The Department for Communities has made a Statutory Rule entitled “The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations (Northern Ireland) 2024” (S.R. 2024 No. 15), which came into operation on 26th January 2024.

The Rule revokes and re-enacts the Occupational Pension Schemes (Collective Money Purchase Schemes) (No. 2) Regulations (Northern Ireland) 2023 which would otherwise cease to have effect by virtue of section 112(3)(b) of the Pensions (No. 2) Act (Northern Ireland) 2008, section 51(3)(b) of the Pensions Act (Northern Ireland) 2015 and section 102(5)(b) of the Pension Schemes Act 2021. It sets out the authorisation and supervisory regime for collective money purchase pension schemes under the provisions of Part 2 of the Pension Schemes Act 2021.

Copies of the Rule, as approved by resolution of the Northern Ireland Assembly on 10 June 2024, may be purchased from the Stationery Office at www.tsoshop.co.uk or by contacting TSO Customer Services on 0333 202 5070 or viewed online at http://www.legislation.gov.uk/nisr.