1993 c.48. Section 113 was amended by the Employment Rights (Dispute Resolution) Act 1998 (c.8), section 1(2)(a); the Child Support, Pensions and Social Security Act 2000 (c.19), section 52; the 2004 Act, section 319(1) and Schedule 12, paragraphs 9 and 17; the Pensions Act 2007 (c.22), section 17 and Schedule 5, paragraph 6 and S.I. 2005/2053. Section 168 was substituted by the 1995 Act, section 155(1) and subsection (4) was amended by the 2004 Act, section 319(1) and Schedule 12, paragraphs 9 and 27. Section 181(1) is cited for the meaning given to “prescribe” and “regulations”. In section 181(1), the relevant amending provisions are the 1995 Act, sections 151 and 171 and Schedule 5, paragraph 77(a)(i); the Employment Tribunals Act 1996 (c.17), section 43 and Schedule 1, paragraph 11; the Employment Rights (Dispute Resolution) Act 1998, section 1(2)(a) and (c); the 1999 Act, section 84(1) and Schedule 12, paragraphs 28 and 41(a); the 2004 Act, section 319(1) and Schedule 12, paragraph 31; the Pensions Act 2007, section 15(3)(a) and Schedule 4, paragraph 34(1) and (2)(a); the Pensions Act 2011 (c.19), section 29(1) (with effect from a day to be appointed) and S.I. 2005/2053. Section 183(1) was amended by the 1995 Act, sections 151, 173, 177, Schedule 5, paragraph 79 and Schedule 6, paragraph 15(a).

1995 c.26. Section 41 was amended by the Employment Rights (Dispute Resolution) Act 1998, section 1(2)(a); the Child Support, Pensions and Social Security Act 2000, section 56 and Schedule 5, paragraph 12(1); the 2004 Act, sections 319(1) and 320, Schedule 12, paragraphs 34 and 52(a) and (b) and Schedule 13, Part 1 and S.I. 2005/2053. Section 124(1) is cited for the meaning given to “prescribed” and “regulations”.

1999 c.30. Section 1(1) was amended by the 2004 Act, section 285(1) and (2) and the Pensions Act 2007, section 15(3)(a). Section 8(1) is cited for the meaning given to “prescribed”.

Section 185(1) was amended by the 1995 Act, sections 122, 151 and 177 and Schedule 3, paragraph 46, Schedule 5, paragraph 80(a), (d) and (f) and Schedule 7, Part 1.

S.I. 1987/1110.

S.I. 1996/1655.

2004 c.35.

2000 c.7. The definition of “electronic communications” was amended by the Communications Act 2003 (c.21), section 406 and paragraph 158 of Schedule 7.

The definition of “member” in section 124(1) of the 1995 Act was amended by the 1999 Act, section 84(1) and Schedule 12, paragraphs 43 and 61(1).

1996 c.18.

A company registered in England and Wales with number 02486368.

2004 c.12. Section 153 was amended by the Finance Act 2005 (c.7), section 101 and Schedule 10, paragraphs 1 to 3.

1972 c.11.

Section 1 was amended by the 2004 Act, sections 285(1) to (4) and 319(1) and Schedule 12, paragraphs 71 and 72; the Pensions Act 2007, section 15(3)(a) and Schedule 4, paragraph 37(a) and Part 3 and S.I. 2005/275 and 2006/745.

1963 c.xxxii.

S.I. 2010/772.

Section 2 was amended by the 2004 Act, section 319(1) and Schedule 12, paragraphs 71 and 73 and the Pensions Act 2007, section 15(3)(a) and Schedule 4, paragraph 38.

S.I. 1999/147 (N.I. 11).

See section 180 of the 1993 Act.

S.I. 1996/3126. Regulation 2 was amended by S.I. 2005/706.

Subsections (3A) to (3E) were inserted by the Child Support, Pensions and Social Security Act 2000, section 49(2). Subsections (3A) and (3B) were amended by the 2004 Act, section 319(1) and Schedule 12, paragraphs 34 and 69(1), (3) and (4).

S.I. 2005/3377.

1988 c.1. Sections 590 and 591 were repealed by the Finance Act 2004, section 326 and Schedule 42, Part 3.

Section 611A was repealed by the Finance Act 2004, section 326 and Schedule 42, Part 3.

Chapter IV of Part XIV was repealed by the Finance Act 2004, section 326 and Schedule 42, Part 3.

Section 289 was amended by S.I. 2007/3014.

See section 287(6) of the 2004 Act.

See section 1 of the 1993 Act.

2008 c.30.

The Pensions Ombudsman is appointed under section 145(2) of the 1993 Act.

Section 50 was substituted by the 2004 Act, section 273 and there are no relevant amendments.

Section 87 was amended by the 2004 Act, sections 319(1) and 320, Schedule 12, paragraph 64 and Schedule 13, Part 1.

Section 35 was substituted by the 2004 Act, section 244.

Section 231A was inserted by S.I. 2006/1733.

Part 4A was inserted by the 1999 Act, section 37.

Section 97 was amended by the 1995 Act, section 173 and Schedule 6, paragraph 4(a) to (c) and the Child Support, Pensions and Social Security Act 2000, section 56 and Schedule 5, paragraph 8(1). Section 101I was inserted by the 1999 Act, section 37.

Section 94(1) was amended by the 1995 Act, section 154(1) and (2).

Section 35 was substituted by the 2004 Act, section 244.

Section 40 was amended by the 2004 Act, section 319(1) and Schedule 12, paragraphs 34 and 51 and S.I. 2004/355.

S.I. 2005/3378.

Section 37 was substituted by the 2004 Act, section 250 and amended by the Pensions Act 2008, section 130.

S.I. 1987/1112. Regulations 3 and 4 were substituted by S.I. 2008/1050.

Section 22 was amended by the 2004 Act, sections 36(1) and (2), 319(1) and 320, Schedule 12, paragraphs 34 and 40 and Schedule 13, Part 1 and S.I. 2009/1941.

Section 23 was substituted by the 2004 Act, section 36(4).

Section 72A was inserted by the Child Support, Pensions and Social Security Act 2000, section 49(1).

S.I. 1991/167.

Paragraph (3) was substituted by S.I. 1996/2131 and amended by S.I. 2013/459.

Regulation 9(6) was amended by S.I. 1994/1062 and 2011/1246.

S.I. 1996/1172.

S.I. 1996/1847. Regulation 11 was amended by S.I. 2005/72, 2008/1050 and 2009/615.

S.I. 1996/1975.

Paragraph 5 was substituted by S.I. 1997/3038, amended by S.I. 2006/778 and modified in relation to the National Employment Savings Trust by S.I. 2011/673.

S.I. 1996/3126.

S.I. 1997/784. Regulation 6(5) was amended by S.I. 2005/2050.

S.I. 2000/1048. There are no relevant amendments.

S.I. 2000/1054. There are no relevant amendments.

S.I. 2000/1403. Regulations 18A to 18E were inserted by S.I. 2010/2659. Paragraph 6(d) of Schedule 3 was amended by S.I. 2011/1245. The definition of “illustration date” was inserted by S.I. 2002/1381 and amended by S.I. 2010/2659. The definition of “non-contributing member” was inserted by S.I. 2002/1383. The definition of “retirement date” was inserted by S.I. 2002/1383 and amended by S.I. 2010/2659.

S.I. 2000/2692. Regulation 5A was inserted by S.I. 2006/778.

S.I. 2002/459.

S.I. 2005/703.

S.I. 2005/706.

S.I. 2005/3377.

S.I. 2006/349.

S.I. 2006/802.

S.I. 2011/673.

S.I. 2011/1245.

Sch. 6 paras. 2, 3 ceased to have effect (6.4.2014) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1)(2)(a)

Sch. 8 para. 11(1)(b) ceased to have effect (6.4.2014) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1)(2)(b)

Sch. 8 para. 11(2) ceased to have effect (6.4.2014) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1)(2)(b)

Reg. 5 excluded (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 78 (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2

Reg. 16A inserted (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 79(3) (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2

Sch. 2 para. 16A inserted (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 79(6)(a) (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2

Sch. 2 para. 28A inserted (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 79(6)(b) (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2

Words in Sch. 6 heading inserted (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 79(7) (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2

Sch. 6 para. 6A inserted (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 79(8)(b) (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2

Sch. 6 para. 16A inserted (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 79(8)(c) (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2

Reg. 25(2)(a) substituted (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 79(5) (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2

Words in Sch. 6 para. 6(1) inserted (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 79(8)(a) (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2

Sch. 3 para. 34 inserted (6.4.2015) by The Occupational Pension Schemes (Charges and Governance) Regulations 2015 (S.I. 2015/879), regs. 1(2), 17(2)

Regs. 18A, 18B inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 7

Sch. 10 inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 14

Sch. 2 paras. 4A, 4B inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 11(3)

Sch. 2 paras. 22A, 22B inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 11(8)

Word in Sch. 7 substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 13(2)

Sch. 7 Pt. 3 inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 13(3)

Reg. 2(1): reg. 2 renumbered as reg. 2(1) (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 3(1)

Words in reg. 2(1) inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 3(2)(a)

Words in reg. 2(1) inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 3(2)(b)

Words in reg. 2(1) substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 3(2)(c)

Words in reg. 2(1) inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 3(2)(d)

Words in reg. 2(1) omitted (6.4.2015) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 3(2)(e)

Reg. 2(2) inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 3(3)

Words in reg. 4(2)(b) inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 4(2)(a)

Reg. 4(2)(c) substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 4(2)(b)

Word in reg. 4(5) substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 4(3)

Words in reg. 4(7) substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 4(4)

Reg. 4(8) inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 4(5)

Words in reg. 10(4) substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 5

Word in reg. 16(1)(b) omitted (6.4.2015) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 6(a)

Words in reg. 16(1)(c) substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 6(b)

Reg. 16(1)(d) inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 6(c)

Words in reg. 19(1) substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 8(2) (with reg. 15)

Reg. 19(2) substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 8(3) (with reg. 15)

Word in reg. 19(4) substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 8(4) (with reg. 15)

Word in reg. 20(2)(a) omitted (6.4.2015) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 9(2)(a) (with reg. 15)

Reg. 20(2)(c) and word inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 9(2)(b) (with reg. 15)

Reg. 20(4) substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 9(3) (with reg. 15)

Word in reg. 21(2)(a) omitted (6.4.2015) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 10(a) (with reg. 15)

Reg. 21(2)(c) and word inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 10(b) (with reg. 15)

Words in Sch. 2 para. 3 inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 11(2)

Words in Sch. 2 para. 6 substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 11(4)

Words in Sch. 2 para. 16 inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 11(5)(a)

Words in Sch. 2 para. 16 substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 11(5)(b)

Words in Sch. 2 para. 16A inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 11(6)(a)

Words in Sch. 2 para. 16A substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 11(6)(b)

Words in Sch. 2 para. 20 substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 11(7)

Words in Sch. 2 para. 21 inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 11(2)

Sch. 2 para. 26 substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 11(9)

Words in Sch. 3 para. 15 substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 12(2)

Words in Sch. 3 para. 23 omitted (6.4.2015) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 12(3)(a)

Words in Sch. 3 para. 23 substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 12(3)(b)

Words in Sch. 3 para. 23 substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 12(3)(c)

Reg. 19A inserted (6.4.2016) by The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/294), regs. 1, 9

Sch. 2 para. 4C inserted (6.4.2016) by The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/294), regs. 1, 10(3)

Sch. 2 para. 22C inserted (6.4.2016) by The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/294), regs. 1, 10(5)

Words in Reg. 2(1) inserted (6.4.2016) by The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/294), regs. 1, 8(1)

Reg. 2(2)(a) substituted (6.4.2016) by The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/294), regs. 1, 8(2)

Words in Sch. 2 para. 4B inserted (6.4.2016) by The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/294), regs. 1, 10(2)

Words in Sch. 2 para. 22B inserted (6.4.2016) by The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/294), regs. 1, 10(4)

Sch. 2 para. 12 omitted (6.4.2017) by virtue of The Pensions Act 2014 (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order 2016 (S.I. 2016/200), arts. 1(3), 32

Reg. 29A inserted (coming into force in accordance with reg. 1(1)(3) of the amending S.I.) by The Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations 2018 (S.I. 2018/233), reg. 3(6)

Words in reg. 4(1) substituted (coming into force in accordance with reg. 1(1)(3) of the amending S.I.) by The Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations 2018 (S.I. 2018/233), reg. 3(2)

Reg. 26(4A) inserted (coming into force in accordance with reg. 1(1)(3) of the amending S.I.) by The Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations 2018 (S.I. 2018/233), reg. 3(4)

Words in reg. 27(1) inserted (coming into force in accordance with reg. 1(1)(3) of the amending S.I.) by The Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations 2018 (S.I. 2018/233), reg. 3(5)

Sch. 3 Pt. 6 inserted (6.4.2019) by The Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations 2018 (S.I. 2018/233), regs. 1(2), 3(7)

Sch. 6 para. 5A inserted (6.4.2019) by The Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations 2018 (S.I. 2018/233), regs. 1(2), 3(8)

Reg. 12A inserted (6.4.2019) by The Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations 2018 (S.I. 2018/233), regs. 1(2), 3(3)

Words in Sch. 2 para. 10(a) substituted (6.4.2019) by The Financial Guidance and Claims Act 2018 (Naming and Consequential Amendments) Regulations 2019 (S.I. 2019/383), reg. 1(1), Sch. para. 22(a)

Words in Sch. 2 para. 24(a) substituted (6.4.2019) by The Financial Guidance and Claims Act 2018 (Naming and Consequential Amendments) Regulations 2019 (S.I. 2019/383), reg. 1(1), Sch. para. 22(b)

http://www.legislation.gov.uk/uksi/2013/2734/2019-04-06The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013texttext/xmlenStatute Law DatabasePENSIONS2023-06-07Expert Participation2019-04-06These Regulations impose requirements on occupational pension schemes and personal pension schemes relating to the provision of information. The Regulations replace the Personal Pension Schemes (Disclosure of Information) Regulations 1987 (S.I. 1987/1110) and the Occupational Pension Schemes (Disclosure of Information) Regulations 1996 (S.I. 1996/1655) which are now revoked. The provisions of those Instruments that are carried forward are consolidated and amended.

2013 No. 2734

Pensions

The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013

Made24th October 2013

Laid before Parliament31st October 2013

Coming into force6th April 2014

The Secretary of State for Work and Pensions makes the following Regulations in exercise of the powers conferred by sections 113, 168(4), 181(1), 182(2) and (3) and 183(1) of the Pension Schemes Act 1993 , sections 10(3), 41(1), (5), (5A) and (6), 124(1) and 174(2) and (3) of the Pensions Act 1995 and sections 1(1)(b), 8(1) and 83(4) to (6) of the Welfare Reform and Pensions Act 1999 .

In accordance with section 185(1) of the Pension Schemes Act 1993 and section 120(1) of the Pensions Act 1995, the Secretary of State has consulted with such persons as the Secretary of State considers appropriate.

PART 1General1Citation, commencement, expiry, revocations and amendments1

These Regulations may be cited as the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 and come into force on 6th April 2014.

2

On 6th April 2015 the following provisions cease to have effect—

a

paragraphs 2 and 3 of Schedule 6, and

b

paragraph 11(1)(b) and (2) of Schedule 8.

3

The following regulations are revoked—

a

the Personal Pension Schemes (Disclosure of Information) Regulations 1987 , and

b

the Occupational Pension Schemes (Disclosure of Information) Regulations 1996 .

4

The amendments made by Schedule 9 have effect.

2Interpretation1

In these Regulations—

the 1993 Act” means the Pension Schemes Act 1993;

the 1995 Act” means the Pensions Act 1995;

the 1999 Act” means the Welfare Reform and Pensions Act 1999;

the 2004 Act” means the Pensions Act 2004 ;

“the 2013 Act” means the Public Service Pensions Act 2013;

“accrued rights”—

a

in relation to an occupational pension scheme, has the meaning given in section 124(2) of the 1995 Act (interpretation of Part 1), and

b

in relation to a personal pension scheme means rights that have accrued under the scheme;

beneficiary” means a person, other than a member, who is entitled to the payment of benefits under the scheme;

“cash balance benefit” has the meaning given in section 75 of the Pension Schemes Act 2015 (meaning of “cash balance benefit”);

“drawdown pension” has the meaning given in paragraph 4 of Schedule 28 to the Finance Act 2004 (drawdown pension);

electronic communication” has the meaning given in section 15(1) of the Electronic Communications Act 2000 (general interpretation);

excluded person” means a member or beneficiary—

a

whose present postal address and electronic address is not known to the trustees or managers of the scheme, and

b

in respect of whom the trustees or managers of the scheme have sent correspondence to their last known—

i

postal address and that correspondence has been returned, or

ii

electronic address and the trustees or managers of the scheme are satisfied that correspondence has not been delivered;

“flexible benefit” has the meaning given in section 74 of the Pension Schemes Act 2015 (meaning of “flexible benefit”);

...

“ill-health condition” has the meaning given in paragraph 1 of Schedule 28 to the Finance Act 2004 (ill-health condition);

illustration date” means the date specified by the trustees or managers of the scheme as the date by reference to which amounts are calculated for the purpose of giving the information in Part 2 of Schedule 6;

lifestyling” means an investment strategy that aims progressively to reduce the potential for significant variation caused by market conditions in the value of the member's rights;

“member”—

a

in relation to an occupational pension scheme, has the meaning given in section 124(1) of the 1995 Act , and

b

in relation to a personal pension scheme, means a member of the scheme;

“normal minimum pension age” has the meaning given in section 279(1) of the Finance Act 2004 (other definitions);

“pensions guidance” means guidance given by a designated guidance provider (which has the meaning given in section 333E(1) of the Financial Services and Markets Act 2000 (designation of providers) ) for the purpose of helping a member of a pension scheme, or a survivor of a member of a pension scheme, to make decisions about what to do with the flexible benefits that may be provided to the member or survivor;

prospective member” means a person who, under the terms of their contract of service, the scheme rules or both—

a

can choose to become a member of the scheme,

b

will be able to choose to become a member of the scheme if they continue in the same employment for a certain period of time,

c

will become a member of the scheme automatically unless they choose not to become a member of the scheme, or

d

can become a member of the scheme if their employer consents;

recipient” means the person, organisation or body to whom these Regulations require information or documents to be made available;

recognised trade union” means an independent trade union (within the meaning given in section 235(1) of the Employment Rights Act 1996 (other definitions)) that is recognised to any extent for the purposes of collective bargaining in relation to members and prospective members of a scheme;

the Regulator” means the Pensions Regulator established under section 1 of the 2004 Act (the Pensions Regulator);

relevant employment” means any employment to which the scheme relates;

relevant guidance” means the document entitled “AS TM1: Statutory Money Purchase Illustrations” that is adopted or prepared, and from time to time revised, by the Financial Reporting Council Limited ;

relevant person” means a—

a

member or prospective member of the scheme,

b

spouse or civil partner of a member or prospective member,

c

beneficiary of the scheme,

d

recognised trade union;

retirement date” has the meaning given in regulation 19(5);

scheme year” means, in relation to an occupational pension scheme—

a

a year specified for the purposes of the scheme in any scheme document or, if there is no such year specified, a period of 12 months commencing on 1st April or on such other date as the trustees choose, or

b

a period between 6 and 18 months specified by the trustees in connection with—

i

the commencement or termination of the scheme, or

ii

a variation of the date on which the period referred to in paragraph (a) is to commence;

“survivor” has the meaning given in section 76(1) of the Pension Schemes Act 2015 (interpretation of Part 4);

tax registered scheme” means a scheme that—

a

is registered under section 153 of the Finance Act 2004 (registration of pension schemes),

b

was formerly registered under that section,

c

is deemed to be registered under that section by virtue of paragraph 1 of Schedule 36 to that Act (pension schemes: transitional provisions and savings), or

d

has applied for registration under that section and the Commissioners for Her Majesty's Revenue and Customs have not decided whether to register the scheme;

“transferrable rights” has the meaning given in section 93(11)(b) of the 1993 Act (scope of Chapter 1);

“unfunded public service defined benefits scheme” has the meaning given in section 95(2C) of the 1993 Act (ways of taking right to cash equivalent);

wholly insured scheme” means a scheme under which all the benefits provided are secured by a policy or policies of insurance or annuity contract or contracts.

2

In these Regulations—

a

a member has an opportunity to transfer flexible benefits where—

i

the member—

aa

has transferrable rights in relation to flexible benefits; or

bb

would have transferrable rights in relation to flexible benefits if the member stopped accruing rights to some or all of the flexible benefits (see sub-paragraph (b)),

and the making of a transfer or transfer payment in respect of the flexible benefits is not prohibited by section 135(4)(a) of the 2004 Act (restrictions on winding up, discharge of liabilities etc. ); or

ii

the member has an opportunity to transfer accrued rights to flexible benefits out of the scheme under the scheme rules;

b

a member stops accruing rights to flexible benefits when there are no longer arrangements in place for the accrual of rights to those flexible benefits for or in respect of the member.

3Recognised trade union

Where there is a question about whether an organisation is a recognised trade union, that question must be referred to an employment tribunal.

4Application of these Regulations1

Subject to paragraphs (2), (3) and (6) the trustees or managers of an occupational pension scheme that falls within paragraph 1 of Schedule 1 must give information in accordance with regulations 6, 8 to 22, 24 , 25 and, where the scheme is a relevant scheme within the meaning of the Occupational Pension Schemes (Scheme Administration) Regulations 1996, regulation 29A.

2

Regulations 9, 10, 12, 13 and 15 do not apply to a public service pension scheme if—

a

there are no requirements for assets related to the intended rate or amount of benefit under the scheme to be set aside in advance (disregarding requirements relating to additional voluntary contributions),

b

it is made under section 7 of the Superannuation Act 1972 (superannuation of persons employed in local government service, etc.) or it is a defined benefits scheme under section 1 (schemes for persons in public service) of the 2013 Act in relation to persons specified in subsection (2)(c) of that section, or

c

it is provided for by section 40 of, and Schedule 6 to, the Constitutional Reform and Governance Act 2010 (Parliamentary and other pensions).

3

Regulation 17 does not apply to a stakeholder pension scheme within the meaning of section 1 of the 1999 Act (meaning of “stakeholder pension scheme”).

4

Subject to paragraph (6), the trustees or managers of a pension scheme that is—

a

an occupational pension scheme that does not fall within paragraph 1 of Schedule 1, or

b

established under the Salvation Army Act 1963 ,

must give information in accordance with regulation 7.

5

Subject to paragraphs (3) and (6) the managers of a personal pension scheme that falls within paragraph 2 of Schedule 1 must give information in accordance with regulations 10, 17 , 18, 21 and 23.

6

Paragraphs (1), (4) and (5) do not require the trustees or managers of a scheme to give information to—

a

a member or prospective member if no person who employs them in relevant employment has informed the trustees or managers of the scheme that they are a member or prospective member,

b

a recognised trade union if no person who employs a member or prospective member in relation to whom the trade union is a recognised trade union has informed the trustees or managers of the scheme that the trade union is a recognised trade union, or

c

a member of an occupational pension scheme where all the members are trustees or managers of the scheme.

7

Except when information is given verbally in accordance with regulation 18B(3), when any information is given in accordance with paragraph (1), (4) or (5), it must be accompanied by the postal and electronic address to which a person should send requests for further information or any other enquiry.

8

In this regulation “defined benefits scheme” has the meaning given in section 37 of the 2013 Act.

5Civil penalties relating to occupational pension schemes

Where in relation to an occupational pension scheme a person fails without reasonable excuse to comply with any requirement imposed under these Regulations, the Regulator may, by notice in writing, require that person to pay, within 28 days, a penalty that must not—

a

in the case of an individual, exceed £5,000, and

b

in any other case exceed £50,000.

PART 2Information for new and prospective members6Basic scheme information1

The basic scheme information mentioned in paragraph (2) must be given in accordance with this regulation.

2

The basic scheme information is the information listed in—

a

Part 1 of Schedule 2, and

b

Part 3 of that Schedule where the scheme contains provision for lifestyling (see regulation 18).

3

The information must be given to—

a

prospective members, if it is practicable to do so, and

b

members who have not already been given the information.

4

The information must also be given to a relevant person who—

a

makes a request for the information, and

b

has not been given that information in the previous 12 months.

5

Where the trustees or managers of the scheme have in relation to a member or prospective member received jobholder information, the information must be given within one month of the date that information was received.

6

Where the trustees or managers of the scheme have not received jobholder information in relation to a member or prospective member, the information must be given within two months of the date the person became an active member of the scheme.

7

Where the trustees or managers of the scheme have received a request for the information from a relevant person, the information must be given within two months of that request.

8

No information is required to be given under this regulation to—

a

a relevant person, 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 it is relevant to the rights or prospective rights of persons who are in that recognised trade union.

9

In this regulation “jobholder information” means the information specified in regulation 3 of the Occupational and Personal Pension Schemes (Automatic Enrolment) Regulations 2010 (jobholder information).

7Basic scheme information to be given by certain schemes1

The basic scheme information mentioned in paragraph (2) must be given in accordance with this regulation.

2

The basic scheme information is the information listed in—

a

Part 2 of Schedule 2, and

b

Part 3 of that Schedule where the scheme contains provision for lifestyling (see regulation 18).

3

The information must be given to—

a

prospective members,

b

members who have not already been given the information, and

c

a recognised trade union on request.

4

The information must be given to—

a

a prospective member, if it is practicable to do so,

b

a member within two months of membership beginning, and

c

a recognised trade union within two months of the date the request is made.

PART 3Changes to information8Material alterations to basic scheme information1

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.

9Modification by the Regulator

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.

10Former stakeholder pension schemes1

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.

PART 4Information to be given on request11Constitution of the scheme1

The information listed in Part 1 of Schedule 3 must be given to a relevant person in accordance with this regulation where the relevant person makes a request for the information.

2

The information must be given within two months of the date the request is made.

3

The information must be given in accordance with regulation 29.

4

Any document that must be given under paragraph (1) which is not in the English language must be accompanied by a translation in that language.

5

No information is required to be given under this regulation—

a

to relevant persons, except a recognised trade union, unless it is relevant to the person's rights or prospective rights under the scheme,

b

to a recognised trade union unless it is relevant to the rights or prospective rights of persons who are in that recognised trade union, and

c

where the information has been given to the relevant person in the previous 12 months unless there has been a change in the information.

12Annual report1

A document containing the information listed in Part 2 of Schedule 3 must be prepared within seven months of the end of each scheme year and given in accordance with this regulation.

2

The document must be given to a relevant person where the relevant person—

a

makes a request for the document within five years of the end of the scheme year to which the information relates, and

b

has not been given the document before.

3

The document must be given within two months of the date the request is made.

4

The document must be given in accordance with—

a

regulation 26 or 29(3), where the document relates to the most recent scheme year, or

b

regulation 29, where the document does not relate to that year.

12AAdditional information available on request: pooled funds1

Where the scheme is a relevant scheme within the meaning of the Occupational Pension Schemes (Scheme Administration) Regulations 1996, a statement containing the information listed in paragraph 35 of Schedule 3 must be given on request to a member, or to a recognised trade union on behalf of the member, in accordance with this regulation.

2

The statement must be given within two months of the date the request is made and it must be given in accordance with regulation 26 (giving information and documents).

3

A statement is not required to be given where the request is made—

a

less than 6 months after the last occasion on which information was given to or in respect of the member under this regulation; or

b

by a recognised trade union unless it is relevant to the rights of a member who is in that recognised trade union.

13Other information to be given on request1

The information listed in Part 3 of Schedule 3 must be given to a relevant person in accordance with this regulation where the relevant person makes a request for the information.

2

The information must be given within two months of the date the request is made.

3

The information must be given in accordance with regulation 29.

14Transfer credits1

The information listed in Part 4 of Schedule 3 must be given in accordance with this regulation.

2

Subject to paragraph (3), the information must be given to any member or prospective member who makes a request for it.

3

Paragraph (2) does not apply where the request mentioned in that paragraph is made less than 12 months after the last occasion on which such information was given.

4

The information must be given within two months of the date the request is made.

PART 5Funding statements, benefit statements and illustrations15Summary funding statements1

The information listed in Schedule 4, in the form of a summary funding statement, must be given in accordance with this regulation where the trustees or managers of the scheme have obtained an actuarial valuation or report under section 224 of the 2004 Act (actuarial valuations and reports).

2

The information must be given to all members and beneficiaries of the scheme except—

a

excluded persons, and

b

members or beneficiaries whose only entitlement to benefits under the scheme is, or will be, to money purchase benefits.

3

The information must be given on, before or within a reasonable period after, the date by which the trustees or managers of the scheme are required under section 224 of the 2004 Act to ensure that the valuation or report is received by them.

16Statements of benefits: non money purchase benefits1

The information mentioned in paragraph (2) must be given in accordance with this regulation where—

a

the member has rights to benefits that are not money purchase benefits,

b

the member requests that information, ...

c

information has not been given to that member under this regulation in the 12 months before that request, and.

d

in relation to active members, a benefit information statement has not been provided pursuant to section 14(1) (information about benefits) of the 2013 Act in the 12 months before the request in sub-paragraph (b).

2

The information is—

a

for active members, the information listed in Parts 1 and 2 of Schedule 5,

b

for deferred members, the information listed in Parts 2 and 3 of that Schedule,

c

for pension credit members, the information listed in Part 4 of that Schedule.

3

The information must be given as soon as practicable but no more than two months after the date the request is made.

4

In this regulation “pension credit member” means a person who has rights under the scheme that are attributable (directly or indirectly) to a credit under section 29(1)(b) of the 1999 Act (creation of pension debits and credits) or under article 26(1)(b) of the Welfare Reform and Pensions (Northern Ireland) Order 1999 .

16AStatements of benefits: cash balance benefits1

The information mentioned in paragraph (2) (in addition to the information required under regulation 16 (statements of benefits: non money purchase benefits)) must be given to any member in accordance with this regulation where—

a

the member has rights to cash balance benefits;

b

the member requests that information; and

c

information has not been given to that member under this regulation in the 12 months before that request.

2

The information is that listed in paragraphs 6A, 9 to 14, 16A and 17 of Schedule 6 (statements of benefits: money purchase benefits).

3

The information must be given as soon as practicable but no more than two months after the date the request is made.

17Statements of benefits: money purchase benefits1

Information relating to a member's money purchase benefits must be given in accordance with this regulation to a member who—

a

has rights to money purchase benefits, and

b

is not an excluded person.

2

The information listed in Part 1 of Schedule 6 must be given.

3

The information listed in paragraphs 6 to 8 of Schedule 6 must be given except where paragraph (6) applies.

4

Where paragraph (6) applies, the information listed in paragraphs 6 to 8 of Schedule 6 may be given.

5

Where the information listed in paragraphs 6 to 8 of Schedule 6 is given under paragraph (3) or (4), the information listed in—

a

paragraphs 9 to 14 of that Schedule must be given with that information, and

b

Part 3 of that Schedule must be given.

6

This paragraph applies where—

a

the member is in receipt of benefits under the scheme,

b

the date referred to in paragraph 4 of Schedule 6 is not more than two years before the member's retirement date for the purpose of Part 2 of Schedule 6,

c

in relation to the member—

i

the value, determined in accordance with the relevant guidance, of the member's accrued rights to money purchase benefits under the scheme was less than £5,000 on the last illustration date in respect of which the information listed in Part 2 of Schedule 6 was last given,

ii

since that previous illustration date, no contributions (including transfers of pension rights and pension credits) have been made to the scheme by, or on behalf of, the member in respect of the member's money purchase benefits, and

iii

the trustees or managers of the scheme have previously given notice to the member that the information listed in Part 2 of Schedule 6 will not be given to the member again unless further contributions referred to in paragraph (ii) have been made,

d

in relation to the member—

i

on the first illustration date after 5th April 2003, the value, determined in accordance with the relevant guidance, of the member's accrued rights to money purchase benefits under the scheme was less than £5,000,

ii

no contributions, including transfers of pension rights and pension credits, have been made to the scheme by, or on behalf of, the member after 5th April 2003 in respect of the member's money purchase benefits, and

iii

the trustees or managers of the scheme think that no further such contributions are likely to be made after that illustration date, or

e

the member's benefit is calculated by reference to the greater of a money purchase formula and a defined benefit formula and the trustees or managers of the scheme think the benefit calculated using the money purchase formula is unlikely to affect the pension payable.

7

The information to be given under paragraphs (2) to (5) must be given within 12 months of—

a

in the case of an occupational pension scheme, the end of each scheme year, except where paragraph (9) applies, and

b

in the case of a personal pension scheme—

i

the date—

aa

the person became a member of the scheme, or

bb

contributions were first credited to the scheme in respect of the person, and

ii

each subsequent anniversary of that date.

8

Where paragraph (9) applies, the information mentioned in paragraphs (2) to (5) may be given.

9

This paragraph applies where—

a

the scheme year is the first to end on or after the date the person became a member of the scheme, and

b

the end of that scheme year falls at a time when—

i

no contributions have been credited to the scheme in respect of the person, or

ii

the person has the right to opt out of the scheme under section 8 of the Pensions Act 2008 (jobholder's right to opt out).

10

For the purposes of paragraph (6), a part of an occupational pension scheme that provides additional money purchase benefits where the member pays voluntary contributions to that part is to be treated as a separate scheme from any other part of that scheme.

PART 6Lifestyling and accessing benefits18Lifestyling1

The information listed in Part 3 of Schedule 2 must be given to a member in accordance with this regulation where the scheme contains provision for lifestyling.

2

The information must, subject to paragraph (3), be given between 5 and 15 years before the member's retirement date.

3

Information need not be given under paragraph (2) where it has been given in the previous 12 months under regulation 6.

18AInformation to be given on request and on a member providing certain information1

The information mentioned in paragraph (2) must be given in accordance with this regulation to a member who—

a

has an opportunity to transfer flexible benefits;

bi

requests information about what the member may do with the flexible benefits; or

ii

informs the trustees or managers of the scheme that the member is considering, or has made a decision in relation to, what to do with the flexible benefits;

ci

will reach normal minimum pension age within four months of making a request, or informing the trustees or managers of the scheme, in accordance with sub-paragraph (b);

ii

has reached normal minimum pension age; or

iii

meets the ill-health condition; and

d

has not been given information under this regulation or regulation 19(2)(b)(ii) (first information on accessing benefits) in the previous 12 months.

2

The information is—

a

a statement of the options available to the member under the scheme rules; and

b

that listed in Part 3 of Schedule 7 (information to be given to members having an opportunity to transfer flexible benefits) and in Schedule 10 (information to be given on the pensions guidance and members’ benefits).

3

The information must be given within two months of the member making a request, or informing the trustees or managers of the scheme, in accordance with paragraph (1)(b).

18BInformation to be given on communicating with a member about what the member may do with flexible benefits1

Subject to paragraph (5), the information mentioned in paragraph (2) must be given to a member in accordance with this regulation where—

a

the member has an opportunity to transfer flexible benefits;

b

the trustees or managers of the scheme contact the member, or the member contacts the trustees or managers of the scheme, in connection with what the member may do with the flexible benefits; and

c

the member—

i

will reach normal minimum pension age within four months of the date on which the contact mentioned in sub-paragraph (b) is made;

ii

has reached normal minimum pension age; or

iii

meets the ill-health condition.

2

The information is—

a

that listed in paragraphs 1, 4 and 5 of Schedule 10;

b

that listed in paragraphs 2 and 3 of Schedule 10, unless the trustees or managers of the scheme—

i

give information under this regulation verbally; and

ii

offer to give the member information about how the member may access the pensions guidance and the offer is declined by the member; and

c

where information has not been given to the member under regulation 18A (information to be given on request and on a member providing certain information) in the previous 12 months, a statement that—

i

the member may request information about—

aa

the flexible benefits that may be provided to the member;

bb

the member’s opportunity to transfer those benefits; and

cc

the options available to the member under the scheme rules; and

ii

the information may help the member to decide what to do with the flexible benefits.

3

The information may be given verbally unless the member requests that the information is given in writing.

4

The information must be given within 20 days of the contact mentioned in paragraph (1)(b) or the request mentioned in paragraph (3), whichever is later.

5

No information is required to be given under this regulation where—

a

the member informs the trustees or managers of the scheme that the member has accessed the pensions guidance in the previous 12 months;

b

the member informs the trustees or managers of the scheme that the member has received independent financial advice in the previous 12 months about what the member may do with the flexible benefits; or

c

the trustees or managers of the scheme—

i

have given information to the member under regulation 18A in the two months immediately preceding the date on which the contact mentioned in paragraph (1)(b) is made; or

ii

are required to give information to the member under regulation 18A within two months of the date on which the contact mentioned in paragraph (1)(b) is made.

19First information on accessing benefits1

The information mentioned in paragraph (2) must be given in accordance with this regulation to a member who has a right or entitlement to flexible benefits.

2

The information is—

a

where the member has been given information in accordance with regulation 18A in the 12 months before the date on which the trustees or managers of the scheme give information under this regulation—

i

a statement that the member has been given information about—

aa

the flexible benefits that may be provided to the member;

bb

the member’s opportunity to transfer those benefits; and

cc

the options available to the member under the scheme rules; and

ii

that listed in paragraphs 1 to 9 of Schedule 10; and

b

in any other case—

i

a statement of the options available to the member under the scheme rules; and

ii

where the member has an opportunity to transfer flexible benefits, that listed in Part 3 of Schedule 7 and in Schedule 10.

3

The information must be given at least four months before—

a

where there is a retirement date, that date, or

b

where there is no retirement date, the date the member attains normal pension age .

4

For the purposes of paragraph (3) where the interval between the date on which the retirement date is specified and the date that the benefits will become payable is less than four months, the information must be given within 20 days of the date on which the retirement date is specified.

5

In this regulation, “retirement date” means the date specified by—

a

the member to the trustees or managers of the scheme that is acceptable under the rules of the scheme, or

b

the trustees or managers of the scheme where no acceptable date has been specified under sub-paragraph (a).

19ARetirement risk warnings1

Subject to paragraphs (5) and (7), the trustees or managers of the scheme must give a retirement risk warning to a member in accordance with this regulation where they are giving a member—

a

information in accordance with regulation 18A, 18B or 19 or the member has been given such information previously; and

b

an application form, online access, information about access or any other method of access that enables the member to require the trustees or managers of the scheme to take any of the actions in paragraph (2).

2

The actions referred to in paragraph (1)(b) are—

a

the application of sums or assets held for the purpose of providing flexible benefits for purchasing an annuity;

b

the payment of a lump sum in respect of flexible benefits; or

c

the designation of sums or assets held for the purpose of providing flexible benefits as available for the payment of drawdown pension.

3

A retirement risk warning under paragraph (1) must be given at the same time as the method of access in paragraph (1)(b) and before any of the actions set out in paragraph (2) are concluded.

4

When giving a retirement risk warning to a member, the trustees or managers of the scheme must also give the member a statement that asks the member to note the importance of—

a

reading the retirement risk warning; and

b

accessing pensions guidance or independent advice.

5

A retirement risk warning for any specific action in paragraph (2) need not be given to a member within 12 months of a retirement risk warning for that action having been given in accordance with this regulation to that member.

6

For the purpose of—

a

this regulation, “retirement risk warning” means a statement that sets out the characteristic attributes and features of an annuity, lump sum and drawdown pension referred to in paragraph (2) and the factors in paragraph (b)(iv); and

b

sub-paragraph (a)—

i

the statement must be generic in nature and not tailored to or based on the personal circumstances of any individual member;

ii

the statement may be limited to the characteristic attributes and features of an annuity, lump sum or drawdown pension referred to in paragraph (2) in respect of which the trustees or scheme managers are giving the member a method of access in paragraph (1)(b);

iii

characteristic attributes and features are those that have the potential to adversely affect the retirement income of any member or their widow, widower, surviving civil partner, nominee, successor or other dependant; and

iv

the factors are those that have the potential to affect the appropriateness of an annuity, lump sum and drawdown pension for a member such as: the impact of health status and lifestyle choices; whether a member has dependants, is in debt or in receipt of means tested benefits; and any other relevant factors.

7

Subject to paragraph (8)—

a

a retirement risk warning under paragraph (1) need not be given where the trustees or managers of the scheme give the member an appropriate risk warning before any of the actions listed in paragraph (2) are concluded;

b

an appropriate risk warning must be given either verbally or in writing; and

c

for the purposes of sub-paragraphs (a) and (b), an appropriate risk warning is a statement—

i

that sets out the risks associated with any of the actions listed in paragraph (2) that the member is proposing to require the trustees or managers of the scheme to take and that have the potential to adversely affect the retirement income of that member or their widow, widower, surviving civil partner, nominee, successor or other dependant; and

ii

that is based on the characteristic attributes and features of an annuity, lump sum or drawdown pension referred to in paragraph (2) and answers to questions the trustees or managers of the scheme have asked the member in order to identify any factors or other variables that increase the risks referred to in paragraph (i).

8

Paragraph (7) only applies where the trustees or managers of the scheme have—

a

asked the member whether they have received pensions guidance or independent advice; and

b

if the member has not received such guidance or advice, or is unsure, encouraged the member to use pensions guidance or to take independent advice to understand the options available to that member at retirement.

20Second information on accessing benefits1

The information mentioned in paragraph (2) must be given to a person in accordance with this regulation where benefit under the scheme has, or is about to, become payable to the person.

2

The information is the information listed—

a

in paragraphs 6 to 9 of Schedule 7, ...

b

in Part 1 of that Schedule where the person has an opportunity to select an annuity under any rights and options in relation to the death of the member; and

c

in Part 1 of Schedule 10 (information on the pensions guidance) where the person, under any rights and options in relation to the death of the member, has an opportunity to—

i

transfer accrued rights to flexible benefits out of the scheme under the scheme rules;

ii

apply sums or assets held for the purpose of providing flexible benefits for purchasing an annuity;

iii

take payment of a lump sum in respect of flexible benefits; or

iv

designate sums or assets held for the purpose of providing flexible benefits as available for the payment of drawdown pension.

