RPSM12301125 - Scheme Administrator Pages: Information Requirements and Administration: Information the scheme administrator is required to provide to HMRC: The Event Report: Event number 10 - Event Report filed on or after 11 August 2006: investment-regulated pension scheme

Event number 10 - Event Report filed on or after 11 August 2006: investment- regulated pension scheme

[Reg. 3 The Registered Pension Schemes (Provision of Information) Regulations 2006 - SI 2006/567) as amended by SI 2006/1961]

Reportable event

For Event Reports filed with HMRC on or after 11 August 2006, the occurrence of the following events on any date in the tax year to which the Event Report relates must be included on it -

• a registered pension scheme becomes an investment-regulated pension scheme, or
• a registered pension scheme ceases to be an investment-regulated pension scheme.

Investment-regulated pension schemes are described on page RPSM07109050.

There are some exceptions (see below).

Information required

The scheme administrator will be required to provide HMRC with the following details

• the date on which the scheme becomes, or ceases to be, an investment-regulated pension scheme, and
• whether all the investments held by the scheme comprise contracts or policies of insurance.

Exceptions

For tax year 2006-2007, such events are only reportable events where the scheme

• is an investment-regulated pension scheme, and
• was registered on or after 6 April 2006, and did not state on the application that a member of the scheme, whether alone or with others, is able to control the way in which scheme assets are used to provide pension benefits.

For the avoidance of doubt, no report is needed in tax year 2006-2007 where

• the scheme was treated as becoming a registered pension scheme on 6 April 2006 under paragraph 1(1) of Schedule 36 Finance Act 2006 (see page RPSM02100020), and
• the scheme is an investment-regulated pension scheme throughout the tax year.