Part 1: Collective Money Purchase Benefits Ongoing supervision Section 27: Requirement to submit supervisory return
This section enables the Pensions Regulator to issue a notice requiring trustees of a collective money purchase scheme to submit a supervisory return to the Pensions Regulator. Subsection (2) provides a power for the Secretary of State to make regulations setting out the information that may be required in a supervisory return.
	Subsection (3) makes provision for what must be included in the notice. Subsection (4) specifies that a supervisory return may not be required more frequently than once in any 12-month period. Subsection (5) provides that a civil penalty under section 10 of the Pensions Act 1995 applies to a trustee who fails to submit a return when required to do so.