3

The information mentioned in paragraph (2)(a) must be given—

a

where benefit becomes payable on or after normal pension age before benefit becomes payable, if practicable and in any event within one month after benefit becomes payable, or

b

where benefit becomes payable on a date before normal pension age, within two months of that date.

4

Before benefit becomes payable—

a

the information mentioned in sub-paragraph (b) of paragraph (2) must be given to a person having the opportunity mentioned in that sub-paragraph;

b

the information mentioned in sub-paragraph (c) of paragraph (2) must be given to a person having an opportunity mentioned in that sub-paragraph.

21Accessing benefits on the death of the member or beneficiary1

The information mentioned in paragraph (2) must be given in accordance with this regulation where the trustees or managers of the scheme are aware that—

a

a member or beneficiary of the scheme has died, and

b

a person may be entitled to exercise rights or options under the scheme as a result of that death.

2

The information is the information listed in—

a

Part 1 and paragraphs 8 to 10 of Schedule 7 where the person referred to in paragraph (1)(b) has an opportunity to select an annuity, ...

b

Part 2 of that Schedule in any other case; and

c

Part 1 of Schedule 10 where the person has an opportunity to—

i

transfer accrued rights to flexible benefits out of the scheme under the scheme rules;

ii

apply sums or assets held for the purpose of providing flexible benefits for purchasing an annuity;

iii

take payment of a lump sum in respect of flexible benefits; or

iv

designate sums or assets held for the purpose of providing flexible benefits as available for the payment of drawdown pension.

3

The information must be given to—

a

the person referred to in paragraph (1)(b), if that person is at least 18 years old and the trustees or managers of the scheme know their postal or electronic address, and

b

subject to paragraph (4), a person who is—

i

a personal representative of the member or beneficiary of the scheme, or

ii

authorised to act on behalf of the person referred to in paragraph (1)(b).

4

For the purposes of paragraph (3), the information—

a

must be given only where the personal representative or the person authorised to act requests it, and

b

need not be given where a request is made within three years of the same information being given under this regulation to the same person in the same capacity.

5

The information must be given as soon as possible and in any event within two months of—

a

the date on which the trustees or managers of the scheme become aware of the death, or

b

the request referred to in paragraph (4).

PART 7Information about benefits in payment22Changes to benefits1

The information listed in paragraphs 6, 8 and 9 of Schedule 7 must be given to a person in accordance with paragraph (2) where—

a

the amount of benefit payable to the person alters, and

b

that alteration is not made in accordance with the provisions referred to in paragraph 7(b) of Schedule 7.

2

The information must be given before the date on which the decision to alter the benefit takes effect, where possible and in any event within one month of that date.

PART 8Information about winding up23Personal pension schemes that have begun winding up1

The information mentioned in paragraph (3) must be given to members, except excluded persons, in accordance with this regulation.

2

The information must be given where a decision has been made to wind up the scheme or to cease accepting contributions or to cause it to cease to manage the contributions already paid to it (“the decision”).

3

The information is—

a

notification of the decision,

b

the information listed in paragraphs 11 to 13 of Schedule 8,

c

the information listed in paragraph 14 of Schedule 8 where the scheme is unable to meet in full its liabilities to its members.

4

The information must be given as soon as practicable after the decision and, in any event—

a

the notification referred to in paragraph (3)(a) must be given within one month, and

b

the information mentioned in paragraph (3)(b) and (c) must be given within four months,

of the decision.

24Occupational pension schemes during winding up1

The information mentioned in paragraph (2) must be given to members and beneficiaries of the scheme, except excluded persons, in accordance with this regulation where the trustees have begun to wind up the scheme.

2

The information is the information listed in—

a

Part 1 of Schedule 8,

b

paragraphs 5, 6 and 7 of that Schedule, and

c

Part 4 of that Schedule.

3

Where the trustees begin to wind up the scheme on a date on or after 6th April 2014—

a

the information mentioned in paragraph (2)(a) must be given as soon as practicable and in any event no more than one month of that date, and

b

the information mentioned in paragraph (2)(b) must be given within every 12 months of the date information was given under sub-paragraph (a) until the trustees complete winding up the scheme.

4

Where the trustees began to wind up the scheme before 6th April 2014, the information mentioned in paragraph (2)(b) must be given within 12 months of 6thApril 2014 and within every 12 months thereafter until the trustees complete winding up the scheme.

5

Where a request is made for the information mentioned in paragraph (2)(c), it must be given within two months of the date the request is made.

6

For the purposes of this regulation the date the trustees begin to wind up the scheme is to be determined—

a

in a case where regulation 2 of the Occupational Pension Schemes (Winding Up) Regulations 1996 (commencement of winding up) applies, in accordance with that regulation, and

b

in any other case, in accordance with section 124(3A) and (3B) of the 1995 Act.

7

Where a scheme is a sectionalised scheme, this regulation applies as if—

a

each section of the scheme were a separate scheme, and

b

the members of each section were the members of a separate scheme.

8

For the purposes of paragraph (6), a sectionalised scheme is a scheme where—

a

Part 3 of the 2004 Act (scheme funding) applies to the scheme as if a section of a scheme were a separate scheme by virtue of paragraph 1 of Schedule 2 to the Occupational Pension Schemes (Scheme Funding) Regulations 2005 (sectionalised multi-employer schemes), or

b

Part 3 of the 2004 Act does not apply to the scheme, but would apply in that way if it did.

25Occupational pension schemes after winding up for individual members1

The information mentioned in paragraph (2) must be given in accordance with this regulation where—

a

the scheme is being wound up, and

b

the trustees or managers of the scheme have done what they can to discharge the scheme's liabilities for a particular member or beneficiary of the scheme.

2

The information is—

a

where the member or beneficiary of the scheme—

i

has rights to benefits other than money purchase benefits, the information mentioned in Part 2 of Schedule 8; or

ii

has rights to money purchase benefits, the information mentioned in paragraph 10 of Schedule 8; and

b

where the member or beneficiary of the scheme is, for the time being—

i

entitled to payment of benefits, the information listed in paragraphs 6 and 7 of Schedule 7, or

ii

except in relation to money purchase benefits, not entitled to payment of benefits, the information listed in paragraph 16 of Schedule 8.

3

The information mentioned in paragraph (2) must be given to the member or beneficiary of the scheme except that an excluded person need not be given the information mentioned in paragraph (2)(b)(ii).

4

The information must be given as soon as practicable after and in any event no more than three months of the date paragraph (1)(b) is satisfied.

PART 9Giving information and documents26Giving information and documents1

Except where these Regulations otherwise provide, the methods for giving information or documents that these Regulations require to be given include the methods set out in paragraph (2).

2

The information may be given by—

a

sending it to the person's last known postal address, or

b

subject to paragraphs (3) to (5), using either or both of the following methods—

i

sending it to the person's last known electronic address, or

ii

making it available on a website (see regulation 27).

3

Where a member or beneficiary of the scheme has requested in writing that—

a

any of the information, or

b

all of the information,

is not given in accordance with paragraph (2)(b), that information may not be given in accordance with paragraph (2)(b).

4

Information may only be given by an electronic communication where the trustees or managers of the scheme are satisfied that the electronic communications have been designed—

a

so that the person will be able to—

i

get access to, and

ii

store or print,

the information, and

b

taking into account the requirements of disabled persons.

4A

The provisions of paragraph (4) do not apply where regulation 29A applies to the information.

5

Where—

a

a member or beneficiary of the scheme was a member or beneficiary of the scheme on 1st December 2010, and

b

information was not given by the trustees or managers of the scheme before that date by the methods described in paragraph (2)(b),

information may not be given to that member or beneficiary of the scheme in accordance with paragraph (2)(b) unless the trustees or managers of the scheme have given them the written notice referred to in paragraph (6).

6

The written notice mentioned in paragraph (5) must state that—

a

the trustees or managers of the scheme propose to give information to the member or beneficiary of the scheme by means of an electronic communication, and

b

the member or beneficiary of the scheme may request in writing that information is not given by means of an electronic communication.

7

The written notice mentioned in paragraph (5) must not be given by the methods mentioned in paragraph (2)(b).

27Provision of information on a website1

Except where regulation 29A provides otherwise, where a website is used for the first time to make available the information or document, a notification must be given to the recipient.

2

The notification referred to in paragraph (1) must include—

a

a statement that the information or document is available on the website,

b

the website address,

c

details of the place on the website where the information or document may be read, and

d

an explanation of how the recipient may read the information or document on the website.

3

Subject to regulation 28, each time a website is used at a subsequent time to make available information or documents, a notification must be given to the recipient.

4

The notification referred to in paragraph (3) must state that the information or document is available on the website.

5

The notifications mentioned in paragraphs (1) and (3) must not be given by making them available on a website.

28Provision of information on a website: supplemental1

The notification mentioned in regulation 27(3) need not be given where paragraphs (2) to (4) are satisfied.

2

This paragraph is satisfied where—

a

the trustees or managers of the scheme have given the recipient at least two documents by either of the following methods—

i

given by hand, or

ii

sent to the recipient's last known postal address, and

b

each of those documents—

i

asks the recipient to give their electronic address to the trustees or managers of the scheme except where the trustees or managers of the scheme do not have the facility for sending information or documents to that address, and

ii

states that the recipient may request in writing that information or documents are not given by means of an electronic communication.

3

This paragraph is satisfied where—

a

paragraph (2) is satisfied, and

b

the trustees or managers of the scheme have given the recipient, by either of the methods mentioned in paragraph (2)(a), a further document that—

i

meets the requirements of paragraph (2)(b), and

ii

states that further information and documents will be available to read on the website and that no further notifications will be sent to the recipient.

4

This paragraph is satisfied where—

a

paragraphs (2) and (3) are satisfied, and

b

the trustees or managers of the scheme—

i

do not know the recipient's electronic address or do not have the facility for sending information or documents to that address, and

ii

have not received a written request that information or documents are not given to the recipient by means of an electronic communication.

5

Where the information to be made available is that required by paragraph (1) of regulation 17, the notification mentioned in regulation 27(3) need only be given as required by paragraph (7) of regulation 17.

29Giving information and documents in certain cases1

Information or documents to be given in accordance with this regulation are to be given as follows.

2

Where the person or recognised trade union makes a request for the information in hard copy form, the trustees or managers of the scheme must, subject to paragraph (3) give the information in that form and if a charge is levied for giving the information in that form, it must not exceed the cost of producing and giving it.

3

Where the information in hard copy form is publicly available, the trustees or managers of the scheme may give details of where it is publicly available instead of giving it under paragraph (2).

4

Where the person or recognised trade union makes a request for the information other than in hard copy form, it may be made available free of charge—

a

for inspection at a place that is reasonable having regard to who made the request, or

b

on a website.

5

For the purposes of paragraph (4)(b), the provisions of regulations 27 and 28 do not apply, except that the trustees or managers of the scheme must give the notification described in regulation 27(2) to the person or recognised trade union who requested the information.

6

Information is in “hard copy form” if it is given in a paper copy or similar form capable of being read.

29APublishing charges and transaction costs1

Where the scheme is a relevant scheme within the meaning of the Occupational Pension Schemes (Scheme Administration) Regulations 1996, the information specified in paragraph (2) must be made publicly available free of charge on a website in accordance with this regulation.

2

The specified information is the information which must be included in the most recent statement prepared under regulation 23 (annual statement regarding governance) of those Regulations in accordance with the following paragraphs of that regulation—

a

paragraph (1)(a);

b

paragraph (1)(c); and

c

paragraph (1)(ca).

3

Where this regulation applies—

a

a notification need not be given under regulation 27 in relation to the information on the website where information is given to the person in accordance with paragraph 5B(a) of Schedule 6 (statements of benefits: money purchase and cash balance benefits); and

b

the trustees or managers of the scheme must have regard to guidance prepared from time to time by the Secretary of State concerning the publication of the information.

4

Where a person requests the trustees or managers of the scheme to provide the information referred to in paragraph (2) in hard copy form, the trustees or managers of the scheme must give that information to the person in hard copy form only where the trustees or managers are satisfied that it would be unreasonable for that person to obtain it from the website on which it is published.

5

Where information is required to be given in hard copy form in accordance with paragraph (4), it must be given within two months of the date the request is made.

30Responsibility for giving information and documents

The trustees or managers of a scheme are responsible for ensuring that information or documents are given in accordance with these Regulations whether they give the information or documents—

a

directly, or

b

indirectly, through a third party.

Signed by authority of the Secretary of State for Work and Pensions.

Esther McVey Minister of State, Department for Work and Pensions
SCHEDULESSCHEDULE 1

Regulation 4(1), (4) and (5)

Description of schemes11

An occupational pension scheme falls within this paragraph if it meets the following conditions.

2

The first condition is that the scheme—

a

is a tax registered scheme,

b

was formerly—

i

approved by the Commissioners for Her Majesty's Revenue and Customs for the purposes of section 590 or 591 of the Income and Corporation Taxes Act 1988 ,

ii

a statutory scheme as defined in section 611A of that Act , or

iii

approved by the Commissioners for Her Majesty's Revenue and Customs under Chapter 4 of Part 14 of that Act ,

c

has a superannuation fund as referred to in section 615(6) of the Income and Corporation Taxes Act 1988 (exemption from tax in respect of certain pensions) and has trustees or managers of the scheme who are—

i

authorised under section 288 of the 2004 Act (general authorisation to accept contributions from European employers), and

ii

approved under section 289 of the 2004 Act (approval in relation to particular European employer) in relation to a European employer , or

d

is a public service pension scheme .

3

The second condition is that the scheme—

a

has 2 or more members,

b

does not provide only death benefits,

c

is established in the United Kingdom or has at least one trustee or manager resident in the United Kingdom, and

d

is not established by the Salvation Army Act 1963.

2

A personal pension scheme falls within this paragraph if it is not a pension scheme that is—

a

either—

i

set up or established in an annuity contract, or

ii

a trust scheme, and

b

to be treated as becoming a registered pension scheme under section 153(9) of the Finance Act 2004 in accordance with paragraph 1(1)(f) of Schedule 36 to that Act.

SCHEDULE 2

Regulations 6(2), 7(2), 8(1) and 18(1)

Basic informationPART 1Information to be given by occupational pension schemes that fall within paragraph 1 of Schedule 11

The conditions persons must meet to become members of the scheme and a summary of the categories of persons who are eligible to become members of the scheme.

2

How persons who are eligible to be members of the scheme are admitted to it.

3

A summary of what can be done with a member's accrued rights where the member leaves pensionable service before normal pension age, including whether accrued rights can be transferred out of the scheme, converted into an annuity , designated as available for the payment of drawdown pension and commuted to a lump sum.

4

A statement relating to the matters mentioned in paragraph 3—

a

as to whether a charge may be made, and

b

that further information is available on request.

4A

Where the member has flexible benefits, a statement explaining the circumstances in which the member may transfer accrued rights to flexible benefits out of the scheme.

4B

Subject to paragraph 4C where the member has safeguarded benefits (which has the meaning given in section 48(8) of the Pension Schemes Act 2015 (independent advice in respect of conversions and transfers)), a statement that the member may be required to take independent advice before the member may—

a

convert any of the safeguarded benefits into different benefits that are flexible benefits under the scheme;

b

transfer safeguarded benefits to another pension scheme with a view to acquiring a right or entitlement to flexible benefits; and

c

withdraw an uncrystallised funds pension lump sum (which has the meaning given in paragraph 4A of Schedule 29 to the Finance Act 2004 (uncrystallised funds pension lump sum)).

4C

Paragraph 4B does not apply to a member of an occupational pension scheme that is an unfunded public service defined benefits scheme, unless it is a scheme in relation to which section 95(2A)(a)(i) of the 1993 Act has been disapplied, pursuant to section 95(2B) of that Act (ways of taking right to cash equivalent).

5

Whether the scheme is a tax registered scheme or, if not, whether an application for the scheme to become a tax registered scheme is under consideration by the Commissioners for Her Majesty's Revenue and Customs.

6

A statement that explains whether transfers can be made into the scheme, including whether such transfers can be made in accordance with Chapters 1 and 2 of Part 4ZA of the 1993 Act (transfers and contribution refunds).

7

The arrangements, if any, for the payment by members of additional voluntary contributions.

8

A summary of how the contributions, if any, payable by the employer and the member are calculated.

9

Where the scheme is the National Employment Savings Trust Corporation established under section 75(1) of the Pensions Act 2008 , a statement of the maximum amount, if any, of contributions that may be paid in any tax year in relation to a member of the scheme.

10

A statement that—

a

the Money and Pensions Service is available at any time to assist members and beneficiaries with—

i

pensions questions, and

ii

issues they have been unable to resolve with the trustees or managers of the scheme,

b

the Pensions Ombudsman may investigate and determine certain complaints or disputes about pensions that are referred to the Ombudsman in accordance with the 1993 Act, and

c

the Regulator may intervene in the running of schemes where trustees, managers, employers or professional advisers have failed in their duties.

11

The postal and electronic address at which each of the bodies referred to in paragraph 10 may be contacted.

12

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13

If a member of the scheme has to give a period of notice to terminate their pensionable service, the length of that period of notice.

14

Whether, and if so on what conditions (if any), a member of the scheme, whose pensionable service has terminated before normal pension age, may re-enter pensionable service.

15

The following information about benefits payable under the scheme (referred to in this paragraph as “benefits”)—

a

what the benefits are,

b

how benefits are calculated,

c

how the scheme defines pensionable earnings, if appropriate,

d

how and when benefits in payment are increased, if appropriate,

e

the rate at which rights to benefits accrue, if appropriate,

f

the conditions on which benefits are payable,

g

when benefits (including survivor's benefits) are payable.

16

Where the member has money purchase benefits, a statement that the value of the pension will depend on several factors including the amount of the contributions paid, any cost of exercising any right to transfer the benefits, any charges payable, the age at which the member accesses the benefits”, the performance of investments and any cost of converting the benefit into an annuity.

16A

Where the member has rights to cash balance benefits, a statement that the value of the pension will depend on several factors including the amount of contributions paid, any cost of exercising any right to transfer the benefits, any charges payable, the age at which the member accesses the benefits, any guaranteed interest or bonuses applied and any cost of converting the benefits into an annuity.

17

Except where the scheme is a public service pension scheme, a statement that the scheme annual report will be given on request.

181

The scheme's internal dispute resolution arrangements.

2

The postal or electronic address and job title of the person who should be contacted to use those arrangements.

3

This paragraph does not apply to a scheme within section 50(8) of the 1995 Act (requirement for dispute resolution arrangements).

PART 2Information to be given by occupational pension schemes not falling within paragraph 1 of Schedule 1 and schemes that are established under the Salvation Army Act 196319

The following information about benefits payable under the scheme (referred to in this paragraph as “benefits”)—

a

what the benefits are,

b

how benefits are calculated,

c

how the scheme defines pensionable earnings, if appropriate,

d

how and when benefits in payment are increased, if appropriate,

e

the rate at which rights to benefits accrue, if appropriate,

f

the conditions on which benefits are payable,

g

when benefits (including survivor's benefits) are payable.

20

A statement that explains whether transfers can be made into the scheme, including whether such transfers can be made in accordance with Chapters 1 and 2 of Part 4ZA of the 1993 Act.

21

A summary of what can be done with a member's accrued rights where the member leaves pensionable service before normal pension age, including whether the accrued rights can be transferred out of the scheme, converted into an annuity, designated as available for the payment of drawdown pension and commuted to a lump sum.

22

A statement relating to the matters mentioned in paragraph 21—

a

as to whether a charge may be made, and

b

that further information is available.

22A

Where the member has flexible benefits, a statement explaining the circumstances in which the member may transfer accrued rights to flexible benefits out of the scheme.

22B

Subject to paragraph 22C where the member has safeguarded benefits (which has the meaning given in section 48(8) of the Pension Schemes Act 2015), a statement that the member may be required to take independent advice before the member may—

a

convert any of the safeguarded benefits into different benefits that are flexible benefits under the scheme;

b

transfer safeguarded benefits to another pension scheme with a view to acquiring a right or entitlement to flexible benefits; and

c

withdraw an uncrystallised funds pension lump sum (which has the meaning given in paragraph 4A of Schedule 29 to the Finance Act 2004).

22C

Paragraph 22B does not apply to a member of an occupational pension scheme that is an unfunded public service defined benefits scheme, unless it is a scheme in relation to which section 95(2A)(a)(i) of the 1993 Act has been disapplied, pursuant to section 95(2B) of that Act.

231

The scheme's internal dispute resolution arrangements.

2

The postal or electronic address and job title of the person who should be contacted to use those arrangements.

3

This paragraph does not apply to a scheme within section 50(8) of the 1995 Act.

24

A statement that—

a

the Money and Pensions Service is available at any time to assist members and beneficiaries with—

i

pensions questions, and

ii

issues they have been unable to resolve with the trustees or managers of the scheme,

b

the Pensions Ombudsman may investigate and determine certain complaints or disputes about pensions that are referred to the Ombudsman in accordance with the 1993 Act, and

c

the Regulator may intervene in the running of schemes where trustees, managers, employers or professional advisers have failed in their duties.

25

The postal address and electronic address at which each of the bodies referred to in paragraph 24 may be contacted.

26

A statement setting out—

a

which benefits—

i

are provided by means of the setting aside of resources (other than assets at the disposal of the employer of any person who is employed in relevant employment) for a benefit, before the benefit becomes payable, that are related to the intended rate or amount of benefit; and

ii

are not provided by that means; and

b

the manner in which any benefits mentioned in sub-paragraph (a)(i) are secured.

27

A statement that most of the provisions of the 1995 Act do not apply to the scheme.

28

Where the member has money purchase benefits, a statement that the value of the pension will depend on several factors including the amount of the contributions paid, the performance of investments and the cost of converting the benefit into an annuity.

28A

Where the member has rights to cash balance benefits, a statement that the value of the pension will depend on several factors including the amount of contributions paid, any guaranteed interest or bonuses applied and the cost of converting the benefits into an annuity.

PART 3Lifestyling29

A statement explaining lifestyling, its advantages and disadvantages, and either—

a

that lifestyling will be adopted, indicating when lifestyling is likely to be adopted, or

b

that lifestyling has been adopted.

SCHEDULE 3

Regulations 11 to 14

Information to be given on requestPART 1Information on the constitution of the scheme1

The contents of any trust deed or document under which the scheme is made.

2

The scheme rules.

3

The contents of any document that supplements or alters in any way the information referred to in paragraphs 1 and 2.

4

The name and postal and electronic address of every person who employs any member of the scheme in relevant employment.

PART 2Information in the annual report etc.5

A copy of the appropriate audited accounts or auditor's statements prepared and audited in accordance with regulations made under section 41 of the 1995 Act (provision of documents for members).

6

If Part 3 of the 2004 Act applies, a copy of the certificate by the actuary under section 227 of the 2004 Act (schedule of contributions) about the adequacy of the contributions payable towards the scheme.

7

Any of the information listed in Part 5 of this Schedule that applies.

PART 3Information on funding principles and actuarial valuations etc.8

The latest statement of funding principles where required under section 223 of the 2004 Act (statement of funding principles).

9

Where Part 3 of the 2004 Act applies to the scheme, a copy of the last actuarial valuation referred to in section 224 of the 2004 Act (actuarial valuations and reports) that the trustees or managers of the scheme have received.

10

Where Part 3 of the 2004 Act applies to the scheme, the latest actuarial report referred to in section 224 of the 2004 Act that the trustees or managers of the scheme have received after the last actuarial valuation.

11

Any recovery plan prepared under section 226 of the 2004 Act (recovery plan) that is currently in force.

12

The latest payment schedule under section 87 of the 1995 Act (schedules of payments to money purchase schemes) or the latest schedule of contributions under section 227 of the 2004 Act that relates to the employer of the member.

13

The latest statement of principles governing decisions about investments where required by section 35 of the 1995 Act (investment principles).

14

A summary of the winding up procedure under section 231A of the 2004 Act (requirements for winding up procedure).

PART 4Information on transfer credits15

Whether the member or prospective member is entitled to acquire transfer credits in exchange for—

a

a specified cash equivalent (within the meaning of Chapter 1 of Part 4ZA, or Chapter 2 of Part 4A, of the 1993 Act) (requirements relating to pension credit benefit) provided by another scheme, or

b

any transfer payment (within the meaning of Chapter 1 of Part 4ZA, or Chapter 2 of Part 4A, of the 1993 Act) provided by another scheme.

16

A statement of any transfer credits referred to in paragraph 15 which the member or prospective member is entitled to acquire.

PART 5Information that applies to the scheme17

The names of the persons who are trustees of the scheme, and in the case of a scheme none of the trustees of which is an individual, the names of the directors of any company that is a trustee, during the scheme year to which the information relates (referred to in this Part as “the year”).

18

The provisions of the scheme in relation to the appointment of trustees and their removal from office and, in the case of a scheme none of the trustees of which is an individual, the provisions in the articles of association of each trustee that relate to the appointment and removal from office of any directors.

19

The names of the professional advisers and of such banks, custodians, and other persons and organisations who have acted for or who have been retained by the trustees during the year, with an indication (except in a case where regulation 12 is complied with by the trustees of a scheme for the first time) of any changes since the previous year.

20

The postal and electronic address to which enquiries about the scheme generally or about an individual's entitlement to benefit should be sent.

21

The number of beneficiaries and active, deferred and pensioner members as at any one date during the year.

22

Except in the case of a money purchase scheme, the percentage increases made (otherwise than in accordance with a legislative requirement) during the year (or, if there have been different increases for different individuals or groups of individuals, the maximum, minimum and average percentage increases) to—

a

pensions that were payable, and

b

deferred pensions,

with a statement whether the increases were to any extent discretionary.

23

Except in the case of a money purchase scheme that is a wholly insured scheme, the following information—

a

where any cash equivalents ... (within the meaning of Chapter 1 of Part 4ZA or Chapter 2 of Part 4A of the 1993 Act) paid during the year were not calculated and verified in the manner prescribed by regulations made under sections 97 or 101I of the 1993 Act (calculation of cash equivalents), as the case may be, a statement explaining why,

b

where any of the cash equivalents ... paid during the year were less than the amount for which section 94 of the 1993 Act (right to cash equivalent) provides, a statement to that effect together with information as to why they were less,

c

a statement of when full values became, or are likely to become, available, and

d

a statement whether discretionary benefits are included in the calculation of the transfer values and, if so, the method by which the value of discretionary benefits is assessed.

24

A statement as to whether the accounts have been prepared and audited in accordance with regulations made under section 41(1) and (6) of the 1995 Act (unless the scheme is exempt from such requirements by virtue of those regulations).

25

If the auditor's statement made in accordance with regulations made under section 41(1)(a) and (2)(b) of the 1995 Act is negative or qualified, an account of the reasons why and a statement as to how the situation has been or is likely to be resolved.

26

If such situation as is mentioned in paragraph 25 in respect of a previous scheme year was not resolved in a previous year, a statement as to how it has been or is likely to be resolved.

27

Who has managed the investments of the scheme during the year and the extent of any delegation of this function by the trustees.

28

Whether the trustees have produced a statement of the principles governing decisions about investments for the purposes of the scheme in accordance with section 35 of the 1995 Act (investment principles) (unless the scheme is exempt from such requirement by virtue of regulations made under that section) and, where the trustees have produced such a statement, a statement that a copy is available on request.

29

Except in relation to a wholly insured scheme, a statement as to the trustees' policy on the custody of the scheme assets.

30

Where the scheme is one to which section 35 of the 1995 Act applies, an investment report containing—

a

a statement by the trustees or the fund manager providing details of any investments made for the scheme during the year that were not made in accordance with the statement of investment principles governing decisions about investments required under section 35 of the 1995 Act,

b

where investments for the scheme have been made in the year that do not accord with the statement of investment principles governing decisions about investments required under section 35 of the 1995 Act (or were made in a previous year and continued to be held at the end of the year), a statement by the trustees or the fund manager giving the reasons why and explaining what action, if any, it is proposed to take or has already been taken to remedy the position,

c

a review of the investment performance of the scheme's fund—

i

during the year, and

ii

except where the scheme has existed for less than three scheme years, during a period of not less than 3 and not more than 5 scheme years ending with the year,

including an assessment of the nature, disposition, marketability, security and valuation of the scheme's assets,

d

the trustees' policy (if any) in relation to the rights (including voting rights) attaching to investments, and

e

the extent (if at all) to which social, environmental or ethical considerations are taken into account in the selection, retention and realisation of investments.

31

A copy of any statement made on the resignation or removal of the auditor or actuary and made in accordance with regulations made under section 47(6) of the 1995 Act (professional advisors).

32

Except where the scheme is a trust scheme that applies to earners in employments under different employers, where the scheme has employer-related investments (within the meaning of section 40(2) of the 1995 Act (restriction on employer-related investments)), a statement—

a

as to the percentage of the scheme's resources invested in such investments at the end of the year,

b

if that percentage exceeds 5%, as to the percentage of the scheme's resources that are investments to which regulation 13 of the Occupational Pension Schemes (Investment) Regulations 2005 (investments to which restrictions do not apply) applies, and

c

if any resources of the scheme are invested in contravention of subsection (1) of section 40 of the 1995 Act—

i

as to the steps the trustees or managers of the scheme have taken or propose to take to secure that the scheme complies with that section, and

ii

as to the time when any proposed steps will be taken.

331

Where the scheme is a trust scheme that applies to earners in employments under different employers, a statement in accordance with paragraph 32 or a statement—

a

listing the 100 largest investments by value held by the scheme as at the end of the year and stating what percentage of the resources of the scheme each such investment represents,

b

identifying which of the investments referred to in paragraph (a) are employer-related investments, and

c

if, as at the end of the year, more than 5% of the resources of the scheme are invested in employer-related investments in contravention of section 40(1) of the 1995 Act in relation to a particular employer—

i

listing the employer-related investments and the name of the employer concerned,

ii

as to the steps the scheme has taken or proposes to take to ensure that the percentage is reduced to 5% or less, and

iii

as to the time when any proposed steps will be taken.

2

In sub-paragraph (1) “employer-related investments” has the same meaning as in subsection (2) of section 40 of the 1995 Act but as if the following words in subsection (2) were omitted—

a

in paragraph (a) “or by any person who is connected with, or an associate of, the employer”, and

b

“or any such person” in each place where they occur.

34

Where the scheme is a relevant scheme within the meaning of the Occupational Pension Schemes (Scheme Administration) Regulations 1996, the statement which the trustees or managers are required to prepare by regulation 23 of those Regulations (annual statement regarding governance).

PART 6INFORMATION TO BE GIVEN ABOUT POOLED FUNDS351

A statement identifying in relation to the provision of money purchase benefits to the member—

a

the international securities identification number (“the ISIN”) allocated in accordance with ISO 6166 (1st edition) published by the International Organisation for Standardisation on 31st August 2013 in relation to each collective investment scheme in which assets are directly invested on behalf of that member on the relevant date;

b

in the case of each unit-linked contract entered into by or on behalf of the trustees or managers which is in force on the relevant date in relation to that member, the ISIN (where present) relating to each collective investment scheme directly attributable to that contract; and

c

the name given by the manager of the collective investment scheme to the scheme to which an ISIN provided in accordance with sub-paragraph (a) or (b) relates.

2

In this paragraph—

a

“collective investment scheme” has the meaning given in regulation 1(2) (interpretation) of the Occupational Pension Schemes (Investment) Regulations 2005; and

b

“the relevant date” means—

i

the date the request is made under regulation 12A; or

ii

such earlier date as the trustees or managers of the scheme may specify which meets the following conditions—

aa

the date must be no more than 6 months before the date of the request; and

bb

the trustees or managers of the scheme must be satisfied that the investment options in which the assets of the member were invested on the date specified are the same as those in which the member is invested on the date of the request.

SCHEDULE 4

Regulation 15(1)

Summary funding statements1

A summary that—

a

explains the extent to which the assets of the scheme are adequate to cover its technical provisions, and

b

is based on—

i

the last actuarial valuation under section 224 of the 2004 Act received by the trustees or managers of the scheme, and

ii

any actuarial report under that provision they have received since that actuarial valuation.

2

In the case of the first summary funding statement issued in respect of the scheme, an explanation of the changes in the funding position of the scheme since—

a

the last actuarial valuation of the scheme under section 224(1)(a) of the 2004 Act, or

b

if no such valuation was obtained, the last actuarial valuation under the scheme rules.

3

In the case of any subsequent summary funding statement, an explanation of any change in the funding position of the scheme since the date of the previous summary funding statement.

4

The actuary's estimate of solvency contained in the last actuarial valuation under section 224 of the 2004 Act received by the trustees or managers of the scheme.

5

A summary of any recovery plan prepared under section 226 of the 2004 Act that is currently in force.

6

A statement explaining—

a

whether the scheme has been modified under section 231(2)(a) of the 2004 Act,

b

whether the scheme is subject to directions by the Regulator under section 231(2)(b) of the 2004 Act, and

c

whether the scheme is bound by a schedule of contributions imposed by the Regulator under section 231(2)(c) of the 2004 Act.

7

Where there has been a modification, directions or a schedule of contributions referred to in paragraph 6, a summary of the circumstances in which they were made.

8

A statement explaining whether any payment to the employer under section 37 of the 1995 Act (payment of surplus to employer) has been made—

a

in the case of the first summary funding statement issued in respect of the scheme, in the 12 months before the date on which that statement is prepared, and

b

in the case of any subsequent summary funding statement issued in respect of the scheme, since the date of the last such statement.

9

Where a payment referred to in paragraph 8 has been made, the amount of that payment.

SCHEDULE 5

Regulation 16(2)

Statements of benefits: non money purchase benefitsPART 1Information for active members1

The amount of any benefits (and how they are calculated) that would be payable on a date specified by the trustees or managers of the scheme if the member of the scheme were to die in service.

2

One of the following amounts, chosen by the trustees or managers of the scheme, of the member's benefits and survivors' benefits calculated without regard to possible increases in the member's salary—

a

the amounts that would be payable from the date benefits are payable if pensionable service were to end on a date specified by the trustees or managers of the scheme,

b

the amounts that would be payable from the date benefits are payable if pensionable service were to end on the member attaining normal pension age, or

c

the amounts that would be payable from the date benefits are payable if pensionable service were to end on a date agreed between the member and the trustees or managers of the scheme.

3

The amount of the member's pensionable remuneration on a date specified by the trustees or managers of the scheme.

PART 2Information for active and deferred members4

The date on which the member's pensionable service started.

5

A summary of the method for calculating the member's benefits and any survivors' benefits.

6

Details of how any deduction from benefits is calculated.

PART 3Information for deferred members7

The date the member's pensionable service ended.

8

The amount of the member's benefits and survivors' benefits payable from the date benefits are payable.

9

The amount of the member's pensionable remuneration on the date pensionable service ended.

PART 4Information for pension credit members10

The amount of the member's benefits and survivors' benefits payable from the date benefits are payable.

11

A summary of the method for calculating the member's benefits and any survivors' benefits.

12

Details of how any deduction from benefits is calculated.

SCHEDULE 6

Regulation 17

Statements of benefits: money purchase benefits and cash balance benefitsPART 1Information for all money purchase members1

The amount of contributions (before any deductions are made) credited to the member under the scheme during—

a

in the case of an occupational pension scheme—

i

the immediately preceding scheme year, and

ii

the scheme year mentioned in regulation 17(9)(a) if—

aa

contributions have been credited during that year, and

bb

the information relating to that year has not been given, and

b

in the case of a personal pension scheme, the 12 months immediately preceding a date specified by the managers of the scheme.

2

Where an occupational pension scheme was a contracted-out scheme at any time before the abolition date—

a

the date of birth used in determining the appropriate age-related percentage for the purposes of section 42A of the 1993 Act (reduced rate of Class 1 contributions, and rebates),

b

the name and postal or electronic address of a person who can be contacted if the date of birth is incorrect, and

c

the amount of the contributions referred to in paragraph 1 paid to the scheme in respect of the member during the scheme years referred to in that paragraph which is attributable to—

i

the minimum payments made by the member’s employer,

ii

any payments made by the Secretary of State in accordance with section 7(1) of the Social Security Act 1986 (schemes becoming contracted-out between 1986 and 1993),

iii

any age-related payments made by the Secretary of State in accordance with section 42A(3) of the 1993 Act.

31

Where a personal pension scheme was an appropriate scheme at any time before the abolition date—

a

the date of birth used in determining the appropriate age-related percentage for the purposes of section 45(1) of the 1993 Act (amount of minimum contributions),

b

the name and postal or electronic address of any person who can be contacted if the date of birth is incorrect, and

c

the amount of the minimum contributions paid by the Secretary of State in respect of the member during the 12 months preceding a specified date that are attributable to section 45(1) of the 1993 Act identifying separately that part of the contributions that is attributable to tax relief on the employee’s share of minimum contributions, being the difference between that share and the grossed-up equivalent of that share.

2

In sub-paragraph (1)(c), the expressions “employee’s share” and “grossed-up equivalent” have the meanings given to them by section 202(3) and (4) of the Finance Act 2004 (minimum contributions under pensions legislation).

4

The value of the member's accrued rights under the scheme at a date specified by the trustees or managers of the scheme.

5

Any cash equivalent in respect of the transfer of the member's rights mentioned in paragraph 4 that would be different from the values to be specified, at the date specified, under that paragraph, calculated in accordance with—

a

sections 97 and 101I of the 1993 Act (calculation of cash equivalents), in the case of an occupational pension scheme, or

b

regulations 3 and 4 of the Personal Pension Schemes (Transfer Values) Regulations 1987 (calculation, verification and increases of cash equivalents), in the case of a personal pension scheme.

5A

Where the scheme is a relevant scheme within the meaning of the Occupational Pension Schemes (Scheme Administration) Regulations 1996, details of how the member may obtain on request the information specified in paragraph 35 of Schedule 3 (information to be given about pooled funds).

5B

In relation to the information that must be published on a website in accordance with regulation 29A(2) (publishing charges and transaction costs)—

a

the information specified in sub-paragraphs (a) to (d) of regulation 27(2) (provision of information on a website); and

b

a statement explaining the circumstances in which the information will be provided on request in hard copy form.

PART 2Pension illustration61

For money purchase benefits, an illustration of the amount of the pension—

a

that is calculated in accordance with paragraphs 7 and 8,

b

an entitlement to which would be likely to accrue to the member, or be capable of being secured by the member, at the member's retirement date, and

c

in respect of rights to money purchase benefits that may arise under the scheme.

6A

For cash balance benefits, an illustration of the amount of the pension calculated—

a

in accordance with paragraph 7(1)(a)(ii) and (2);

b

in accordance with the rules of the scheme; and

c

where appropriate, in a manner consistent with the relevant guidance,

that is likely to be secured by the member at the member’s normal pension age in respect of the member’s rights to cash balance benefits that have arisen or may arise under the scheme.

71

The amount referred to in paragraph 6 must be calculated—

a

by reference to—

i

the relevant guidance, and

ii

the assumptions listed in paragraph 8,

b

having regard to the value of the member's accrued rights to money purchase benefits under the scheme on the illustration date.

2

For the purposes of paragraph 6, the calculation of the amount of the pension may take account of a lump sum.

81

The assumptions are—

a

where the calculation relates to the rights of a non-contributing member, that no contributions will be made to the scheme by the member, or on the member's behalf, after the illustration date, or

b

in any other case, that until the member's retirement date—

i

contributions to the scheme will be made by the member or on the member's behalf, and

ii

the scheme will maintain its tax registration under section 153 of the Finance Act 2004.

2

In this paragraph “non-contributing member” means a member in respect of whom no further contributions to the scheme are due or expected after the illustration date.

9

A statement that the information given under this Part is given only for the purposes of illustration and that it does not represent any promise or guarantee as to the amount of benefit that may be receivable by the member or a beneficiary of the scheme under the scheme.

10

A statement of how the person to whom the information given under this Part relates may obtain from the trustees or managers of the scheme further details about that information.

11

A statement that general assumptions have been made.

12

A statement that any amounts in the information given under this Part are expressed in today's prices.

13

The member's retirement date used for the purposes of the information given under this Part.

14

The illustration date used for the purposes of the information given under this Part.

PART 3Further information to be given on pension illustration15

A statement that—

a

assumptions have been made about the nature of the investments made for the purposes of the member's money purchase benefits and their likely performance, and

b

those assumptions may not correspond with the investments actually made for those purposes or their actual performance.

16

A statement that the amount of any pension payable under the scheme to or in respect of the member will depend on considerations (including the performance of investments and the cost of buying an annuity at the time the pension becomes payable) which may be different from any assumptions made.

16A

A statement that the amount of any pension payable under the scheme to or in respect of the member will depend on considerations (including the cost of buying an annuity at the time the pension becomes payable) which may be different from any assumptions made.

17

A statement of any—

a

assumptions made relating to future contributions to the scheme,

b

assumptions made relating to the lump sum, the level of increases in the pension and the pension payable to the spouse or civil partner, and

c

changes to the assumptions mentioned in sub-paragraph (b) that were used for the previous information given under paragraph 6 of this Schedule.

SCHEDULE 7

Regulations 18A to 22 and 25(2)

Information to be given by schemes that relates to accessing benefitsPART 1Information to be given to persons having an opportunity to select an annuity1

A statement that the person has an opportunity to select an annuity.

2

A statement that the person has an opportunity to select the provider of the annuity.

3

A statement that different annuities have different features and different rates of payment including annuities that provide—

a

the same payments every year,

b

increasing payments every year,

c

payments only for the person,

d

payments for the person's spouse or civil partner,

e

a guarantee on the early death of the person.

4

Either—

a

an explanation of the characteristic features of the annuities referred to in paragraph 3, or

b

a copy of guidance giving that explanation that has been prepared or approved by the Regulator.

5

A statement that the person should consider taking advice about which annuity is most suitable for them.

PART 2Information on accessing benefits for members and survivors6

The amount of benefit that is payable.

