334. Continuity strategy requirement.

The following provisions apply for the purposes of enabling the Pensions Regulator1 to decide whether it is satisfied that a master trust scheme2 has an adequate continuity strategy3.

A continuity strategy is a document addressing how the interests of members4 of the scheme are to be protected if a triggering event5 occurs in relation to the scheme6.

A continuity strategy must:

  1.  

    (1)     be prepared by a scheme strategist7;

  2.  

    (2)     include a section setting out the levels of administration charges8 that apply in relation to members of the scheme

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