Part 1: Collective Money Purchase Benefits Authorisation criteria Section 17: Continuity strategy requirement
This section applies for the purposes of enabling the Pensions Regulator to decide whether a collective money purchase scheme has an adequate continuity strategy. It requires the trustees of a collective money purchase scheme to prepare a document – (a continuity strategy) - which sets out how the interests of members are to be protected if the scheme experiences a triggering event. Triggering events are set out in section 31.
	A continuity strategy must include a section setting out the levels of administration charges that apply in relation to members of the scheme. Regulations are to specify the manner in which the administration charge levels must be set out in the strategy (subsections (3) and (4)).
	Subsection (5) provides a power for the Secretary of State to make regulations requiring other information to be included in a strategy and how the strategy must be prepared.
	The trustees of a collective money purchase scheme are required to keep the continuity strategy under review and to revise it as appropriate (subsection (6)).
	The continuity strategy must be submitted to the Regulator by the trustees when applying for authorisation, within three months of revising the strategy, and at any other time on request by the Regulator (subsection (7)).
	The Regulator, when determining whether a continuity strategy is adequate, must take into account any matters which the Secretary of State may specify in regulations. Those regulations may require specified information to be provided to the Regulator (subsections (8) and (9)).