7

If benefit is payable periodically—

a

any conditions for continuing to make the payments, and

b

any provisions which would allow the payments to be altered.

8

Any rights and options that persons have on the death of the member or beneficiary of the scheme.

9

Any procedures for exercising the rights and options referred to in paragraph 8.

10

The provisions (or, as the case may be, a statement that there are no provisions) under which the pension payable to the survivor of a member or beneficiary of the scheme may or will be increased and the extent to which such increases are dependent on the exercise of a discretion.

Part 3Information to be Given to Members Having an Opportunity to Transfer Flexible Benefits11

A statement that the member has an opportunity to transfer flexible benefits to one or more different pension providers.

12

A statement that different pension providers offer different options in relation to what the member can do with the flexible benefits, including the option to select an annuity.

13

A statement that different options have different features, different rates of payment, different charges and different tax implications.

14

Either—

a

a copy of guidance that explains the characteristic features of the options referred to in paragraph 13 that has been prepared or approved by the Regulator; or

b

a statement that gives materially the same information as that guidance.

SCHEDULE 8

Regulations 23(3), 24(2) and 25(2)

Information to be given by schemes about winding upPART 1Information to be given by occupational pension schemes during winding up1

A statement that the scheme is being wound up.

2

The reasons why the scheme is being wound up.

3

Where section 22 of the 1995 Act (circumstances in which following provisions apply) applies, a statement that at least one of the trustees of the scheme are required to be an independent person by section 23 of that Act .

4

In the case of active members, whether death in service benefits will continue to be payable.

5

A summary of the action that is being taken, and that has been taken, to—

a

establish the scheme's liabilities, and

b

recover any assets.

6

An estimate of when—

a

the scheme's liabilities are likely to be established, and

b

any assets are likely to be recovered.

7

Either—

a

an indication of the extent to which (if at all) the actuarial value of accrued rights or benefits are likely to be reduced, or

b

a statement that there is insufficient information to provide such an indication.

PART 2Information to be given by occupational pension schemes after winding up8

Whether the member or beneficiary's benefits are reduced because the scheme's resources are not sufficient to meet its liabilities.

9

The amount of any reduction of the member's, or beneficiary's, benefits.

10

Who has or will become liable for the payment of the member's, or beneficiary's, benefits.

PART 3Information to be given by personal pension schemes after winding up111

The amount of—

a

contributions (before the making of any deductions), including a nil amount, credited to the member under the scheme during the period of 12 months preceding a date specified by the managers of the scheme, and

b

where the scheme was, at any time before the abolition date, an appropriate scheme the minimum contributions paid by the Secretary of State in respect of the member in that 12 month period that is attributable to section 45(1) of the 1993 Act identifying separately that part of the contributions that is attributable to tax relief on the employee's share of minimum contributions, being the difference between that share and the grossed-up equivalent of that share.

2

In sub-paragraph (1)(b) the expressions “employee’s share” and “grossed-up equivalent” have the meanings given to them by section 202(3) and (4) of the Finance Act 2004 (minimum contributions under pensions legislation).

12

At a date specified by the managers of the scheme —

a

the value of the member's accrued rights under the scheme, and

b

if different, the value of the cash equivalent calculated in accordance with regulations 3 and 4 of the Personal Pension Schemes (Transfer Values) Regulations 1987.

13

The options available to a member for preserving, transferring or otherwise disposing of the member's accrued rights under the scheme.

14

An account of the amount by which the member's accrued rights have been reduced and of the action taken by the managers of the scheme, or which is open to the member to take, in order, so far as may be possible, to restore the value of the member's accrued rights under the scheme.

PART 4Report under section 72A of the 1995 Act15

Where a report has been made to the Regulator under section 72A of the 1995 Act (reports about winding up), a copy of that report.

PART 5Information on expected benefits16

An estimate of the amount of the member's and beneficiary's benefits that are expected to be payable from normal pension age or death.

SCHEDULE 9

Regulation 1(4)

Amendments to Regulations1The Occupational Pension Schemes (Preservation of Benefit) Regulations 19911

The Occupational Pension Schemes (Preservation of Benefit) Regulations 1991 are amended as follows.

2

After regulation 1(3) (interpretation) add—

4

Any information or documents required to be furnished under these Regulations to a person, may be given in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents).

.

3

In regulation 9(6)(c) (bought out benefits), for “at his last known address” substitute “ in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 ”.

2The Occupational Pension Schemes (Contracting-out) Regulations 1996

In regulation 3(3) of the Occupational Pension Schemes (Contracting-out) Regulations 1996 (notices by employers of intended election)—

a

for sub-paragraph (a)(i), substitute—

i

sending it to the earner in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents),

ia

delivering it to the earner, or

,

b

for sub-paragraph (b), substitute—

b

to any other person, by—

i

sending it to that person in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013, or

ii

delivering it to that person.

.

3The Occupational Pension Schemes (Transfer Values) Regulations 1996

After regulation 11(6) of the Occupational Pension Schemes (Transfer Values) Regulations 1996 (disclosure), add—

7

The trustees may provide any information or notification under this regulation in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents).

.

4The Occupational Pension Schemes (Requirement to obtain Audited Accounts and a Statement from the Auditor) Regulations 19961

The Occupational Pension Schemes (Requirement to obtain Audited Accounts and a Statement from the Auditor) Regulations 1996 are amended as follows.

2

In regulation 2 (requirement of trustees or managers to obtain documents), after paragraph (2) insert—

2AA

Information may be made available under paragraph (2) in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents).

.

3

The Schedule (contents of accounts audited by the auditor of the scheme) is amended as follows—

a

at the beginning of paragraph 5 insert “ Except in relation to a trust scheme that applies to earners in employments under different employers, ”, and

b

after paragraph 5 insert—

5A1

Where the scheme is a trust scheme that applies to earners in employments under different employers, a statement in accordance with paragraph 5 or a statement—

a

listing the 100 largest investments by value held by the scheme at the end of the scheme year and stating what percentage of the resources of the scheme each such investment represents;

b

identifying which of the investments mentioned in paragraph (a) are employer-related investments;

c

if, as at the end of the scheme year, more than 5 per cent of the resources of the scheme are invested in employer-related investments in contravention of section 40(1) of the Pensions Act 1995, listing the employer-related investments and the employer concerned.

2

In sub-paragraph (1) “employer-related investments” has the meaning as in section 40(2) of the Pensions Act 1995 but as if the following words were omitted from subsection (2)—

a

in paragraph (a) “or by any person who is connected with, or an associate of, the employer”; and

b

“or any such person” in each place where they occur.

.

5The Occupational Pension Schemes (Winding Up) Regulations 19961

The Occupational Pension Schemes (Winding Up) Regulations 1996 are amended as follows.

2

After regulation 7(10) (requirements applicable to notices of discharge under regulation 6), insert—

11

A discharge notice and any notice under paragraph (3) may be given in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013.

.

3

In regulation 11(2) (records and information), after “in writing” insert “ in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents) ”.

6The Occupational Pension Schemes (Discharge of Liability) Regulations 1997

In regulation 6(5)(b)(ii) of the Occupational Pension Schemes (Discharge of Liability) Regulations 1997 (further conditions on which liability may be discharged), for “at her or his last known address” substitute “ in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents) ”.

7The Pensions on Divorce etc. (Provision of Information) Regulations 2000

After regulation 10 of the Pensions on Divorce etc. (Provision of Information) Regulations 2000 (provision of information after receipt of an earmarking order) add—

11Provision of information1

Subject to paragraph (2) a person required to provide information under regulation 2, 4, 6, 7, 8 or 10 must provide that information in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents).

2

Information may be provided to the court by means of an electronic communication only where the court has given its permission.

3

In this regulation “electronic communication” has the meaning given by the Electronic Communications Act 2000.

.

8The Pension Sharing (Pension Credit Benefit) Regulations 20001

The Pension Sharing (Pension Credit Benefit) Regulations 2000 are amended as follows.

2

In regulation 8(6)(a) (bought out benefits) for “sent to that person at his last known address” substitute “ given in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 ”.

3

In regulation 10(5)(a) (transfer of a person's pension credit rights without consent) for “sent to that person at his last known address” substitute “ given in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 ”.

4

In regulation 15(5)(b) (further conditions on which liability may be discharged) for “sent to that person at his last known address” substitute “ given in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 ”.

9The Stakeholder Pension Schemes Regulations 20001

The Stakeholder Pension Schemes Regulations 2000 are amended as follows.

2

In regulation 1(3) (interpretation)—

a

in the definition of “illustration date” for “18(2A)” substitute “ 18A(2) ”,

b

in the definition of “non-contributing member”—

i

omit paragraph (a), and

ii

in paragraph (b) omit “in relation to a personal pension scheme,”,

c

for the definition of “the relevant guidance” substitute—

relevant guidance” means the document entitled “AS TM1: Statutory Money Purchase Illustrations” that is adopted or prepared, and from time to time revised, by the Financial Reporting Council Limited;

, and

d

in the definition of “retirement date” for “18(2A)” in each place where it appears substitute “ 18A(2) ”.

3

In regulation 18(7) (disclosure of information to members)—

a

after sub-paragraph (a) insert “ and ”,

b

after sub-paragraph (b)(ii) omit “and”, and

c

omit sub-paragraph (c).

4

In regulation 18A—

a

in paragraph (1) at the beginning insert “ Subject to paragraph (1A) ”,

b

after paragraph (1) insert—

1A

The information mentioned in paragraph (1) need not but may, nevertheless, be given in respect of a statement year where—

a

the statement year is the first to end on or after the date the person became a member of the scheme; and

b

the end of that statement year falls at a time when—

i

no contributions have been credited to the scheme in respect of the person; or

ii

the person has the right to opt out of the scheme under section 8 of the Pensions Act 2008 (jobholder's right to opt out).

1B

Where—

a

the information is not provided to the person by virtue of paragraph (1A); and

b

contributions have been credited in respect of the member in respect of the statement year mentioned in paragraph (1A)(a),

it must be provided no later than the information that relates to the next following statement year.

,

c

after paragraph (2) insert—

2A

For the purposes of paragraph (2), the calculation of the amount of the pension mentioned in paragraph (2) may take account of a lump sum.

, and

d

in paragraph (4)—

i

after sub-paragraph (c) insert “ or ”,

ii

after sub-paragraph (d) omit “or”, and

iii

omit sub-paragraph (e).

5

In regulation 18B—

a

in paragraph (1)(b) omit the words from “of this regulation” to “relevant guidance”, and

b

omit paragraphs (3) and (4).

6

In regulation 18C (service of information by a scheme) for paragraph (4) substitute—

4

Where—

a

a member or beneficiary was a member or beneficiary of the scheme on 1stDecember 2010; and

b

relevant information was not given by the trustees or managers of the scheme before that date by the methods described in paragraph (1)(b),

relevant information may not be furnished or given to the member or beneficiary in accordance with paragraph (1)(b) unless the trustees or managers of the scheme have given them the written notice referred to in paragraph (5).

4A

The written notice mentioned in paragraph (4) must not be given by the methods mentioned in paragraph (1)(b).

.

7

In regulation 18E (provision of information on a website)—

a

in paragraph (1) for “this regulation sets” substitute “ this regulation and regulation 18F set ”,

b

for paragraph (2) substitute—

2

When a website is used for the first time to make available relevant information, a notification must be given to the recipient.

,

c

for paragraph (4) substitute—

4

Subject to regulation 18F, each time a website is used at a subsequent time to make available information or documents, a notification must be given to the recipient.

4A

The notification referred to in paragraph (4) must state that the information or document is available on the website.

4B

The notifications mentioned in paragraphs (2) and (4) must not be given by making them available on a website.

,

d

omit paragraph (6), and

e

in paragraph (7) after “this regulation” insert “ and regulation 18F ”.

8

After regulation 18E insert—

18FProvision of information on a website: supplemental1

The notification mentioned in regulation 18E(4) need not be given where paragraphs to (4) are satisfied.

2

This paragraph is satisfied where—

a

the trustees or managers of the scheme have given the recipient at least two documents by either of the following methods—

i

given by hand, or

ii

sent to the recipient's last known postal address, and

b

each of those documents—

i

asks the recipient to give their electronic address to the trustees or managers of the scheme except where the trustees or managers of the scheme do not have the facility for sending information or documents to that address, and

ii

states that the recipient may request in writing that information or documents are not given by means of an electronic communication.

3

This paragraph is satisfied where—

a

paragraph (2) is satisfied, and

b

the trustees or managers of the scheme have given the recipient, by either of the methods mentioned in paragraph (2)(a), a further document that—

i

meets the requirements of paragraph (2)(b), and

ii

states that further information and documents will be available to read on the website and that no further notifications will be sent to the recipient.

4

This paragraph is satisfied where—

a

paragraphs (2) and (3) are satisfied, and

b

the trustees or managers of the scheme—

i

do not know the recipient's electronic address or do not have the facility for sending information or documents to that address, and

ii

have not received a written request that information or documents are not given to the recipient by means of an electronic communication.

5

Where the information to be made available is that required by regulation 18A(1), the notification referred to in regulation 18E(4) need only be given as required by regulation 18A(1).

.

9

In paragraph 6 of Schedule 3 (information for members)—

a

after sub-paragraph (c) omit “and”, and

b

for sub-paragraph (d) substitute—

d

a statement of any assumptions made relating to the lump sum, the level of increases in the pension and the pension payable to the spouse or civil partner, and

e

a statement of any changes to the assumptions mentioned in sub-paragraph (d) that were used for the previous information given under regulation 18A(2).

.

10The Personal Pension Schemes (Payments by Employers) Regulations 2000

After regulation 5A(5) of the Personal Pension Schemes (Payments by Employers) Regulations 2000 (the issue of payment statements to an employee) add—

6

A statement referred to in paragraph (1) may be issued in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents).

.

11The Occupational Pension Schemes (Winding Up Notices and Reports etc.) Regulations 2002

In regulation 8 of the Occupational Pension Schemes (Winding Up Notices and Reports etc.) Regulations 2002 (applications to the Authority to modify schemes to secure winding up)—

a

in paragraph (3)(a), for the words after “to all members of the scheme” substitute “ (except a member mentioned in paragraph (3A)) in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents), and ”, and

b

after paragraph (3), insert—

3A

A member referred to in paragraph (3)(a) is a member—

a

whose present postal address and electronic address is not known to the trustees or managers of the scheme, and

b

in respect of whom the trustees or managers of the scheme have sent correspondence to their last known—

i

postal address and that correspondence has been returned, or

ii

electronic address and the trustees or managers of the scheme are satisfied that that correspondence has not been delivered.

.

12The Occupational Pension Schemes (Independent Trustee) Regulations 2005

After regulation 13(8) of the Occupational Pension Schemes (Independent Trustee) Regulations 2005 (disclosure requirements and penalty) insert—

9

The appointed trustee may give any information under this regulation in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents).

.

13The Occupational Pension Schemes (Winding up etc.) Regulations 20051

The Occupational Pension Schemes (Winding up etc.) Regulations 2005 are amended as follows.

2

In regulation 6(6) (adjustments to discretionary awards) for “by post”, the first time it appears, substitute “ in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 ”.

3

In regulation 7(6) (adjustments to survivors' benefits) for “by post”, the first time it appears, substitute “ in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 ”.

14The Occupational Pension Schemes (Scheme Funding) Regulations 2005

In Schedule 3 to the Occupational Pension Schemes (Scheme Funding) Regulations 2005 (supplementary and consequential provisions) omit paragraphs 2 and 3.

15The Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006

After regulation 11(2) of the Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006 (requirement to provide information), add—

3

Information provided under this regulation may be provided in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents).

.

16The Occupational Pension Schemes (Payments to Employer) Regulations 20061

The Occupational Pension Schemes (Payments to Employer) Regulations 2006 are amended as follows.

2

After regulation 10(3) (notification to members), add—

4

The trustees of the scheme may give the notice mentioned in paragraph (1) and provide a copy of the relevant valuation certificate mentioned in paragraph (2) in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents).

.

3

After regulation 15(5) (notice of proposal to distribute excess assets to the employer), add—

6

A notice under this regulation may be sent in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013.

.

17The Application of Pension Legislation to the National Employment Savings Trust Corporation Regulations 2011

Omit regulations 2 and 3 of the Application of Pension Legislation to the National Employment Savings Trust Corporation Regulations 2011 .

18The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 20111

The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011 are amended as follows.

2

Omit regulations 17 and 19.

3

For regulation 20(4) (amendment of the Stakeholder Pension Schemes Regulations 2000) substitute—

4

In Schedule 3 (information for members)—

a

in paragraph 1 omit sub-paragraph (d), and

b

in paragraph 2 omit sub-paragraphs (e), (f) and (g).

.

SCHEDULE 10

Regulations 18A to 21

INFORMATION TO BE GIVEN ON THE PENSIONS GUIDANCE AND MEMBERS’ BENEFITSPart 1Information on the Pensions Guidance1

A statement that pensions guidance is available to help the person to understand their options in relation to what they can do with their flexible benefits.

2

A statement that the pensions guidance may be accessed on the internet, by phone, or face to face.

3

The phone number and website address at which the pensions guidance may be accessed and details of how the person may access the pensions guidance face to face.

4

A statement that the pensions guidance is free and impartial.

5

A statement that the person should access the pensions guidance and consider taking independent advice to help them decide which option is most suitable for them.

Part 2Information on Members’ Benefits6

An estimate of the cash equivalent of any of the member’s accrued rights to flexible benefits that—

a

are transferrable rights; or

b

would be transferrable rights if the member stopped accruing rights to some or all of the flexible benefits,

calculated and verified in accordance with regulations 7 to 7E of the Occupational Pension Schemes (Transfer Values) Regulations 1996 (manner of calculation and verification of cash equivalents) on the basis that the member stopped accruing, or will stop accruing, those rights on a particular date.

7

An estimate of the value of any accrued rights to flexible benefits that the member may transfer out of the scheme under the scheme rules, in respect of which an estimate of the cash equivalent is not required to be given under paragraph 6, calculated in accordance with the scheme rules and actuarial assumptions on the date of the calculation.

8

The date by reference to which the estimate of the cash equivalent or value (as appropriate) is calculated.

9

An explanation that the cash equivalent or value (as appropriate) is an estimate and may not represent the exact amount available to the member to transfer to another pension provider.

10

In relation to the member’s accrued rights to flexible benefits in respect of which there is an opportunity to transfer—

a

details of any guarantee to which the benefits are subject; and

b

details of any other features, restrictions and conditions that apply to the benefits that affect, or may affect, their value.

11

Where the member has a right or entitlement to benefits under the scheme that are not flexible benefits, that the member has that right or entitlement and how the member may access information about those benefits.

Part 3Further information12

A statement that—

a

there may be tax implications associated with accessing flexible benefits;

b

income from a pension is taxable; and

c

the rate at which income from a pension is taxable depends on the amount of income that the person receives from a pension and from other sources.

13

Where the member has accrued rights to flexible benefits that are not money-purchase benefits, has not reached normal pension age and does not satisfy the ill-health condition—

a

a statement that the value of the member’s accrued rights to flexible benefits is likely to be lower if the member accesses the benefits before normal pension age; and

b

the age at which the member will reach normal pension age.

(This note is not part of the Regulations)

These Regulations impose requirements on occupational pension schemes and personal pension schemes relating to the provision of information. The Regulations replace the Personal Pension Schemes (Disclosure of Information) Regulations 1987 (S.I. 1987/1110) and the Occupational Pension Schemes (Disclosure of Information) Regulations 1996 (S.I. 1996/1655) which are now revoked. The provisions of those Instruments that are carried forward are consolidated and amended.

Part 1 of the Regulations contains general provisions. Regulation 1 provides for the date the Regulations come into force, the date certain provisions cease to have effect, revocations and introduces the Schedule of amendments to regulations. Regulation 2 provides for interpretation. Regulation 3 makes provision relating to recognised trades unions. Regulation 4 sets out the application of the Regulations and indicates which of the duties apply in particular cases. Regulation 5 provides for the imposition of civil penalties for breach of duty by an occupational pension scheme.

Part 2 contains provisions concerning the information that must be given at the initial stage of membership of a pension scheme.

Part 3 contains provision concerning the information that must be given when there are changes to pension schemes.

Part 4 contains provision concerning information that must be given on request.

Part 5 contains provision concerning information that must be given relating to the funding of schemes and the benefits that the schemes may provide.

Part 6 contains provision concerning the information that must be given when the benefits from the scheme are to be accessed.

Part 7 contains provision concerning the information that must be given when the pension in payment changes.

Part 8 contains provisions concerning the information that must be given when schemes are winding up.

Part 9 contains provisions concerning the giving of information or documents required to be given under the Regulations.

An analysis of the impact of this legislation has been made. A copy is available in the libraries of both Houses of Parliament. A copy is annexed to the Explanatory Memorandum which is available alongside this instrument on www.legislation.gov.uk. Copies may also be obtained from the Better Regulation Unit of the Department for Work and Pensions, 2D, Caxton House, Tothill Street, London SW1H 9NA.

