(This archived guidance relates to HMRC discretionary
practice before the 6th April 2006. For current guidance on
Registered Pension Schemes see the Registered Pension Schemes
Manual)
The feature which identifies a centralised scheme, whichever
of the two main types described in
PSI21.1.1, is that its rules contain
provision for more than one employer to join the scheme.
Conversely, all such schemes must contain provisions to allow
employers to withdraw if they wish or if they cease to satisfy
conditions for participation. We will normally require that part of
any scheme that relates to an employer who goes out of business to
be wound-up (see
PSI16.2.35).
