The Occupational Pension Schemes (Collective Money Purchase Schemes) (Miscellaneous Amendments) Regulations 2025 enact several technical changes to existing pension legislation, primarily by correcting errors in previous amendments related to collective money purchase schemes and by updating terminology, such as defining 'actuarial valuation' consistently throughout related instruments; these regulations also remove certain information disclosure requirements deemed no longer necessary and apply to England, Wales, and Scotland, coming into force on 4th December 2025.
Arguments For
The amendments correct errors introduced by previous legislation (S.I. 2022/337), ensuring that the regulatory framework for collective money purchase schemes remains accurate and functional.
Removing certain disclosure requirements considered unnecessary streamlines administrative burdens for pension schemes, potentially reducing compliance costs for employers and trustees.
Introducing the definition of "actuarial valuation" from the Pension Schemes Act 2021 into other regulations provides necessary consistency across the pension legislation landscape.
Arguments Against
Any legislative change, even if intended as a correction, carries a risk of introducing new ambiguities or unintended consequences in complex financial regulations.
While some requirements are omitted as unnecessary, stakeholders might argue that the removed information was crucial for member protection or transparency regarding scheme funding.
Continuous amendments, even minor ones, can increase complexity for scheme administrators who must track and implement multiple, successive changes to existing statutory instruments.
The Secretary of State makes these Regulations in exercise of the powers conferred by sections 113(1) and (3) and 182(2) of the Pension Schemes Act 1993, sections 67(3A) and 174(2) of the Pensions Act 1995, sections 259(1) and (2) and 315(2) of the Pensions Act 2004 and sections 46(1) and (2) and 51(2) of the Pension Schemes Act 2021.
The Secretary of State is issuing these regulations using authority granted by several key pieces of legislation: the Pension Schemes Act 1993, the Pensions Act 1995, the Pensions Act 2004, and the Pension Schemes Act 2021.
These cited sections provide the legal basis for making these specific amendments to pension regulations.
The Secretary of State has consulted with such persons as the Secretary of State considers appropriate, in accordance with section 185(1) of the Pension Schemes Act 1993, section 120(1) of the Pensions Act 1995 and section 317(1) of the Pensions Act 2004.
Before enacting these regulations, the Secretary of State fulfilled a legal duty by consulting with relevant parties deemed appropriate under the Pension Schemes Act 1993, the Pensions Act 1995, and the Pensions Act 2004.
This step confirms due diligence regarding stakeholder input.
Citation, extent and commencement 1. (1) These Regulations may be cited as the Occupational Pension Schemes (Collective Money Purchase Schemes) (Miscellaneous Amendments) Regulations 2025.
(2) These Regulations extend to England and Wales and Scotland.
(3) These Regulations come into force on 4th December 2025.
This section establishes the official short title of the legislation as the Occupational Pension Schemes (Collective Money Purchase Schemes) (Miscellaneous Amendments) Regulations 2025.
It also specifies that the regulations apply across England, Wales, and Scotland.
Finally, it sets the date when these rules take legal effect, which is December 4th, 2025.
Amendment of the Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006 2. In regulation 10 of the Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006 (listed changes: exclusions)—
(a) in paragraph (1)—
(i) in sub-paragraph (ac), omit “which”;
(ii) in sub-paragraph (ad), omit “which”;
(b) in paragraph (5), at the appropriate place insert—
““actuarial valuation” in relation to a collective money purchase scheme, has the meaning given by section 20(2) of the Pension Schemes Act 2021;”.
This article amends the 2006 Regulations regarding consultation by employers.
It removes the word "which" from two specific sub-paragraphs within paragraph (1) for correction purposes.
Additionally, paragraph (5) is updated to insert a definition for "actuarial valuation" specifically when referring to a collective money purchase scheme, ensuring the term aligns with its meaning provided in Section 20(2) of the Pension Schemes Act 2021.