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<TLCTerm eId="term-the-1995-act" href="/ontology/term/uk.the-1995-act" showAs="the 1995 Act"/>
<TLCTerm eId="term-the-1999-act" href="/ontology/term/uk.the-1999-act" showAs="the 1999 Act"/>
<TLCTerm eId="term-the-2004-act" href="/ontology/term/uk.the-2004-act" showAs="the 2004 Act"/>
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<notes source="#source">
<note class="commentary M" eId="c2193071">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1993/48">1993 c.48</ref>
. Section 113 was amended by the
<ref href="http://www.legislation.gov.uk/id/ukpga/1998/8">Employment Rights (Dispute Resolution) Act 1998 (c.8)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/1998/8/section/1/2/a">section 1(2)(a)</ref>
; the
<ref href="http://www.legislation.gov.uk/id/ukpga/2000/19">Child Support, Pensions and Social Security Act 2000 (c.19)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2000/19/section/52">section 52</ref>
; the 2004 Act, section 319(1) and Schedule 12, paragraphs 9 and 17; the
<ref href="http://www.legislation.gov.uk/id/ukpga/2007/22">Pensions Act 2007 (c.22)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2007/22/section/17">section 17</ref>
and Schedule 5, paragraph 6 and
<ref href="http://www.legislation.gov.uk/id/uksi/2005/2053">S.I. 2005/2053</ref>
. Section 168 was substituted by the 1995 Act, section 155(1) and subsection (4) was amended by the 2004 Act, section 319(1) and Schedule 12, paragraphs 9 and 27. Section 181(1) is cited for the meaning given to “prescribe” and “regulations”. In section 181(1), the relevant amending provisions are the 1995 Act, sections 151 and 171 and Schedule 5, paragraph 77(a)(i); the
<ref href="http://www.legislation.gov.uk/id/ukpga/1996/17">Employment Tribunals Act 1996 (c.17)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/1996/17/section/43">section 43</ref>
and Schedule 1, paragraph 11; the Employment Rights (Dispute Resolution) Act 1998, section 1(2)(a) and (c); the 1999 Act, section 84(1) and Schedule 12, paragraphs 28 and 41(a); the 2004 Act, section 319(1) and Schedule 12, paragraph 31; the Pensions Act 2007, section 15(3)(a) and Schedule 4, paragraph 34(1) and (2)(a); the
<ref href="http://www.legislation.gov.uk/id/ukpga/2011/19">Pensions Act 2011 (c.19)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2011/19/section/29/1">section 29(1)</ref>
(with effect from a day to be appointed) and
<ref href="http://www.legislation.gov.uk/id/uksi/2005/2053">S.I. 2005/2053</ref>
. Section 183(1) was amended by the 1995 Act, sections 151, 173, 177, Schedule 5, paragraph 79 and Schedule 6, paragraph 15(a).
</p>
</note>
<note class="commentary M" eId="c2193072">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1995/26">1995 c.26</ref>
. Section 41 was amended by the Employment Rights (Dispute Resolution) Act 1998, section 1(2)(a); the Child Support, Pensions and Social Security Act 2000, section 56 and Schedule 5, paragraph 12(1); the 2004 Act, sections 319(1) and 320, Schedule 12, paragraphs 34 and 52(a) and (b) and Schedule 13, Part 1 and
<ref href="http://www.legislation.gov.uk/id/uksi/2005/2053">S.I. 2005/2053</ref>
. Section 124(1) is cited for the meaning given to “prescribed” and “regulations”.
</p>
</note>
<note class="commentary M" eId="c2193073">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1999/30">1999 c.30</ref>
. Section 1(1) was amended by the 2004 Act, section 285(1) and (2) and the Pensions Act 2007, section 15(3)(a). Section 8(1) is cited for the meaning given to “prescribed”.
</p>
</note>
<note class="commentary M" eId="c2193074">
<p>Section 185(1) was amended by the 1995 Act, sections 122, 151 and 177 and Schedule 3, paragraph 46, Schedule 5, paragraph 80(a), (d) and (f) and Schedule 7, Part 1.</p>
</note>
<note class="commentary M" eId="c2193075">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/1987/1110">S.I. 1987/1110</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193076">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/1996/1655">S.I. 1996/1655</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193077">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2004/35">2004 c.35</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193078">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2000/7">2000 c.7</ref>
. The definition of “electronic communications” was amended by the
<ref href="http://www.legislation.gov.uk/id/ukpga/2003/21">Communications Act 2003 (c.21)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2003/21/section/406">section 406</ref>
and paragraph 158 of Schedule 7.
</p>
</note>
<note class="commentary M" eId="c2193079">
<p>The definition of “member” in section 124(1) of the 1995 Act was amended by the 1999 Act, section 84(1) and Schedule 12, paragraphs 43 and 61(1).</p>
</note>
<note class="commentary M" eId="c2193080">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1996/18">1996 c.18</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193081">
<p>A company registered in England and Wales with number 02486368.</p>
</note>
<note class="commentary M" eId="c2193082">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2004/12">2004 c.12</ref>
. Section 153 was amended by the
<ref href="http://www.legislation.gov.uk/id/ukpga/2005/7">Finance Act 2005 (c.7)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2005/7/section/101">section 101</ref>
and Schedule 10, paragraphs 1 to 3.
</p>
</note>
<note class="commentary M" eId="c2193083">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1972/11">1972 c.11</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193085">
<p>
Section 1 was amended by the 2004 Act, sections 285(1) to (4) and 319(1) and Schedule 12, paragraphs 71 and 72; the Pensions Act 2007, section 15(3)(a) and Schedule 4, paragraph 37(a) and Part 3 and
<ref href="http://www.legislation.gov.uk/id/uksi/2005/275">S.I. 2005/275</ref>
and 2006/745.
</p>
</note>
<note class="commentary M" eId="c2193086">
<p>
<ref href="http://www.legislation.gov.uk/id/ukla/1963/32">1963 c.xxxii</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193087">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2010/772">S.I. 2010/772</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193088">
<p>Section 2 was amended by the 2004 Act, section 319(1) and Schedule 12, paragraphs 71 and 73 and the Pensions Act 2007, section 15(3)(a) and Schedule 4, paragraph 38.</p>
</note>
<note class="commentary M" eId="c2193089">
<p>
<ref href="http://www.legislation.gov.uk/id/nisi/1999/147">S.I. 1999/147 (N.I. 11)</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193090">
<p>
<em>See</em>
section 180 of the 1993 Act.
</p>
</note>
<note class="commentary M" eId="c2193091">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/1996/3126">S.I. 1996/3126</ref>
. Regulation 2 was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2005/706">S.I. 2005/706</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193092">
<p>Subsections (3A) to (3E) were inserted by the Child Support, Pensions and Social Security Act 2000, section 49(2). Subsections (3A) and (3B) were amended by the 2004 Act, section 319(1) and Schedule 12, paragraphs 34 and 69(1), (3) and (4).</p>
</note>
<note class="commentary M" eId="c2193093">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2005/3377">S.I. 2005/3377</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193094">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1988/1">1988 c.1</ref>
. Sections 590 and 591 were repealed by the Finance Act 2004, section 326 and Schedule 42, Part 3.
</p>
</note>
<note class="commentary M" eId="c2193095">
<p>Section 611A was repealed by the Finance Act 2004, section 326 and Schedule 42, Part 3.</p>
</note>
<note class="commentary M" eId="c2193096">
<p>Chapter IV of Part XIV was repealed by the Finance Act 2004, section 326 and Schedule 42, Part 3.</p>
</note>
<note class="commentary M" eId="c2193097">
<p>
Section 289 was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2007/3014">S.I. 2007/3014</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193098">
<p>
<em>See</em>
section 287(6) of the 2004 Act.
</p>
</note>
<note class="commentary M" eId="c2193099">
<p>
<em>See</em>
section 1 of the 1993 Act.
</p>
</note>
<note class="commentary M" eId="c2193100">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2008/30">2008 c.30</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193102">
<p>The Pensions Ombudsman is appointed under section 145(2) of the 1993 Act.</p>
</note>
<note class="commentary M" eId="c2193104">
<p>Section 50 was substituted by the 2004 Act, section 273 and there are no relevant amendments.</p>
</note>
<note class="commentary M" eId="c2193105">
<p>Section 87 was amended by the 2004 Act, sections 319(1) and 320, Schedule 12, paragraph 64 and Schedule 13, Part 1.</p>
</note>
<note class="commentary M" eId="c2193106">
<p>Section 35 was substituted by the 2004 Act, section 244.</p>
</note>
<note class="commentary M" eId="c2193107">
<p>
Section 231A was inserted by
<ref href="http://www.legislation.gov.uk/id/uksi/2006/1733">S.I. 2006/1733</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193108">
<p>Part 4A was inserted by the 1999 Act, section 37.</p>
</note>
<note class="commentary M" eId="c2193109">
<p>Section 97 was amended by the 1995 Act, section 173 and Schedule 6, paragraph 4(a) to (c) and the Child Support, Pensions and Social Security Act 2000, section 56 and Schedule 5, paragraph 8(1). Section 101I was inserted by the 1999 Act, section 37.</p>
</note>
<note class="commentary M" eId="c2193110">
<p>Section 94(1) was amended by the 1995 Act, section 154(1) and (2).</p>
</note>
<note class="commentary M" eId="c2193111">
<p>Section 35 was substituted by the 2004 Act, section 244.</p>
</note>
<note class="commentary M" eId="c2193112">
<p>
Section 40 was amended by the 2004 Act, section 319(1) and Schedule 12, paragraphs 34 and 51 and
<ref href="http://www.legislation.gov.uk/id/uksi/2004/355">S.I. 2004/355</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193113">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2005/3378">S.I. 2005/3378</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193114">
<p>Section 37 was substituted by the 2004 Act, section 250 and amended by the Pensions Act 2008, section 130.</p>
</note>
<note class="commentary M" eId="c2193119">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/1987/1112">S.I. 1987/1112</ref>
. Regulations 3 and 4 were substituted by
<ref href="http://www.legislation.gov.uk/id/uksi/2008/1050">S.I. 2008/1050</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193120">
<p>
Section 22 was amended by the 2004 Act, sections 36(1) and (2), 319(1) and 320, Schedule 12, paragraphs 34 and 40 and Schedule 13, Part 1 and
<ref href="http://www.legislation.gov.uk/id/uksi/2009/1941">S.I. 2009/1941</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193121">
<p>Section 23 was substituted by the 2004 Act, section 36(4).</p>
</note>
<note class="commentary M" eId="c2193122">
<p>Section 72A was inserted by the Child Support, Pensions and Social Security Act 2000, section 49(1).</p>
</note>
<note class="commentary M" eId="c2193123">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/1991/167">S.I. 1991/167</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193124">
<p>
Paragraph (3) was substituted by
<ref href="http://www.legislation.gov.uk/id/uksi/1996/2131">S.I. 1996/2131</ref>
and amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2013/459">S.I. 2013/459</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193125">
<p>
Regulation 9(6) was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/1994/1062">S.I. 1994/1062</ref>
and 2011/1246.
</p>
</note>
<note class="commentary M" eId="c2193126">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/1996/1172">S.I. 1996/1172</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193127">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/1996/1847">S.I. 1996/1847</ref>
. Regulation 11 was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2005/72">S.I. 2005/72</ref>
, 2008/1050 and 2009/615.
</p>
</note>
<note class="commentary M" eId="c2193128">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/1996/1975">S.I. 1996/1975</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193129">
<p>
Paragraph 5 was substituted by
<ref href="http://www.legislation.gov.uk/id/uksi/1997/3038">S.I. 1997/3038</ref>
, amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2006/778">S.I. 2006/778</ref>
and modified in relation to the National Employment Savings Trust by
<ref href="http://www.legislation.gov.uk/id/uksi/2011/673">S.I. 2011/673</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193130">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/1996/3126">S.I. 1996/3126</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193131">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/1997/784">S.I. 1997/784</ref>
. Regulation 6(5) was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2005/2050">S.I. 2005/2050</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193132">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2000/1048">S.I. 2000/1048</ref>
. There are no relevant amendments.
</p>
</note>
<note class="commentary M" eId="c2193133">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2000/1054">S.I. 2000/1054</ref>
. There are no relevant amendments.
</p>
</note>
<note class="commentary M" eId="c2193134">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2000/1403">S.I. 2000/1403</ref>
. Regulations 18A to 18E were inserted by
<ref href="http://www.legislation.gov.uk/id/uksi/2010/2659">S.I. 2010/2659</ref>
. Paragraph 6(d) of Schedule 3 was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2011/1245">S.I. 2011/1245</ref>
. The definition of “illustration date” was inserted by
<ref href="http://www.legislation.gov.uk/id/uksi/2002/1381">S.I. 2002/1381</ref>
and amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2010/2659">S.I. 2010/2659</ref>
. The definition of “non-contributing member” was inserted by
<ref href="http://www.legislation.gov.uk/id/uksi/2002/1383">S.I. 2002/1383</ref>
. The definition of “retirement date” was inserted by
<ref href="http://www.legislation.gov.uk/id/uksi/2002/1383">S.I. 2002/1383</ref>
and amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2010/2659">S.I. 2010/2659</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193135">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2000/2692">S.I. 2000/2692</ref>
. Regulation 5A was inserted by
<ref href="http://www.legislation.gov.uk/id/uksi/2006/778">S.I. 2006/778</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193136">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2002/459">S.I. 2002/459</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193137">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2005/703">S.I. 2005/703</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193138">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2005/706">S.I. 2005/706</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193139">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2005/3377">S.I. 2005/3377</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193140">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2006/349">S.I. 2006/349</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193141">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2006/802">S.I. 2006/802</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193142">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2011/673">S.I. 2011/673</ref>
.
</p>
</note>
<note class="commentary M" eId="c2193143">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2011/1245">S.I. 2011/1245</ref>
.
</p>
</note>
<note class="commentary F" eId="key-228f5fa77a366b8b6d3945b814d88b41">
<p>
Sch. 6 paras. 2, 3 ceased to have effect (6.4.2014) by virtue of
<ref href="http://www.legislation.gov.uk/id/uksi/2013/2734">The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2013/2734/regulation/1/1">reg. 1(1)</ref>
<ref href="http://www.legislation.gov.uk/id/uksi/2013/2734/regulation/1/2/a">(2)(a)</ref>
</p>
</note>
<note class="commentary F" eId="key-5e9b8703b145e8c01a6c7e5c380a9002">
<p>
Sch. 8 para. 11(1)(b) ceased to have effect (6.4.2014) by virtue of
<ref href="http://www.legislation.gov.uk/id/uksi/2013/2734">The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2013/2734/regulation/1/1">reg. 1(1)</ref>
<ref href="http://www.legislation.gov.uk/id/uksi/2013/2734/regulation/1/2/b">(2)(b)</ref>
</p>
</note>
<note class="commentary F" eId="key-2537de55c538bd8e934f324ed4a8d9d1">
<p>
Sch. 8 para. 11(2) ceased to have effect (6.4.2014) by virtue of
<ref href="http://www.legislation.gov.uk/id/uksi/2013/2734">The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2013/2734/regulation/1/1">reg. 1(1)</ref>
<ref href="http://www.legislation.gov.uk/id/uksi/2013/2734/regulation/1/2/b">(2)(b)</ref>
</p>
</note>
<note class="commentary C" eId="key-1851d610ea64840749f1be7febb67e76">
<p>
Reg. 5 excluded (24.7.2014) by
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711">The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/1/1">regs. 1(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/78">78</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/6">regs. 6</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/41">41</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/44/1">44(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/47/1">47(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/69/2">69(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/72/1">72(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/76/1">76(1)</ref>
); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2
</p>
</note>
<note class="commentary F" eId="key-1d86681c84c4ef3ee4381e0a9ec3e5f7">
<p>
Reg. 16A inserted (24.7.2014) by
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711">The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/1/1">regs. 1(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/79/3">79(3)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/6">regs. 6</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/41">41</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/44/1">44(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/47/1">47(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/69/2">69(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/72/1">72(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/76/1">76(1)</ref>
); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2
</p>
</note>
<note class="commentary F" eId="key-102e668e77be17ab3a61508efa4c43db">
<p>
Sch. 2 para. 16A inserted (24.7.2014) by
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711">The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/1/1">regs. 1(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/79/6/a">79(6)(a)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/6">regs. 6</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/41">41</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/44/1">44(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/47/1">47(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/69/2">69(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/72/1">72(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/76/1">76(1)</ref>
); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2
</p>
</note>
<note class="commentary F" eId="key-06cf919a6f78dfe713e895f98f72e607">
<p>
Sch. 2 para. 28A inserted (24.7.2014) by
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711">The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/1/1">regs. 1(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/79/6/b">79(6)(b)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/6">regs. 6</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/41">41</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/44/1">44(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/47/1">47(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/69/2">69(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/72/1">72(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/76/1">76(1)</ref>
); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2
</p>
</note>
<note class="commentary F" eId="key-8de9581647c8cf681b790e0f5a05e00b">
<p>
Words in Sch. 6 heading inserted (24.7.2014) by
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711">The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/1/1">regs. 1(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/79/7">79(7)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/6">regs. 6</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/41">41</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/44/1">44(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/47/1">47(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/69/2">69(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/72/1">72(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/76/1">76(1)</ref>
); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2
</p>
</note>
<note class="commentary F" eId="key-b9f957baddadf628592c45f89020acf8">
<p>
Sch. 6 para. 6A inserted (24.7.2014) by
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711">The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/1/1">regs. 1(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/79/8/b">79(8)(b)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/6">regs. 6</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/41">41</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/44/1">44(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/47/1">47(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/69/2">69(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/72/1">72(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/76/1">76(1)</ref>
); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2
</p>
</note>
<note class="commentary F" eId="key-539c3dff02003eee91cc964018df6921">
<p>
Sch. 6 para. 16A inserted (24.7.2014) by
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711">The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/1/1">regs. 1(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/79/8/c">79(8)(c)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/6">regs. 6</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/41">41</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/44/1">44(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/47/1">47(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/69/2">69(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/72/1">72(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/76/1">76(1)</ref>
); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2
</p>
</note>
<note class="commentary F" eId="key-a2fbfbad5c007755372c81f5ff80e09b">
<p>
Reg. 25(2)(a) substituted (24.7.2014) by
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711">The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/1/1">regs. 1(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/79/5">79(5)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/6">regs. 6</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/41">41</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/44/1">44(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/47/1">47(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/69/2">69(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/72/1">72(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/76/1">76(1)</ref>
); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2
</p>
</note>
<note class="commentary F" eId="key-0bcb180b84f21d1df30081a7c4060425">
<p>
Words in Sch. 6 para. 6(1) inserted (24.7.2014) by
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711">The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/1/1">regs. 1(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/79/8/a">79(8)(a)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/6">regs. 6</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/41">41</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/44/1">44(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/47/1">47(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/69/2">69(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/72/1">72(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2014/1711/regulation/76/1">76(1)</ref>
); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2
</p>
</note>
<note class="commentary F" eId="key-217a1e218faba3fac096955ed0a6cd4b">
<p>
Sch. 3 para. 34 inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/879">The Occupational Pension Schemes (Charges and Governance) Regulations 2015 (S.I. 2015/879)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/879/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/879/regulation/17/2">17(2)</ref>
</p>
</note>
<note class="commentary F" eId="key-99ed6e5768be6f3800354b15f2aebf65">
<p>
Regs. 18A, 18B inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/7">7</ref>
</p>
</note>
<note class="commentary F" eId="key-34afea928eb8e4d3aa7f1131bcc96f60">
<p>
Sch. 10 inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/14">14</ref>
</p>
</note>
<note class="commentary F" eId="key-e8a585b445121d1e63027bacb548eb83">
<p>
Sch. 2 paras. 4A, 4B inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/11/3">11(3)</ref>
</p>
</note>
<note class="commentary F" eId="key-112da63784713f6349bc8c439da4bf82">
<p>
Sch. 2 paras. 22A, 22B inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/11/8">11(8)</ref>
</p>
</note>
<note class="commentary F" eId="key-52fef5ecf3e03ebf078c75bf9b9e9c11">
<p>
Word in Sch. 7 substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/13/2">13(2)</ref>
</p>
</note>
<note class="commentary F" eId="key-6d39dd607f186fdf03c7d02606689d35">
<p>
Sch. 7 Pt. 3 inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/13/3">13(3)</ref>
</p>
</note>
<note class="commentary F" eId="key-4b7a41eebd5cb77f09bc7c4c0d105369">
<p>
Reg. 2(1): reg. 2 renumbered as reg. 2(1) (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/3/1">3(1)</ref>
</p>
</note>
<note class="commentary F" eId="key-67d2f2718b8d2f1aee8723fdb62a15f8">
<p>
Words in reg. 2(1) inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/3/2/a">3(2)(a)</ref>
</p>
</note>
<note class="commentary F" eId="key-38d5905393d98355458239f7f570d35f">
<p>
Words in reg. 2(1) inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/3/2/b">3(2)(b)</ref>
</p>
</note>
<note class="commentary F" eId="key-b83bb48653c6e1d411b47efc0ce06995">
<p>
Words in reg. 2(1) substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/3/2/c">3(2)(c)</ref>
</p>
</note>
<note class="commentary F" eId="key-b91093f8ee23239b797864f069a4069f">
<p>
Words in reg. 2(1) inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/3/2/d">3(2)(d)</ref>
</p>
</note>
<note class="commentary F" eId="key-ec94e2ecb4b7f026da14f61ecd68ded7">
<p>
Words in reg. 2(1) omitted (6.4.2015) by virtue of
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/3/2/e">3(2)(e)</ref>
</p>
</note>
<note class="commentary F" eId="key-2d4d0b6d474c99619c22b50aef758ad8">
<p>
Reg. 2(2) inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/3/3">3(3)</ref>
</p>
</note>
<note class="commentary F" eId="key-3c3fd710f106cf99aa7d8dacc3bc63de">
<p>
Words in reg. 4(2)(b) inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/4/2/a">4(2)(a)</ref>
</p>
</note>
<note class="commentary F" eId="key-127dbbdac50c97f3e843584292802f49">
<p>
Reg. 4(2)(c) substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/4/2/b">4(2)(b)</ref>
</p>
</note>
<note class="commentary F" eId="key-e97e323b6321026a65512329f19f36ed">
<p>
Word in reg. 4(5) substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/4/3">4(3)</ref>
</p>
</note>
<note class="commentary F" eId="key-4ca57b0cea82987a665d745c2f957a79">
<p>
Words in reg. 4(7) substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/4/4">4(4)</ref>
</p>
</note>
<note class="commentary F" eId="key-b66685b92a6b3fa6b38925830b387450">
<p>
Reg. 4(8) inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/4/5">4(5)</ref>
</p>
</note>
<note class="commentary F" eId="key-47375ac19a3415d03e24aeb2b921ef2c">
<p>
Words in reg. 10(4) substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/5">5</ref>
</p>
</note>
<note class="commentary F" eId="key-4f06ca5124eb5b2eeadb4fcd555fb78a">
<p>
Word in reg. 16(1)(b) omitted (6.4.2015) by virtue of
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/6/a">6(a)</ref>
</p>
</note>
<note class="commentary F" eId="key-d1310853201ba0c4e498988e57a4ad66">
<p>
Words in reg. 16(1)(c) substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/6/b">6(b)</ref>
</p>
</note>
<note class="commentary F" eId="key-97c7eee571b8a6d0b3283127181a92ee">
<p>
Reg. 16(1)(d) inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/6/c">6(c)</ref>
</p>
</note>
<note class="commentary F" eId="key-81f008c39367a7504e099f413265a6c1">
<p>
Words in reg. 19(1) substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/8/2">8(2)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/15">reg. 15</ref>
)
</p>
</note>
<note class="commentary F" eId="key-6831b36890915a622b1af9ce8b9b0315">
<p>
Reg. 19(2) substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/8/3">8(3)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/15">reg. 15</ref>
)
</p>
</note>
<note class="commentary F" eId="key-4453bf71215e1b33fc83f886c443f22b">
<p>
Word in reg. 19(4) substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/8/4">8(4)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/15">reg. 15</ref>
)
</p>
</note>
<note class="commentary F" eId="key-4152e5de8ec7eb099062bbe15ffbc879">
<p>
Word in reg. 20(2)(a) omitted (6.4.2015) by virtue of
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/9/2/a">9(2)(a)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/15">reg. 15</ref>
)
</p>
</note>
<note class="commentary F" eId="key-6d36a6986f07daa42382e24bcd245b57">
<p>
Reg. 20(2)(c) and word inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/9/2/b">9(2)(b)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/15">reg. 15</ref>
)
</p>
</note>
<note class="commentary F" eId="key-b7783e8e6547cda6d2e7d9848eba038c">
<p>
Reg. 20(4) substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/9/3">9(3)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/15">reg. 15</ref>
)
</p>
</note>
<note class="commentary F" eId="key-82e41258193060ea9a0464209da91c6e">
<p>
Word in reg. 21(2)(a) omitted (6.4.2015) by virtue of
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/10/a">10(a)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/15">reg. 15</ref>
)
</p>
</note>
<note class="commentary F" eId="key-b42fc20bf3813cb9ff0526697a3a632d">
<p>
Reg. 21(2)(c) and word inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/10/b">10(b)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/15">reg. 15</ref>
)
</p>
</note>
<note class="commentary F" eId="key-ab583e0b48702707c6dabc47adcd6187">
<p>
Words in Sch. 2 para. 3 inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/11/2">11(2)</ref>
</p>
</note>
<note class="commentary F" eId="key-043ea2229636b50d326d21000862f7a5">
<p>
Words in Sch. 2 para. 6 substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/11/4">11(4)</ref>
</p>
</note>
<note class="commentary F" eId="key-c5c63fbbf1744a0f4f760a13f3dad240">
<p>
Words in Sch. 2 para. 16 inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/11/5/a">11(5)(a)</ref>
</p>
</note>
<note class="commentary F" eId="key-49b68ca145e5938bcb8fc78a44361ce3">
<p>
Words in Sch. 2 para. 16 substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/11/5/b">11(5)(b)</ref>
</p>
</note>
<note class="commentary F" eId="key-24c9eb8b8457cd0a8e511eb6900344dd">
<p>
Words in Sch. 2 para. 16A inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/11/6/a">11(6)(a)</ref>
</p>
</note>
<note class="commentary F" eId="key-7444c3a57ded74ca0e8633d4aecd1e2e">
<p>
Words in Sch. 2 para. 16A substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/11/6/b">11(6)(b)</ref>
</p>
</note>
<note class="commentary F" eId="key-7066f452792f8b111f5f62c527f77bd9">
<p>
Words in Sch. 2 para. 20 substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/11/7">11(7)</ref>
</p>
</note>
<note class="commentary F" eId="key-581d3a13ab3acda313cb252571087db4">
<p>
Words in Sch. 2 para. 21 inserted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/11/2">11(2)</ref>
</p>
</note>
<note class="commentary F" eId="key-b6a83b242006c956d4156f4bbbdba4e4">
<p>
Sch. 2 para. 26 substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/11/9">11(9)</ref>
</p>
</note>
<note class="commentary F" eId="key-165d3a49c9dd60c54782ee6b15450bd9">
<p>
Words in Sch. 3 para. 15 substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/12/2">12(2)</ref>
</p>
</note>
<note class="commentary F" eId="key-953b5ed9aedbcc934aa55eff8388c327">
<p>
Words in Sch. 3 para. 23 omitted (6.4.2015) by virtue of
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/12/3/a">12(3)(a)</ref>
</p>
</note>
<note class="commentary F" eId="key-b7446fb7eff3dcc17479b525d346187e">
<p>
Words in Sch. 3 para. 23 substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/12/3/b">12(3)(b)</ref>
</p>
</note>
<note class="commentary F" eId="key-8699ba92c8f64b1d4f99331cd177b7f8">
<p>
Words in Sch. 3 para. 23 substituted (6.4.2015) by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482">The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2015/482/regulation/12/3/c">12(3)(c)</ref>
</p>
</note>
<note class="commentary F" eId="key-e23b1b7e89d8e1a0a1c521486e80e233">
<p>
Reg. 19A inserted (6.4.2016) by
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294">The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/294)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294/regulation/9">9</ref>
</p>
</note>
<note class="commentary F" eId="key-3a86c6c61037fa58bbf010f9bcfbee96">
<p>
Sch. 2 para. 4C inserted (6.4.2016) by
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294">The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/294)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294/regulation/10/3">10(3)</ref>
</p>
</note>
<note class="commentary F" eId="key-10ba3e98e75c1c245181f79f51eae08b">
<p>
Sch. 2 para. 22C inserted (6.4.2016) by
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294">The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/294)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294/regulation/10/5">10(5)</ref>
</p>
</note>
<note class="commentary F" eId="key-165840d516b8e04f335c6a46fe43fc8d">
<p>
Words in Reg. 2(1) inserted (6.4.2016) by
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294">The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/294)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294/regulation/8/1">8(1)</ref>
</p>
</note>
<note class="commentary F" eId="key-942784b7e15047eac318db0d209388c0">
<p>
Reg. 2(2)(a) substituted (6.4.2016) by
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294">The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/294)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294/regulation/8/2">8(2)</ref>
</p>
</note>
<note class="commentary F" eId="key-a0b3e8aa4ddb92eabd6b1b308a7f3899">
<p>
Words in Sch. 2 para. 4B inserted (6.4.2016) by
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294">The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/294)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294/regulation/10/2">10(2)</ref>
</p>
</note>
<note class="commentary F" eId="key-64f6f977b85f9d055e53216716befe81">
<p>
Words in Sch. 2 para. 22B inserted (6.4.2016) by
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294">The Pension Protection Fund and Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/294)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2016/294/regulation/10/4">10(4)</ref>
</p>
</note>
<note class="commentary F" eId="key-13272befc24052b948d9f4398eaa05c4">
<p>
Sch. 2 para. 12 omitted (6.4.2017) by virtue of
<ref href="http://www.legislation.gov.uk/id/uksi/2016/200">The Pensions Act 2014 (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order 2016 (S.I. 2016/200)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2016/200/article/1/3">arts. 1(3)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2016/200/article/32">32</ref>
</p>
</note>
<note class="commentary F" eId="key-73affbed695398644169e5e4ae1e6d89">
<p>
Reg. 29A inserted (coming into force in accordance with reg. 1(1)(3) of the amending S.I.) by
<ref href="http://www.legislation.gov.uk/id/uksi/2018/233">The Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations 2018 (S.I. 2018/233)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2018/233/regulation/3/6">reg. 3(6)</ref>
</p>
</note>
<note class="commentary F" eId="key-1109529d36466dd358fa04868e2004dc">
<p>
Words in reg. 4(1) substituted (coming into force in accordance with reg. 1(1)(3) of the amending S.I.) by
<ref href="http://www.legislation.gov.uk/id/uksi/2018/233">The Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations 2018 (S.I. 2018/233)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2018/233/regulation/3/2">reg. 3(2)</ref>
</p>
</note>
<note class="commentary F" eId="key-29148e710aae9a0f92a361ab995c9b54">
<p>
Reg. 26(4A) inserted (coming into force in accordance with reg. 1(1)(3) of the amending S.I.) by
<ref href="http://www.legislation.gov.uk/id/uksi/2018/233">The Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations 2018 (S.I. 2018/233)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2018/233/regulation/3/4">reg. 3(4)</ref>
</p>
</note>
<note class="commentary F" eId="key-20c5dbe20427349f9a07a6784a9a54fa">
<p>
Words in reg. 27(1) inserted (coming into force in accordance with reg. 1(1)(3) of the amending S.I.) by
<ref href="http://www.legislation.gov.uk/id/uksi/2018/233">The Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations 2018 (S.I. 2018/233)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2018/233/regulation/3/5">reg. 3(5)</ref>
</p>
</note>
<note class="commentary F" eId="key-5c76756258efee023b74b3cf06861db6">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2013/2734/schedule/3/part/6">Sch. 3 Pt. 6</ref>
inserted (6.4.2019) by
<ref href="http://www.legislation.gov.uk/id/uksi/2018/233">The Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations 2018 (S.I. 2018/233)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2018/233/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2018/233/regulation/3/7">3(7)</ref>
</p>
</note>
<note class="commentary F" eId="key-e06366000ed067b31ea02725d556e785">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2013/2734/schedule/6/paragraph/5A">Sch. 6 para. 5A</ref>
inserted (6.4.2019) by
<ref href="http://www.legislation.gov.uk/id/uksi/2018/233">The Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations 2018 (S.I. 2018/233)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2018/233/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2018/233/regulation/3/8">3(8)</ref>
</p>
</note>
<note class="commentary F" eId="key-9dbdec1eb2f3bf353ea761a748edf6fb">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2013/2734/regulation/12A">Reg. 12A</ref>
inserted (6.4.2019) by
<ref href="http://www.legislation.gov.uk/id/uksi/2018/233">The Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations 2018 (S.I. 2018/233)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2018/233/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2018/233/regulation/3/3">3(3)</ref>
</p>
</note>
<note class="commentary F" eId="key-a8e333c805ff9734e38c38e3e47bdeee">
<p>
Words in
<ref href="http://www.legislation.gov.uk/id/uksi/2013/2734/schedule/2/paragraph/10/a">Sch. 2 para. 10(a)</ref>
substituted (6.4.2019) by
<ref href="http://www.legislation.gov.uk/id/uksi/2019/383">The Financial Guidance and Claims Act 2018 (Naming and Consequential Amendments) Regulations 2019 (S.I. 2019/383)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/383/regulation/1/1">reg. 1(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/383/schedule/paragraph/22/a">Sch. para. 22(a)</ref>
</p>
</note>
<note class="commentary F" eId="key-42874c6e0a20d2668b36adb624819429">
<p>
Words in
<ref href="http://www.legislation.gov.uk/id/uksi/2013/2734/schedule/2/paragraph/24/a">Sch. 2 para. 24(a)</ref>
substituted (6.4.2019) by
<ref href="http://www.legislation.gov.uk/id/uksi/2019/383">The Financial Guidance and Claims Act 2018 (Naming and Consequential Amendments) Regulations 2019 (S.I. 2019/383)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/383/regulation/1/1">reg. 1(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/383/schedule/paragraph/22/b">Sch. para. 22(b)</ref>
</p>
</note>
</notes>
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<dc:title>The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013</dc:title>
<dc:type>text</dc:type>
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<dc:language>en</dc:language>
<dc:publisher>Statute Law Database</dc:publisher>
<dc:subject scheme="SIheading">PENSIONS</dc:subject>
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<dc:description>These Regulations impose requirements on occupational pension schemes and personal pension schemes relating to the provision of information. The Regulations replace the Personal Pension Schemes (Disclosure of Information) Regulations 1987 (S.I. 1987/1110) and the Occupational Pension Schemes (Disclosure of Information) Regulations 1996 (S.I. 1996/1655) which are now revoked. The provisions of those Instruments that are carried forward are consolidated and amended.</dc:description>
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<preface period="#period1">
<p class="number">
<docNumber>2013 No. 2734</docNumber>
</p>
<block name="subject">
<concept class="title" refersTo="#d4e102">Pensions</concept>
</block>
<p class="title">
<shortTitle>The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013</shortTitle>
</p>
<p class="MadeDate">
<span>Made</span>
<docDate date="2013-10-24">24th October 2013</docDate>
</p>
<p class="LaidDate">
<span>Laid before Parliament</span>
<docDate date="2013-10-31">31st October 2013</docDate>
</p>
<p class="ComingIntoForce">
<span>Coming into force</span>
<docDate date="2014-04-06">6th April 2014</docDate>
</p>
</preface>
<preamble>
<formula name="EnactingText">
<p>
The Secretary of State for Work and Pensions makes the following Regulations in exercise of the powers conferred by sections 113, 168(4), 181(1), 182(2) and (3) and 183(1) of the Pension Schemes Act 1993
<noteRef href="#c2193071" marker="M1" class="commentary M"/>
, sections 10(3), 41(1), (5), (5A) and (6), 124(1) and 174(2) and (3) of the Pensions Act 1995
<noteRef href="#c2193072" marker="M2" class="commentary M"/>
and sections 1(1)(b), 8(1) and 83(4) to (6) of the Welfare Reform and Pensions Act 1999
<noteRef href="#c2193073" marker="M3" class="commentary M"/>
.
</p>
<p>
In accordance with section 185(1) of the Pension Schemes Act 1993
<noteRef href="#c2193074" marker="M4" class="commentary M"/>
and section 120(1) of the Pensions Act 1995, the Secretary of State has consulted with such persons as the Secretary of State considers appropriate.
</p>
</formula>
</preamble>
<body eId="body" period="#period20">
<part eId="part-1" period="#period18">
<num>
<strong>PART 1</strong>
</num>
<heading>General</heading>
<hcontainer name="regulation" eId="regulation-1" period="#period1">
<num>1</num>
<heading>Citation, commencement, expiry, revocations and amendments</heading>
<paragraph eId="regulation-1-1">
<num>1</num>
<content>
<p>These Regulations may be cited as the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 and come into force on 6th April 2014.</p>
</content>
</paragraph>
<paragraph eId="regulation-1-2">
<num>2</num>
<intro>
<p>On 6th April 2015 the following provisions cease to have effect—</p>
</intro>
<subparagraph eId="regulation-1-2-a">
<num>a</num>
<content>
<p>paragraphs 2 and 3 of Schedule 6, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-1-2-b">
<num>b</num>
<content>
<p>paragraph 11(1)(b) and (2) of Schedule 8.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-1-3">
<num>3</num>
<intro>
<p>The following regulations are revoked—</p>
</intro>
<subparagraph eId="regulation-1-3-a">
<num>a</num>
<content>
<p>
the Personal Pension Schemes (Disclosure of Information) Regulations 1987
<noteRef href="#c2193075" marker="M5" class="commentary M"/>
, and
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-1-3-b">
<num>b</num>
<content>
<p>
the Occupational Pension Schemes (Disclosure of Information) Regulations 1996
<noteRef href="#c2193076" marker="M6" class="commentary M"/>
.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-1-4">
<num>4</num>
<content>
<p>The amendments made by Schedule 9 have effect.</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-2" period="#period15">
<num>2</num>
<heading>Interpretation</heading>
<paragraph eId="regulation-2-1">
<num>
<ins class="key-4b7a41eebd5cb77f09bc7c4c0d105369-1433510081994 first last">
<noteRef href="#key-4b7a41eebd5cb77f09bc7c4c0d105369" marker="F19" class="commentary attribute F"/>
1
</ins>
</num>
<content>
<p>In these Regulations—</p>
</content>
</paragraph>
<hcontainer name="wrapper">
<content>
<blockList class="unordered">
<item>
<p>
<term refersTo="#term-the-1993-act">the 1993 Act</term>
” means the Pension Schemes Act 1993;
</p>
</item>
<item>
<p>
<term refersTo="#term-the-1995-act">the 1995 Act</term>
” means the Pensions Act 1995;
</p>
</item>
<item>
<p>
<term refersTo="#term-the-1999-act">the 1999 Act</term>
” means the Welfare Reform and Pensions Act 1999;
</p>
</item>
<item>
<p>
<noteRef href="#c2193077" marker="M7" class="commentary M"/>
<term refersTo="#term-the-2004-act">the 2004 Act</term>
” means the Pensions Act 2004 ;
</p>
</item>
<item>
<p>
<ins class="key-67d2f2718b8d2f1aee8723fdb62a15f8-1433510162544 first last">
<noteRef href="#key-67d2f2718b8d2f1aee8723fdb62a15f8" marker="F20" class="commentary attribute F"/>
“the 2013 Act” means the Public Service Pensions Act 2013;
</ins>
</p>
</item>
<item>
<p>“accrued rights”—</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>in relation to an occupational pension scheme, has the meaning given in section 124(2) of the 1995 Act (interpretation of Part 1), and</p>
</item>
<item>
<num>b</num>
<p>in relation to a personal pension scheme means rights that have accrued under the scheme;</p>
</item>
</blockList>
</item>
<item>
<p>
<term refersTo="#term-beneficiary">beneficiary</term>
” means a person, other than a member, who is entitled to the payment of benefits under the scheme;
</p>
</item>
<item>
<p>
<ins class="substitution key-b83bb48653c6e1d411b47efc0ce06995-1433510629382 first last">
<noteRef href="#key-b83bb48653c6e1d411b47efc0ce06995" marker="F22" class="commentary attribute F"/>
“cash balance benefit” has the meaning given in section 75 of the Pension Schemes Act 2015 (meaning of “cash balance benefit”);
</ins>
</p>
</item>
<item>
<p>
<ins class="key-38d5905393d98355458239f7f570d35f-1433510218287 first last">
<noteRef href="#key-38d5905393d98355458239f7f570d35f" marker="F21" class="commentary attribute F"/>
“drawdown pension” has the meaning given in paragraph 4 of Schedule 28 to the Finance Act 2004 (drawdown pension);
</ins>
</p>
</item>
<item>
<p>
<noteRef href="#c2193078" marker="M8" class="commentary M"/>
<term refersTo="#term-electronic-communication">electronic communication</term>
” has the meaning given in section 15(1) of the Electronic Communications Act 2000 (general interpretation);
</p>
</item>
<item>
<p>
<term refersTo="#term-excluded-person">excluded person</term>
” means a member or beneficiary—
</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>whose present postal address and electronic address is not known to the trustees or managers of the scheme, and</p>
</item>
<item>
<num>b</num>
<p>in respect of whom the trustees or managers of the scheme have sent correspondence to their last known—</p>
<blockList class="ordered">
<item>
<num>i</num>
<p>postal address and that correspondence has been returned, or</p>
</item>
<item>
<num>ii</num>
<p>electronic address and the trustees or managers of the scheme are satisfied that correspondence has not been delivered;</p>
</item>
</blockList>
</item>
</blockList>
</item>
<item>
<p>
<ins class="key-38d5905393d98355458239f7f570d35f-1433510278885 first last">
<noteRef href="#key-38d5905393d98355458239f7f570d35f" marker="F21" class="commentary attribute F"/>
“flexible benefit” has the meaning given in section 74 of the Pension Schemes Act 2015 (meaning of “flexible benefit”);
</ins>
</p>
</item>
<item>
<p>
<noteRef href="#key-ec94e2ecb4b7f026da14f61ecd68ded7" marker="F24" class="commentary F"/>
...
</p>
</item>
<item>
<p>
<ins class="key-b91093f8ee23239b797864f069a4069f-1433510689247 first last">
<noteRef href="#key-b91093f8ee23239b797864f069a4069f" marker="F23" class="commentary attribute F"/>
“ill-health condition” has the meaning given in paragraph 1 of Schedule 28 to the Finance Act 2004 (ill-health condition);
</ins>
</p>
</item>
<item>
<p>
<term refersTo="#term-illustration-date">illustration date</term>
” means the date specified by the trustees or managers of the scheme as the date by reference to which amounts are calculated for the purpose of giving the information in Part 2 of Schedule 6;
</p>
</item>
<item>
<p>
<term refersTo="#term-lifestyling">lifestyling</term>
” means an investment strategy that aims progressively to reduce the potential for significant variation caused by market conditions in the value of the member's rights;
</p>
</item>
<item>
<p>“member”—</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>
<noteRef href="#c2193079" marker="M9" class="commentary M"/>
in relation to an occupational pension scheme, has the meaning given in section 124(1) of the 1995 Act , and
</p>
</item>
<item>
<num>b</num>
<p>in relation to a personal pension scheme, means a member of the scheme;</p>
</item>
</blockList>
</item>
<item>
<p>
<ins class="key-38d5905393d98355458239f7f570d35f-1433510328896 first last">
<noteRef href="#key-38d5905393d98355458239f7f570d35f" marker="F21" class="commentary attribute F"/>
“normal minimum pension age” has the meaning given in section 279(1) of the Finance Act 2004 (other definitions);
</ins>
</p>
</item>
<item>
<p>
<ins class="key-38d5905393d98355458239f7f570d35f-1433510371806 first">
<noteRef href="#key-38d5905393d98355458239f7f570d35f" marker="F21" class="commentary attribute F"/>
“pensions guidance” means guidance given by a designated guidance provider (which has the meaning given in section 333E(1) of the Financial Services and Markets Act 2000 (designation of
</ins>
<sub/>
<ins class="key-38d5905393d98355458239f7f570d35f-1433510371806 last"> providers) ) for the purpose of helping a member of a pension scheme, or a survivor of a member of a pension scheme, to make decisions about what to do with the flexible benefits that may be provided to the member or survivor; </ins>
</p>
</item>
<item>
<p>
<term refersTo="#term-prospective-member">prospective member</term>
” means a person who, under the terms of their contract of service, the scheme rules or both—
</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>can choose to become a member of the scheme,</p>
</item>
<item>
<num>b</num>
<p>will be able to choose to become a member of the scheme if they continue in the same employment for a certain period of time,</p>
</item>
<item>
<num>c</num>
<p>will become a member of the scheme automatically unless they choose not to become a member of the scheme, or</p>
</item>
<item>
<num>d</num>
<p>can become a member of the scheme if their employer consents;</p>
</item>
</blockList>
</item>
<item>
<p>
<term refersTo="#term-recipient">recipient</term>
” means the person, organisation or body to whom these Regulations require information or documents to be made available;
</p>
</item>
<item>
<p>
<noteRef href="#c2193080" marker="M10" class="commentary M"/>
<term refersTo="#term-recognised-trade-union">recognised trade union</term>
” means an independent trade union (within the meaning given in section 235(1) of the Employment Rights Act 1996 (other definitions)) that is recognised to any extent for the purposes of collective bargaining in relation to members and prospective members of a scheme;
</p>
</item>
<item>
<p>
<term refersTo="#term-the-regulator">the Regulator</term>
” means the Pensions Regulator established under section 1 of the 2004 Act (the Pensions Regulator);
</p>
</item>
<item>
<p>
<term refersTo="#term-relevant-employment">relevant employment</term>
” means any employment to which the scheme relates;
</p>
</item>
<item>
<p>
<noteRef href="#c2193081" marker="M11" class="commentary M"/>
<term refersTo="#term-relevant-guidance">relevant guidance</term>
” means the document entitled “AS TM1: Statutory Money Purchase Illustrations” that is adopted or prepared, and from time to time revised, by the Financial Reporting Council Limited ;
</p>
</item>
