If a triggering event1 occurs in relation to a master trust scheme2, the trustees3 must submit an implementation strategy to the Pensions Regulator4 for approval5. The Pensions Regulator may approve an implementation strategy only if it is satisfied that the strategy is adequate6.
An implementation strategy is a document setting out how the interests of members7 of the scheme are to be protected following the occurrence of the triggering event8. An implementation strategy must include a section setting out the levels of administration charges9 that applied in relation to members of the scheme10.
An implementation strategy must also include information about:
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