Private pensions regulations: simplifying the administration of pension schemes

This consultation seeks views on draft regulations that introduce technical changes to simplify the administration of private pension schemes. The draft regulations:

• outline a solution to address the issues faced by large multi-employer schemes when they appoint auditors
• clarify pension scheme trustees’ liability when a pension has been secured by an insurance policy or annuity contract and clarify when a proportion of the benefits may be paid as a lump sum
• correct a reference in Regulation 10 of the Employer Debt Regulations, which sets out what should be done when there has been criminal fraud

We welcome comments from pensions industry professionals, pension scheme members, employers, representative organisations and any other interested groups.