<item>
<p>
<term refersTo="#term-relevant-person">relevant person</term>
” means a—
</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>member or prospective member of the scheme,</p>
</item>
<item>
<num>b</num>
<p>spouse or civil partner of a member or prospective member,</p>
</item>
<item>
<num>c</num>
<p>beneficiary of the scheme,</p>
</item>
<item>
<num>d</num>
<p>recognised trade union;</p>
</item>
</blockList>
</item>
<item>
<p>
<term refersTo="#term-retirement-date">retirement date</term>
” has the meaning given in regulation 19(5);
</p>
</item>
<item>
<p>
<term refersTo="#term-scheme-year">scheme year</term>
” means, in relation to an occupational pension scheme—
</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>a year specified for the purposes of the scheme in any scheme document or, if there is no such year specified, a period of 12 months commencing on 1st April or on such other date as the trustees choose, or</p>
</item>
<item>
<num>b</num>
<p>a period between 6 and 18 months specified by the trustees in connection with—</p>
<blockList class="ordered">
<item>
<num>i</num>
<p>the commencement or termination of the scheme, or</p>
</item>
<item>
<num>ii</num>
<p>a variation of the date on which the period referred to in paragraph (a) is to commence;</p>
</item>
</blockList>
</item>
</blockList>
</item>
<item>
<p>
<ins class="key-38d5905393d98355458239f7f570d35f-1433510422552 first last">
<noteRef href="#key-38d5905393d98355458239f7f570d35f" marker="F21" class="commentary attribute F"/>
“survivor” has the meaning given in section 76(1) of the Pension Schemes Act 2015 (interpretation of Part 4);
</ins>
</p>
</item>
<item>
<p>
<term refersTo="#term-tax-registered-scheme">tax registered scheme</term>
” means a scheme that—
</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>
<noteRef href="#c2193082" marker="M12" class="commentary M"/>
is registered under section 153 of the Finance Act 2004 (registration of pension schemes),
</p>
</item>
<item>
<num>b</num>
<p>was formerly registered under that section,</p>
</item>
<item>
<num>c</num>
<p>is deemed to be registered under that section by virtue of paragraph 1 of Schedule 36 to that Act (pension schemes: transitional provisions and savings), or</p>
</item>
<item>
<num>d</num>
<p>has applied for registration under that section and the Commissioners for Her Majesty's Revenue and Customs have not decided whether to register the scheme;</p>
</item>
</blockList>
</item>
<item>
<p>
<ins class="key-38d5905393d98355458239f7f570d35f-1433510455380 first last">
<noteRef href="#key-38d5905393d98355458239f7f570d35f" marker="F21" class="commentary attribute F"/>
“transferrable rights” has the meaning given in section 93(11)(b) of the 1993 Act (scope of Chapter 1);
</ins>
</p>
</item>
<item>
<p>
<ins class="key-165840d516b8e04f335c6a46fe43fc8d-1476362156695 first last">
<noteRef href="#key-165840d516b8e04f335c6a46fe43fc8d" marker="F59" class="commentary attribute F"/>
“unfunded public service defined benefits scheme” has the meaning given in section 95(2C) of the 1993 Act (ways of taking right to cash equivalent);
</ins>
</p>
</item>
<item>
<p>
<term refersTo="#term-wholly-insured-scheme">wholly insured scheme</term>
” means a scheme under which all the benefits provided are secured by a policy or policies of insurance or annuity contract or contracts.
</p>
</item>
</blockList>
</content>
</hcontainer>
<paragraph eId="regulation-2-2">
<num>
<ins class="key-2d4d0b6d474c99619c22b50aef758ad8-1433510887101 first">
<noteRef href="#key-2d4d0b6d474c99619c22b50aef758ad8" marker="F25" class="commentary attribute F"/>
2
</ins>
</num>
<intro>
<p>
<ins class="key-2d4d0b6d474c99619c22b50aef758ad8-1433510887101">In these Regulations—</ins>
</p>
</intro>
<subparagraph eId="regulation-2-2-a">
<num>
<ins class="key-2d4d0b6d474c99619c22b50aef758ad8-1433510887101">
<ins class="substitution key-942784b7e15047eac318db0d209388c0-1476362493801 first">
<noteRef href="#key-942784b7e15047eac318db0d209388c0" marker="F60" class="commentary attribute F"/>
a
</ins>
</ins>
</num>
<intro>
<p>
<ins class="key-2d4d0b6d474c99619c22b50aef758ad8-1433510887101">
<ins class="substitution key-942784b7e15047eac318db0d209388c0-1476362493801">a member has an opportunity to transfer flexible benefits where—</ins>
</ins>
</p>
</intro>
<clause eId="regulation-2-2-a-i">
<num>
<ins class="key-2d4d0b6d474c99619c22b50aef758ad8-1433510887101">
<ins class="substitution key-942784b7e15047eac318db0d209388c0-1476362493801">i</ins>
</ins>
</num>
<intro>
<p>
<ins class="key-2d4d0b6d474c99619c22b50aef758ad8-1433510887101">
<ins class="substitution key-942784b7e15047eac318db0d209388c0-1476362493801">the member—</ins>
</ins>
</p>
</intro>
<subclause eId="regulation-2-2-a-i-aa">
<num>
<ins class="key-2d4d0b6d474c99619c22b50aef758ad8-1433510887101">
<ins class="substitution key-942784b7e15047eac318db0d209388c0-1476362493801">aa</ins>
</ins>
</num>
<content>
<p>
<ins class="key-2d4d0b6d474c99619c22b50aef758ad8-1433510887101">
<ins class="substitution key-942784b7e15047eac318db0d209388c0-1476362493801">has transferrable rights in relation to flexible benefits; or</ins>
</ins>
</p>
</content>
</subclause>
<subclause eId="regulation-2-2-a-i-bb">
<num>
<ins class="key-2d4d0b6d474c99619c22b50aef758ad8-1433510887101">
<ins class="substitution key-942784b7e15047eac318db0d209388c0-1476362493801">bb</ins>
</ins>
</num>
<content>
<p>
<ins class="key-2d4d0b6d474c99619c22b50aef758ad8-1433510887101">
<ins class="substitution key-942784b7e15047eac318db0d209388c0-1476362493801">would have transferrable rights in relation to flexible benefits if the member stopped accruing rights to some or all of the flexible benefits (see sub-paragraph (b)),</ins>
</ins>
</p>
</content>
</subclause>
<wrapUp>
<p>
<ins class="key-2d4d0b6d474c99619c22b50aef758ad8-1433510887101">
<ins class="substitution key-942784b7e15047eac318db0d209388c0-1476362493801"> and the making of a transfer or transfer payment in respect of the flexible benefits is not prohibited by section 135(4)(a) of the 2004 Act (restrictions on winding up, discharge of liabilities </ins>
</ins>
<abbr title="et cetera" xml:lang="la">
<ins class="key-2d4d0b6d474c99619c22b50aef758ad8-1433510887101">
<ins class="substitution key-942784b7e15047eac318db0d209388c0-1476362493801">etc.</ins>
</ins>
</abbr>
<ins class="key-2d4d0b6d474c99619c22b50aef758ad8-1433510887101">
<ins class="substitution key-942784b7e15047eac318db0d209388c0-1476362493801"> ); or </ins>
</ins>
</p>
</wrapUp>
</clause>
<clause eId="regulation-2-2-a-ii">
<num>
<ins class="key-2d4d0b6d474c99619c22b50aef758ad8-1433510887101">
<ins class="substitution key-942784b7e15047eac318db0d209388c0-1476362493801">ii</ins>
</ins>
</num>
<content>
<p>
<ins class="key-2d4d0b6d474c99619c22b50aef758ad8-1433510887101">
<ins class="substitution key-942784b7e15047eac318db0d209388c0-1476362493801 last">the member has an opportunity to transfer accrued rights to flexible benefits out of the scheme under the scheme rules;</ins>
</ins>
</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="regulation-2-2-b">
<num>
<ins class="key-2d4d0b6d474c99619c22b50aef758ad8-1433510887101">b</ins>
</num>
<content>
<p>
<ins class="key-2d4d0b6d474c99619c22b50aef758ad8-1433510887101 last">a member stops accruing rights to flexible benefits when there are no longer arrangements in place for the accrual of rights to those flexible benefits for or in respect of the member.</ins>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-3" period="#period1">
<num>3</num>
<heading>Recognised trade union</heading>
<content>
<p>Where there is a question about whether an organisation is a recognised trade union, that question must be referred to an employment tribunal.</p>
</content>
</hcontainer>
<hcontainer name="regulation" eId="regulation-4" period="#period18">
<num>4</num>
<heading>Application of these Regulations</heading>
<paragraph eId="regulation-4-1">
<num>1</num>
<content>
<p>
Subject to paragraphs (2), (3) and (6) the trustees or managers of an occupational pension scheme that falls within paragraph 1 of Schedule 1 must give information in accordance with regulations 6, 8 to 22, 24
<ins class="substitution key-1109529d36466dd358fa04868e2004dc-1555325876587 first last">
<noteRef href="#key-1109529d36466dd358fa04868e2004dc" marker="F65" class="commentary attribute F"/>
, 25 and, where the scheme is a relevant scheme within the meaning of the Occupational Pension Schemes (Scheme Administration) Regulations 1996, regulation 29A.
</ins>
</p>
</content>
</paragraph>
<paragraph eId="regulation-4-2">
<num>2</num>
<intro>
<p>Regulations 9, 10, 12, 13 and 15 do not apply to a public service pension scheme if—</p>
</intro>
<subparagraph eId="regulation-4-2-a">
<num>a</num>
<content>
<p>there are no requirements for assets related to the intended rate or amount of benefit under the scheme to be set aside in advance (disregarding requirements relating to additional voluntary contributions),</p>
</content>
</subparagraph>
<subparagraph eId="regulation-4-2-b">
<num>b</num>
<content>
<p>
it is made under section 7 of the Superannuation Act 1972
<noteRef href="#c2193083" marker="M13" class="commentary M"/>
(superannuation of persons employed in local government service,
<abbr title="et cetera" xml:lang="la">etc.</abbr>
)
<ins class="key-3c3fd710f106cf99aa7d8dacc3bc63de-1433511441275 first last">
<noteRef href="#key-3c3fd710f106cf99aa7d8dacc3bc63de" marker="F26" class="commentary attribute F"/>
or it is a defined benefits scheme under section 1 (schemes for persons in public service) of the 2013 Act in relation to persons specified in subsection (2)(c) of that section
</ins>
, or
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-4-2-c">
<num>
<ins class="substitution key-127dbbdac50c97f3e843584292802f49-1433511670754 first">
<noteRef href="#key-127dbbdac50c97f3e843584292802f49" marker="F27" class="commentary attribute F"/>
c
</ins>
</num>
<content>
<p>
<ins class="substitution key-127dbbdac50c97f3e843584292802f49-1433511670754 last">it is provided for by section 40 of, and Schedule 6 to, the Constitutional Reform and Governance Act 2010 (Parliamentary and other pensions).</ins>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-4-3">
<num>3</num>
<content>
<p>
Regulation 17 does not apply to a stakeholder pension scheme within the meaning of section 1 of the 1999 Act
<noteRef href="#c2193085" marker="M14" class="commentary M"/>
(meaning of “stakeholder pension scheme”).
</p>
</content>
</paragraph>
<paragraph eId="regulation-4-4">
<num>4</num>
<intro>
<p>Subject to paragraph (6), the trustees or managers of a pension scheme that is—</p>
</intro>
<subparagraph eId="regulation-4-4-a">
<num>a</num>
<content>
<p>an occupational pension scheme that does not fall within paragraph 1 of Schedule 1, or</p>
</content>
</subparagraph>
<subparagraph eId="regulation-4-4-b">
<num>b</num>
<content>
<p>
established under the Salvation Army Act 1963
<noteRef href="#c2193086" marker="M15" class="commentary M"/>
,
</p>
</content>
</subparagraph>
<wrapUp>
<p>must give information in accordance with regulation 7.</p>
</wrapUp>
</paragraph>
<paragraph eId="regulation-4-5">
<num>5</num>
<content>
<p>
Subject to paragraphs (3) and (6) the managers of a personal pension scheme that falls within paragraph 2 of Schedule 1 must give information in accordance with regulations 10, 17
<ins class="substitution key-e97e323b6321026a65512329f19f36ed-1433511750805 first last">
<noteRef href="#key-e97e323b6321026a65512329f19f36ed" marker="F28" class="commentary attribute F"/>
, 18
</ins>
, 21 and 23.
</p>
</content>
</paragraph>
<paragraph eId="regulation-4-6">
<num>6</num>
<intro>
<p>Paragraphs (1), (4) and (5) do not require the trustees or managers of a scheme to give information to—</p>
</intro>
<subparagraph eId="regulation-4-6-a">
<num>a</num>
<content>
<p>a member or prospective member if no person who employs them in relevant employment has informed the trustees or managers of the scheme that they are a member or prospective member,</p>
</content>
</subparagraph>
<subparagraph eId="regulation-4-6-b">
<num>b</num>
<content>
<p>a recognised trade union if no person who employs a member or prospective member in relation to whom the trade union is a recognised trade union has informed the trustees or managers of the scheme that the trade union is a recognised trade union, or</p>
</content>
</subparagraph>
<subparagraph eId="regulation-4-6-c">
<num>c</num>
<content>
<p>a member of an occupational pension scheme where all the members are trustees or managers of the scheme.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-4-7">
<num>7</num>
<content>
<p>
<ins class="substitution key-4ca57b0cea82987a665d745c2f957a79-1433511803671 first last">
<noteRef href="#key-4ca57b0cea82987a665d745c2f957a79" marker="F29" class="commentary attribute F"/>
Except when information is given verbally in accordance with regulation 18B(3), when
</ins>
any information is given in accordance with paragraph (1), (4) or (5), it must be accompanied by the postal and electronic address to which a person should send requests for further information or any other enquiry.
</p>
</content>
</paragraph>
<paragraph eId="regulation-4-8">
<num>
<ins class="key-b66685b92a6b3fa6b38925830b387450-1433511857782 first">
<noteRef href="#key-b66685b92a6b3fa6b38925830b387450" marker="F30" class="commentary attribute F"/>
8
</ins>
</num>
<content>
<p>
<ins class="key-b66685b92a6b3fa6b38925830b387450-1433511857782 last">In this regulation “defined benefits scheme” has the meaning given in section 37 of the 2013 Act.</ins>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-5" period="#period8">
<num>
<noteRef href="#key-1851d610ea64840749f1be7febb67e76" marker="C1" class="commentary C"/>
5
</num>
<heading>Civil penalties relating to occupational pension schemes</heading>
<intro>
<p>Where in relation to an occupational pension scheme a person fails without reasonable excuse to comply with any requirement imposed under these Regulations, the Regulator may, by notice in writing, require that person to pay, within 28 days, a penalty that must not—</p>
</intro>
<subparagraph eId="regulation-5-a">
<num>a</num>
<content>
<p>in the case of an individual, exceed £5,000, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-5-b">
<num>b</num>
<content>
<p>in any other case exceed £50,000.</p>
</content>
</subparagraph>
</hcontainer>
</part>
<part eId="part-2" period="#period1">
<num>
<strong>PART 2</strong>
</num>
<heading>Information for new and prospective members</heading>
<hcontainer name="regulation" eId="regulation-6" period="#period1">
<num>6</num>
<heading>Basic scheme information</heading>
<paragraph eId="regulation-6-1">
<num>1</num>
<content>
<p>The basic scheme information mentioned in paragraph (2) must be given in accordance with this regulation.</p>
</content>
</paragraph>
<paragraph eId="regulation-6-2">
<num>2</num>
<intro>
<p>The basic scheme information is the information listed in—</p>
</intro>
<subparagraph eId="regulation-6-2-a">
<num>a</num>
<content>
<p>Part 1 of Schedule 2, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-6-2-b">
<num>b</num>
<content>
<p>Part 3 of that Schedule where the scheme contains provision for lifestyling (see regulation 18).</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-6-3">
<num>3</num>
<intro>
<p>The information must be given to—</p>
</intro>
<subparagraph eId="regulation-6-3-a">
<num>a</num>
<content>
<p>prospective members, if it is practicable to do so, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-6-3-b">
<num>b</num>
<content>
<p>members who have not already been given the information.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-6-4">
<num>4</num>
<intro>
<p>The information must also be given to a relevant person who—</p>
</intro>
<subparagraph eId="regulation-6-4-a">
<num>a</num>
<content>
<p>makes a request for the information, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-6-4-b">
<num>b</num>
<content>
<p>has not been given that information in the previous 12 months.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-6-5">
<num>5</num>
<content>
<p>Where the trustees or managers of the scheme have in relation to a member or prospective member received jobholder information, the information must be given within one month of the date that information was received.</p>
</content>
</paragraph>
<paragraph eId="regulation-6-6">
<num>6</num>
<content>
<p>Where the trustees or managers of the scheme have not received jobholder information in relation to a member or prospective member, the information must be given within two months of the date the person became an active member of the scheme.</p>
</content>
</paragraph>
<paragraph eId="regulation-6-7">
<num>7</num>
<content>
<p>Where the trustees or managers of the scheme have received a request for the information from a relevant person, the information must be given within two months of that request.</p>
</content>
</paragraph>
<paragraph eId="regulation-6-8">
<num>8</num>
<intro>
<p>No information is required to be given under this regulation to—</p>
</intro>
<subparagraph eId="regulation-6-8-a">
<num>a</num>
<content>
<p>a relevant person, except a recognised trade union, unless it is relevant to the person's rights or prospective rights under the scheme, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-6-8-b">
<num>b</num>
<content>
<p>a recognised trade union unless it is relevant to the rights or prospective rights of persons who are in that recognised trade union.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-6-9">
<num>9</num>
<content>
<p>
In this regulation “
<term refersTo="#term-jobholder-information">jobholder information</term>
” means the information specified in regulation 3 of the Occupational and Personal Pension Schemes (Automatic Enrolment) Regulations 2010
<noteRef href="#c2193087" marker="M16" class="commentary M"/>
(jobholder information).
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-7" period="#period1">
<num>7</num>
<heading>Basic scheme information to be given by certain schemes</heading>
<paragraph eId="regulation-7-1">
<num>1</num>
<content>
<p>The basic scheme information mentioned in paragraph (2) must be given in accordance with this regulation.</p>
</content>
</paragraph>
<paragraph eId="regulation-7-2">
<num>2</num>
<intro>
<p>The basic scheme information is the information listed in—</p>
</intro>
<subparagraph eId="regulation-7-2-a">
<num>a</num>
<content>
<p>Part 2 of Schedule 2, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-7-2-b">
<num>b</num>
<content>
<p>Part 3 of that Schedule where the scheme contains provision for lifestyling (see regulation 18).</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-7-3">
<num>3</num>
<intro>
<p>The information must be given to—</p>
</intro>
<subparagraph eId="regulation-7-3-a">
<num>a</num>
<content>
<p>prospective members,</p>
</content>
</subparagraph>
<subparagraph eId="regulation-7-3-b">
<num>b</num>
<content>
<p>members who have not already been given the information, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-7-3-c">
<num>c</num>
<content>
<p>a recognised trade union on request.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-7-4">
<num>4</num>
<intro>
<p>The information must be given to—</p>
</intro>
<subparagraph eId="regulation-7-4-a">
<num>a</num>
<content>
<p>a prospective member, if it is practicable to do so,</p>
</content>
</subparagraph>
<subparagraph eId="regulation-7-4-b">
<num>b</num>
<content>
<p>a member within two months of membership beginning, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-7-4-c">
<num>c</num>
<content>
<p>a recognised trade union within two months of the date the request is made.</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
</part>
<part eId="part-3" period="#period13">
<num>
<strong>PART 3</strong>
</num>
<heading>Changes to information</heading>
<hcontainer name="regulation" eId="regulation-8" period="#period6">
<num>8</num>
<heading>Material alterations to basic scheme information</heading>
<paragraph eId="regulation-8-1">
<num>1</num>
<intro>
<p>The information mentioned in paragraph (2) must be given in accordance with this regulation where—</p>
</intro>
<subparagraph eId="regulation-8-1-a">
<num>a</num>
<content>
<p>there is a change in relation to the scheme, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-8-1-b">
<num>b</num>
<content>
<p>that change results in a material alteration in the information listed in Part 1 of Schedule 2.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-8-2">
<num>2</num>
<content>
<p>The information is the information referred to in paragraph (1)(b) that has materially changed.</p>
</content>
</paragraph>
<paragraph eId="regulation-8-3">
<num>3</num>
<content>
<p>The information must be given to all members and beneficiaries of the scheme except for excluded persons and to a recognised trade union.</p>
</content>
</paragraph>
<paragraph eId="regulation-8-4">
<num>4</num>
<content>
<p>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.</p>
</content>
</paragraph>
<paragraph eId="regulation-8-5">
<num>5</num>
<intro>
<p>No information is required to be given under this regulation to—</p>
</intro>
<subparagraph eId="regulation-8-5-a">
<num>a</num>
<content>
<p>relevant persons, except a recognised trade union, unless it is relevant to the person's rights or prospective rights under the scheme, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-8-5-b">
<num>b</num>
<intro>
<p>a recognised trade union unless—</p>
</intro>
<clause eId="regulation-8-5-b-i">
<num>i</num>
<content>
<p>it is relevant to the rights or prospective rights of persons who are in that recognised trade union, and</p>
</content>
</clause>
<clause eId="regulation-8-5-b-ii">
<num>ii</num>
<content>
<p>basic scheme information has already been given to the recognised trade union under regulation 6.</p>
</content>
</clause>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-9" period="#period1">
<num>9</num>
<heading>Modification by the Regulator</heading>
<content>
<p>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.</p>
</content>
</hcontainer>
<hcontainer name="regulation" eId="regulation-10" period="#period10">
<num>10</num>
<heading>Former stakeholder pension schemes</heading>
<paragraph eId="regulation-10-1">
<num>1</num>
<content>
<p>
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
<noteRef href="#c2193088" marker="M17" class="commentary M"/>
(registration of stakeholder pension schemes).
</p>
</content>
</paragraph>
<paragraph eId="regulation-10-2">
<num>2</num>
<intro>
<p>The information is a statement that the scheme—</p>
</intro>
<subparagraph eId="regulation-10-2-a">
<num>a</num>
<content>
<p>has been removed from the register,</p>
</content>
</subparagraph>
<subparagraph eId="regulation-10-2-b">
<num>b</num>
<content>
<p>is no longer a stakeholder pension scheme, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-10-2-c">
<num>c</num>
<content>
<p>is required to begin winding up.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-10-3">
<num>3</num>
<content>
<p>The information must be given to members except excluded persons.</p>
</content>
</paragraph>
<paragraph eId="regulation-10-4">
<num>4</num>
<content>
<p>
The information must be given no more than
<ins class="substitution key-47375ac19a3415d03e24aeb2b921ef2c-1433512228275 first last">
<noteRef href="#key-47375ac19a3415d03e24aeb2b921ef2c" marker="F31" class="commentary attribute F"/>
two weeks after
</ins>
the trustees or managers of the scheme are notified that the scheme has been removed from the register.
</p>
</content>
</paragraph>
</hcontainer>
</part>
<part eId="part-4" period="#period22">
<num>
<strong>PART 4</strong>
</num>
<heading>Information to be given on request</heading>
<hcontainer name="regulation" eId="regulation-11" period="#period1">
<num>11</num>
<heading>Constitution of the scheme</heading>
<paragraph eId="regulation-11-1">
<num>1</num>
<content>
<p>The information listed in Part 1 of Schedule 3 must be given to a relevant person in accordance with this regulation where the relevant person makes a request for the information.</p>
</content>
</paragraph>
<paragraph eId="regulation-11-2">
<num>2</num>
<content>
<p>The information must be given within two months of the date the request is made.</p>
</content>
</paragraph>
<paragraph eId="regulation-11-3">
<num>3</num>
<content>
<p>The information must be given in accordance with regulation 29.</p>
</content>
</paragraph>
<paragraph eId="regulation-11-4">
<num>4</num>
<content>
<p>Any document that must be given under paragraph (1) which is not in the English language must be accompanied by a translation in that language.</p>
</content>
</paragraph>
<paragraph eId="regulation-11-5">
<num>5</num>
<intro>
<p>No information is required to be given under this regulation—</p>
</intro>
<subparagraph eId="regulation-11-5-a">
<num>a</num>
<content>
<p>to relevant persons, except a recognised trade union, unless it is relevant to the person's rights or prospective rights under the scheme,</p>
</content>
</subparagraph>
<subparagraph eId="regulation-11-5-b">
<num>b</num>
<content>
<p>to a recognised trade union unless it is relevant to the rights or prospective rights of persons who are in that recognised trade union, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-11-5-c">
<num>c</num>
<content>
<p>where the information has been given to the relevant person in the previous 12 months unless there has been a change in the information.</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-12" period="#period3">
<num>12</num>
<heading>Annual report</heading>
<paragraph eId="regulation-12-1">
<num>1</num>
<content>
<p>A document containing the information listed in Part 2 of Schedule 3 must be prepared within seven months of the end of each scheme year and given in accordance with this regulation.</p>
</content>
</paragraph>
<paragraph eId="regulation-12-2">
<num>2</num>
<intro>
<p>The document must be given to a relevant person where the relevant person—</p>
</intro>
<subparagraph eId="regulation-12-2-a">
<num>a</num>
<content>
<p>makes a request for the document within five years of the end of the scheme year to which the information relates, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-12-2-b">
<num>b</num>
<content>
<p>has not been given the document before.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-12-3">
<num>3</num>
<content>
<p>The document must be given within two months of the date the request is made.</p>
</content>
</paragraph>
<paragraph eId="regulation-12-4">
<num>4</num>
<intro>
<p>The document must be given in accordance with—</p>
</intro>
<subparagraph eId="regulation-12-4-a">
<num>a</num>
<content>
<p>regulation 26 or 29(3), where the document relates to the most recent scheme year, or</p>
</content>
</subparagraph>
<subparagraph eId="regulation-12-4-b">
<num>b</num>
<content>
<p>regulation 29, where the document does not relate to that year.</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-12A" period="#period20">
<num>
<ins class="key-9dbdec1eb2f3bf353ea761a748edf6fb-1565942149019">12A</ins>
</num>
<heading>
<ins class="key-9dbdec1eb2f3bf353ea761a748edf6fb-1565942149019 first">
<noteRef href="#key-9dbdec1eb2f3bf353ea761a748edf6fb" marker="F70" class="commentary attribute F"/>
Additional information available on request: pooled funds
</ins>
</heading>
<paragraph eId="regulation-12A-1">
<num>
<ins class="key-9dbdec1eb2f3bf353ea761a748edf6fb-1565942149019">1</ins>
</num>
<content>
<p>
<ins class="key-9dbdec1eb2f3bf353ea761a748edf6fb-1565942149019">Where the scheme is a relevant scheme within the meaning of the Occupational Pension Schemes (Scheme Administration) Regulations 1996, a statement containing the information listed in paragraph 35 of Schedule 3 must be given on request to a member, or to a recognised trade union on behalf of the member, in accordance with this regulation.</ins>
</p>
</content>
</paragraph>
<paragraph eId="regulation-12A-2">
<num>
<ins class="key-9dbdec1eb2f3bf353ea761a748edf6fb-1565942149019">2</ins>
</num>
<content>
<p>
<ins class="key-9dbdec1eb2f3bf353ea761a748edf6fb-1565942149019">The statement must be given within two months of the date the request is made and it must be given in accordance with regulation 26 (giving information and documents).</ins>
</p>
</content>
</paragraph>
<paragraph eId="regulation-12A-3">
<num>
<ins class="key-9dbdec1eb2f3bf353ea761a748edf6fb-1565942149019">3</ins>
</num>
<intro>
<p>
<ins class="key-9dbdec1eb2f3bf353ea761a748edf6fb-1565942149019">A statement is not required to be given where the request is made—</ins>
</p>
</intro>
<subparagraph eId="regulation-12A-3-a">
<num>
<ins class="key-9dbdec1eb2f3bf353ea761a748edf6fb-1565942149019">a</ins>
</num>
<content>
<p>
<ins class="key-9dbdec1eb2f3bf353ea761a748edf6fb-1565942149019">less than 6 months after the last occasion on which information was given to or in respect of the member under this regulation; or</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-12A-3-b">
<num>
<ins class="key-9dbdec1eb2f3bf353ea761a748edf6fb-1565942149019">b</ins>
</num>
<content>
<p>
<ins class="key-9dbdec1eb2f3bf353ea761a748edf6fb-1565942149019 last">by a recognised trade union unless it is relevant to the rights of a member who is in that recognised trade union.</ins>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-13" period="#period1">
<num>13</num>
<heading>Other information to be given on request</heading>
<paragraph eId="regulation-13-1">
<num>1</num>
<content>
<p>The information listed in Part 3 of Schedule 3 must be given to a relevant person in accordance with this regulation where the relevant person makes a request for the information.</p>
</content>
</paragraph>
<paragraph eId="regulation-13-2">
<num>2</num>
<content>
<p>The information must be given within two months of the date the request is made.</p>
</content>
</paragraph>
<paragraph eId="regulation-13-3">
<num>3</num>
<content>
<p>The information must be given in accordance with regulation 29.</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-14" period="#period1">
<num>14</num>
<heading>Transfer credits</heading>
<paragraph eId="regulation-14-1">
<num>1</num>
<content>
<p>The information listed in Part 4 of Schedule 3 must be given in accordance with this regulation.</p>
</content>
</paragraph>
<paragraph eId="regulation-14-2">
<num>2</num>
<content>
<p>Subject to paragraph (3), the information must be given to any member or prospective member who makes a request for it.</p>
</content>
</paragraph>
<paragraph eId="regulation-14-3">
<num>3</num>
<content>
<p>Paragraph (2) does not apply where the request mentioned in that paragraph is made less than 12 months after the last occasion on which such information was given.</p>
</content>
</paragraph>
<paragraph eId="regulation-14-4">
<num>4</num>
<content>
<p>The information must be given within two months of the date the request is made.</p>
</content>
</paragraph>
</hcontainer>
</part>
<part eId="part-5" period="#period13">
<num>
<strong>PART 5</strong>
</num>
<heading>Funding statements, benefit statements and illustrations</heading>
<hcontainer name="regulation" eId="regulation-15" period="#period1">
<num>15</num>
<heading>Summary funding statements</heading>
<paragraph eId="regulation-15-1">
<num>1</num>
<content>
<p>The information listed in Schedule 4, in the form of a summary funding statement, must be given in accordance with this regulation where the trustees or managers of the scheme have obtained an actuarial valuation or report under section 224 of the 2004 Act (actuarial valuations and reports).</p>
</content>
</paragraph>
<paragraph eId="regulation-15-2">
<num>2</num>
<intro>
<p>The information must be given to all members and beneficiaries of the scheme except—</p>
</intro>
<subparagraph eId="regulation-15-2-a">
<num>a</num>
<content>
<p>excluded persons, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-15-2-b">
<num>b</num>
<content>
<p>members or beneficiaries whose only entitlement to benefits under the scheme is, or will be, to money purchase benefits.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-15-3">
<num>3</num>
<content>
<p>The information must be given on, before or within a reasonable period after, the date by which the trustees or managers of the scheme are required under section 224 of the 2004 Act to ensure that the valuation or report is received by them.</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-16" period="#period10">
<num>16</num>
<heading>Statements of benefits: non money purchase benefits</heading>
<paragraph eId="regulation-16-1">
<num>1</num>
<intro>
<p>The information mentioned in paragraph (2) must be given in accordance with this regulation where—</p>
</intro>
<subparagraph eId="regulation-16-1-a">
<num>a</num>
<content>
<p>the member has rights to benefits that are not money purchase benefits,</p>
</content>
</subparagraph>
<subparagraph eId="regulation-16-1-b">
<num>b</num>
<content>
<p>
the member requests that information,
<noteRef href="#key-4f06ca5124eb5b2eeadb4fcd555fb78a" marker="F32" class="commentary F"/>
...
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-16-1-c">
<num>c</num>
<content>
<p>
information has not been given to that member under this regulation in the 12 months before that
<ins class="substitution key-d1310853201ba0c4e498988e57a4ad66-1433512572579 first last">
<noteRef href="#key-d1310853201ba0c4e498988e57a4ad66" marker="F33" class="commentary attribute F"/>
request, and
</ins>
.
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-16-1-d">
<num>
<ins class="key-97c7eee571b8a6d0b3283127181a92ee-1433512614390 first">
<noteRef href="#key-97c7eee571b8a6d0b3283127181a92ee" marker="F34" class="commentary attribute F"/>
d
</ins>
</num>
<content>
<p>
<ins class="key-97c7eee571b8a6d0b3283127181a92ee-1433512614390 last">in relation to active members, a benefit information statement has not been provided pursuant to section 14(1) (information about benefits) of the 2013 Act in the 12 months before the request in sub-paragraph (b).</ins>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-16-2">
<num>2</num>
<intro>
<p>The information is—</p>
</intro>
<subparagraph eId="regulation-16-2-a">
<num>a</num>
<content>
<p>for active members, the information listed in Parts 1 and 2 of Schedule 5,</p>
</content>
</subparagraph>
<subparagraph eId="regulation-16-2-b">
<num>b</num>
<content>
<p>for deferred members, the information listed in Parts 2 and 3 of that Schedule,</p>
</content>
</subparagraph>
<subparagraph eId="regulation-16-2-c">
<num>c</num>
<content>
<p>for pension credit members, the information listed in Part 4 of that Schedule.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-16-3">
<num>3</num>
<content>
<p>The information must be given as soon as practicable but no more than two months after the date the request is made.</p>
</content>
</paragraph>
<paragraph eId="regulation-16-4">
<num>4</num>
<content>
<p>
In this regulation “
<term refersTo="#term-pension-credit-member">pension credit member</term>
” means a person who has rights under the scheme that are attributable (directly or indirectly) to a credit under section 29(1)(b) of the 1999 Act (creation of pension debits and credits) or under article 26(1)(b) of the Welfare Reform and Pensions (Northern Ireland) Order 1999
<noteRef href="#c2193089" marker="M18" class="commentary M"/>
.
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-16A" period="#period8">
<num>
<ins class="key-1d86681c84c4ef3ee4381e0a9ec3e5f7-1433497778307">16A</ins>
</num>
<heading>
<ins class="key-1d86681c84c4ef3ee4381e0a9ec3e5f7-1433497778307 first">
<noteRef href="#key-1d86681c84c4ef3ee4381e0a9ec3e5f7" marker="F4" class="commentary attribute F"/>
Statements of benefits: cash balance benefits
</ins>
</heading>
<paragraph eId="regulation-16A-1">
<num>
<ins class="key-1d86681c84c4ef3ee4381e0a9ec3e5f7-1433497778307">1</ins>
</num>
<intro>
<p>
<ins class="key-1d86681c84c4ef3ee4381e0a9ec3e5f7-1433497778307">The information mentioned in paragraph (2) (in addition to the information required under regulation 16 (statements of benefits: non money purchase benefits)) must be given to any member in accordance with this regulation where—</ins>
</p>
</intro>
<subparagraph eId="regulation-16A-1-a">
<num>
<ins class="key-1d86681c84c4ef3ee4381e0a9ec3e5f7-1433497778307">a</ins>
</num>
<content>
<p>
<ins class="key-1d86681c84c4ef3ee4381e0a9ec3e5f7-1433497778307">the member has rights to cash balance benefits;</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-16A-1-b">
<num>
<ins class="key-1d86681c84c4ef3ee4381e0a9ec3e5f7-1433497778307">b</ins>
</num>
<content>
<p>
<ins class="key-1d86681c84c4ef3ee4381e0a9ec3e5f7-1433497778307">the member requests that information; and</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-16A-1-c">
<num>
<ins class="key-1d86681c84c4ef3ee4381e0a9ec3e5f7-1433497778307">c</ins>
</num>
<content>
<p>
<ins class="key-1d86681c84c4ef3ee4381e0a9ec3e5f7-1433497778307">information has not been given to that member under this regulation in the 12 months before that request.</ins>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-16A-2">
<num>
<ins class="key-1d86681c84c4ef3ee4381e0a9ec3e5f7-1433497778307">2</ins>
</num>
<content>
<p>
<ins class="key-1d86681c84c4ef3ee4381e0a9ec3e5f7-1433497778307">The information is that listed in paragraphs 6A, 9 to 14, 16A and 17 of Schedule 6 (statements of benefits: money purchase benefits).</ins>
</p>
</content>
</paragraph>
<paragraph eId="regulation-16A-3">
<num>
<ins class="key-1d86681c84c4ef3ee4381e0a9ec3e5f7-1433497778307">3</ins>
</num>
<content>
<p>
<ins class="key-1d86681c84c4ef3ee4381e0a9ec3e5f7-1433497778307 last">The information must be given as soon as practicable but no more than two months after the date the request is made.</ins>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-17" period="#period7">
<num>17</num>
<heading>Statements of benefits: money purchase benefits</heading>
<paragraph eId="regulation-17-1">
<num>1</num>
<intro>
<p>Information relating to a member's money purchase benefits must be given in accordance with this regulation to a member who—</p>
</intro>
<subparagraph eId="regulation-17-1-a">
<num>a</num>
<content>
<p>has rights to money purchase benefits, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-17-1-b">
<num>b</num>
<content>
<p>is not an excluded person.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-17-2">
<num>2</num>
<content>
<p>The information listed in Part 1 of Schedule 6 must be given.</p>
</content>
</paragraph>
<paragraph eId="regulation-17-3">
<num>3</num>
<content>
<p>The information listed in paragraphs 6 to 8 of Schedule 6 must be given except where paragraph (6) applies.</p>
</content>
</paragraph>
<paragraph eId="regulation-17-4">
<num>4</num>
<content>
<p>Where paragraph (6) applies, the information listed in paragraphs 6 to 8 of Schedule 6 may be given.</p>
</content>
</paragraph>
<paragraph eId="regulation-17-5">
<num>5</num>
<intro>
<p>Where the information listed in paragraphs 6 to 8 of Schedule 6 is given under paragraph (3) or (4), the information listed in—</p>
</intro>
<subparagraph eId="regulation-17-5-a">
<num>a</num>
<content>
<p>paragraphs 9 to 14 of that Schedule must be given with that information, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-17-5-b">
<num>b</num>
<content>
<p>Part 3 of that Schedule must be given.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-17-6">
<num>6</num>
<intro>
<p>This paragraph applies where—</p>
</intro>
<subparagraph eId="regulation-17-6-a">
<num>a</num>
<content>
<p>the member is in receipt of benefits under the scheme,</p>
</content>
</subparagraph>
<subparagraph eId="regulation-17-6-b">
<num>b</num>
<content>
<p>the date referred to in paragraph 4 of Schedule 6 is not more than two years before the member's retirement date for the purpose of Part 2 of Schedule 6,</p>
</content>
</subparagraph>
<subparagraph eId="regulation-17-6-c">
<num>c</num>
<intro>
<p>in relation to the member—</p>
</intro>
<clause eId="regulation-17-6-c-i">
<num>i</num>
<content>
<p>the value, determined in accordance with the relevant guidance, of the member's accrued rights to money purchase benefits under the scheme was less than £5,000 on the last illustration date in respect of which the information listed in Part 2 of Schedule 6 was last given,</p>
</content>
</clause>
<clause eId="regulation-17-6-c-ii">
<num>ii</num>
<content>
<p>since that previous illustration date, no contributions (including transfers of pension rights and pension credits) have been made to the scheme by, or on behalf of, the member in respect of the member's money purchase benefits, and</p>
</content>
</clause>
<clause eId="regulation-17-6-c-iii">
<num>iii</num>
<content>
<p>the trustees or managers of the scheme have previously given notice to the member that the information listed in Part 2 of Schedule 6 will not be given to the member again unless further contributions referred to in paragraph (ii) have been made,</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="regulation-17-6-d">
<num>d</num>
<intro>
<p>in relation to the member—</p>
</intro>
<clause eId="regulation-17-6-d-i">
<num>i</num>
<content>
<p>on the first illustration date after 5th April 2003, the value, determined in accordance with the relevant guidance, of the member's accrued rights to money purchase benefits under the scheme was less than £5,000,</p>
</content>
</clause>
<clause eId="regulation-17-6-d-ii">
<num>ii</num>
<content>
<p>no contributions, including transfers of pension rights and pension credits, have been made to the scheme by, or on behalf of, the member after 5th April 2003 in respect of the member's money purchase benefits, and</p>
</content>
</clause>
<clause eId="regulation-17-6-d-iii">
<num>iii</num>
<content>
<p>the trustees or managers of the scheme think that no further such contributions are likely to be made after that illustration date, or</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="regulation-17-6-e">
<num>e</num>
<content>
<p>the member's benefit is calculated by reference to the greater of a money purchase formula and a defined benefit formula and the trustees or managers of the scheme think the benefit calculated using the money purchase formula is unlikely to affect the pension payable.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-17-7">
<num>7</num>
<intro>
<p>The information to be given under paragraphs (2) to (5) must be given within 12 months of—</p>
</intro>
<subparagraph eId="regulation-17-7-a">
<num>a</num>
<content>
<p>in the case of an occupational pension scheme, the end of each scheme year, except where paragraph (9) applies, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-17-7-b">
<num>b</num>
<intro>
<p>in the case of a personal pension scheme—</p>
</intro>
<clause eId="regulation-17-7-b-i">
<num>i</num>
<intro>
<p>the date—</p>
</intro>
<subclause eId="regulation-17-7-b-i-aa">
<num>aa</num>
<content>
<p>the person became a member of the scheme, or</p>
</content>
</subclause>
<subclause eId="regulation-17-7-b-i-bb">
<num>bb</num>
<content>
<p>contributions were first credited to the scheme in respect of the person, and</p>
</content>
</subclause>
</clause>
<clause eId="regulation-17-7-b-ii">
<num>ii</num>
<content>
<p>each subsequent anniversary of that date.</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="regulation-17-8">
<num>8</num>
<content>
<p>Where paragraph (9) applies, the information mentioned in paragraphs (2) to (5) may be given.</p>
</content>
</paragraph>
<paragraph eId="regulation-17-9">
<num>9</num>
<intro>
<p>This paragraph applies where—</p>
</intro>
<subparagraph eId="regulation-17-9-a">
<num>a</num>
<content>
<p>the scheme year is the first to end on or after the date the person became a member of the scheme, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-17-9-b">
<num>b</num>
<intro>
<p>the end of that scheme year falls at a time when—</p>
</intro>
<clause eId="regulation-17-9-b-i">
<num>i</num>
<content>
<p>no contributions have been credited to the scheme in respect of the person, or</p>
</content>
</clause>
<clause eId="regulation-17-9-b-ii">
<num>ii</num>
<content>
<p>the person has the right to opt out of the scheme under section 8 of the Pensions Act 2008 (jobholder's right to opt out).</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="regulation-17-10">
<num>10</num>
<content>
<p>For the purposes of paragraph (6), a part of an occupational pension scheme that provides additional money purchase benefits where the member pays voluntary contributions to that part is to be treated as a separate scheme from any other part of that scheme.</p>
</content>
</paragraph>
</hcontainer>
</part>
<part eId="part-6" period="#period15">
<num>
<strong>PART 6</strong>
</num>
<heading>Lifestyling and accessing benefits</heading>
<hcontainer name="regulation" eId="regulation-18" period="#period1">
<num>18</num>
<heading>Lifestyling</heading>
<paragraph eId="regulation-18-1">
<num>1</num>
<content>
<p>The information listed in Part 3 of Schedule 2 must be given to a member in accordance with this regulation where the scheme contains provision for lifestyling.</p>
</content>
</paragraph>
<paragraph eId="regulation-18-2">
<num>2</num>
<content>
<p>The information must, subject to paragraph (3), be given between 5 and 15 years before the member's retirement date.</p>
</content>
</paragraph>
<paragraph eId="regulation-18-3">
<num>3</num>
<content>
<p>Information need not be given under paragraph (2) where it has been given in the previous 12 months under regulation 6.</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-18A" period="#period12">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">18A</ins>
</num>
<heading>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394 first">
<noteRef href="#key-99ed6e5768be6f3800354b15f2aebf65" marker="F13" class="commentary attribute F"/>
Information to be given on request and on a member providing certain information
</ins>
</heading>
<paragraph eId="regulation-18A-1">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">1</ins>
</num>
<intro>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">The information mentioned in paragraph (2) must be given in accordance with this regulation to a member who—</ins>
</p>
</intro>
<subparagraph eId="regulation-18A-1-a">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">a</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">has an opportunity to transfer flexible benefits;</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-18A-1-b">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">b</ins>
</num>
<clause eId="regulation-18A-1-b-i">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">i</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">requests information about what the member may do with the flexible benefits; or</ins>
</p>
</content>
</clause>
<clause eId="regulation-18A-1-b-ii">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">ii</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">informs the trustees or managers of the scheme that the member is considering, or has made a decision in relation to, what to do with the flexible benefits;</ins>
</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="regulation-18A-1-c">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">c</ins>
</num>
<clause eId="regulation-18A-1-c-i">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">i</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">will reach normal minimum pension age within four months of making a request, or informing the trustees or managers of the scheme, in accordance with sub-paragraph (b);</ins>
</p>
</content>
</clause>
<clause eId="regulation-18A-1-c-ii">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">ii</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">has reached normal minimum pension age; or</ins>
</p>
</content>
</clause>
<clause eId="regulation-18A-1-c-iii">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">iii</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">meets the ill-health condition; and</ins>
</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="regulation-18A-1-d">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">d</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">has not been given information under this regulation or regulation 19(2)(b)(ii) (first information on accessing benefits) in the previous 12 months.</ins>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-18A-2">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">2</ins>
</num>
<intro>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">The information is—</ins>
</p>
</intro>
<subparagraph eId="regulation-18A-2-a">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">a</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">a statement of the options available to the member under the scheme rules; and</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-18A-2-b">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">b</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">that listed in Part 3 of Schedule 7 (information to be given to members having an opportunity to transfer flexible benefits) and in Schedule 10 (information to be given on the pensions guidance and members’ benefits).</ins>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-18A-3">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">3</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">The information must be given within two months of the member making a request, or informing the trustees or managers of the scheme, in accordance with paragraph (1)(b).</ins>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-18B" period="#period12">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">18B</ins>
</num>
<heading>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">Information to be given on communicating with a member about what the member may do with flexible benefits</ins>
</heading>
<paragraph eId="regulation-18B-1">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">1</ins>
</num>
<intro>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">Subject to paragraph (5), the information mentioned in paragraph (2) must be given to a member in accordance with this regulation where—</ins>
</p>
</intro>
<subparagraph eId="regulation-18B-1-a">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">a</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">the member has an opportunity to transfer flexible benefits;</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-18B-1-b">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">b</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">the trustees or managers of the scheme contact the member, or the member contacts the trustees or managers of the scheme, in connection with what the member may do with the flexible benefits; and</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-18B-1-c">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">c</ins>
</num>
<intro>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">the member—</ins>
</p>
</intro>
<clause eId="regulation-18B-1-c-i">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">i</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">will reach normal minimum pension age within four months of the date on which the contact mentioned in sub-paragraph (b) is made;</ins>
</p>
</content>
</clause>
<clause eId="regulation-18B-1-c-ii">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">ii</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">has reached normal minimum pension age; or</ins>
</p>
</content>
</clause>
<clause eId="regulation-18B-1-c-iii">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">iii</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">meets the ill-health condition.</ins>
</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="regulation-18B-2">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">2</ins>
</num>
<intro>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">The information is—</ins>
</p>
</intro>
<subparagraph eId="regulation-18B-2-a">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">a</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">that listed in paragraphs 1, 4 and 5 of Schedule 10;</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-18B-2-b">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">b</ins>
</num>
<intro>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">that listed in paragraphs 2 and 3 of Schedule 10, unless the trustees or managers of the scheme—</ins>
</p>
</intro>
<clause eId="regulation-18B-2-b-i">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">i</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">give information under this regulation verbally; and</ins>
</p>
</content>
</clause>