Amendment of the Occupational Pension Schemes (Modification of Schemes) Regulations 2006 3. In regulation 1(3) of the Occupational Pension Schemes (Modification of Schemes) Regulations 2006 (citation, commencement and interpretation), at the appropriate place insert—
““actuarial valuation” in relation to a collective money purchase scheme, has the meaning given by section 20(2) of the Pension Schemes Act 2021;”.
This regulation modifies the Occupational Pension Schemes (Modification of Schemes) Regulations 2006.
It inserts the definition of "actuarial valuation," consistent with the meaning established in section 20(2) of the Pension Schemes Act 2021, into regulation 1(3), which covers interpretation of terms.
Amendment of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 4. (1) The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 are amended as follows.
(2) In regulation 4 (application of these Regulations)—
(a) in paragraph (6), after “and (5)” insert “and regulations 8A, 17A, 22A, 22B and 29B”;
(b) in paragraph (7), after “or (5)” insert “or regulation 8A, 17A, 22A, 22B or 29B”.
(3) In regulation 8A(3) (scheme closure: collective money purchase schemes) for “38”, in the first place it occurs, substitute “37”.
(4) In regulation 26(4A) (giving information and documents) after “regulation 29A” insert “or regulation 29B”.
(5) In regulation 29B (additional publication requirements for collective money purchase schemes)—
(a) in paragraph (4), omit “5, 6,”;
(b) in paragraph (5), omit “before or”;
(c) in paragraph (6), omit “before or”.
(6) In Schedule 2 (basic information)—
(a) in the shoulder note, after “8(1)” insert “, 8A(2) and (3)”;
(b) in paragraph 32, for “38” substitute “37”.
(7) In Schedule 6A (statements of benefits: collective money purchase benefits)—
(a) omit paragraphs 5, 6, 9 and 22;
(b) in paragraph 17(a), omit paragraph (i).
(8) In Schedule 7 (information to be given by schemes that relates to accessing benefits and to benefit adjustments), omit paragraph 20.
(9) In Schedule 11 (statements to be published by collective money purchase schemes)—
(a) in paragraph 1(a)—
(i) omit “specified in the rules of the scheme”;
(ii) omit “collective money purchase”;
(b) omit paragraph 13.
This extensive section amends the 2013 Disclosure of Information Regulations.
Subsections (2)(a) and (2)(b) expand the application of these regulations by including several new regulation references (8A, 17A, 22A, 22B, 29B) within regulation 4.
Subsections (3) and (6)(b) substitute the number '37' for '38' in specific contexts related to scheme closure and basic information, respectively.
Regulation 26(4A) is updated to reference the new regulation 29B.
Subsections (5) and (7) remove specific clauses or entire paragraphs from regulations concerning publication requirements (29B) and statements of benefits (Schedule 6A), which are related to collective money purchase schemes.
Subsections (8) and (9) also mandate the omission of specific paragraphs from Schedules 7 and 11 entirely, streamlining information provided by collective money purchase schemes.
Signed by authority of the Secretary of State for Work and Pensions
Torsten Bell
Parliamentary Under Secretary of State
22nd October 2025
Department for Work and Pensions
This section indicates the formal authorization and signing of the regulations.
Torsten Bell, acting as the Parliamentary Under Secretary of State for Work and Pensions, signed the document on October 22nd, 2025, on behalf of the Department for Work and Pensions.
Explanatory Note (This note is not part of the Regulations) These Regulations make miscellaneous amendments to statutory instruments, correcting errors in amendments made by the Occupational Pension Schemes (Collective Money Purchase Schemes) (Modifications and Consequential Amendments) Regulations 2022 (S.I. 2022/337). They also amend the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734) to omit certain requirements which are no longer considered to be necessary (see regulation 4(5)(a), (7), (8) and (9)(b)) and to make other adjustments.
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.
The Explanatory Note clarifies that the regulations exist primarily to correct mistakes made in the 2022 amendments concerning collective money purchase schemes.
They also modify the 2013 Disclosure Regulations by removing requirements deemed superfluous and making other necessary alterations.
Crucially, the note states that a full impact assessment was not required because the changes are not expected to have a significant impact on the private, voluntary, or public sectors.