The following Pensions Q&A provides comprehensive and up to date legal information covering:
As described in Practice Note: The DC chair's statement—the pension requirements, the requirement to produce a chair’s statement applies to ‘relevant schemes’.
The legislative definition of ‘relevant scheme’ (found in the Occupational Pension Schemes (Scheme Administration) Regulations 1996, SI 1996/1715, reg 1(2) and introduced by the Occupational Pension Schemes (Charges and Governance) Regulations 2015, SI 2015/879) makes it clear that a ‘scheme which provides no money purchase benefits other than benefits which are attributable to additional voluntary contributions’ (AVCs) is not a relevant scheme.
Accordingly, a scheme whose only money purchase benefits are those falling within limb (a) of your question (ie money purchase benefits provided in respect of AVCs) is not a relevant scheme.
Whether a scheme whose only money purchase benefits are
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