<clause eId="regulation-18B-2-b-ii">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">ii</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">offer to give the member information about how the member may access the pensions guidance and the offer is declined by the member; and</ins>
</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="regulation-18B-2-c">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">c</ins>
</num>
<intro>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">where information has not been given to the member under regulation 18A (information to be given on request and on a member providing certain information) in the previous 12 months, a statement that—</ins>
</p>
</intro>
<clause eId="regulation-18B-2-c-i">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">i</ins>
</num>
<intro>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">the member may request information about—</ins>
</p>
</intro>
<subclause eId="regulation-18B-2-c-i-aa">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">aa</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">the flexible benefits that may be provided to the member;</ins>
</p>
</content>
</subclause>
<subclause eId="regulation-18B-2-c-i-bb">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">bb</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">the member’s opportunity to transfer those benefits; and</ins>
</p>
</content>
</subclause>
<subclause eId="regulation-18B-2-c-i-cc">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">cc</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">the options available to the member under the scheme rules; and</ins>
</p>
</content>
</subclause>
</clause>
<clause eId="regulation-18B-2-c-ii">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">ii</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">the information may help the member to decide what to do with the flexible benefits.</ins>
</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="regulation-18B-3">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">3</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">The information may be given verbally unless the member requests that the information is given in writing.</ins>
</p>
</content>
</paragraph>
<paragraph eId="regulation-18B-4">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">4</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">The information must be given within 20 days of the contact mentioned in paragraph (1)(b) or the request mentioned in paragraph (3), whichever is later.</ins>
</p>
</content>
</paragraph>
<paragraph eId="regulation-18B-5">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">5</ins>
</num>
<intro>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">No information is required to be given under this regulation where—</ins>
</p>
</intro>
<subparagraph eId="regulation-18B-5-a">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">a</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">the member informs the trustees or managers of the scheme that the member has accessed the pensions guidance in the previous 12 months;</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-18B-5-b">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">b</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">the member informs the trustees or managers of the scheme that the member has received independent financial advice in the previous 12 months about what the member may do with the flexible benefits; or</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-18B-5-c">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">c</ins>
</num>
<intro>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">the trustees or managers of the scheme—</ins>
</p>
</intro>
<clause eId="regulation-18B-5-c-i">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">i</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">have given information to the member under regulation 18A in the two months immediately preceding the date on which the contact mentioned in paragraph (1)(b) is made; or</ins>
</p>
</content>
</clause>
<clause eId="regulation-18B-5-c-ii">
<num>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394">ii</ins>
</num>
<content>
<p>
<ins class="key-99ed6e5768be6f3800354b15f2aebf65-1433506940394 last">are required to give information to the member under regulation 18A within two months of the date on which the contact mentioned in paragraph (1)(b) is made.</ins>
</p>
</content>
</clause>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-19" period="#period10">
<num>19</num>
<heading>First information on accessing benefits</heading>
<paragraph eId="regulation-19-1">
<num>1</num>
<content>
<p>
The information mentioned in paragraph (2) must be given in accordance with this regulation to a member who has
<ins class="substitution key-81f008c39367a7504e099f413265a6c1-1433512913897 first last">
<noteRef href="#key-81f008c39367a7504e099f413265a6c1" marker="F35" class="commentary attribute F"/>
a right or entitlement to flexible benefits
</ins>
.
</p>
</content>
</paragraph>
<paragraph eId="regulation-19-2">
<num>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251 first">
<noteRef href="#key-6831b36890915a622b1af9ce8b9b0315" marker="F36" class="commentary attribute F"/>
2
</ins>
</num>
<intro>
<p>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251">The information is—</ins>
</p>
</intro>
<subparagraph eId="regulation-19-2-a">
<num>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251">a</ins>
</num>
<intro>
<p>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251">where the member has been given information in accordance with regulation 18A in the 12 months before the date on which the trustees or managers of the scheme give information under this regulation—</ins>
</p>
</intro>
<clause eId="regulation-19-2-a-i">
<num>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251">i</ins>
</num>
<intro>
<p>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251">a statement that the member has been given information about—</ins>
</p>
</intro>
<subclause eId="regulation-19-2-a-i-aa">
<num>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251">aa</ins>
</num>
<content>
<p>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251">the flexible benefits that may be provided to the member;</ins>
</p>
</content>
</subclause>
<subclause eId="regulation-19-2-a-i-bb">
<num>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251">bb</ins>
</num>
<content>
<p>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251">the member’s opportunity to transfer those benefits; and</ins>
</p>
</content>
</subclause>
<subclause eId="regulation-19-2-a-i-cc">
<num>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251">cc</ins>
</num>
<content>
<p>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251">the options available to the member under the scheme rules; and</ins>
</p>
</content>
</subclause>
</clause>
<clause eId="regulation-19-2-a-ii">
<num>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251">ii</ins>
</num>
<content>
<p>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251">that listed in paragraphs 1 to 9 of Schedule 10; and</ins>
</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="regulation-19-2-b">
<num>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251">b</ins>
</num>
<intro>
<p>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251">in any other case—</ins>
</p>
</intro>
<clause eId="regulation-19-2-b-i">
<num>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251">i</ins>
</num>
<content>
<p>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251">a statement of the options available to the member under the scheme rules; and</ins>
</p>
</content>
</clause>
<clause eId="regulation-19-2-b-ii">
<num>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251">ii</ins>
</num>
<content>
<p>
<ins class="substitution key-6831b36890915a622b1af9ce8b9b0315-1433513016251 last">where the member has an opportunity to transfer flexible benefits, that listed in Part 3 of Schedule 7 and in Schedule 10.</ins>
</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="regulation-19-3">
<num>3</num>
<intro>
<p>The information must be given at least four months before—</p>
</intro>
<subparagraph eId="regulation-19-3-a">
<num>a</num>
<content>
<p>where there is a retirement date, that date, or</p>
</content>
</subparagraph>
<subparagraph eId="regulation-19-3-b">
<num>b</num>
<content>
<p>
where there is no retirement date, the date the member attains normal pension age
<noteRef href="#c2193090" marker="M19" class="commentary M"/>
.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-19-4">
<num>4</num>
<content>
<p>
For the purposes of paragraph (3) where the interval between the date on which the retirement date is specified and the date that the benefits will become payable is less than four months, the information must be given within
<ins class="substitution key-4453bf71215e1b33fc83f886c443f22b-1433513071671 first last">
<noteRef href="#key-4453bf71215e1b33fc83f886c443f22b" marker="F37" class="commentary attribute F"/>
20
</ins>
days of the date on which the retirement date is specified.
</p>
</content>
</paragraph>
<paragraph eId="regulation-19-5">
<num>5</num>
<intro>
<p>
In this regulation, “
<term refersTo="#term-retirement-date">retirement date</term>
” means the date specified by—
</p>
</intro>
<subparagraph eId="regulation-19-5-a">
<num>a</num>
<content>
<p>the member to the trustees or managers of the scheme that is acceptable under the rules of the scheme, or</p>
</content>
</subparagraph>
<subparagraph eId="regulation-19-5-b">
<num>b</num>
<content>
<p>the trustees or managers of the scheme where no acceptable date has been specified under sub-paragraph (a).</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-19A" period="#period14">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">19A</ins>
</num>
<heading>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783 first">
<noteRef href="#key-e23b1b7e89d8e1a0a1c521486e80e233" marker="F56" class="commentary attribute F"/>
Retirement risk warnings
</ins>
</heading>
<paragraph eId="regulation-19A-1">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">1</ins>
</num>
<intro>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">Subject to paragraphs (5) and (7), the trustees or managers of the scheme must give a retirement risk warning to a member in accordance with this regulation where they are giving a member—</ins>
</p>
</intro>
<subparagraph eId="regulation-19A-1-a">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">a</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">information in accordance with regulation 18A, 18B or 19 or the member has been given such information previously; and</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-19A-1-b">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">b</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">an application form, online access, information about access or any other method of access that enables the member to require the trustees or managers of the scheme to take any of the actions in paragraph (2).</ins>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-19A-2">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">2</ins>
</num>
<intro>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">The actions referred to in paragraph (1)(b) are—</ins>
</p>
</intro>
<subparagraph eId="regulation-19A-2-a">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">a</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">the application of sums or assets held for the purpose of providing flexible benefits for purchasing an annuity;</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-19A-2-b">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">b</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">the payment of a lump sum in respect of flexible benefits; or</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-19A-2-c">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">c</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">the designation of sums or assets held for the purpose of providing flexible benefits as available for the payment of drawdown pension.</ins>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-19A-3">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">3</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">A retirement risk warning under paragraph (1) must be given at the same time as the method of access in paragraph (1)(b) and before any of the actions set out in paragraph (2) are concluded.</ins>
</p>
</content>
</paragraph>
<paragraph eId="regulation-19A-4">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">4</ins>
</num>
<intro>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">When giving a retirement risk warning to a member, the trustees or managers of the scheme must also give the member a statement that asks the member to note the importance of—</ins>
</p>
</intro>
<subparagraph eId="regulation-19A-4-a">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">a</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">reading the retirement risk warning; and</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-19A-4-b">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">b</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">accessing pensions guidance or independent advice.</ins>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-19A-5">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">5</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">A retirement risk warning for any specific action in paragraph (2) need not be given to a member within 12 months of a retirement risk warning for that action having been given in accordance with this regulation to that member.</ins>
</p>
</content>
</paragraph>
<paragraph eId="regulation-19A-6">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">6</ins>
</num>
<intro>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">For the purpose of—</ins>
</p>
</intro>
<subparagraph eId="regulation-19A-6-a">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">a</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">this regulation, “retirement risk warning” means a statement that sets out the characteristic attributes and features of an annuity, lump sum and drawdown pension referred to in paragraph (2) and the factors in paragraph (b)(iv); and</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-19A-6-b">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">b</ins>
</num>
<intro>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">sub-paragraph (a)—</ins>
</p>
</intro>
<clause eId="regulation-19A-6-b-i">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">i</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">the statement must be generic in nature and not tailored to or based on the personal circumstances of any individual member;</ins>
</p>
</content>
</clause>
<clause eId="regulation-19A-6-b-ii">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">ii</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">the statement may be limited to the characteristic attributes and features of an annuity, lump sum or drawdown pension referred to in paragraph (2) in respect of which the trustees or scheme managers are giving the member a method of access in paragraph (1)(b);</ins>
</p>
</content>
</clause>
<clause eId="regulation-19A-6-b-iii">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">iii</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">characteristic attributes and features are those that have the potential to adversely affect the retirement income of any member or their widow, widower, surviving civil partner, nominee, successor or other dependant; and</ins>
</p>
</content>
</clause>
<clause eId="regulation-19A-6-b-iv">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">iv</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">the factors are those that have the potential to affect the appropriateness of an annuity, lump sum and drawdown pension for a member such as: the impact of health status and lifestyle choices; whether a member has dependants, is in debt or in receipt of means tested benefits; and any other relevant factors.</ins>
</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="regulation-19A-7">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">7</ins>
</num>
<intro>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">Subject to paragraph (8)—</ins>
</p>
</intro>
<subparagraph eId="regulation-19A-7-a">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">a</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">a retirement risk warning under paragraph (1) need not be given where the trustees or managers of the scheme give the member an appropriate risk warning before any of the actions listed in paragraph (2) are concluded;</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-19A-7-b">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">b</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">an appropriate risk warning must be given either verbally or in writing; and</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-19A-7-c">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">c</ins>
</num>
<intro>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">for the purposes of sub-paragraphs (a) and (b), an appropriate risk warning is a statement—</ins>
</p>
</intro>
<clause eId="regulation-19A-7-c-i">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">i</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">that sets out the risks associated with any of the actions listed in paragraph (2) that the member is proposing to require the trustees or managers of the scheme to take and that have the potential to adversely affect the retirement income of that member or their widow, widower, surviving civil partner, nominee, successor or other dependant; and</ins>
</p>
</content>
</clause>
<clause eId="regulation-19A-7-c-ii">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">ii</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">that is based on the characteristic attributes and features of an annuity, lump sum or drawdown pension referred to in paragraph (2) and answers to questions the trustees or managers of the scheme have asked the member in order to identify any factors or other variables that increase the risks referred to in paragraph (i).</ins>
</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="regulation-19A-8">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">8</ins>
</num>
<intro>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">Paragraph (7) only applies where the trustees or managers of the scheme have—</ins>
</p>
</intro>
<subparagraph eId="regulation-19A-8-a">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">a</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">asked the member whether they have received pensions guidance or independent advice; and</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-19A-8-b">
<num>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783">b</ins>
</num>
<content>
<p>
<ins class="key-e23b1b7e89d8e1a0a1c521486e80e233-1476360759783 last">if the member has not received such guidance or advice, or is unsure, encouraged the member to use pensions guidance or to take independent advice to understand the options available to that member at retirement.</ins>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-20" period="#period10">
<num>20</num>
<heading>Second information on accessing benefits</heading>
<paragraph eId="regulation-20-1">
<num>1</num>
<content>
<p>The information mentioned in paragraph (2) must be given to a person in accordance with this regulation where benefit under the scheme has, or is about to, become payable to the person.</p>
</content>
</paragraph>
<paragraph eId="regulation-20-2">
<num>2</num>
<intro>
<p>The information is the information listed—</p>
</intro>
<subparagraph eId="regulation-20-2-a">
<num>a</num>
<content>
<p>
in paragraphs 6 to 9 of Schedule 7,
<noteRef href="#key-4152e5de8ec7eb099062bbe15ffbc879" marker="F38" class="commentary F"/>
...
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-20-2-b">
<num>b</num>
<content>
<p>
in Part 1 of that Schedule where the person has an opportunity to select an annuity under any rights and options in relation to the death of the member
<ins class="key-6d36a6986f07daa42382e24bcd245b57-1433746102336 first">
<noteRef href="#key-6d36a6986f07daa42382e24bcd245b57" marker="F39" class="commentary attribute F"/>
; and
</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-20-2-c">
<num>
<ins class="key-6d36a6986f07daa42382e24bcd245b57-1433746102336">c</ins>
</num>
<intro>
<p>
<ins class="key-6d36a6986f07daa42382e24bcd245b57-1433746102336">in Part 1 of Schedule 10 (information on the pensions guidance) where the person, under any rights and options in relation to the death of the member, has an opportunity to—</ins>
</p>
</intro>
<clause eId="regulation-20-2-c-i">
<num>
<ins class="key-6d36a6986f07daa42382e24bcd245b57-1433746102336">i</ins>
</num>
<content>
<p>
<ins class="key-6d36a6986f07daa42382e24bcd245b57-1433746102336">transfer accrued rights to flexible benefits out of the scheme under the scheme rules;</ins>
</p>
</content>
</clause>
<clause eId="regulation-20-2-c-ii">
<num>
<ins class="key-6d36a6986f07daa42382e24bcd245b57-1433746102336">ii</ins>
</num>
<content>
<p>
<ins class="key-6d36a6986f07daa42382e24bcd245b57-1433746102336">apply sums or assets held for the purpose of providing flexible benefits for purchasing an annuity;</ins>
</p>
</content>
</clause>
<clause eId="regulation-20-2-c-iii">
<num>
<ins class="key-6d36a6986f07daa42382e24bcd245b57-1433746102336">iii</ins>
</num>
<content>
<p>
<ins class="key-6d36a6986f07daa42382e24bcd245b57-1433746102336">take payment of a lump sum in respect of flexible benefits; or</ins>
</p>
</content>
</clause>
<clause eId="regulation-20-2-c-iv">
<num>
<ins class="key-6d36a6986f07daa42382e24bcd245b57-1433746102336">iv</ins>
</num>
<content>
<p>
<ins class="key-6d36a6986f07daa42382e24bcd245b57-1433746102336 last">designate sums or assets held for the purpose of providing flexible benefits as available for the payment of drawdown pension.</ins>
</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="regulation-20-3">
<num>3</num>
<intro>
<p>The information mentioned in paragraph (2)(a) must be given—</p>
</intro>
<subparagraph eId="regulation-20-3-a">
<num>a</num>
<content>
<p>where benefit becomes payable on or after normal pension age before benefit becomes payable, if practicable and in any event within one month after benefit becomes payable, or</p>
</content>
</subparagraph>
<subparagraph eId="regulation-20-3-b">
<num>b</num>
<content>
<p>where benefit becomes payable on a date before normal pension age, within two months of that date.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-20-4">
<num>
<ins class="substitution key-b7783e8e6547cda6d2e7d9848eba038c-1433746384047 first">
<noteRef href="#key-b7783e8e6547cda6d2e7d9848eba038c" marker="F40" class="commentary attribute F"/>
4
</ins>
</num>
<intro>
<p>
<ins class="substitution key-b7783e8e6547cda6d2e7d9848eba038c-1433746384047">Before benefit becomes payable—</ins>
</p>
</intro>
<subparagraph eId="regulation-20-4-a">
<num>
<ins class="substitution key-b7783e8e6547cda6d2e7d9848eba038c-1433746384047">a</ins>
</num>
<content>
<p>
<ins class="substitution key-b7783e8e6547cda6d2e7d9848eba038c-1433746384047">the information mentioned in sub-paragraph (b) of paragraph (2) must be given to a person having the opportunity mentioned in that sub-paragraph;</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-20-4-b">
<num>
<ins class="substitution key-b7783e8e6547cda6d2e7d9848eba038c-1433746384047">b</ins>
</num>
<content>
<p>
<ins class="substitution key-b7783e8e6547cda6d2e7d9848eba038c-1433746384047 last">the information mentioned in sub-paragraph (c) of paragraph (2) must be given to a person having an opportunity mentioned in that sub-paragraph.</ins>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-21" period="#period10">
<num>21</num>
<heading>Accessing benefits on the death of the member or beneficiary</heading>
<paragraph eId="regulation-21-1">
<num>1</num>
<intro>
<p>The information mentioned in paragraph (2) must be given in accordance with this regulation where the trustees or managers of the scheme are aware that—</p>
</intro>
<subparagraph eId="regulation-21-1-a">
<num>a</num>
<content>
<p>a member or beneficiary of the scheme has died, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-21-1-b">
<num>b</num>
<content>
<p>a person may be entitled to exercise rights or options under the scheme as a result of that death.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-21-2">
<num>2</num>
<intro>
<p>The information is the information listed in—</p>
</intro>
<subparagraph eId="regulation-21-2-a">
<num>a</num>
<content>
<p>
Part 1 and paragraphs 8 to 10 of Schedule 7 where the person referred to in paragraph (1)(b) has an opportunity to select an annuity,
<noteRef href="#key-82e41258193060ea9a0464209da91c6e" marker="F41" class="commentary F"/>
...
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-21-2-b">
<num>b</num>
<content>
<p>
Part 2 of that Schedule in any other case
<ins class="key-b42fc20bf3813cb9ff0526697a3a632d-1433747212871 first">
<noteRef href="#key-b42fc20bf3813cb9ff0526697a3a632d" marker="F42" class="commentary attribute F"/>
; and
</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-21-2-c">
<num>
<ins class="key-b42fc20bf3813cb9ff0526697a3a632d-1433747212871">c</ins>
</num>
<intro>
<p>
<ins class="key-b42fc20bf3813cb9ff0526697a3a632d-1433747212871">Part 1 of Schedule 10 where the person has an opportunity to—</ins>
</p>
</intro>
<clause eId="regulation-21-2-c-i">
<num>
<ins class="key-b42fc20bf3813cb9ff0526697a3a632d-1433747212871">i</ins>
</num>
<content>
<p>
<ins class="key-b42fc20bf3813cb9ff0526697a3a632d-1433747212871">transfer accrued rights to flexible benefits out of the scheme under the scheme rules;</ins>
</p>
</content>
</clause>
<clause eId="regulation-21-2-c-ii">
<num>
<ins class="key-b42fc20bf3813cb9ff0526697a3a632d-1433747212871">ii</ins>
</num>
<content>
<p>
<ins class="key-b42fc20bf3813cb9ff0526697a3a632d-1433747212871">apply sums or assets held for the purpose of providing flexible benefits for purchasing an annuity;</ins>
</p>
</content>
</clause>
<clause eId="regulation-21-2-c-iii">
<num>
<ins class="key-b42fc20bf3813cb9ff0526697a3a632d-1433747212871">iii</ins>
</num>
<content>
<p>
<ins class="key-b42fc20bf3813cb9ff0526697a3a632d-1433747212871">take payment of a lump sum in respect of flexible benefits; or</ins>
</p>
</content>
</clause>
<clause eId="regulation-21-2-c-iv">
<num>
<ins class="key-b42fc20bf3813cb9ff0526697a3a632d-1433747212871">iv</ins>
</num>
<content>
<p>
<ins class="key-b42fc20bf3813cb9ff0526697a3a632d-1433747212871 last">designate sums or assets held for the purpose of providing flexible benefits as available for the payment of drawdown pension.</ins>
</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="regulation-21-3">
<num>3</num>
<intro>
<p>The information must be given to—</p>
</intro>
<subparagraph eId="regulation-21-3-a">
<num>a</num>
<content>
<p>the person referred to in paragraph (1)(b), if that person is at least 18 years old and the trustees or managers of the scheme know their postal or electronic address, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-21-3-b">
<num>b</num>
<intro>
<p>subject to paragraph (4), a person who is—</p>
</intro>
<clause eId="regulation-21-3-b-i">
<num>i</num>
<content>
<p>a personal representative of the member or beneficiary of the scheme, or</p>
</content>
</clause>
<clause eId="regulation-21-3-b-ii">
<num>ii</num>
<content>
<p>authorised to act on behalf of the person referred to in paragraph (1)(b).</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="regulation-21-4">
<num>4</num>
<intro>
<p>For the purposes of paragraph (3), the information—</p>
</intro>
<subparagraph eId="regulation-21-4-a">
<num>a</num>
<content>
<p>must be given only where the personal representative or the person authorised to act requests it, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-21-4-b">
<num>b</num>
<content>
<p>need not be given where a request is made within three years of the same information being given under this regulation to the same person in the same capacity.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-21-5">
<num>5</num>
<intro>
<p>The information must be given as soon as possible and in any event within two months of—</p>
</intro>
<subparagraph eId="regulation-21-5-a">
<num>a</num>
<content>
<p>the date on which the trustees or managers of the scheme become aware of the death, or</p>
</content>
</subparagraph>
<subparagraph eId="regulation-21-5-b">
<num>b</num>
<content>
<p>the request referred to in paragraph (4).</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
</part>
<part eId="part-7" period="#period6">
<num>
<strong>PART 7</strong>
</num>
<heading>Information about benefits in payment</heading>
<hcontainer name="regulation" eId="regulation-22" period="#period6">
<num>22</num>
<heading>Changes to benefits</heading>
<paragraph eId="regulation-22-1">
<num>1</num>
<intro>
<p>The information listed in paragraphs 6, 8 and 9 of Schedule 7 must be given to a person in accordance with paragraph (2) where—</p>
</intro>
<subparagraph eId="regulation-22-1-a">
<num>a</num>
<content>
<p>the amount of benefit payable to the person alters, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-22-1-b">
<num>b</num>
<content>
<p>that alteration is not made in accordance with the provisions referred to in paragraph 7(b) of Schedule 7.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-22-2">
<num>2</num>
<content>
<p>The information must be given before the date on which the decision to alter the benefit takes effect, where possible and in any event within one month of that date.</p>
</content>
</paragraph>
</hcontainer>
</part>
<part eId="part-8" period="#period9">
<num>
<strong>PART 8</strong>
</num>
<heading>Information about winding up</heading>
<hcontainer name="regulation" eId="regulation-23" period="#period1">
<num>23</num>
<heading>Personal pension schemes that have begun winding up</heading>
<paragraph eId="regulation-23-1">
<num>1</num>
<content>
<p>The information mentioned in paragraph (3) must be given to members, except excluded persons, in accordance with this regulation.</p>
</content>
</paragraph>
<paragraph eId="regulation-23-2">
<num>2</num>
<content>
<p>The information must be given where a decision has been made to wind up the scheme or to cease accepting contributions or to cause it to cease to manage the contributions already paid to it (“the decision”).</p>
</content>
</paragraph>
<paragraph eId="regulation-23-3">
<num>3</num>
<intro>
<p>The information is—</p>
</intro>
<subparagraph eId="regulation-23-3-a">
<num>a</num>
<content>
<p>notification of the decision,</p>
</content>
</subparagraph>
<subparagraph eId="regulation-23-3-b">
<num>b</num>
<content>
<p>the information listed in paragraphs 11 to 13 of Schedule 8,</p>
</content>
</subparagraph>
<subparagraph eId="regulation-23-3-c">
<num>c</num>
<content>
<p>the information listed in paragraph 14 of Schedule 8 where the scheme is unable to meet in full its liabilities to its members.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-23-4">
<num>4</num>
<intro>
<p>The information must be given as soon as practicable after the decision and, in any event—</p>
</intro>
<subparagraph eId="regulation-23-4-a">
<num>a</num>
<content>
<p>the notification referred to in paragraph (3)(a) must be given within one month, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-23-4-b">
<num>b</num>
<content>
<p>the information mentioned in paragraph (3)(b) and (c) must be given within four months,</p>
</content>
</subparagraph>
<wrapUp>
<p>of the decision.</p>
</wrapUp>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-24" period="#period6">
<num>24</num>
<heading>Occupational pension schemes during winding up</heading>
<paragraph eId="regulation-24-1">
<num>1</num>
<content>
<p>The information mentioned in paragraph (2) must be given to members and beneficiaries of the scheme, except excluded persons, in accordance with this regulation where the trustees have begun to wind up the scheme.</p>
</content>
</paragraph>
<paragraph eId="regulation-24-2">
<num>2</num>
<intro>
<p>The information is the information listed in—</p>
</intro>
<subparagraph eId="regulation-24-2-a">
<num>a</num>
<content>
<p>Part 1 of Schedule 8,</p>
</content>
</subparagraph>
<subparagraph eId="regulation-24-2-b">
<num>b</num>
<content>
<p>paragraphs 5, 6 and 7 of that Schedule, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-24-2-c">
<num>c</num>
<content>
<p>Part 4 of that Schedule.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-24-3">
<num>3</num>
<intro>
<p>Where the trustees begin to wind up the scheme on a date on or after 6th April 2014—</p>
</intro>
<subparagraph eId="regulation-24-3-a">
<num>a</num>
<content>
<p>the information mentioned in paragraph (2)(a) must be given as soon as practicable and in any event no more than one month of that date, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-24-3-b">
<num>b</num>
<content>
<p>the information mentioned in paragraph (2)(b) must be given within every 12 months of the date information was given under sub-paragraph (a) until the trustees complete winding up the scheme.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-24-4">
<num>4</num>
<content>
<p>
Where the trustees began to wind up the scheme before 6th April 2014, the information mentioned in paragraph (2)(b) must be given within 12 months of 6th
<sup/>
April 2014 and within every 12 months thereafter until the trustees complete winding up the scheme.
</p>
</content>
</paragraph>
<paragraph eId="regulation-24-5">
<num>5</num>
<content>
<p>Where a request is made for the information mentioned in paragraph (2)(c), it must be given within two months of the date the request is made.</p>
</content>
</paragraph>
<paragraph eId="regulation-24-6">
<num>6</num>
<intro>
<p>For the purposes of this regulation the date the trustees begin to wind up the scheme is to be determined—</p>
</intro>
<subparagraph eId="regulation-24-6-a">
<num>a</num>
<content>
<p>
in a case where regulation 2 of the Occupational Pension Schemes (Winding Up) Regulations 1996
<noteRef href="#c2193091" marker="M20" class="commentary M"/>
(commencement of winding up) applies, in accordance with that regulation, and
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-24-6-b">
<num>b</num>
<content>
<p>
in any other case, in accordance with section 124(3A)
<noteRef href="#c2193092" marker="M21" class="commentary M"/>
and (3B) of the 1995 Act.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-24-7">
<num>7</num>
<intro>
<p>Where a scheme is a sectionalised scheme, this regulation applies as if—</p>
</intro>
<subparagraph eId="regulation-24-7-a">
<num>a</num>
<content>
<p>each section of the scheme were a separate scheme, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-24-7-b">
<num>b</num>
<content>
<p>the members of each section were the members of a separate scheme.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-24-8">
<num>8</num>
<intro>
<p>For the purposes of paragraph (6), a sectionalised scheme is a scheme where—</p>
</intro>
<subparagraph eId="regulation-24-8-a">
<num>a</num>
<content>
<p>
Part 3 of the 2004 Act (scheme funding) applies to the scheme as if a section of a scheme were a separate scheme by virtue of paragraph 1 of Schedule 2 to the Occupational Pension Schemes (Scheme Funding) Regulations 2005
<noteRef href="#c2193093" marker="M22" class="commentary M"/>
(sectionalised multi-employer schemes), or
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-24-8-b">
<num>b</num>
<content>
<p>Part 3 of the 2004 Act does not apply to the scheme, but would apply in that way if it did.</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-25" period="#period8">
<num>25</num>
<heading>Occupational pension schemes after winding up for individual members</heading>
<paragraph eId="regulation-25-1">
<num>1</num>
<intro>
<p>The information mentioned in paragraph (2) must be given in accordance with this regulation where—</p>
</intro>
<subparagraph eId="regulation-25-1-a">
<num>a</num>
<content>
<p>the scheme is being wound up, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-25-1-b">
<num>b</num>
<content>
<p>the trustees or managers of the scheme have done what they can to discharge the scheme's liabilities for a particular member or beneficiary of the scheme.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-25-2">
<num>2</num>
<intro>
<p>The information is—</p>
</intro>
<subparagraph eId="regulation-25-2-a">
<num>
<ins class="substitution key-a2fbfbad5c007755372c81f5ff80e09b-1433499171023 first">
<noteRef href="#key-a2fbfbad5c007755372c81f5ff80e09b" marker="F10" class="commentary attribute F"/>
a
</ins>
</num>
<intro>
<p>
<ins class="substitution key-a2fbfbad5c007755372c81f5ff80e09b-1433499171023">where the member or beneficiary of the scheme—</ins>
</p>
</intro>
<clause eId="regulation-25-2-a-i">
<num>
<ins class="substitution key-a2fbfbad5c007755372c81f5ff80e09b-1433499171023">i</ins>
</num>
<content>
<p>
<ins class="substitution key-a2fbfbad5c007755372c81f5ff80e09b-1433499171023">has rights to benefits other than money purchase benefits, the information mentioned in Part 2 of Schedule 8; or</ins>
</p>
</content>
</clause>
<clause eId="regulation-25-2-a-ii">
<num>
<ins class="substitution key-a2fbfbad5c007755372c81f5ff80e09b-1433499171023">ii</ins>
</num>
<content>
<p>
<ins class="substitution key-a2fbfbad5c007755372c81f5ff80e09b-1433499171023 last">has rights to money purchase benefits, the information mentioned in paragraph 10 of Schedule 8; and</ins>
</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="regulation-25-2-b">
<num>b</num>
<intro>
<p>where the member or beneficiary of the scheme is, for the time being—</p>
</intro>
<clause eId="regulation-25-2-b-i">
<num>i</num>
<content>
<p>entitled to payment of benefits, the information listed in paragraphs 6 and 7 of Schedule 7, or</p>
</content>
</clause>
<clause eId="regulation-25-2-b-ii">
<num>ii</num>
<content>
<p>except in relation to money purchase benefits, not entitled to payment of benefits, the information listed in paragraph 16 of Schedule 8.</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="regulation-25-3">
<num>3</num>
<content>
<p>The information mentioned in paragraph (2) must be given to the member or beneficiary of the scheme except that an excluded person need not be given the information mentioned in paragraph (2)(b)(ii).</p>
</content>
</paragraph>
<paragraph eId="regulation-25-4">
<num>4</num>
<content>
<p>The information must be given as soon as practicable after and in any event no more than three months of the date paragraph (1)(b) is satisfied.</p>
</content>
</paragraph>
</hcontainer>
</part>
<part eId="part-9" period="#period18">
<num>
<strong>PART 9</strong>
</num>
<heading>Giving information and documents</heading>
<hcontainer name="regulation" eId="regulation-26" period="#period17">
<num>26</num>
<heading>Giving information and documents</heading>
<paragraph eId="regulation-26-1">
<num>1</num>
<content>
<p>Except where these Regulations otherwise provide, the methods for giving information or documents that these Regulations require to be given include the methods set out in paragraph (2).</p>
</content>
</paragraph>
<paragraph eId="regulation-26-2">
<num>2</num>
<intro>
<p>The information may be given by—</p>
</intro>
<subparagraph eId="regulation-26-2-a">
<num>a</num>
<content>
<p>sending it to the person's last known postal address, or</p>
</content>
</subparagraph>
<subparagraph eId="regulation-26-2-b">
<num>b</num>
<intro>
<p>subject to paragraphs (3) to (5), using either or both of the following methods—</p>
</intro>
<clause eId="regulation-26-2-b-i">
<num>i</num>
<content>
<p>sending it to the person's last known electronic address, or</p>
</content>
</clause>
<clause eId="regulation-26-2-b-ii">
<num>ii</num>
<content>
<p>making it available on a website (see regulation 27).</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="regulation-26-3">
<num>3</num>
<intro>
<p>Where a member or beneficiary of the scheme has requested in writing that—</p>
</intro>
<subparagraph eId="regulation-26-3-a">
<num>a</num>
<content>
<p>any of the information, or</p>
</content>
</subparagraph>
<subparagraph eId="regulation-26-3-b">
<num>b</num>
<content>
<p>all of the information,</p>
</content>
</subparagraph>
<wrapUp>
<p>is not given in accordance with paragraph (2)(b), that information may not be given in accordance with paragraph (2)(b).</p>
</wrapUp>
</paragraph>
<paragraph eId="regulation-26-4">
<num>4</num>
<intro>
<p>Information may only be given by an electronic communication where the trustees or managers of the scheme are satisfied that the electronic communications have been designed—</p>
</intro>
<subparagraph eId="regulation-26-4-a">
<num>a</num>
<intro>
<p>so that the person will be able to—</p>
</intro>
<clause eId="regulation-26-4-a-i">
<num>i</num>
<content>
<p>get access to, and</p>
</content>
</clause>
<clause eId="regulation-26-4-a-ii">
<num>ii</num>
<content>
<p>store or print,</p>
</content>
</clause>
<wrapUp>
<p>the information, and</p>
</wrapUp>
</subparagraph>
<subparagraph eId="regulation-26-4-b">
<num>b</num>
<content>
<p>taking into account the requirements of disabled persons.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-26-4A">
<num>
<ins class="key-29148e710aae9a0f92a361ab995c9b54-1555326659685 first">
<noteRef href="#key-29148e710aae9a0f92a361ab995c9b54" marker="F66" class="commentary attribute F"/>
4A
</ins>
</num>
<content>
<p>
<ins class="key-29148e710aae9a0f92a361ab995c9b54-1555326659685 last">The provisions of paragraph (4) do not apply where regulation 29A applies to the information.</ins>
</p>
</content>
</paragraph>
<paragraph eId="regulation-26-5">
<num>5</num>
<intro>
<p>Where—</p>
</intro>
<subparagraph eId="regulation-26-5-a">
<num>a</num>
<content>
<p>a member or beneficiary of the scheme was a member or beneficiary of the scheme on 1st December 2010, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-26-5-b">
<num>b</num>
<content>
<p>information was not given by the trustees or managers of the scheme before that date by the methods described in paragraph (2)(b),</p>
</content>
</subparagraph>
<wrapUp>
<p>information may not be given to that member or beneficiary of the scheme in accordance with paragraph (2)(b) unless the trustees or managers of the scheme have given them the written notice referred to in paragraph (6).</p>
</wrapUp>
</paragraph>
<paragraph eId="regulation-26-6">
<num>6</num>
<intro>
<p>The written notice mentioned in paragraph (5) must state that—</p>
</intro>
<subparagraph eId="regulation-26-6-a">
<num>a</num>
<content>
<p>the trustees or managers of the scheme propose to give information to the member or beneficiary of the scheme by means of an electronic communication, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-26-6-b">
<num>b</num>
<content>
<p>the member or beneficiary of the scheme may request in writing that information is not given by means of an electronic communication.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-26-7">
<num>7</num>
<content>
<p>The written notice mentioned in paragraph (5) must not be given by the methods mentioned in paragraph (2)(b).</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-27" period="#period19">
<num>27</num>
<heading>Provision of information on a website</heading>
<paragraph eId="regulation-27-1">
<num>1</num>
<content>
<p>
<ins class="key-20c5dbe20427349f9a07a6784a9a54fa-1555327439343 first last">
<noteRef href="#key-20c5dbe20427349f9a07a6784a9a54fa" marker="F67" class="commentary attribute F"/>
Except where regulation 29A provides otherwise,
</ins>
where a website is used for the first time to make available the information or document, a notification must be given to the recipient.
</p>
</content>
</paragraph>
<paragraph eId="regulation-27-2">
<num>2</num>
<intro>
<p>The notification referred to in paragraph (1) must include—</p>
</intro>
<subparagraph eId="regulation-27-2-a">
<num>a</num>
<content>
<p>a statement that the information or document is available on the website,</p>
</content>
</subparagraph>
<subparagraph eId="regulation-27-2-b">
<num>b</num>
<content>
<p>the website address,</p>
</content>
</subparagraph>
<subparagraph eId="regulation-27-2-c">
<num>c</num>
<content>
<p>details of the place on the website where the information or document may be read, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-27-2-d">
<num>d</num>
<content>
<p>an explanation of how the recipient may read the information or document on the website.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-27-3">
<num>3</num>
<content>
<p>Subject to regulation 28, each time a website is used at a subsequent time to make available information or documents, a notification must be given to the recipient.</p>
</content>
</paragraph>
<paragraph eId="regulation-27-4">
<num>4</num>
<content>
<p>The notification referred to in paragraph (3) must state that the information or document is available on the website.</p>
</content>
</paragraph>
<paragraph eId="regulation-27-5">
<num>5</num>
<content>
<p>The notifications mentioned in paragraphs (1) and (3) must not be given by making them available on a website.</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-28" period="#period1">
<num>28</num>
<heading>Provision of information on a website: supplemental</heading>
<paragraph eId="regulation-28-1">
<num>1</num>
<content>
<p>The notification mentioned in regulation 27(3) need not be given where paragraphs (2) to (4) are satisfied.</p>
</content>
</paragraph>
<paragraph eId="regulation-28-2">
<num>2</num>
<intro>
<p>This paragraph is satisfied where—</p>
</intro>
<subparagraph eId="regulation-28-2-a">
<num>a</num>
<intro>
<p>the trustees or managers of the scheme have given the recipient at least two documents by either of the following methods—</p>
</intro>
<clause eId="regulation-28-2-a-i">
<num>i</num>
<content>
<p>given by hand, or</p>
</content>
</clause>
<clause eId="regulation-28-2-a-ii">
<num>ii</num>
<content>
<p>sent to the recipient's last known postal address, and</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="regulation-28-2-b">
<num>b</num>
<intro>
<p>each of those documents—</p>
</intro>
<clause eId="regulation-28-2-b-i">
<num>i</num>
<content>
<p>asks the recipient to give their electronic address to the trustees or managers of the scheme except where the trustees or managers of the scheme do not have the facility for sending information or documents to that address, and</p>
</content>
</clause>
<clause eId="regulation-28-2-b-ii">
<num>ii</num>
<content>
<p>states that the recipient may request in writing that information or documents are not given by means of an electronic communication.</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="regulation-28-3">
<num>3</num>
<intro>
<p>This paragraph is satisfied where—</p>
</intro>
<subparagraph eId="regulation-28-3-a">
<num>a</num>
<content>
<p>paragraph (2) is satisfied, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-28-3-b">
<num>b</num>
<intro>
<p>the trustees or managers of the scheme have given the recipient, by either of the methods mentioned in paragraph (2)(a), a further document that—</p>
</intro>
<clause eId="regulation-28-3-b-i">
<num>i</num>
<content>
<p>meets the requirements of paragraph (2)(b), and</p>
</content>
</clause>
<clause eId="regulation-28-3-b-ii">
<num>ii</num>
<content>
<p>states that further information and documents will be available to read on the website and that no further notifications will be sent to the recipient.</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="regulation-28-4">
<num>4</num>
<intro>
<p>This paragraph is satisfied where—</p>
</intro>
<subparagraph eId="regulation-28-4-a">
<num>a</num>
<content>
<p>paragraphs (2) and (3) are satisfied, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-28-4-b">
<num>b</num>
<intro>
<p>the trustees or managers of the scheme—</p>
</intro>
<clause eId="regulation-28-4-b-i">
<num>i</num>
<content>
<p>do not know the recipient's electronic address or do not have the facility for sending information or documents to that address, and</p>
</content>
</clause>
<clause eId="regulation-28-4-b-ii">
<num>ii</num>
<content>
<p>have not received a written request that information or documents are not given to the recipient by means of an electronic communication.</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="regulation-28-5">
<num>5</num>
<content>
<p>Where the information to be made available is that required by paragraph (1) of regulation 17, the notification mentioned in regulation 27(3) need only be given as required by paragraph (7) of regulation 17.</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-29" period="#period1">
<num>29</num>
<heading>Giving information and documents in certain cases</heading>
<paragraph eId="regulation-29-1">
<num>1</num>
<content>
<p>Information or documents to be given in accordance with this regulation are to be given as follows.</p>
</content>
</paragraph>
<paragraph eId="regulation-29-2">
<num>2</num>
<content>
<p>Where the person or recognised trade union makes a request for the information in hard copy form, the trustees or managers of the scheme must, subject to paragraph (3) give the information in that form and if a charge is levied for giving the information in that form, it must not exceed the cost of producing and giving it.</p>
</content>
</paragraph>
<paragraph eId="regulation-29-3">
<num>3</num>
<content>
<p>Where the information in hard copy form is publicly available, the trustees or managers of the scheme may give details of where it is publicly available instead of giving it under paragraph (2).</p>
</content>
</paragraph>
<paragraph eId="regulation-29-4">
<num>4</num>
<intro>
<p>Where the person or recognised trade union makes a request for the information other than in hard copy form, it may be made available free of charge—</p>
</intro>
<subparagraph eId="regulation-29-4-a">
<num>a</num>
<content>
<p>for inspection at a place that is reasonable having regard to who made the request, or</p>
</content>
</subparagraph>
<subparagraph eId="regulation-29-4-b">
<num>b</num>
<content>
<p>on a website.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-29-5">
<num>5</num>
<content>
<p>For the purposes of paragraph (4)(b), the provisions of regulations 27 and 28 do not apply, except that the trustees or managers of the scheme must give the notification described in regulation 27(2) to the person or recognised trade union who requested the information.</p>
</content>
</paragraph>
<paragraph eId="regulation-29-6">
<num>6</num>
<content>
<p>Information is in “hard copy form” if it is given in a paper copy or similar form capable of being read.</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-29A" period="#period18">
<num>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">29A</ins>
</num>
<heading>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522 first">
<noteRef href="#key-73affbed695398644169e5e4ae1e6d89" marker="F64" class="commentary attribute F"/>
Publishing charges and transaction costs
</ins>
</heading>
<paragraph eId="regulation-29A-1">
<num>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">1</ins>
</num>
<content>
<p>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">Where the scheme is a relevant scheme within the meaning of the Occupational Pension Schemes (Scheme Administration) Regulations 1996, the information specified in paragraph (2) must be made publicly available free of charge on a website in accordance with this regulation.</ins>
</p>
</content>
</paragraph>
<paragraph eId="regulation-29A-2">
<num>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">2</ins>
</num>
<intro>
<p>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">The specified information is the information which must be included in the most recent statement prepared under regulation 23 (annual statement regarding governance) of those Regulations in accordance with the following paragraphs of that regulation—</ins>
</p>
</intro>
<subparagraph eId="regulation-29A-2-a">
<num>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">a</ins>
</num>
<content>
<p>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">paragraph (1)(a);</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-29A-2-b">
<num>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">b</ins>
</num>
<content>
<p>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">paragraph (1)(c); and</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-29A-2-c">
