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United Kingdom
The Stakeholder Pension Schemes Regulations 2000

The Stakeholder Pension Schemes Regulations 2000

In forceThis text since 1 Aug 2022law://uk/uksi/2000/1403@2026-11-12

Version in force on

Where

EnglandScotlandWales

Contents

Part I General
Part II Conditions applying to stakeholder pension schemes
Part III Registration of stakeholder pension schemes
Part IV Employer requirements
Part V Amendment of regulations under the pension schemes act 1993 and the pensions act 1995
Schedule 1 Provisions conferring powers exercised in making these regulations
Schedule 2 Regulations applying to schemes which are or have been registered under section 2
Schedule 3 Information for members

Contents

Part I General
Part II Conditions applying to stakeholder pension schemes
Part III Registration of stakeholder pension schemes
Part IV Employer requirements
Part V Amendment of regulations under the pension schemes act 1993 and the pensions act 1995
Schedule 1 Provisions conferring powers exercised in making these regulations
Schedule 2 Regulations applying to schemes which are or have been registered under section 2
Schedule 3 Information for members

Contents

681 provisions, too many to show on one page. Open a part or section to read it with its history and connections, or search inside the text.

Part I · General
1. 1 Citation, commencement and interpretation
Part II · Conditions applying to stakeholder pension schemes
Part III · Registration of stakeholder pension schemes
1. 20 Persons who may apply for registration of stakeholder pension schemes not established under trust
2. 21 Access to the register
Part IV · Employer requirements
Part V · Amendment of regulations under the pension schemes act 1993 and the pensions act 1995
Schedule 1 · Provisions conferring powers exercised in making these regulations
Schedule 2 · Regulations applying to schemes which are or have been registered under section 2
Schedule 3 · Information for members

Key facts

Type: Statutory instrument · UKSI 2000/1403
Made by: UK Government (statutory instrument)
Extent: England, Wales and Scotland

History · 3 versions

1 Aug 2022Reading
31 Dec 2020
1 Jan 2014

What changed on 1 Aug 2022

Connections

Amends 5: Insolvency Act 19862 provisions; The Occupational Pension Schemes (Investment) Regulations 1996 (revoked); The Occupational and Personal Pension Schemes (Levy) Regulations 1997; The Occupational Pension Schemes (Pensions Compensation Provisions) Regulations 1997; The Occupational Pension Schemes (Prohibition of Trustees) Regulations 1997
Applies 1: The Occupational Pension Schemes (Prohibition of Trustees) Regulations 1997

Defined terms · 35

Show every defined term

a new member
means a person who first acquired rights under the scheme on or after 6th April 2005, or who reacquired such rights after that date having previously transferred all of his accrued rights under the scheme to another pension scheme or arrangement.
active member
has the meaning given by section 124 of the 1995 Act.
actuary to the insurer
means a person appointed to perform, in relation to the insurer, either or both of the functions specified in paragraph 4.3.1 of the Supervision Sourcebook made by the Prudential Regulation Authority under the Financial Services and Markets Act 2000.
address
means postal address (except in the phrases “postal address”, “electronic address” and “website address”);
an established member
means a person who first acquired rights under the scheme before 6th April 2005 and has maintained rights under it since that date, and • “a new member” means a person who first acquired rights under the scheme on or after 6th April 2005, or who reacquired such rights after that date having previously transferred all of his accrued rights under the scheme to another pension scheme or arrangement.
annual percentage rate
means the daily percentage rate at which deductions were made under regulation 14(2), (3) or (4) (being no greater than 1/365% of the value of the fund, share or rights in the with-profits fund respectively from which they were made) multiplied by 365.
dilution levy
has the meaning given by the FCA Handbook;
electronic communication
has the same meaning as in section 15(1) of the Electronic Communications Act 2000;
illustration date
means, in relation to any information provided, or to be provided, under regulation 18A(2), the date specified by the trustees or manager as the date by reference to which amounts are calculated for the purpose of providing the information;
indirect charges
means management charges deducted from a fund in which a fund held for the purposes of the scheme is invested, directly or indirectly.
insurer
means— (a) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance,...
lifestyling
has the meaning given by regulation 10A(5);
member
includes a dependant making income withdrawals from the scheme in accordance with paragraph 21 of Schedule 28 to the Finance Act 2004 (dependants’ income withdrawal).
non-contributing member
means— (a)...
pension arrangement
means— (a) an annuity contract;
property
includes land;
recipient
means the person or body to whom these Regulations require statements or information to be made available, and • “relevant information” has the same meaning as in regulation 18C(6).
relevant guidance
means the document entitled “AS TM1: Statutory Money Purchase Illustrations” that is adopted or prepared, and from time to time revised, by the Financial Reporting Council Limited;
relevant information
has the same meaning as in regulation 18C(6).
reporting accountant
has the meaning given to it by regulation 11(3);
reporting date
means—
reporting period
means—
retirement date
means, in relation to a member— (a) the date which he has specified to the trustees or manager, and which is acceptable under the rules of the scheme, for the purpose of regulation 18A(2);
scheme instruments
means instruments establishing a stakeholder pension scheme;
securities
means investments of the following kinds— (a) shares, (b) instruments creating or acknowledging indebtedness, (c) government and public securities, (d) instruments giving entitlements to investments, (e) certificates representing securities,...;
statement year
has the meaning given by regulation 18;
tax relief
has the meaning given by Chapter 4 of Part 4 of the Finance Act 2004 (registered pension schemes: tax reliefs and exemptions);
the 1993 Act
means the Pension Schemes Act 1993;
the 1995 Act
means the Pensions Act 1995;
the Act
means the Welfare Reform and Pensions Act 1999;
the FCA Handbook
means the Handbook made by the Financial Conduct Authority under the Financial Services and Markets Act 2000;
the relevant date
means a date chosen by the trustees or manager, which is at least five years before the member’s retirement date, or which is—
the relevant percentage
means—
transfer payment
means a payment in respect of a person’s accrued rights under a pension scheme or pension arrangement made with a view to acquiring rights under another pension scheme or pension arrangement for that person;
with-profits fund
means a fund, maintained by an insurer in respect of a particular part of its long-term business for which— (a) separate accounting records are maintained by the insurer in respect of all income and expenditure relating to that part of its business;

uk/uksi/2000/1403