The Stakeholder Pension Schemes (Amendment No. 2) Regulations 2002
These Regulations amend regulations 1, 11, 12 and 15 of the Stakeholder Pension Schemes Regulations 2000 (S.I. 2000/1403) (“the Principal Regulations”). Regulation 11 of the Principal Regulations requires the trustees or manager of a stakeholder scheme to appoint a reporting accountant and sets out the eligibility requirements for appointment as a reporting accountant. Regulation 12 of the Principal Regulations provides for an annual declaration as to the arrangements made by the trustees or manager of a stakeholder scheme for ensuring the proper administration of the scheme and for those trustees or that manager to obtain statements from the scheme’s reporting accountant as to the reasonableness of the declaration. Regulation 15 of the Principal Regulations sets out the conditions for the assets of a scheme to be invested in with-profits funds.