<num>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">c</ins>
</num>
<content>
<p>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">paragraph (1)(ca).</ins>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-29A-3">
<num>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">3</ins>
</num>
<intro>
<p>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">Where this regulation applies—</ins>
</p>
</intro>
<subparagraph eId="regulation-29A-3-a">
<num>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">a</ins>
</num>
<content>
<p>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">a notification need not be given under regulation 27 in relation to the information on the website where information is given to the person in accordance with paragraph 5B(a) of Schedule 6 (statements of benefits: money purchase and cash balance benefits); and</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="regulation-29A-3-b">
<num>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">b</ins>
</num>
<content>
<p>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">the trustees or managers of the scheme must have regard to guidance prepared from time to time by the Secretary of State concerning the publication of the information.</ins>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-29A-4">
<num>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">4</ins>
</num>
<content>
<p>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">Where a person requests the trustees or managers of the scheme to provide the information referred to in paragraph (2) in hard copy form, the trustees or managers of the scheme must give that information to the person in hard copy form only where the trustees or managers are satisfied that it would be unreasonable for that person to obtain it from the website on which it is published.</ins>
</p>
</content>
</paragraph>
<paragraph eId="regulation-29A-5">
<num>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522">5</ins>
</num>
<content>
<p>
<ins class="key-73affbed695398644169e5e4ae1e6d89-1554992270522 last">Where information is required to be given in hard copy form in accordance with paragraph (4), it must be given within two months of the date the request is made.</ins>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="regulation" eId="regulation-30" period="#period1">
<num>30</num>
<heading>Responsibility for giving information and documents</heading>
<intro>
<p>The trustees or managers of a scheme are responsible for ensuring that information or documents are given in accordance with these Regulations whether they give the information or documents—</p>
</intro>
<subparagraph eId="regulation-30-a">
<num>a</num>
<content>
<p>directly, or</p>
</content>
</subparagraph>
<subparagraph eId="regulation-30-b">
<num>b</num>
<content>
<p>indirectly, through a third party.</p>
</content>
</subparagraph>
</hcontainer>
</part>
<hcontainer name="signatures" period="#period1">
<content>
<p>Signed by authority of the Secretary of State for Work and Pensions.</p>
<block name="signature">
<signature>
<person refersTo="#ref-d4e3577">Esther McVey</person>
<role refersTo="#ref-d4e3579"> Minister of State,</role>
<location refersTo="# departmentforworkandpensions"> Department for Work and Pensions</location>
<date date="2013-10-24"/>
</signature>
</block>
</content>
</hcontainer>
<hcontainer name="schedules" eId="d4e3586" period="#period21">
<heading>SCHEDULES</heading>
<hcontainer name="schedule" eId="schedule-1" period="#period4">
<num>
SCHEDULE 1
<authorialNote class="referenceNote" placement="right">
<p> Regulation 4(1), (4) and (5)</p>
</authorialNote>
</num>
<heading>Description of schemes</heading>
<paragraph eId="schedule-1-paragraph-1" period="#period4">
<num>1</num>
<subparagraph eId="schedule-1-paragraph-1-1">
<num>1</num>
<content>
<p>An occupational pension scheme falls within this paragraph if it meets the following conditions.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-1-paragraph-1-2">
<num>2</num>
<intro>
<p>The first condition is that the scheme—</p>
</intro>
<paragraph eId="schedule-1-paragraph-1-2-a">
<num>a</num>
<content>
<p>is a tax registered scheme,</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-1-2-b">
<num>b</num>
<intro>
<p>was formerly—</p>
</intro>
<subparagraph eId="schedule-1-paragraph-1-2-b-i">
<num>i</num>
<content>
<p>
approved by the Commissioners for Her Majesty's Revenue and Customs for the purposes of section 590 or 591 of the Income and Corporation Taxes Act 1988
<noteRef href="#c2193094" marker="M23" class="commentary M"/>
,
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-1-paragraph-1-2-b-ii">
<num>ii</num>
<content>
<p>
a statutory scheme as defined in section 611A of that Act
<noteRef href="#c2193095" marker="M24" class="commentary M"/>
, or
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-1-paragraph-1-2-b-iii">
<num>iii</num>
<content>
<p>
approved by the Commissioners for Her Majesty's Revenue and Customs under Chapter 4 of Part 14 of that Act
<noteRef href="#c2193096" marker="M25" class="commentary M"/>
,
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-1-paragraph-1-2-c">
<num>c</num>
<intro>
<p>has a superannuation fund as referred to in section 615(6) of the Income and Corporation Taxes Act 1988 (exemption from tax in respect of certain pensions) and has trustees or managers of the scheme who are—</p>
</intro>
<subparagraph eId="schedule-1-paragraph-1-2-c-i">
<num>i</num>
<content>
<p>authorised under section 288 of the 2004 Act (general authorisation to accept contributions from European employers), and</p>
</content>
</subparagraph>
<subparagraph eId="schedule-1-paragraph-1-2-c-ii">
<num>ii</num>
<content>
<p>
approved under section 289 of the 2004 Act
<noteRef href="#c2193097" marker="M26" class="commentary M"/>
(approval in relation to particular European employer) in relation to a European employer
<noteRef href="#c2193098" marker="M27" class="commentary M"/>
, or
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-1-paragraph-1-2-d">
<num>d</num>
<content>
<p>
is a public service pension scheme
<noteRef href="#c2193099" marker="M28" class="commentary M"/>
.
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-1-paragraph-1-3">
<num>3</num>
<intro>
<p>The second condition is that the scheme—</p>
</intro>
<paragraph eId="schedule-1-paragraph-1-3-a">
<num>a</num>
<content>
<p>has 2 or more members,</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-1-3-b">
<num>b</num>
<content>
<p>does not provide only death benefits,</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-1-3-c">
<num>c</num>
<content>
<p>is established in the United Kingdom or has at least one trustee or manager resident in the United Kingdom, and</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-1-3-d">
<num>d</num>
<content>
<p>is not established by the Salvation Army Act 1963.</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-1-paragraph-2" period="#period1">
<num>2</num>
<intro>
<p>A personal pension scheme falls within this paragraph if it is not a pension scheme that is—</p>
</intro>
<paragraph eId="schedule-1-paragraph-2-a">
<num>a</num>
<intro>
<p>either—</p>
</intro>
<subparagraph eId="schedule-1-paragraph-2-a-i">
<num>i</num>
<content>
<p>set up or established in an annuity contract, or</p>
</content>
</subparagraph>
<subparagraph eId="schedule-1-paragraph-2-a-ii">
<num>ii</num>
<content>
<p>a trust scheme, and</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-1-paragraph-2-b">
<num>b</num>
<content>
<p>to be treated as becoming a registered pension scheme under section 153(9) of the Finance Act 2004 in accordance with paragraph 1(1)(f) of Schedule 36 to that Act.</p>
</content>
</paragraph>
</paragraph>
</hcontainer>
<hcontainer name="schedule" eId="schedule-2" period="#period23">
<num>
SCHEDULE 2
<authorialNote class="referenceNote" placement="right">
<p> Regulations 6(2), 7(2), 8(1) and 18(1)</p>
</authorialNote>
</num>
<heading>Basic information</heading>
<part eId="schedule-2-part-1" period="#period23">
<num>
<strong>PART 1</strong>
</num>
<heading>Information to be given by occupational pension schemes that fall within paragraph 1 of Schedule 1</heading>
<paragraph eId="schedule-2-paragraph-1" period="#period1">
<num>1</num>
<content>
<p>The conditions persons must meet to become members of the scheme and a summary of the categories of persons who are eligible to become members of the scheme.</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-2" period="#period1">
<num>2</num>
<content>
<p>How persons who are eligible to be members of the scheme are admitted to it.</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-3" period="#period10">
<num>3</num>
<content>
<p>
A summary of what can be done with a member's accrued rights where the member leaves pensionable service before normal pension age, including whether accrued rights can be transferred out of the scheme, converted into an annuity
<ins class="key-ab583e0b48702707c6dabc47adcd6187-1433750341376 first last">
<noteRef href="#key-ab583e0b48702707c6dabc47adcd6187" marker="F43" class="commentary attribute F"/>
, designated as available for the payment of drawdown pension
</ins>
and commuted to a lump sum.
</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-4" period="#period1">
<num>4</num>
<intro>
<p>A statement relating to the matters mentioned in paragraph 3—</p>
</intro>
<paragraph eId="schedule-2-paragraph-4-a">
<num>a</num>
<content>
<p>as to whether a charge may be made, and</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-4-b">
<num>b</num>
<content>
<p>that further information is available on request.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-2-paragraph-4A" period="#period10">
<num>
<ins class="key-e8a585b445121d1e63027bacb548eb83-1433508167755 first">
<noteRef href="#key-e8a585b445121d1e63027bacb548eb83" marker="F15" class="commentary attribute F"/>
4A
</ins>
</num>
<content>
<p>
<ins class="key-e8a585b445121d1e63027bacb548eb83-1433508167755">Where the member has flexible benefits, a statement explaining the circumstances in which the member may transfer accrued rights to flexible benefits out of the scheme.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-4B" period="#period14">
<num>
<ins class="key-e8a585b445121d1e63027bacb548eb83-1433508167755">4B</ins>
</num>
<intro>
<p>
<ins class="key-e8a585b445121d1e63027bacb548eb83-1433508167755">
<ins class="key-a0b3e8aa4ddb92eabd6b1b308a7f3899-1476363042245 first last">
<noteRef href="#key-a0b3e8aa4ddb92eabd6b1b308a7f3899" marker="F61" class="commentary attribute F"/>
Subject to paragraph 4C
</ins>
</ins>
<ins class="key-e8a585b445121d1e63027bacb548eb83-1433508167755"> where the member has safeguarded benefits (which has the meaning given in section 48(8) of the Pension Schemes Act 2015 (independent advice in respect of conversions and transfers)), a statement that the member may be required to take independent advice before the member may—</ins>
</p>
</intro>
<paragraph eId="schedule-2-paragraph-4B-a">
<num>
<ins class="key-e8a585b445121d1e63027bacb548eb83-1433508167755">a</ins>
</num>
<content>
<p>
<ins class="key-e8a585b445121d1e63027bacb548eb83-1433508167755">convert any of the safeguarded benefits into different benefits that are flexible benefits under the scheme;</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-4B-b">
<num>
<ins class="key-e8a585b445121d1e63027bacb548eb83-1433508167755">b</ins>
</num>
<content>
<p>
<ins class="key-e8a585b445121d1e63027bacb548eb83-1433508167755">transfer safeguarded benefits to another pension scheme with a view to acquiring a right or entitlement to flexible benefits; and</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-4B-c">
<num>
<ins class="key-e8a585b445121d1e63027bacb548eb83-1433508167755">c</ins>
</num>
<content>
<p>
<ins class="key-e8a585b445121d1e63027bacb548eb83-1433508167755 last">withdraw an uncrystallised funds pension lump sum (which has the meaning given in paragraph 4A of Schedule 29 to the Finance Act 2004 (uncrystallised funds pension lump sum)).</ins>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-2-paragraph-4C" period="#period14">
<num>
<ins class="key-3a86c6c61037fa58bbf010f9bcfbee96-1476361269360 first">
<noteRef href="#key-3a86c6c61037fa58bbf010f9bcfbee96" marker="F57" class="commentary attribute F"/>
4C
</ins>
</num>
<content>
<p>
<ins class="key-3a86c6c61037fa58bbf010f9bcfbee96-1476361269360 last">Paragraph 4B does not apply to a member of an occupational pension scheme that is an unfunded public service defined benefits scheme, unless it is a scheme in relation to which section 95(2A)(a)(i) of the 1993 Act has been disapplied, pursuant to section 95(2B) of that Act (ways of taking right to cash equivalent).</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-5" period="#period1">
<num>5</num>
<content>
<p>Whether the scheme is a tax registered scheme or, if not, whether an application for the scheme to become a tax registered scheme is under consideration by the Commissioners for Her Majesty's Revenue and Customs.</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-6" period="#period10">
<num>6</num>
<content>
<p>
A statement that explains whether transfers can be made into the scheme, including whether such transfers can be made in accordance with
<ins class="substitution key-043ea2229636b50d326d21000862f7a5-1433750852378 first last">
<noteRef href="#key-043ea2229636b50d326d21000862f7a5" marker="F44" class="commentary attribute F"/>
Chapters 1 and 2 of Part 4ZA of the 1993 Act (transfers and contribution refunds)
</ins>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-7" period="#period1">
<num>7</num>
<content>
<p>The arrangements, if any, for the payment by members of additional voluntary contributions.</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-8" period="#period1">
<num>8</num>
<content>
<p>A summary of how the contributions, if any, payable by the employer and the member are calculated.</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-9" period="#period1">
<num>9</num>
<content>
<p>
Where the scheme is the National Employment Savings Trust Corporation established under section 75(1) of the Pensions Act 2008
<noteRef href="#c2193100" marker="M29" class="commentary M"/>
, a statement of the maximum amount, if any, of contributions that may be paid in any tax year in relation to a member of the scheme.
</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-10" period="#period20">
<num>10</num>
<intro>
<p>A statement that—</p>
</intro>
<paragraph eId="schedule-2-paragraph-10-a">
<num>a</num>
<intro>
<p>
the
<ins class="substitution key-a8e333c805ff9734e38c38e3e47bdeee-1565942377688 first last">
<noteRef href="#key-a8e333c805ff9734e38c38e3e47bdeee" marker="F71" class="commentary attribute F"/>
Money and Pensions Service
</ins>
is available at any time to assist members and beneficiaries with—
</p>
</intro>
<subparagraph eId="schedule-2-paragraph-10-a-i">
<num>i</num>
<content>
<p>pensions questions, and</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-10-a-ii">
<num>ii</num>
<content>
<p>issues they have been unable to resolve with the trustees or managers of the scheme,</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-2-paragraph-10-b">
<num>b</num>
<content>
<p>
the Pensions Ombudsman
<noteRef href="#c2193102" marker="M30" class="commentary M"/>
may investigate and determine certain complaints or disputes about pensions that are referred to the Ombudsman in accordance with the 1993 Act, and
</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-10-c">
<num>c</num>
<content>
<p>the Regulator may intervene in the running of schemes where trustees, managers, employers or professional advisers have failed in their duties.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-2-paragraph-11" period="#period1">
<num>11</num>
<content>
<p>The postal and electronic address at which each of the bodies referred to in paragraph 10 may be contacted.</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-12" period="#period16">
<num>
<noteRef href="#key-13272befc24052b948d9f4398eaa05c4" marker="F63" class="commentary F"/>
12
</num>
<content>
<p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-13" period="#period1">
<num>13</num>
<content>
<p>If a member of the scheme has to give a period of notice to terminate their pensionable service, the length of that period of notice.</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-14" period="#period1">
<num>14</num>
<content>
<p>Whether, and if so on what conditions (if any), a member of the scheme, whose pensionable service has terminated before normal pension age, may re-enter pensionable service.</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-15" period="#period6">
<num>15</num>
<intro>
<p>
The following information about benefits payable under the scheme (referred to in this paragraph as “
<term refersTo="#term-benefits">benefits</term>
”)—
</p>
</intro>
<paragraph eId="schedule-2-paragraph-15-a">
<num>a</num>
<content>
<p>what the benefits are,</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-15-b">
<num>b</num>
<content>
<p>how benefits are calculated,</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-15-c">
<num>c</num>
<content>
<p>how the scheme defines pensionable earnings, if appropriate,</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-15-d">
<num>d</num>
<content>
<p>how and when benefits in payment are increased, if appropriate,</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-15-e">
<num>e</num>
<content>
<p>the rate at which rights to benefits accrue, if appropriate,</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-15-f">
<num>f</num>
<content>
<p>the conditions on which benefits are payable,</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-15-g">
<num>g</num>
<content>
<p>when benefits (including survivor's benefits) are payable.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-2-paragraph-16" period="#period13">
<num>16</num>
<content>
<p>
Where the member has money purchase benefits, a statement that the value of the pension will depend on several factors including the amount of the contributions paid
<ins class="key-c5c63fbbf1744a0f4f760a13f3dad240-1433751089905 first last">
<noteRef href="#key-c5c63fbbf1744a0f4f760a13f3dad240" marker="F45" class="commentary attribute F"/>
, any cost of exercising any right to transfer the benefits, any charges payable, the age at which the member accesses the benefits”
</ins>
, the performance of
<ins class="substitution key-49b68ca145e5938bcb8fc78a44361ce3-1433751151778 first last">
<noteRef href="#key-49b68ca145e5938bcb8fc78a44361ce3" marker="F46" class="commentary attribute F"/>
investments and any
</ins>
cost of converting the benefit into an annuity.
</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-16A" period="#period10">
<num>
<ins class="key-102e668e77be17ab3a61508efa4c43db-1433497881654 first">
<noteRef href="#key-102e668e77be17ab3a61508efa4c43db" marker="F5" class="commentary attribute F"/>
16A
</ins>
</num>
<content>
<p>
<ins class="key-102e668e77be17ab3a61508efa4c43db-1433497881654">Where the member has rights to cash balance benefits, a statement that the value of the pension will depend on several factors including the amount of contributions paid</ins>
<ins class="key-102e668e77be17ab3a61508efa4c43db-1433497881654">
<ins class="key-24c9eb8b8457cd0a8e511eb6900344dd-1433751403667 first last">
<noteRef href="#key-24c9eb8b8457cd0a8e511eb6900344dd" marker="F47" class="commentary attribute F"/>
, any cost of exercising any right to transfer the benefits, any charges payable, the age at which the member accesses the benefits
</ins>
</ins>
<ins class="key-102e668e77be17ab3a61508efa4c43db-1433497881654">, any guaranteed interest or bonuses </ins>
<ins class="key-102e668e77be17ab3a61508efa4c43db-1433497881654">
<ins class="substitution key-7444c3a57ded74ca0e8633d4aecd1e2e-1433751495824 first last">
<noteRef href="#key-7444c3a57ded74ca0e8633d4aecd1e2e" marker="F48" class="commentary attribute F"/>
applied and any
</ins>
</ins>
<ins class="key-102e668e77be17ab3a61508efa4c43db-1433497881654 last"> cost of converting the benefits into an annuity.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-17" period="#period1">
<num>17</num>
<content>
<p>Except where the scheme is a public service pension scheme, a statement that the scheme annual report will be given on request.</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-18" period="#period1">
<num>18</num>
<subparagraph eId="schedule-2-paragraph-18-1">
<num>1</num>
<content>
<p>The scheme's internal dispute resolution arrangements.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-18-2">
<num>2</num>
<content>
<p>The postal or electronic address and job title of the person who should be contacted to use those arrangements.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-18-3">
<num>3</num>
<content>
<p>
This paragraph does not apply to a scheme within section 50(8) of the 1995 Act
<noteRef href="#c2193104" marker="M31" class="commentary M"/>
(requirement for dispute resolution arrangements).
</p>
</content>
</subparagraph>
</paragraph>
</part>
<part eId="schedule-2-part-2" period="#period20">
<num>
<strong>PART 2</strong>
</num>
<heading>Information to be given by occupational pension schemes not falling within paragraph 1 of Schedule 1 and schemes that are established under the Salvation Army Act 1963</heading>
<paragraph eId="schedule-2-paragraph-19" period="#period1">
<num>19</num>
<intro>
<p>
The following information about benefits payable under the scheme (referred to in this paragraph as “
<term refersTo="#term-benefits">benefits</term>
”)—
</p>
</intro>
<paragraph eId="schedule-2-paragraph-19-a">
<num>a</num>
<content>
<p>what the benefits are,</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-19-b">
<num>b</num>
<content>
<p>how benefits are calculated,</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-19-c">
<num>c</num>
<content>
<p>how the scheme defines pensionable earnings, if appropriate,</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-19-d">
<num>d</num>
<content>
<p>how and when benefits in payment are increased, if appropriate,</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-19-e">
<num>e</num>
<content>
<p>the rate at which rights to benefits accrue, if appropriate,</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-19-f">
<num>f</num>
<content>
<p>the conditions on which benefits are payable,</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-19-g">
<num>g</num>
<content>
<p>when benefits (including survivor's benefits) are payable.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-2-paragraph-20" period="#period10">
<num>20</num>
<content>
<p>
A statement that explains whether transfers can be made into the scheme, including whether such transfers can be made in accordance with
<ins class="substitution key-7066f452792f8b111f5f62c527f77bd9-1433751701256 first last">
<noteRef href="#key-7066f452792f8b111f5f62c527f77bd9" marker="F49" class="commentary attribute F"/>
Chapters 1 and 2 of Part 4ZA
</ins>
of the 1993 Act.
</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-21" period="#period10">
<num>21</num>
<content>
<p>
A summary of what can be done with a member's accrued rights where the member leaves pensionable service before normal pension age, including whether the accrued rights can be transferred out of the scheme, converted into an annuity
<ins class="key-581d3a13ab3acda313cb252571087db4-1433751925908 first last">
<noteRef href="#key-581d3a13ab3acda313cb252571087db4" marker="F50" class="commentary attribute F"/>
, designated as available for the payment of drawdown pension
</ins>
and commuted to a lump sum.
</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-22" period="#period1">
<num>22</num>
<intro>
<p>A statement relating to the matters mentioned in paragraph 21—</p>
</intro>
<paragraph eId="schedule-2-paragraph-22-a">
<num>a</num>
<content>
<p>as to whether a charge may be made, and</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-22-b">
<num>b</num>
<content>
<p>that further information is available.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-2-paragraph-22A" period="#period10">
<num>
<ins class="key-112da63784713f6349bc8c439da4bf82-1433508640162 first">
<noteRef href="#key-112da63784713f6349bc8c439da4bf82" marker="F16" class="commentary attribute F"/>
22A
</ins>
</num>
<content>
<p>
<ins class="key-112da63784713f6349bc8c439da4bf82-1433508640162">Where the member has flexible benefits, a statement explaining the circumstances in which the member may transfer accrued rights to flexible benefits out of the scheme.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-22B" period="#period14">
<num>
<ins class="key-112da63784713f6349bc8c439da4bf82-1433508640162">22B</ins>
</num>
<intro>
<p>
<ins class="key-112da63784713f6349bc8c439da4bf82-1433508640162">
<ins class="key-64f6f977b85f9d055e53216716befe81-1476363393711 first last">
<noteRef href="#key-64f6f977b85f9d055e53216716befe81" marker="F62" class="commentary attribute F"/>
Subject to paragraph 22C
</ins>
</ins>
<ins class="key-112da63784713f6349bc8c439da4bf82-1433508640162"> where the member has safeguarded benefits (which has the meaning given in section 48(8) of the Pension Schemes Act 2015), a statement that the member may be required to take independent advice before the member may—</ins>
</p>
</intro>
<paragraph eId="schedule-2-paragraph-22B-a">
<num>
<ins class="key-112da63784713f6349bc8c439da4bf82-1433508640162">a</ins>
</num>
<content>
<p>
<ins class="key-112da63784713f6349bc8c439da4bf82-1433508640162">convert any of the safeguarded benefits into different benefits that are flexible benefits under the scheme;</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-22B-b">
<num>
<ins class="key-112da63784713f6349bc8c439da4bf82-1433508640162">b</ins>
</num>
<content>
<p>
<ins class="key-112da63784713f6349bc8c439da4bf82-1433508640162">transfer safeguarded benefits to another pension scheme with a view to acquiring a right or entitlement to flexible benefits; and</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-22B-c">
<num>
<ins class="key-112da63784713f6349bc8c439da4bf82-1433508640162">c</ins>
</num>
<content>
<p>
<ins class="key-112da63784713f6349bc8c439da4bf82-1433508640162 last">withdraw an uncrystallised funds pension lump sum (which has the meaning given in paragraph 4A of Schedule 29 to the Finance Act 2004).</ins>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-2-paragraph-22C" period="#period14">
<num>
<ins class="key-10ba3e98e75c1c245181f79f51eae08b-1476361413929 first">
<noteRef href="#key-10ba3e98e75c1c245181f79f51eae08b" marker="F58" class="commentary attribute F"/>
22C
</ins>
</num>
<content>
<p>
<ins class="key-10ba3e98e75c1c245181f79f51eae08b-1476361413929 last">Paragraph 22B does not apply to a member of an occupational pension scheme that is an unfunded public service defined benefits scheme, unless it is a scheme in relation to which section 95(2A)(a)(i) of the 1993 Act has been disapplied, pursuant to section 95(2B) of that Act.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-23" period="#period1">
<num>23</num>
<subparagraph eId="schedule-2-paragraph-23-1">
<num>1</num>
<content>
<p>The scheme's internal dispute resolution arrangements.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-23-2">
<num>2</num>
<content>
<p>The postal or electronic address and job title of the person who should be contacted to use those arrangements.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-23-3">
<num>3</num>
<content>
<p>This paragraph does not apply to a scheme within section 50(8) of the 1995 Act.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-2-paragraph-24" period="#period20">
<num>24</num>
<intro>
<p>A statement that—</p>
</intro>
<paragraph eId="schedule-2-paragraph-24-a">
<num>a</num>
<intro>
<p>
the
<ins class="substitution key-42874c6e0a20d2668b36adb624819429-1565942511477 first last">
<noteRef href="#key-42874c6e0a20d2668b36adb624819429" marker="F72" class="commentary attribute F"/>
Money and Pensions Service
</ins>
is available at any time to assist members and beneficiaries with—
</p>
</intro>
<subparagraph eId="schedule-2-paragraph-24-a-i">
<num>i</num>
<content>
<p>pensions questions, and</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-24-a-ii">
<num>ii</num>
<content>
<p>issues they have been unable to resolve with the trustees or managers of the scheme,</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-2-paragraph-24-b">
<num>b</num>
<content>
<p>the Pensions Ombudsman may investigate and determine certain complaints or disputes about pensions that are referred to the Ombudsman in accordance with the 1993 Act, and</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-24-c">
<num>c</num>
<content>
<p>the Regulator may intervene in the running of schemes where trustees, managers, employers or professional advisers have failed in their duties.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-2-paragraph-25" period="#period1">
<num>25</num>
<content>
<p>The postal address and electronic address at which each of the bodies referred to in paragraph 24 may be contacted.</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-26" period="#period10">
<num>
<ins class="substitution key-b6a83b242006c956d4156f4bbbdba4e4-1433752158966 first">
<noteRef href="#key-b6a83b242006c956d4156f4bbbdba4e4" marker="F51" class="commentary attribute F"/>
26
</ins>
</num>
<intro>
<p>
<ins class="substitution key-b6a83b242006c956d4156f4bbbdba4e4-1433752158966">A statement setting out—</ins>
</p>
</intro>
<paragraph eId="schedule-2-paragraph-26-a">
<num>
<ins class="substitution key-b6a83b242006c956d4156f4bbbdba4e4-1433752158966">a</ins>
</num>
<intro>
<p>
<ins class="substitution key-b6a83b242006c956d4156f4bbbdba4e4-1433752158966">which benefits—</ins>
</p>
</intro>
<subparagraph eId="schedule-2-paragraph-26-a-i">
<num>
<ins class="substitution key-b6a83b242006c956d4156f4bbbdba4e4-1433752158966">i</ins>
</num>
<content>
<p>
<ins class="substitution key-b6a83b242006c956d4156f4bbbdba4e4-1433752158966">are provided by means of the setting aside of resources (other than assets at the disposal of the employer of any person who is employed in relevant employment) for a benefit, before the benefit becomes payable, that are related to the intended rate or amount of benefit; and</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-2-paragraph-26-a-ii">
<num>
<ins class="substitution key-b6a83b242006c956d4156f4bbbdba4e4-1433752158966">ii</ins>
</num>
<content>
<p>
<ins class="substitution key-b6a83b242006c956d4156f4bbbdba4e4-1433752158966">are not provided by that means; and</ins>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-2-paragraph-26-b">
<num>
<ins class="substitution key-b6a83b242006c956d4156f4bbbdba4e4-1433752158966">b</ins>
</num>
<content>
<p>
<ins class="substitution key-b6a83b242006c956d4156f4bbbdba4e4-1433752158966 last">the manner in which any benefits mentioned in sub-paragraph (a)(i) are secured.</ins>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-2-paragraph-27" period="#period1">
<num>27</num>
<content>
<p>A statement that most of the provisions of the 1995 Act do not apply to the scheme.</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-28" period="#period1">
<num>28</num>
<content>
<p>Where the member has money purchase benefits, a statement that the value of the pension will depend on several factors including the amount of the contributions paid, the performance of investments and the cost of converting the benefit into an annuity.</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-28A" period="#period8">
<num>
<ins class="key-06cf919a6f78dfe713e895f98f72e607-1433497958883 first">
<noteRef href="#key-06cf919a6f78dfe713e895f98f72e607" marker="F6" class="commentary attribute F"/>
28A
</ins>
</num>
<content>
<p>
<ins class="key-06cf919a6f78dfe713e895f98f72e607-1433497958883 last">Where the member has rights to cash balance benefits, a statement that the value of the pension will depend on several factors including the amount of contributions paid, any guaranteed interest or bonuses applied and the cost of converting the benefits into an annuity.</ins>
</p>
</content>
</paragraph>
</part>
<part eId="schedule-2-part-3" period="#period1">
<num>
<strong>PART 3</strong>
</num>
<heading>Lifestyling</heading>
<paragraph eId="schedule-2-paragraph-29" period="#period1">
<num>29</num>
<intro>
<p>A statement explaining lifestyling, its advantages and disadvantages, and either—</p>
</intro>
<paragraph eId="schedule-2-paragraph-29-a">
<num>a</num>
<content>
<p>that lifestyling will be adopted, indicating when lifestyling is likely to be adopted, or</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-29-b">
<num>b</num>
<content>
<p>that lifestyling has been adopted.</p>
</content>
</paragraph>
</paragraph>
</part>
</hcontainer>
<hcontainer name="schedule" eId="schedule-3" period="#period21">
<num>
SCHEDULE 3
<authorialNote class="referenceNote" placement="right">
<p> Regulations 11 to 14</p>
</authorialNote>
</num>
<heading>Information to be given on request</heading>
<part eId="schedule-3-part-1" period="#period6">
<num>
<strong>PART 1</strong>
</num>
<heading>Information on the constitution of the scheme</heading>
<paragraph eId="schedule-3-paragraph-1" period="#period1">
<num>1</num>
<content>
<p>The contents of any trust deed or document under which the scheme is made.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-2" period="#period6">
<num>2</num>
<content>
<p>The scheme rules.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-3" period="#period1">
<num>3</num>
<content>
<p>The contents of any document that supplements or alters in any way the information referred to in paragraphs 1 and 2.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-4" period="#period1">
<num>4</num>
<content>
<p>The name and postal and electronic address of every person who employs any member of the scheme in relevant employment.</p>
</content>
</paragraph>
</part>
<part eId="schedule-3-part-2" period="#period1">
<num>
<strong>PART 2</strong>
</num>
<heading>
Information in the annual report
<abbr title="et cetera" xml:lang="la">etc.</abbr>
</heading>
<paragraph eId="schedule-3-paragraph-5" period="#period1">
<num>5</num>
<content>
<p>A copy of the appropriate audited accounts or auditor's statements prepared and audited in accordance with regulations made under section 41 of the 1995 Act (provision of documents for members).</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-6" period="#period1">
<num>6</num>
<content>
<p>If Part 3 of the 2004 Act applies, a copy of the certificate by the actuary under section 227 of the 2004 Act (schedule of contributions) about the adequacy of the contributions payable towards the scheme.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-7" period="#period1">
<num>7</num>
<content>
<p>Any of the information listed in Part 5 of this Schedule that applies.</p>
</content>
</paragraph>
</part>
<part eId="schedule-3-part-3" period="#period6">
<num>
<strong>PART 3</strong>
</num>
<heading>
Information on funding principles and actuarial valuations
<abbr title="et cetera" xml:lang="la">etc.</abbr>
</heading>
<paragraph eId="schedule-3-paragraph-8" period="#period1">
<num>8</num>
<content>
<p>The latest statement of funding principles where required under section 223 of the 2004 Act (statement of funding principles).</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-9" period="#period1">
<num>9</num>
<content>
<p>Where Part 3 of the 2004 Act applies to the scheme, a copy of the last actuarial valuation referred to in section 224 of the 2004 Act (actuarial valuations and reports) that the trustees or managers of the scheme have received.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-10" period="#period1">
<num>10</num>
<content>
<p>Where Part 3 of the 2004 Act applies to the scheme, the latest actuarial report referred to in section 224 of the 2004 Act that the trustees or managers of the scheme have received after the last actuarial valuation.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-11" period="#period1">
<num>11</num>
<content>
<p>Any recovery plan prepared under section 226 of the 2004 Act (recovery plan) that is currently in force.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-12" period="#period1">
<num>12</num>
<content>
<p>
The latest payment schedule under section 87 of the 1995 Act
<noteRef href="#c2193105" marker="M32" class="commentary M"/>
(schedules of payments to money purchase schemes) or the latest schedule of contributions under section 227 of the 2004 Act that relates to the employer of the member.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-13" period="#period1">
<num>13</num>
<content>
<p>
The latest statement of principles governing decisions about investments where required by section 35 of the 1995 Act
<noteRef href="#c2193106" marker="M33" class="commentary M"/>
(investment principles).
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-14" period="#period1">
<num>14</num>
<content>
<p>
A summary of the winding up procedure under section 231A of the 2004 Act
<noteRef href="#c2193107" marker="M34" class="commentary M"/>
(requirements for winding up procedure).
</p>
</content>
</paragraph>
</part>
<part eId="schedule-3-part-4" period="#period10">
<num>
<strong>PART 4</strong>
</num>
<heading>Information on transfer credits</heading>
<paragraph eId="schedule-3-paragraph-15" period="#period10">
<num>15</num>
<intro>
<p>Whether the member or prospective member is entitled to acquire transfer credits in exchange for—</p>
</intro>
<paragraph eId="schedule-3-paragraph-15-a">
<num>a</num>
<content>
<p>
a specified cash equivalent (within the meaning of
<ins class="substitution key-165d3a49c9dd60c54782ee6b15450bd9-1433752704602 first last">
<noteRef href="#key-165d3a49c9dd60c54782ee6b15450bd9" marker="F52" class="commentary attribute F"/>
Chapter 1 of Part 4ZA
</ins>
, or Chapter 2 of Part 4A, of the 1993 Act)
<noteRef href="#c2193108" marker="M35" class="commentary M"/>
(requirements relating to pension credit benefit) provided by another scheme, or
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-15-b">
<num>b</num>
<content>
<p>
any transfer payment (within the meaning of
<ins class="substitution key-165d3a49c9dd60c54782ee6b15450bd9-1433752734156 first last">
<noteRef href="#key-165d3a49c9dd60c54782ee6b15450bd9" marker="F52" class="commentary attribute F"/>
Chapter 1 of Part 4ZA
</ins>
, or Chapter 2 of Part 4A, of the 1993 Act) provided by another scheme.
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-16" period="#period1">
<num>16</num>
<content>
<p>A statement of any transfer credits referred to in paragraph 15 which the member or prospective member is entitled to acquire.</p>
</content>
</paragraph>
</part>
<part eId="schedule-3-part-5" period="#period11">
<num>
<strong>PART 5</strong>
</num>
<heading>Information that applies to the scheme</heading>
<paragraph eId="schedule-3-paragraph-17" period="#period1">
<num>17</num>
<content>
<p>
The names of the persons who are trustees of the scheme, and in the case of a scheme none of the trustees of which is an individual, the names of the directors of any company that is a trustee, during the scheme year to which the information relates (referred to in this Part as “
<term refersTo="#term-the-year">the year</term>
”).
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-18" period="#period1">
<num>18</num>
<content>
<p>The provisions of the scheme in relation to the appointment of trustees and their removal from office and, in the case of a scheme none of the trustees of which is an individual, the provisions in the articles of association of each trustee that relate to the appointment and removal from office of any directors.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-19" period="#period1">
<num>19</num>
<content>
<p>The names of the professional advisers and of such banks, custodians, and other persons and organisations who have acted for or who have been retained by the trustees during the year, with an indication (except in a case where regulation 12 is complied with by the trustees of a scheme for the first time) of any changes since the previous year.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-20" period="#period1">
<num>20</num>
<content>
<p>The postal and electronic address to which enquiries about the scheme generally or about an individual's entitlement to benefit should be sent.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-21" period="#period1">
<num>21</num>
<content>
<p>The number of beneficiaries and active, deferred and pensioner members as at any one date during the year.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-22" period="#period6">
<num>22</num>
<intro>
<p>Except in the case of a money purchase scheme, the percentage increases made (otherwise than in accordance with a legislative requirement) during the year (or, if there have been different increases for different individuals or groups of individuals, the maximum, minimum and average percentage increases) to—</p>
</intro>
<paragraph eId="schedule-3-paragraph-22-a">
<num>a</num>
<content>
<p>pensions that were payable, and</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-22-b">
<num>b</num>
<content>
<p>deferred pensions,</p>
</content>
</paragraph>
<wrapUp>
<p>with a statement whether the increases were to any extent discretionary.</p>
</wrapUp>
</paragraph>
<paragraph eId="schedule-3-paragraph-23" period="#period10">
<num>23</num>
<intro>
<p>Except in the case of a money purchase scheme that is a wholly insured scheme, the following information—</p>
</intro>
<paragraph eId="schedule-3-paragraph-23-a">
<num>a</num>
<content>
<p>
where any cash equivalents
<noteRef href="#key-953b5ed9aedbcc934aa55eff8388c327" marker="F53" class="commentary F"/>
... (within the meaning of
<ins class="substitution key-b7446fb7eff3dcc17479b525d346187e-1433753013595 first last">
<noteRef href="#key-b7446fb7eff3dcc17479b525d346187e" marker="F54" class="commentary attribute F"/>
Chapter 1 of Part 4ZA
</ins>
or Chapter 2 of Part 4A of the 1993 Act) paid during the year were not calculated and verified in the manner prescribed by regulations made under sections 97 or 101I of the 1993 Act
<noteRef href="#c2193109" marker="M36" class="commentary M"/>
(calculation of cash equivalents), as the case may be, a statement explaining why,
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-23-b">
<num>b</num>
<content>
<p>
where any of the cash equivalents
<noteRef href="#key-953b5ed9aedbcc934aa55eff8388c327" marker="F53" class="commentary F"/>
... paid during the year were less than the amount for which
<ins class="substitution key-8699ba92c8f64b1d4f99331cd177b7f8-1433753061721 first last">
<noteRef href="#key-8699ba92c8f64b1d4f99331cd177b7f8" marker="F55" class="commentary attribute F"/>
section 94
</ins>
of the 1993 Act
<noteRef href="#c2193110" marker="M37" class="commentary M"/>
(right to cash equivalent) provides, a statement to that effect together with information as to why they were less,
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-23-c">
<num>c</num>
<content>
<p>a statement of when full values became, or are likely to become, available, and</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-23-d">
<num>d</num>
<content>
<p>a statement whether discretionary benefits are included in the calculation of the transfer values and, if so, the method by which the value of discretionary benefits is assessed.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-24" period="#period1">
<num>24</num>
<content>
<p>A statement as to whether the accounts have been prepared and audited in accordance with regulations made under section 41(1) and (6) of the 1995 Act (unless the scheme is exempt from such requirements by virtue of those regulations).</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-25" period="#period1">
<num>25</num>
<content>
<p>If the auditor's statement made in accordance with regulations made under section 41(1)(a) and (2)(b) of the 1995 Act is negative or qualified, an account of the reasons why and a statement as to how the situation has been or is likely to be resolved.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-26" period="#period1">
<num>26</num>
<content>
<p>If such situation as is mentioned in paragraph 25 in respect of a previous scheme year was not resolved in a previous year, a statement as to how it has been or is likely to be resolved.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-27" period="#period1">
<num>27</num>
<content>
<p>Who has managed the investments of the scheme during the year and the extent of any delegation of this function by the trustees.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-28" period="#period1">
<num>28</num>
<content>
<p>
Whether the trustees have produced a statement of the principles governing decisions about investments for the purposes of the scheme in accordance with section 35 of the 1995 Act
<noteRef href="#c2193111" marker="M38" class="commentary M"/>
(investment principles) (unless the scheme is exempt from such requirement by virtue of regulations made under that section) and, where the trustees have produced such a statement, a statement that a copy is available on request.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-29" period="#period1">
<num>29</num>
<content>
<p>Except in relation to a wholly insured scheme, a statement as to the trustees' policy on the custody of the scheme assets.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-30" period="#period2">
<num>30</num>
<intro>
<p>Where the scheme is one to which section 35 of the 1995 Act applies, an investment report containing—</p>
</intro>
<paragraph eId="schedule-3-paragraph-30-a">
<num>a</num>
<content>
<p>a statement by the trustees or the fund manager providing details of any investments made for the scheme during the year that were not made in accordance with the statement of investment principles governing decisions about investments required under section 35 of the 1995 Act,</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-30-b">
<num>b</num>
<content>
<p>where investments for the scheme have been made in the year that do not accord with the statement of investment principles governing decisions about investments required under section 35 of the 1995 Act (or were made in a previous year and continued to be held at the end of the year), a statement by the trustees or the fund manager giving the reasons why and explaining what action, if any, it is proposed to take or has already been taken to remedy the position,</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-30-c">
<num>c</num>
<intro>
<p>a review of the investment performance of the scheme's fund—</p>
</intro>
<subparagraph eId="schedule-3-paragraph-30-c-i">
<num>i</num>
<content>
<p>during the year, and</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-30-c-ii">
<num>ii</num>
<content>
<p>except where the scheme has existed for less than three scheme years, during a period of not less than 3 and not more than 5 scheme years ending with the year,</p>
</content>
</subparagraph>
<wrapUp>
<p>including an assessment of the nature, disposition, marketability, security and valuation of the scheme's assets,</p>
</wrapUp>
</paragraph>
<paragraph eId="schedule-3-paragraph-30-d">
<num>d</num>
<content>
<p>the trustees' policy (if any) in relation to the rights (including voting rights) attaching to investments, and</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-30-e">
<num>e</num>
<content>
<p>the extent (if at all) to which social, environmental or ethical considerations are taken into account in the selection, retention and realisation of investments.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-31" period="#period1">
<num>31</num>
<content>
<p>A copy of any statement made on the resignation or removal of the auditor or actuary and made in accordance with regulations made under section 47(6) of the 1995 Act (professional advisors).</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-32" period="#period1">
<num>32</num>
<intro>
<p>
Except where the scheme is a trust scheme that applies to earners in employments under different employers, where the scheme has employer-related investments (within the meaning of section 40(2) of the 1995 Act
<noteRef href="#c2193112" marker="M39" class="commentary M"/>
(restriction on employer-related investments)), a statement—
</p>
</intro>
<paragraph eId="schedule-3-paragraph-32-a">
<num>a</num>
<content>
<p>as to the percentage of the scheme's resources invested in such investments at the end of the year,</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-32-b">
<num>b</num>
<content>
<p>
if that percentage exceeds 5%, as to the percentage of the scheme's resources that are investments to which regulation 13 of the Occupational Pension Schemes (Investment) Regulations 2005
<noteRef href="#c2193113" marker="M40" class="commentary M"/>
(investments to which restrictions do not apply) applies, and
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-32-c">
<num>c</num>
<intro>
<p>if any resources of the scheme are invested in contravention of subsection (1) of section 40 of the 1995 Act—</p>
</intro>
<subparagraph eId="schedule-3-paragraph-32-c-i">
<num>i</num>
<content>
<p>as to the steps the trustees or managers of the scheme have taken or propose to take to secure that the scheme complies with that section, and</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-32-c-ii">
<num>ii</num>
<content>
<p>as to the time when any proposed steps will be taken.</p>
</content>
</subparagraph>
</paragraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-33" period="#period7">
<num>33</num>
<subparagraph eId="schedule-3-paragraph-33-1">
<num>1</num>
<intro>
<p>Where the scheme is a trust scheme that applies to earners in employments under different employers, a statement in accordance with paragraph 32 or a statement—</p>
</intro>
<paragraph eId="schedule-3-paragraph-33-1-a">
<num>a</num>
<content>
<p>listing the 100 largest investments by value held by the scheme as at the end of the year and stating what percentage of the resources of the scheme each such investment represents,</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-33-1-b">
<num>b</num>
<content>
<p>identifying which of the investments referred to in paragraph (a) are employer-related investments, and</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-33-1-c">
<num>c</num>
<intro>
<p>if, as at the end of the year, more than 5% of the resources of the scheme are invested in employer-related investments in contravention of section 40(1) of the 1995 Act in relation to a particular employer—</p>
</intro>
<subparagraph eId="schedule-3-paragraph-33-1-c-i">
<num>i</num>
<content>
<p>listing the employer-related investments and the name of the employer concerned,</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-33-1-c-ii">
<num>ii</num>
<content>
<p>as to the steps the scheme has taken or proposes to take to ensure that the percentage is reduced to 5% or less, and</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-33-1-c-iii">
<num>iii</num>
<content>
<p>as to the time when any proposed steps will be taken.</p>
</content>
</subparagraph>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-33-2">
<num>2</num>
<intro>
<p>
In sub-paragraph (1) “
<term refersTo="#term-employer-related-investments">employer-related investments</term>
” has the same meaning as in subsection (2) of section 40 of the 1995 Act but as if the following words in subsection (2) were omitted—
</p>
</intro>
<paragraph eId="schedule-3-paragraph-33-2-a">
<num>a</num>
<content>
<p>in paragraph (a) “or by any person who is connected with, or an associate of, the employer”, and</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-33-2-b">
<num>b</num>
<content>
<p>“or any such person” in each place where they occur.</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-3-paragraph-34" period="#period10">
<num>
<ins class="key-217a1e218faba3fac096955ed0a6cd4b-1433506032128 first">
<noteRef href="#key-217a1e218faba3fac096955ed0a6cd4b" marker="F12" class="commentary attribute F"/>
34
</ins>
</num>
<content>
<p>
<ins class="key-217a1e218faba3fac096955ed0a6cd4b-1433506032128 last">Where the scheme is a relevant scheme within the meaning of the Occupational Pension Schemes (Scheme Administration) Regulations 1996, the statement which the trustees or managers are required to prepare by regulation 23 of those Regulations (annual statement regarding governance).</ins>
</p>
</content>
</paragraph>
</part>
<part eId="schedule-3-part-6" period="#period20">
<num>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437 first">
<noteRef href="#key-5c76756258efee023b74b3cf06861db6" marker="F68" class="commentary attribute F"/>
PART
</ins>
 
