- Draft regulations for collective money purchase schemes—key aspects and implications
- What is the background to the consultation?
- What are the key aspects of the consultation?
- What are the implications for sponsoring employers, pension schemes and members?
- What happens next?
Pensions analysis: On 19 July 2021, the Department for Work and Pensions (DWP) published a consultation on draft regulations relating to the authorisation and supervision of collective money purchase schemes (CMPSs). The regulations are named The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2021. The consultation closes on 31 August 2021. Counsel at Mayer Brown, Beth Brown, shares her thoughts on the key aspects and implications of the regulations.
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