Value for money scope flowchart transcript
This is a text description of the value for money scope flowchart.
1. Is the scheme?
- a relevant small scheme (RSS)
- an executive pension scheme (EPS)
- a collective defined contribution (CDC) scheme
Yes – exempt
No – go to 2
2. Do any of the following apply?
- The scheme has been operating for less than one calendar year.
- The scheme has formally commenced wind up.
Yes – exempt
No – go to 3
3. To determine whether an individual arrangement is in scope, is it an additional voluntary contribution (AVC) arrangement?
Yes – exempt
No – go to 4
4. Does it have?
- at least 1,000 members in accumulation
- fewer than 1,000 members in accumulation – but is either the only arrangement within the scheme or the largest arrangement within the scheme
No – out of scope
Yes – go to 5
5. Is the arrangement a default arrangement?
An arrangement which is, or has been, used to comply with automatic enrolment requirements.
No – go to 7
Yes – go to 6
6. Is the arrangement?
- a scheme designed (non-bespoke) master trust default arrangement
- a default arrangement with at least 50,000 members within a single employer trust
Yes – In scope, you will need to provide metric data and carry out an assessment in 2028 and all subsequent years.
No – go to 12
7. Is the arrangement within a single employer trust scheme?
No – go to 9
Yes – go to 8
8. Is it a legacy (quasi-default) arrangement?
A pre-automatic enrolment arrangement which is used by at least 80% of members (both active and deferred).
No – out of scope
Yes – go to 12
9. Is the arrangement a multi-employer legacy (quasi-default) arrangement?
A pre-automatic enrolment arrangement which is used by at least 80% of members from at least one employer who has at least 50 employees (current or former) in the scheme.
Yes – go to 12
No – go to 10
10. Is the arrangement a multi-employer legacy arrangement with unlinked members?
No – out of scope
Yes – go to 11
11. Is the number of unlinked members in the arrangement at least 50 and greater than the average across the scheme?
No – out of scope
Yes – go to 12
12. In scope
In 2028 you only need to provide metric data, but from 2029 onwards you will need to provide metric data and carry out an assessment.