pension Schemes (Scheme Administration) Regulations 1996


      © Crown Copyright 1996

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STATUTORY INSTRUMENTS

1996 No. 1715

PENSIONS

The Occupational Pension Schemes (Scheme Administration) Regulations 1996

Made 2nd July 1996
Laid before Parliament 5th July 1996
Coming into force 6th April 1997


ARRANGEMENT OF REGULATIONS

PART I
INTRODUCTION
1.  Citation, commencement and interpretation
PART II
ADVISERS
2.  Appointment of professional advisers by trustees or managers
3.  Exemptions from the professional advisers requirements
4.  Qualifications and experience or approval required for appointment as the auditor or actuary
5.  Manner and terms of appointment and removal of professional advisers
6.  Duty to disclose information
PART III
TRUSTEES
CHAPTER I
TRUSTEES: GENERAL
7.  Ineligibility to act as actuary or auditor
8.  Meaning of trustee of a trust scheme
CHAPTER II
FUNCTIONS OF TRUSTEES
9.  Exemption from the requirement to give notice of an occasion when a specified number of trustees must be present for a decision
10.  Manner of, and time for giving, notice when a specified number of trustees must be present for a decision
CHAPTER III
RECEIPTS, PAYMENTS AND RECORDS
11.  Exemption from the requirement for money to be kept by the trustees
12.  Requirement for trustees to keep books and records
13.  Records of trustees’ meetings
14.  Period for which books and records must be kept
15.  Employer to make payments of benefits into a separate account
16.  Prescribed time in which an employer must make payments to trustees or managers
PART IV
MONEY PURCHASE SCHEMES
17.  Exemption from requirement to secure a payment schedule
18.  Amounts to be shown in a payment schedule
19.  Requirements which a payment schedule must satisfy
20.  Period within which notice must be given
21.  Circumstances where notice of non-payment of any amount payable to a scheme need not be given

 

Explanatory Note


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© Crown copyright 1996
Prepared 20th September 2000