Adopting new scheme rules
We recently sent a letter to trustees of Zurich's occupational pension schemes asking them to adopt Zurich's new scheme rules.
Below are four different Scheme rule booklets for different types of schemes. Look on your letter for the reference and download a copy of the rules which apply to you.
Scheme rules booklets
Scheme rules (SR5co) booklet pdf size 262 kbytes
Scheme rules (SR5ci) booklet pdf size 197 kbytes
Scheme rules (SR5so) booklet pdf size 258 kbytes
Scheme rules (SR5si) booklet pdf size 192 kbytes
As with any legal document, you should speak to your legal advisers to check that these rules are appropriate for your scheme.
When you are ready to adopt these rules please complete the resolution enclosed in your letter with the following details:
- the name of the principal employer
- the name of the scheme
- the signature of the principal employer and date
- the signature of the trustees and date
Return one copy to us using the address in the letter to confirm that the new rules have been adopted.
Trustee guide
To help you in your role as trustee or scheme administrator, we've produced a guide which you can download from this page. The guide outlines your responsibilities to the pension regulation and the Finance Act 2004. The guide is for occupational pension and money purchase pensions schemes and does not cover defined benefit arrangements, group personal pensions or stakeholder pensions.
It is important you understand your responsibilities as failure to comply can lead to financial penalties.
You may also wish to visit our Latest News for Trustees for regular updates on the booklet or other messages.
Occupational pension plans - introducing the new rules
More details on the pension changes can be found at HM Revenue and Customs website at www.hmrc.gov.uk/pensionschemes/pts.htm.
The latest development schedule for the codes of practice can be found on the Pension Regulator's web site at http://www.thepensionsregulator.gov.uk/pdf/codesdevelopmentschedule.pdf