Guidance

Fit and proper person requirements for pension scheme administrators

Find out when HMRC may consider a scheme administrator to be a fit and proper person.

From:
HM Revenue & Customs
Published
1 September 2014
Last updated
4 June 2018 — See all updates

Documents

Guidance on the fit and proper person criteria for pension scheme administrators

PDF, 260 KB, 9 pages

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Details

This guidance details the legislation and the factors taken into account in determining when a scheme administrator is a fit and proper person.

HMRC is committed to combating pension liberation activity. From 1 September 2014, if HMRC believes that a scheme administrator is not a fit and proper person to be the scheme administrator they can:

  • refuse to register a new pension scheme
  • de-register an existing registered pension scheme

HMRC assumes that all persons appointed as scheme administrators are fit and proper persons unless they hold or obtain information which calls that assumption into question.

When registering a new pension scheme you must now declare the fit and proper status of the scheme administrator.

Published 1 September 2014
Last updated 4 June 2018 + show all updates

  1. PDF has been updated to remove reference to the Pension Schemes Online service.

  2. First published.