Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Hybrid scheme definition

What does Hybrid scheme mean? A hybrid scheme is an occupational pension scheme that provides both defined benefit (DB) and defined contribution (DC, “money purchase”) benefits within the same trust, either in distinct sections or through combined accrual. In UK pensions practice the term is descriptive; it is used in legislation and regulatory guidance to denote schemes providing both money purchase and non‑money purchase benefits, with context‑specific meanings (for example for scheme funding and Pension Protection Fund eligibility). Usage is broadly consistent across England & Wales, Scotland, Northern Ireland and Ireland. Key features include a split of risk: the employer bears funding and longevity risk for...

Auto-enrolment: hybrid pension schemes—quality requirements under the Hybrid Schemes Quality Requirements Rules 2016; scheme types (rules 3–7), certification and the aggregate test for combination hybrids

Published by a LexisNexis Pensions expert

Practice notes

The quality requirements for hybrid schemes

Hybrid schemes deliver both defined benefits and money purchase benefits. Specific rules govern how such schemes meet the auto-enrolment qualifying standards (the quality requirements). These rules reflect the quality benchmarks for defined benefit and money purchase arrangements. For more detail on those defined benefit and money purchase (also called defined contribution) criteria, see Practice Note: Auto-enrolment—what types of scheme may be used?

Where a hybrid scheme is mainly administered in the UK, it will meet the quality requirement for a jobholder if it complies with whichever of the following is appropriate:

money purchase scheme quality requirements under the Pensions Act 2008, s 20 (PenA 2008), subject to any prescribed modifications;
defined benefit scheme quality requirements under PenA 2008, ss 21–23 (the test scheme standard), subject to any prescribed modifications; or
a combination of the above where differing scheme provisions require different quality tests.

The applicable requirements that apply depend on the type of...

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Web page updated on 21/05/2026

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