PSI21.1.5 - Centralised Schemes: General - Accessions

(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)

[PN21.1, 21.5 and 21.14b]

In all types of centralised scheme we must be informed on each occasion an employer is admitted to participation. We require to be supplied with a fully completed PS274 together with a copy of the Deed of Accession or other instrument binding the new employer to observe the scheme rules. [The Retirement Benefits Schemes (Information Powers) Regulations [1995] require that the admission of a new employer as a participant in a scheme and any subsequent change to the information supplied with the notification of admission, must be reported to this Office not later than 180 days after the end of the scheme year in which the event occurs. We reserve the right to decline to approve any participation which is found to be unacceptable.] In the case of a scheme within PSI21.1.1a, if there is any doubt as to whether the new employer satisfies the conditions for participation, we should be consulted before the employer is admitted as a participant. Similarly, any proposal to retain an employer in a scheme within PSI21.1.1a if there is any doubt (arising from a change of status or residence) whether it continues to satisfy the conditions for participation should be referred to us.

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