SCHEDULE 18 Power to Restrict Charges or Impose Requirements in Relation to Schemes
Pensions Act 2014 (2014 c 19) | Legislation

SCHEDULE 18 Power to Restrict Charges or Impose Requirements in Relation to Schemes

Section 43

Power to restrict charges

1

(1)     The Secretary of State may by regulations make provision—

(a)     prohibiting administration charges which are of a specified class or description, or which exceed specified limits, from being imposed on a member [members] of a relevant scheme;

(b)     prohibiting a relevant scheme from containing provision under which administration charges which are of a specified class or description, or which exceed specified limits, will or may be imposed on a member [members] of the scheme.

“Specified†means specified in the regulations.

(2)     The regulations—

(a)     may make provision for the manner of, and criteria for, determining whether an administration charge is of a specified class or description or exceeds specified limits;

(b)     may provide for the determination to be made in accordance with guidance issued from time to time by the Secretary of State.

(3)     The regulations may impose duties on the trustees or managers of a relevant scheme or others.

(4)     The regulations may provide that a scheme is not a qualifying scheme in relation to a jobholder for the purposes of Part

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Common law offence of false imprisonment

Common law offence of false imprisonmentThe offence of false imprisonmentFalse imprisonment is a common law offence but it is more common as a civil action in tort (see Practice Note: False imprisonment).It is triable only on indictment. It may be classified in class 2A, 2B or 3 in accordance with

LEXISNEXIS

Common assault and battery

Common assault and batteryThe offences of common assault and batteryTechnically, the offences of assault and battery are separate summary offences. An assault is committed when the defendant intentionally or recklessly causes another to apprehend immediate and unlawful violence and battery is

LEXISNEXIS

Escrow accounts and escrow agreements

Escrow accounts and escrow agreementsThis Practice Note examines why parties involved in a construction project may enter into an escrow agreement (or escrow deed) to set up an escrow account. It looks at the benefits of paying funds into escrow, how an escrow account operates and the provisions

LEXISNEXIS

Control of asbestos—duty to manage

The Control of Asbestos Regulations 2012 (CAR 2012) place various duties on employers to protect employees from risks related to exposure to asbestos and make it clear that these duties, so far as is reasonably practicable, are also owed to any other person, whether at work or not, who may be