PART 3E+W+SChanges to information
Material alterations to basic scheme informationE+W+S
8.—(1) The information mentioned in paragraph (2) must be given in accordance with this regulation where—
(a)there is a change in relation to the scheme, and
(b)that change results in a material alteration in the information listed in Part 1 of Schedule 2.
(2) The information is the information referred to in paragraph (1)(b) that has materially changed.
(3) The information must be given to all members and beneficiaries of the scheme except for excluded persons and to a recognised trade union.
(4) The information must be given before or as soon as possible after (and in any event within three months after) the change referred to in paragraph (1)(a) takes effect.
(5) No information is required to be given under this regulation to—
(a)relevant persons, except a recognised trade union, unless it is relevant to the person's rights or prospective rights under the scheme, and
(b)a recognised trade union unless—
(i)it is relevant to the rights or prospective rights of persons who are in that recognised trade union, and
(ii)basic scheme information has already been given to the recognised trade union under regulation 6.
Modification by the RegulatorE+W+S
9. Active members must be informed of any modification to the scheme by the Regulator under section 231(2)(a) of the 2004 Act (powers of the Regulator) within one month of the modification taking effect.
Former stakeholder pension schemesE+W+S
10.—(1) The information mentioned in paragraph (2) must be given in accordance with this regulation where a scheme is removed from the register of stakeholder pension schemes kept under section 2 of the 1999 Act (registration of stakeholder pension schemes).
(2) The information is a statement that the scheme—
(a)has been removed from the register,
(b)is no longer a stakeholder pension scheme, and
(c)is required to begin winding up.
(3) The information must be given to members except excluded persons.
(4) The information must be given no more than [two weeks after] the trustees or managers of the scheme are notified that the scheme has been removed from the register.
Textual Amendments
Marginal Citations