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UK Law Reference
Pension Schemes Act 2017 overview

Pension Schemes Act 2017 — full text by section

Consolidated text as published on legislation.gov.uk, snapshot 2026-08-24. Read the Act on legislation.gov.uk

47 sections. Default extent: E+W+S.

  1. s.1Master Trust schemes: definition
  2. s.2Relevant public service pension schemes
  3. s.3Prohibition on operating a scheme unless authorised
  4. s.4Application for authorisation
  5. s.5Decision on application
  6. s.6Referral to Tribunal of refusal to grant authorisation
  7. s.7Fit and proper persons requirement
  8. s.8Financial sustainability requirement
  9. s.9Financial sustainability requirement: business plan
  10. s.10Scheme funder requirements
  11. s.11Systems and processes requirements
  12. s.12Continuity strategy requirement
  13. s.12AInvestment capability
  14. s.12BScale requirement
  15. s.13List of authorised schemes
  16. s.14Requirement to submit annual accounts
  17. s.15Requirement to submit supervisory return
  18. s.16Duty to notify Regulator of significant events
  19. s.17Fixed penalty notice for failure to comply with request for information etc
  20. s.18Escalating penalty notice for failure to comply with request for information etc
  21. s.19Withdrawal of authorisation
  22. s.20Triggering event: duties of trustees
  23. s.21Triggering events
  24. s.22Notification requirements
  25. s.23Continuity options
  26. s.24Continuity option 1: transfer out and winding up
  27. s.25Continuity option 2: resolving triggering event
  28. s.26Approval of implementation strategy
  29. s.27Content of implementation strategy
  30. s.28Duty to pursue continuity option
  31. s.29Prohibition on winding up except in accordance with continuity option 1
  32. s.30Periodic reporting requirement
  33. s.31Pause orders
  34. s.32Prohibition on new employers during triggering event period
  35. s.33Prohibition on increasing charges etc during triggering event period
  36. s.34When it becomes clear that authorisation not to be withdrawn
  37. s.35When a decision to withdraw authorisation becomes final
  38. s.36Fraud compensation
  39. s.37Master trusts in operation on commencement: transitional provision
  40. s.38Minor and consequential amendments
  41. s.39Interpretation of Part 1
  42. s.40Regulations modifying application of Part 1
  43. s.41Power to override contract terms
  44. s.42Regulations: general provisions
  45. s.43Extent
  46. s.44Commencement
  47. s.45Short title