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">6</ins>
</num>
<heading>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">INFORMATION TO BE GIVEN ABOUT POOLED FUNDS</ins>
</heading>
<paragraph eId="schedule-3-paragraph-35" period="#period20">
<num>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">35</ins>
</num>
<subparagraph eId="schedule-3-paragraph-35-1">
<num>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">1</ins>
</num>
<intro>
<p>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">A statement identifying in relation to the provision of money purchase benefits to the member—</ins>
</p>
</intro>
<paragraph eId="schedule-3-paragraph-35-1-a">
<num>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">a</ins>
</num>
<content>
<p>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">the international securities identification number (“the ISIN”) allocated in accordance with ISO 6166 (1st edition) published by the International Organisation for Standardisation on 31st August 2013 in relation to each collective investment scheme in which assets are directly invested on behalf of that member on the relevant date;</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-35-1-b">
<num>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">b</ins>
</num>
<content>
<p>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">in the case of each unit-linked contract entered into by or on behalf of the trustees or managers which is in force on the relevant date in relation to that member, the ISIN (where present) relating to each collective investment scheme directly attributable to that contract; and</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-35-1-c">
<num>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">c</ins>
</num>
<content>
<p>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">the name given by the manager of the collective investment scheme to the scheme to which an ISIN provided in accordance with sub-paragraph (a) or (b) relates.</ins>
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-35-2">
<num>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">2</ins>
</num>
<intro>
<p>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">In this paragraph—</ins>
</p>
</intro>
<paragraph eId="schedule-3-paragraph-35-2-a">
<num>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">a</ins>
</num>
<content>
<p>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">“collective investment scheme” has the meaning given in regulation 1(2) (interpretation) of the Occupational Pension Schemes (Investment) Regulations 2005; and</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-35-2-b">
<num>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">b</ins>
</num>
<intro>
<p>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">“the relevant date” means—</ins>
</p>
</intro>
<subparagraph eId="schedule-3-paragraph-35-2-b-i">
<num>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">i</ins>
</num>
<content>
<p>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">the date the request is made under regulation 12A; or</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-35-2-b-ii">
<num>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">ii</ins>
</num>
<intro>
<p>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">such earlier date as the trustees or managers of the scheme may specify which meets the following conditions—</ins>
</p>
</intro>
<clause eId="schedule-3-paragraph-35-2-b-ii-aa">
<num>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">aa</ins>
</num>
<content>
<p>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">the date must be no more than 6 months before the date of the request; and</ins>
</p>
</content>
</clause>
<clause eId="schedule-3-paragraph-35-2-b-ii-bb">
<num>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437">bb</ins>
</num>
<content>
<p>
<ins class="key-5c76756258efee023b74b3cf06861db6-1565941362437 last">the trustees or managers of the scheme must be satisfied that the investment options in which the assets of the member were invested on the date specified are the same as those in which the member is invested on the date of the request.</ins>
</p>
</content>
</clause>
</subparagraph>
</paragraph>
</subparagraph>
</paragraph>
</part>
</hcontainer>
<hcontainer name="schedule" eId="schedule-4" period="#period5">
<num>
SCHEDULE 4
<authorialNote class="referenceNote" placement="right">
<p> Regulation 15(1)</p>
</authorialNote>
</num>
<heading>Summary funding statements</heading>
<paragraph eId="schedule-4-paragraph-1" period="#period1">
<num>1</num>
<intro>
<p>A summary that—</p>
</intro>
<paragraph eId="schedule-4-paragraph-1-a">
<num>a</num>
<content>
<p>explains the extent to which the assets of the scheme are adequate to cover its technical provisions, and</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-1-b">
<num>b</num>
<intro>
<p>is based on—</p>
</intro>
<subparagraph eId="schedule-4-paragraph-1-b-i">
<num>i</num>
<content>
<p>the last actuarial valuation under section 224 of the 2004 Act received by the trustees or managers of the scheme, and</p>
</content>
</subparagraph>
<subparagraph eId="schedule-4-paragraph-1-b-ii">
<num>ii</num>
<content>
<p>any actuarial report under that provision they have received since that actuarial valuation.</p>
</content>
</subparagraph>
</paragraph>
</paragraph>
<paragraph eId="schedule-4-paragraph-2" period="#period1">
<num>2</num>
<intro>
<p>In the case of the first summary funding statement issued in respect of the scheme, an explanation of the changes in the funding position of the scheme since—</p>
</intro>
<paragraph eId="schedule-4-paragraph-2-a">
<num>a</num>
<content>
<p>the last actuarial valuation of the scheme under section 224(1)(a) of the 2004 Act, or</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-2-b">
<num>b</num>
<content>
<p>if no such valuation was obtained, the last actuarial valuation under the scheme rules.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-4-paragraph-3" period="#period1">
<num>3</num>
<content>
<p>In the case of any subsequent summary funding statement, an explanation of any change in the funding position of the scheme since the date of the previous summary funding statement.</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-4" period="#period1">
<num>4</num>
<content>
<p>The actuary's estimate of solvency contained in the last actuarial valuation under section 224 of the 2004 Act received by the trustees or managers of the scheme.</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-5" period="#period1">
<num>5</num>
<content>
<p>A summary of any recovery plan prepared under section 226 of the 2004 Act that is currently in force.</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-6" period="#period1">
<num>6</num>
<intro>
<p>A statement explaining—</p>
</intro>
<paragraph eId="schedule-4-paragraph-6-a">
<num>a</num>
<content>
<p>whether the scheme has been modified under section 231(2)(a) of the 2004 Act,</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-6-b">
<num>b</num>
<content>
<p>whether the scheme is subject to directions by the Regulator under section 231(2)(b) of the 2004 Act, and</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-6-c">
<num>c</num>
<content>
<p>whether the scheme is bound by a schedule of contributions imposed by the Regulator under section 231(2)(c) of the 2004 Act.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-4-paragraph-7" period="#period1">
<num>7</num>
<content>
<p>Where there has been a modification, directions or a schedule of contributions referred to in paragraph 6, a summary of the circumstances in which they were made.</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-8" period="#period1">
<num>8</num>
<intro>
<p>
A statement explaining whether any payment to the employer under section 37 of the 1995 Act
<noteRef href="#c2193114" marker="M41" class="commentary M"/>
(payment of surplus to employer) has been made—
</p>
</intro>
<paragraph eId="schedule-4-paragraph-8-a">
<num>a</num>
<content>
<p>in the case of the first summary funding statement issued in respect of the scheme, in the 12 months before the date on which that statement is prepared, and</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-8-b">
<num>b</num>
<content>
<p>in the case of any subsequent summary funding statement issued in respect of the scheme, since the date of the last such statement.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-4-paragraph-9" period="#period1">
<num>9</num>
<content>
<p>Where a payment referred to in paragraph 8 has been made, the amount of that payment.</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="schedule" eId="schedule-5" period="#period5">
<num>
SCHEDULE 5
<authorialNote class="referenceNote" placement="right">
<p> Regulation 16(2)</p>
</authorialNote>
</num>
<heading>Statements of benefits: non money purchase benefits</heading>
<part eId="schedule-5-part-1" period="#period1">
<num>
<strong>PART 1</strong>
</num>
<heading>Information for active members</heading>
<paragraph eId="schedule-5-paragraph-1" period="#period1">
<num>1</num>
<content>
<p>The amount of any benefits (and how they are calculated) that would be payable on a date specified by the trustees or managers of the scheme if the member of the scheme were to die in service.</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-2" period="#period1">
<num>2</num>
<intro>
<p>One of the following amounts, chosen by the trustees or managers of the scheme, of the member's benefits and survivors' benefits calculated without regard to possible increases in the member's salary—</p>
</intro>
<paragraph eId="schedule-5-paragraph-2-a">
<num>a</num>
<content>
<p>the amounts that would be payable from the date benefits are payable if pensionable service were to end on a date specified by the trustees or managers of the scheme,</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-2-b">
<num>b</num>
<content>
<p>the amounts that would be payable from the date benefits are payable if pensionable service were to end on the member attaining normal pension age, or</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-2-c">
<num>c</num>
<content>
<p>the amounts that would be payable from the date benefits are payable if pensionable service were to end on a date agreed between the member and the trustees or managers of the scheme.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-5-paragraph-3" period="#period1">
<num>3</num>
<content>
<p>The amount of the member's pensionable remuneration on a date specified by the trustees or managers of the scheme.</p>
</content>
</paragraph>
</part>
<part eId="schedule-5-part-2" period="#period5">
<num>
<strong>PART 2</strong>
</num>
<heading>Information for active and deferred members</heading>
<paragraph eId="schedule-5-paragraph-4" period="#period1">
<num>4</num>
<content>
<p>The date on which the member's pensionable service started.</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-5" period="#period1">
<num>5</num>
<content>
<p>A summary of the method for calculating the member's benefits and any survivors' benefits.</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-6" period="#period1">
<num>6</num>
<content>
<p>Details of how any deduction from benefits is calculated.</p>
</content>
</paragraph>
</part>
<part eId="schedule-5-part-3" period="#period1">
<num>
<strong>PART 3</strong>
</num>
<heading>Information for deferred members</heading>
<paragraph eId="schedule-5-paragraph-7" period="#period1">
<num>7</num>
<content>
<p>The date the member's pensionable service ended.</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-8" period="#period1">
<num>8</num>
<content>
<p>The amount of the member's benefits and survivors' benefits payable from the date benefits are payable.</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-9" period="#period1">
<num>9</num>
<content>
<p>The amount of the member's pensionable remuneration on the date pensionable service ended.</p>
</content>
</paragraph>
</part>
<part eId="schedule-5-part-4" period="#period1">
<num>
<strong>PART 4</strong>
</num>
<heading>Information for pension credit members</heading>
<paragraph eId="schedule-5-paragraph-10" period="#period1">
<num>10</num>
<content>
<p>The amount of the member's benefits and survivors' benefits payable from the date benefits are payable.</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-11" period="#period1">
<num>11</num>
<content>
<p>A summary of the method for calculating the member's benefits and any survivors' benefits.</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-12" period="#period1">
<num>12</num>
<content>
<p>Details of how any deduction from benefits is calculated.</p>
</content>
</paragraph>
</part>
</hcontainer>
<hcontainer name="schedule" eId="schedule-6" period="#period21">
<num>
SCHEDULE 6
<authorialNote class="referenceNote" placement="right">
<p> Regulation 17</p>
</authorialNote>
</num>
<heading>
Statements of benefits: money purchase benefits
<ins class="key-8de9581647c8cf681b790e0f5a05e00b-1433498137150 first last">
<noteRef href="#key-8de9581647c8cf681b790e0f5a05e00b" marker="F7" class="commentary attribute F"/>
and cash balance benefits
</ins>
</heading>
<part eId="schedule-6-part-1" period="#period21">
<num>
<strong>PART 1</strong>
</num>
<heading>Information for all money purchase members</heading>
<paragraph eId="schedule-6-paragraph-1" period="#period1">
<num>1</num>
<intro>
<p>The amount of contributions (before any deductions are made) credited to the member under the scheme during—</p>
</intro>
<paragraph eId="schedule-6-paragraph-1-a">
<num>a</num>
<intro>
<p>in the case of an occupational pension scheme—</p>
</intro>
<subparagraph eId="schedule-6-paragraph-1-a-i">
<num>i</num>
<content>
<p>the immediately preceding scheme year, and</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-1-a-ii">
<num>ii</num>
<intro>
<p>the scheme year mentioned in regulation 17(9)(a) if—</p>
</intro>
<clause eId="schedule-6-paragraph-1-a-ii-aa">
<num>aa</num>
<content>
<p>contributions have been credited during that year, and</p>
</content>
</clause>
<clause eId="schedule-6-paragraph-1-a-ii-bb">
<num>bb</num>
<content>
<p>the information relating to that year has not been given, and</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-1-b">
<num>b</num>
<content>
<p>in the case of a personal pension scheme, the 12 months immediately preceding a date specified by the managers of the scheme.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-2" period="#period1">
<num>
<noteRef href="#key-228f5fa77a366b8b6d3945b814d88b41" marker="F1" class="commentary F"/>
2
</num>
<intro>
<p>Where an occupational pension scheme was a contracted-out scheme at any time before the abolition date—</p>
</intro>
<paragraph eId="schedule-6-paragraph-2-a">
<num>a</num>
<content>
<p>the date of birth used in determining the appropriate age-related percentage for the purposes of section 42A of the 1993 Act (reduced rate of Class 1 contributions, and rebates),</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-2-b">
<num>b</num>
<content>
<p>the name and postal or electronic address of a person who can be contacted if the date of birth is incorrect, and</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-2-c">
<num>c</num>
<intro>
<p>the amount of the contributions referred to in paragraph 1 paid to the scheme in respect of the member during the scheme years referred to in that paragraph which is attributable to—</p>
</intro>
<subparagraph eId="schedule-6-paragraph-2-c-i">
<num>i</num>
<content>
<p>the minimum payments made by the member’s employer,</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-2-c-ii">
<num>ii</num>
<content>
<p>any payments made by the Secretary of State in accordance with section 7(1) of the Social Security Act 1986 (schemes becoming contracted-out between 1986 and 1993),</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-2-c-iii">
<num>iii</num>
<content>
<p>any age-related payments made by the Secretary of State in accordance with section 42A(3) of the 1993 Act.</p>
</content>
</subparagraph>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-3" period="#period1">
<num>
<noteRef href="#key-228f5fa77a366b8b6d3945b814d88b41" marker="F1" class="commentary F"/>
3
</num>
<subparagraph eId="schedule-6-paragraph-3-1">
<num>1</num>
<intro>
<p>Where a personal pension scheme was an appropriate scheme at any time before the abolition date—</p>
</intro>
<paragraph eId="schedule-6-paragraph-3-1-a">
<num>a</num>
<content>
<p>the date of birth used in determining the appropriate age-related percentage for the purposes of section 45(1) of the 1993 Act (amount of minimum contributions),</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-3-1-b">
<num>b</num>
<content>
<p>the name and postal or electronic address of any person who can be contacted if the date of birth is incorrect, and</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-3-1-c">
<num>c</num>
<content>
<p>the amount of the minimum contributions paid by the Secretary of State in respect of the member during the 12 months preceding a specified date that are attributable to section 45(1) of the 1993 Act identifying separately that part of the contributions that is attributable to tax relief on the employee’s share of minimum contributions, being the difference between that share and the grossed-up equivalent of that share.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-3-2">
<num>2</num>
<content>
<p>In sub-paragraph (1)(c), the expressions “employee’s share” and “grossed-up equivalent” have the meanings given to them by section 202(3) and (4) of the Finance Act 2004 (minimum contributions under pensions legislation).</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-4" period="#period1">
<num>4</num>
<content>
<p>The value of the member's accrued rights under the scheme at a date specified by the trustees or managers of the scheme.</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-5" period="#period1">
<num>5</num>
<intro>
<p>Any cash equivalent in respect of the transfer of the member's rights mentioned in paragraph 4 that would be different from the values to be specified, at the date specified, under that paragraph, calculated in accordance with—</p>
</intro>
<paragraph eId="schedule-6-paragraph-5-a">
<num>a</num>
<content>
<p>sections 97 and 101I of the 1993 Act (calculation of cash equivalents), in the case of an occupational pension scheme, or</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-5-b">
<num>b</num>
<content>
<p>
regulations 3 and 4 of the Personal Pension Schemes (Transfer Values) Regulations 1987
<noteRef href="#c2193119" marker="M42" class="commentary M"/>
(calculation, verification and increases of cash equivalents), in the case of a personal pension scheme.
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-5A" period="#period20">
<num>
<ins class="key-e06366000ed067b31ea02725d556e785-1565941625431 first">
<noteRef href="#key-e06366000ed067b31ea02725d556e785" marker="F69" class="commentary attribute F"/>
5A
</ins>
</num>
<content>
<p>
<ins class="key-e06366000ed067b31ea02725d556e785-1565941625431">Where the scheme is a relevant scheme within the meaning of the Occupational Pension Schemes (Scheme Administration) Regulations 1996, details of how the member may obtain on request the information specified in paragraph 35 of Schedule 3 (information to be given about pooled funds).</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-5B" period="#period21">
<num>
<ins class="key-e06366000ed067b31ea02725d556e785-1565941625431">5B</ins>
</num>
<intro>
<p>
<ins class="key-e06366000ed067b31ea02725d556e785-1565941625431">In relation to the information that must be published on a website in accordance with regulation 29A(2) (publishing charges and transaction costs)—</ins>
</p>
</intro>
<paragraph eId="schedule-6-paragraph-5B-a">
<num>
<ins class="key-e06366000ed067b31ea02725d556e785-1565941625431">a</ins>
</num>
<content>
<p>
<ins class="key-e06366000ed067b31ea02725d556e785-1565941625431">the information specified in sub-paragraphs (a) to (d) of regulation 27(2) (provision of information on a website); and</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-5B-b">
<num>
<ins class="key-e06366000ed067b31ea02725d556e785-1565941625431">b</ins>
</num>
<content>
<p>
<ins class="key-e06366000ed067b31ea02725d556e785-1565941625431 last">a statement explaining the circumstances in which the information will be provided on request in hard copy form.</ins>
</p>
</content>
</paragraph>
</paragraph>
</part>
<part eId="schedule-6-part-2" period="#period8">
<num>
<strong>PART 2</strong>
</num>
<heading>Pension illustration</heading>
<paragraph eId="schedule-6-paragraph-6" period="#period8">
<num>6</num>
<subparagraph eId="schedule-6-paragraph-6-1">
<num>1</num>
<intro>
<p>
<ins class="key-0bcb180b84f21d1df30081a7c4060425-1433499400022 first last">
<noteRef href="#key-0bcb180b84f21d1df30081a7c4060425" marker="F11" class="commentary attribute F"/>
For money purchase benefits,
</ins>
an illustration of the amount of the pension—
</p>
</intro>
<paragraph eId="schedule-6-paragraph-6-1-a">
<num>a</num>
<content>
<p>that is calculated in accordance with paragraphs 7 and 8,</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-6-1-b">
<num>b</num>
<content>
<p>an entitlement to which would be likely to accrue to the member, or be capable of being secured by the member, at the member's retirement date, and</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-6-1-c">
<num>c</num>
<content>
<p>in respect of rights to money purchase benefits that may arise under the scheme.</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-6A" period="#period8">
<num>
<ins class="key-b9f957baddadf628592c45f89020acf8-1433498222809 first">
<noteRef href="#key-b9f957baddadf628592c45f89020acf8" marker="F8" class="commentary attribute F"/>
6A
</ins>
</num>
<intro>
<p>
<ins class="key-b9f957baddadf628592c45f89020acf8-1433498222809">For cash balance benefits, an illustration of the amount of the pension calculated—</ins>
</p>
</intro>
<paragraph eId="schedule-6-paragraph-6A-a">
<num>
<ins class="key-b9f957baddadf628592c45f89020acf8-1433498222809">a</ins>
</num>
<content>
<p>
<ins class="key-b9f957baddadf628592c45f89020acf8-1433498222809">in accordance with paragraph 7(1)(a)(ii) and (2);</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-6A-b">
<num>
<ins class="key-b9f957baddadf628592c45f89020acf8-1433498222809">b</ins>
</num>
<content>
<p>
<ins class="key-b9f957baddadf628592c45f89020acf8-1433498222809">in accordance with the rules of the scheme; and</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-6A-c">
<num>
<ins class="key-b9f957baddadf628592c45f89020acf8-1433498222809">c</ins>
</num>
<content>
<p>
<ins class="key-b9f957baddadf628592c45f89020acf8-1433498222809">where appropriate, in a manner consistent with the relevant guidance,</ins>
</p>
</content>
</paragraph>
<wrapUp>
<p>
<ins class="key-b9f957baddadf628592c45f89020acf8-1433498222809 last">that is likely to be secured by the member at the member’s normal pension age in respect of the member’s rights to cash balance benefits that have arisen or may arise under the scheme.</ins>
</p>
</wrapUp>
</paragraph>
<paragraph eId="schedule-6-paragraph-7" period="#period1">
<num>7</num>
<subparagraph eId="schedule-6-paragraph-7-1">
<num>1</num>
<intro>
<p>The amount referred to in paragraph 6 must be calculated—</p>
</intro>
<paragraph eId="schedule-6-paragraph-7-1-a">
<num>a</num>
<intro>
<p>by reference to—</p>
</intro>
<subparagraph eId="schedule-6-paragraph-7-1-a-i">
<num>i</num>
<content>
<p>the relevant guidance, and</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-7-1-a-ii">
<num>ii</num>
<content>
<p>the assumptions listed in paragraph 8,</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-7-1-b">
<num>b</num>
<content>
<p>having regard to the value of the member's accrued rights to money purchase benefits under the scheme on the illustration date.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-7-2">
<num>2</num>
<content>
<p>For the purposes of paragraph 6, the calculation of the amount of the pension may take account of a lump sum.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-8" period="#period1">
<num>8</num>
<subparagraph eId="schedule-6-paragraph-8-1">
<num>1</num>
<intro>
<p>The assumptions are—</p>
</intro>
<paragraph eId="schedule-6-paragraph-8-1-a">
<num>a</num>
<content>
<p>where the calculation relates to the rights of a non-contributing member, that no contributions will be made to the scheme by the member, or on the member's behalf, after the illustration date, or</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-8-1-b">
<num>b</num>
<intro>
<p>in any other case, that until the member's retirement date—</p>
</intro>
<subparagraph eId="schedule-6-paragraph-8-1-b-i">
<num>i</num>
<content>
<p>contributions to the scheme will be made by the member or on the member's behalf, and</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-8-1-b-ii">
<num>ii</num>
<content>
<p>the scheme will maintain its tax registration under section 153 of the Finance Act 2004.</p>
</content>
</subparagraph>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-8-2">
<num>2</num>
<content>
<p>
In this paragraph “
<term refersTo="#term-non-contributing-member">non-contributing member</term>
” means a member in respect of whom no further contributions to the scheme are due or expected after the illustration date.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-9" period="#period1">
<num>9</num>
<content>
<p>A statement that the information given under this Part is given only for the purposes of illustration and that it does not represent any promise or guarantee as to the amount of benefit that may be receivable by the member or a beneficiary of the scheme under the scheme.</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-10" period="#period1">
<num>10</num>
<content>
<p>A statement of how the person to whom the information given under this Part relates may obtain from the trustees or managers of the scheme further details about that information.</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-11" period="#period1">
<num>11</num>
<content>
<p>A statement that general assumptions have been made.</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-12" period="#period1">
<num>12</num>
<content>
<p>A statement that any amounts in the information given under this Part are expressed in today's prices.</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-13" period="#period1">
<num>13</num>
<content>
<p>The member's retirement date used for the purposes of the information given under this Part.</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-14" period="#period1">
<num>14</num>
<content>
<p>The illustration date used for the purposes of the information given under this Part.</p>
</content>
</paragraph>
</part>
<part eId="schedule-6-part-3" period="#period8">
<num>
<strong>PART 3</strong>
</num>
<heading>Further information to be given on pension illustration</heading>
<paragraph eId="schedule-6-paragraph-15" period="#period1">
<num>15</num>
<intro>
<p>A statement that—</p>
</intro>
<paragraph eId="schedule-6-paragraph-15-a">
<num>a</num>
<content>
<p>assumptions have been made about the nature of the investments made for the purposes of the member's money purchase benefits and their likely performance, and</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-15-b">
<num>b</num>
<content>
<p>those assumptions may not correspond with the investments actually made for those purposes or their actual performance.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-16" period="#period1">
<num>16</num>
<content>
<p>A statement that the amount of any pension payable under the scheme to or in respect of the member will depend on considerations (including the performance of investments and the cost of buying an annuity at the time the pension becomes payable) which may be different from any assumptions made.</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-16A" period="#period8">
<num>
<ins class="key-539c3dff02003eee91cc964018df6921-1433498269143 first">
<noteRef href="#key-539c3dff02003eee91cc964018df6921" marker="F9" class="commentary attribute F"/>
16A
</ins>
</num>
<content>
<p>
<ins class="key-539c3dff02003eee91cc964018df6921-1433498269143 last">A statement that the amount of any pension payable under the scheme to or in respect of the member will depend on considerations (including the cost of buying an annuity at the time the pension becomes payable) which may be different from any assumptions made.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-17" period="#period1">
<num>17</num>
<intro>
<p>A statement of any—</p>
</intro>
<paragraph eId="schedule-6-paragraph-17-a">
<num>a</num>
<content>
<p>assumptions made relating to future contributions to the scheme,</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-17-b">
<num>b</num>
<content>
<p>assumptions made relating to the lump sum, the level of increases in the pension and the pension payable to the spouse or civil partner, and</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-17-c">
<num>c</num>
<content>
<p>changes to the assumptions mentioned in sub-paragraph (b) that were used for the previous information given under paragraph 6 of this Schedule.</p>
</content>
</paragraph>
</paragraph>
</part>
</hcontainer>
<hcontainer name="schedule" eId="schedule-7" period="#period13">
<num>
SCHEDULE 7
<authorialNote class="referenceNote" placement="right">
<p>
Regulations
<ins class="substitution key-52fef5ecf3e03ebf078c75bf9b9e9c11-1433508820148 first last">
<noteRef href="#key-52fef5ecf3e03ebf078c75bf9b9e9c11" marker="F17" class="commentary attribute F"/>
18A
</ins>
to 22 and 25(2)
</p>
</authorialNote>
</num>
<heading>Information to be given by schemes that relates to accessing benefits</heading>
<part eId="schedule-7-part-1" period="#period1">
<num>
<strong>PART 1</strong>
</num>
<heading>Information to be given to persons having an opportunity to select an annuity</heading>
<paragraph eId="schedule-7-paragraph-1" period="#period1">
<num>1</num>
<content>
<p>A statement that the person has an opportunity to select an annuity.</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-2" period="#period1">
<num>2</num>
<content>
<p>A statement that the person has an opportunity to select the provider of the annuity.</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-3" period="#period1">
<num>3</num>
<intro>
<p>A statement that different annuities have different features and different rates of payment including annuities that provide—</p>
</intro>
<paragraph eId="schedule-7-paragraph-3-a">
<num>a</num>
<content>
<p>the same payments every year,</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-3-b">
<num>b</num>
<content>
<p>increasing payments every year,</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-3-c">
<num>c</num>
<content>
<p>payments only for the person,</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-3-d">
<num>d</num>
<content>
<p>payments for the person's spouse or civil partner,</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-3-e">
<num>e</num>
<content>
<p>a guarantee on the early death of the person.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-4" period="#period1">
<num>4</num>
<intro>
<p>Either—</p>
</intro>
<paragraph eId="schedule-7-paragraph-4-a">
<num>a</num>
<content>
<p>an explanation of the characteristic features of the annuities referred to in paragraph 3, or</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-4-b">
<num>b</num>
<content>
<p>a copy of guidance giving that explanation that has been prepared or approved by the Regulator.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-5" period="#period1">
<num>5</num>
<content>
<p>A statement that the person should consider taking advice about which annuity is most suitable for them.</p>
</content>
</paragraph>
</part>
<part eId="schedule-7-part-2" period="#period6">
<num>
<strong>PART 2</strong>
</num>
<heading>Information on accessing benefits for members and survivors</heading>
<paragraph eId="schedule-7-paragraph-6" period="#period1">
<num>6</num>
<content>
<p>The amount of benefit that is payable.</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-7" period="#period1">
<num>7</num>
<intro>
<p>If benefit is payable periodically—</p>
</intro>
<paragraph eId="schedule-7-paragraph-7-a">
<num>a</num>
<content>
<p>any conditions for continuing to make the payments, and</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-7-b">
<num>b</num>
<content>
<p>any provisions which would allow the payments to be altered.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-8" period="#period1">
<num>8</num>
<content>
<p>Any rights and options that persons have on the death of the member or beneficiary of the scheme.</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-9" period="#period1">
<num>9</num>
<content>
<p>Any procedures for exercising the rights and options referred to in paragraph 8.</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-10" period="#period6">
<num>10</num>
<content>
<p>The provisions (or, as the case may be, a statement that there are no provisions) under which the pension payable to the survivor of a member or beneficiary of the scheme may or will be increased and the extent to which such increases are dependent on the exercise of a discretion.</p>
</content>
</paragraph>
</part>
<part eId="schedule-7-part-3" period="#period10">
<num>
<ins class="key-6d39dd607f186fdf03c7d02606689d35-1433508908322 first">
<noteRef href="#key-6d39dd607f186fdf03c7d02606689d35" marker="F18" class="commentary attribute F"/>
Part 3
</ins>
</num>
<heading>
<ins class="key-6d39dd607f186fdf03c7d02606689d35-1433508908322">Information to be Given to Members Having an Opportunity to Transfer Flexible Benefits</ins>
</heading>
<paragraph eId="schedule-7-paragraph-11" period="#period10">
<num>
<ins class="key-6d39dd607f186fdf03c7d02606689d35-1433508908322">11</ins>
</num>
<content>
<p>
<ins class="key-6d39dd607f186fdf03c7d02606689d35-1433508908322">A statement that the member has an opportunity to transfer flexible benefits to one or more different pension providers.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-12" period="#period10">
<num>
<ins class="key-6d39dd607f186fdf03c7d02606689d35-1433508908322">12</ins>
</num>
<content>
<p>
<ins class="key-6d39dd607f186fdf03c7d02606689d35-1433508908322">A statement that different pension providers offer different options in relation to what the member can do with the flexible benefits, including the option to select an annuity.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-13" period="#period10">
<num>
<ins class="key-6d39dd607f186fdf03c7d02606689d35-1433508908322">13</ins>
</num>
<content>
<p>
<ins class="key-6d39dd607f186fdf03c7d02606689d35-1433508908322">A statement that different options have different features, different rates of payment, different charges and different tax implications.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-14" period="#period10">
<num>
<ins class="key-6d39dd607f186fdf03c7d02606689d35-1433508908322">14</ins>
</num>
<intro>
<p>
<ins class="key-6d39dd607f186fdf03c7d02606689d35-1433508908322">Either—</ins>
</p>
</intro>
<paragraph eId="schedule-7-paragraph-14-a">
<num>
<ins class="key-6d39dd607f186fdf03c7d02606689d35-1433508908322">a</ins>
</num>
<content>
<p>
<ins class="key-6d39dd607f186fdf03c7d02606689d35-1433508908322">a copy of guidance that explains the characteristic features of the options referred to in paragraph 13 that has been prepared or approved by the Regulator; or</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-14-b">
<num>
<ins class="key-6d39dd607f186fdf03c7d02606689d35-1433508908322">b</ins>
</num>
<content>
<p>
<ins class="key-6d39dd607f186fdf03c7d02606689d35-1433508908322 last">a statement that gives materially the same information as that guidance.</ins>
</p>
</content>
</paragraph>
</paragraph>
</part>
</hcontainer>
<hcontainer name="schedule" eId="schedule-8" period="#period6">
<num>
SCHEDULE 8
<authorialNote class="referenceNote" placement="right">
<p> Regulations 23(3), 24(2) and 25(2)</p>
</authorialNote>
</num>
<heading>Information to be given by schemes about winding up</heading>
<part eId="schedule-8-part-1" period="#period6">
<num>
<strong>PART 1</strong>
</num>
<heading>Information to be given by occupational pension schemes during winding up</heading>
<paragraph eId="schedule-8-paragraph-1" period="#period1">
<num>1</num>
<content>
<p>A statement that the scheme is being wound up.</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-2" period="#period1">
<num>2</num>
<content>
<p>The reasons why the scheme is being wound up.</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-3" period="#period1">
<num>3</num>
<content>
<p>
Where section 22 of the 1995 Act
<noteRef href="#c2193120" marker="M43" class="commentary M"/>
(circumstances in which following provisions apply) applies, a statement that at least one of the trustees of the scheme are required to be an independent person by section 23 of that Act
<noteRef href="#c2193121" marker="M44" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-4" period="#period1">
<num>4</num>
<content>
<p>In the case of active members, whether death in service benefits will continue to be payable.</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-5" period="#period1">
<num>5</num>
<intro>
<p>A summary of the action that is being taken, and that has been taken, to—</p>
</intro>
<paragraph eId="schedule-8-paragraph-5-a">
<num>a</num>
<content>
<p>establish the scheme's liabilities, and</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-5-b">
<num>b</num>
<content>
<p>recover any assets.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-8-paragraph-6" period="#period1">
<num>6</num>
<intro>
<p>An estimate of when—</p>
</intro>
<paragraph eId="schedule-8-paragraph-6-a">
<num>a</num>
<content>
<p>the scheme's liabilities are likely to be established, and</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-6-b">
<num>b</num>
<content>
<p>any assets are likely to be recovered.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-8-paragraph-7" period="#period6">
<num>7</num>
<intro>
<p>Either—</p>
</intro>
<paragraph eId="schedule-8-paragraph-7-a">
<num>a</num>
<content>
<p>an indication of the extent to which (if at all) the actuarial value of accrued rights or benefits are likely to be reduced, or</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-7-b">
<num>b</num>
<content>
<p>a statement that there is insufficient information to provide such an indication.</p>
</content>
</paragraph>
</paragraph>
</part>
<part eId="schedule-8-part-2" period="#period1">
<num>
<strong>PART 2</strong>
</num>
<heading>Information to be given by occupational pension schemes after winding up</heading>
<paragraph eId="schedule-8-paragraph-8" period="#period1">
<num>8</num>
<content>
<p>Whether the member or beneficiary's benefits are reduced because the scheme's resources are not sufficient to meet its liabilities.</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-9" period="#period1">
<num>9</num>
<content>
<p>The amount of any reduction of the member's, or beneficiary's, benefits.</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-10" period="#period1">
<num>10</num>
<content>
<p>Who has or will become liable for the payment of the member's, or beneficiary's, benefits.</p>
</content>
</paragraph>
</part>
<part eId="schedule-8-part-3" period="#period1">
<num>
<strong>PART 3</strong>
</num>
<heading>Information to be given by personal pension schemes after winding up</heading>
<paragraph eId="schedule-8-paragraph-11" period="#period1">
<num>11</num>
<subparagraph eId="schedule-8-paragraph-11-1">
<num>1</num>
<intro>
<p>The amount of—</p>
</intro>
<paragraph eId="schedule-8-paragraph-11-1-a">
<num>a</num>
<content>
<p>contributions (before the making of any deductions), including a nil amount, credited to the member under the scheme during the period of 12 months preceding a date specified by the managers of the scheme, and</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-11-1-b">
<num>
<noteRef href="#key-5e9b8703b145e8c01a6c7e5c380a9002" marker="F2" class="commentary F"/>
b
</num>
<content>
<p>where the scheme was, at any time before the abolition date, an appropriate scheme the minimum contributions paid by the Secretary of State in respect of the member in that 12 month period that is attributable to section 45(1) of the 1993 Act identifying separately that part of the contributions that is attributable to tax relief on the employee's share of minimum contributions, being the difference between that share and the grossed-up equivalent of that share.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-8-paragraph-11-2">
<num>
<noteRef href="#key-2537de55c538bd8e934f324ed4a8d9d1" marker="F3" class="commentary F"/>
2
</num>
<content>
<p>In sub-paragraph (1)(b) the expressions “employee’s share” and “grossed-up equivalent” have the meanings given to them by section 202(3) and (4) of the Finance Act 2004 (minimum contributions under pensions legislation).</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-8-paragraph-12" period="#period1">
<num>12</num>
<intro>
<p>At a date specified by the managers of the scheme —</p>
</intro>
<paragraph eId="schedule-8-paragraph-12-a">
<num>a</num>
<content>
<p>the value of the member's accrued rights under the scheme, and</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-12-b">
<num>b</num>
<content>
<p>if different, the value of the cash equivalent calculated in accordance with regulations 3 and 4 of the Personal Pension Schemes (Transfer Values) Regulations 1987.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-8-paragraph-13" period="#period1">
<num>13</num>
<content>
<p>The options available to a member for preserving, transferring or otherwise disposing of the member's accrued rights under the scheme.</p>
</content>
</paragraph>
<paragraph eId="schedule-8-paragraph-14" period="#period1">
<num>14</num>
<content>
<p>An account of the amount by which the member's accrued rights have been reduced and of the action taken by the managers of the scheme, or which is open to the member to take, in order, so far as may be possible, to restore the value of the member's accrued rights under the scheme.</p>
</content>
</paragraph>
</part>
<part eId="schedule-8-part-4" period="#period1">
<num>
<strong>PART 4</strong>
</num>
<heading>Report under section 72A of the 1995 Act</heading>
<paragraph eId="schedule-8-paragraph-15" period="#period1">
<num>15</num>
<content>
<p>
Where a report has been made to the Regulator under section 72A of the 1995 Act
<noteRef href="#c2193122" marker="M45" class="commentary M"/>
(reports about winding up), a copy of that report.
</p>
</content>
</paragraph>
</part>
<part eId="schedule-8-part-5" period="#period1">
<num>
<strong>PART 5</strong>
</num>
<heading>Information on expected benefits</heading>
<paragraph eId="schedule-8-paragraph-16" period="#period1">
<num>16</num>
<content>
<p>An estimate of the amount of the member's and beneficiary's benefits that are expected to be payable from normal pension age or death.</p>
</content>
</paragraph>
</part>
</hcontainer>
<hcontainer name="schedule" eId="schedule-9" period="#period1">
<num>
SCHEDULE 9
<authorialNote class="referenceNote" placement="right">
<p> Regulation 1(4)</p>
</authorialNote>
</num>
<heading>Amendments to Regulations</heading>
<paragraph eId="schedule-9-paragraph-1" period="#period1">
<num>1</num>
<heading>The Occupational Pension Schemes (Preservation of Benefit) Regulations 1991</heading>
<subparagraph eId="schedule-9-paragraph-1-1">
<num>1</num>
<content>
<p>
The Occupational Pension Schemes (Preservation of Benefit) Regulations 1991
<noteRef href="#c2193123" marker="M46" class="commentary M"/>
are amended as follows.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-1-2">
<num>2</num>
<content>
<p>
After regulation 1(3)
<noteRef href="#c2193124" marker="M47" class="commentary M"/>
(interpretation) add—
</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary regulation main default" startQuote="" endQuote="">
<paragraph eId="d4e6071">
<num>4</num>
<content>
<p>Any information or documents required to be furnished under these Regulations to a person, may be given in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents).</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-1-3">
<num>3</num>
<content>
<p>
In regulation 9(6)(c)
<noteRef href="#c2193125" marker="M48" class="commentary M"/>
(bought out benefits), for “at his last known address” substitute
<mod>
<quotedText>“ in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-9-paragraph-2" period="#period1">
<num>2</num>
<heading>The Occupational Pension Schemes (Contracting-out) Regulations 1996</heading>
<intro>
<p>
In regulation 3(3) of the Occupational Pension Schemes (Contracting-out) Regulations 1996
<noteRef href="#c2193126" marker="M49" class="commentary M"/>
(notices by employers of intended election)—
</p>
</intro>
<paragraph eId="schedule-9-paragraph-2-a">
<num>a</num>
<content>
<p>for sub-paragraph (a)(i), substitute—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<clause eId="d4e6108">
<num>i</num>
<content>
<p>sending it to the earner in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents),</p>
</content>
</clause>
<clause eId="d4e6114">
<num>ia</num>
<content>
<p>delivering it to the earner, or</p>
</content>
</clause>
</quotedStructure>
</mod>
<inline name="AppendText">,</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-2-b">
<num>b</num>
<content>
<p>for sub-paragraph (b), substitute—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e6129">
<num>b</num>
<intro>
<p>to any other person, by—</p>
</intro>
<clause eId="d4e6135">
<num>i</num>
<content>
<p>sending it to that person in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013, or</p>
</content>
</clause>
<clause eId="d4e6141">
<num>ii</num>
<content>
<p>delivering it to that person.</p>
</content>
</clause>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-9-paragraph-3" period="#period1">
<num>3</num>
<heading>The Occupational Pension Schemes (Transfer Values) Regulations 1996</heading>
<content>
<p>
After regulation 11(6) of the Occupational Pension Schemes (Transfer Values) Regulations 1996
<noteRef href="#c2193127" marker="M50" class="commentary M"/>
(disclosure), add—
</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary regulation main default" startQuote="" endQuote="">
<paragraph eId="d4e6161">
<num>7</num>
<content>
<p>The trustees may provide any information or notification under this regulation in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents).</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-4" period="#period1">
<num>4</num>
<heading>The Occupational Pension Schemes (Requirement to obtain Audited Accounts and a Statement from the Auditor) Regulations 1996</heading>
<subparagraph eId="schedule-9-paragraph-4-1">
<num>1</num>
<content>
<p>
The Occupational Pension Schemes (Requirement to obtain Audited Accounts and a Statement from the Auditor) Regulations 1996
<noteRef href="#c2193128" marker="M51" class="commentary M"/>
are amended as follows.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-4-2">
<num>2</num>
<content>
<p>In regulation 2 (requirement of trustees or managers to obtain documents), after paragraph (2) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary regulation main default" startQuote="" endQuote="">
<paragraph eId="d4e6191">
<num>2AA</num>
<content>
<p>Information may be made available under paragraph (2) in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents).</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-4-3">
<num>3</num>
<intro>
<p>The Schedule (contents of accounts audited by the auditor of the scheme) is amended as follows—</p>
</intro>
<paragraph eId="schedule-9-paragraph-4-3-a">
<num>a</num>
<content>
<p>
at the beginning of paragraph 5
<noteRef href="#c2193129" marker="M52" class="commentary M"/>
insert
<mod>
<quotedText>“ Except in relation to a trust scheme that applies to earners in employments under different employers, ”</quotedText>
</mod>
, and
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-4-3-b">
<num>b</num>
<content>
<p>after paragraph 5 insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<hcontainer name="regulation" eId="d4e6223" period="#period1">
<num>5A</num>
<paragraph eId="d4e6227">
<num>1</num>
<content>
<p>Where the scheme is a trust scheme that applies to earners in employments under different employers, a statement in accordance with paragraph 5 or a statement—</p>
</content>
</paragraph>
<subparagraph eId="d4e6233">
<num>a</num>
<content>
<p>listing the 100 largest investments by value held by the scheme at the end of the scheme year and stating what percentage of the resources of the scheme each such investment represents;</p>
</content>
</subparagraph>
<subparagraph eId="d4e6239">
<num>b</num>
<content>
<p>identifying which of the investments mentioned in paragraph (a) are employer-related investments;</p>
</content>
</subparagraph>
<subparagraph eId="d4e6245">
<num>c</num>
<content>
<p>if, as at the end of the scheme year, more than 5 per cent of the resources of the scheme are invested in employer-related investments in contravention of section 40(1) of the Pensions Act 1995, listing the employer-related investments and the employer concerned.</p>
</content>
</subparagraph>
<paragraph eId="d4e6251">
<num>2</num>
<intro>
<p>
In sub-paragraph (1) “
<term refersTo="#term-employer-related-investments">employer-related investments</term>
” has the meaning as in section 40(2) of the Pensions Act 1995 but as if the following words were omitted from subsection (2)—
</p>
</intro>
<subparagraph eId="d4e6260">
<num>a</num>
<content>
<p>in paragraph (a) “or by any person who is connected with, or an associate of, the employer”; and</p>
</content>
</subparagraph>
<subparagraph eId="d4e6266">
<num>b</num>
<content>
<p>“or any such person” in each place where they occur.</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-9-paragraph-5" period="#period1">
<num>5</num>
<heading>The Occupational Pension Schemes (Winding Up) Regulations 1996</heading>
<subparagraph eId="schedule-9-paragraph-5-1">
<num>1</num>
<content>
<p>
The Occupational Pension Schemes (Winding Up) Regulations 1996
<noteRef href="#c2193130" marker="M53" class="commentary M"/>
are amended as follows.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-5-2">
<num>2</num>
<content>
<p>After regulation 7(10) (requirements applicable to notices of discharge under regulation 6), insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary regulation main default" startQuote="" endQuote="">
<paragraph eId="d4e6296">
<num>11</num>
<content>
<p>A discharge notice and any notice under paragraph (3) may be given in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-5-3">
<num>3</num>
<content>
<p>
In regulation 11(2) (records and information), after “in writing” insert
<mod>
<quotedText>“ in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents) ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-9-paragraph-6" period="#period1">
<num>6</num>
<heading>The Occupational Pension Schemes (Discharge of Liability) Regulations 1997</heading>
<content>
<p>
In regulation 6(5)(b)(ii) of the Occupational Pension Schemes (Discharge of Liability) Regulations 1997
<noteRef href="#c2193131" marker="M54" class="commentary M"/>
(further conditions on which liability may be discharged), for “at her or his last known address” substitute
<mod>
<quotedText>“ in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents) ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-7" period="#period1">
<num>7</num>
<heading>
The Pensions on Divorce
<abbr title="et cetera" xml:lang="la">etc.</abbr>
(Provision of Information) Regulations 2000
</heading>
<content>
<p>
After regulation 10 of the Pensions on Divorce
<abbr title="et cetera" xml:lang="la">etc.</abbr>
(Provision of Information) Regulations 2000
<noteRef href="#c2193132" marker="M55" class="commentary M"/>
(provision of information after receipt of an earmarking order) add—
</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary regulation main default" startQuote="" endQuote="">
<hcontainer name="regulation" eId="d4e6348">
<num>11</num>
<heading>Provision of information</heading>
<paragraph eId="d4e6352">
<num>1</num>
<content>
<p>Subject to paragraph (2) a person required to provide information under regulation 2, 4, 6, 7, 8 or 10 must provide that information in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents).</p>
</content>
</paragraph>
<paragraph eId="d4e6358">
<num>2</num>
<content>
<p>Information may be provided to the court by means of an electronic communication only where the court has given its permission.</p>
</content>
</paragraph>
<paragraph eId="d4e6364">
<num>3</num>
<content>
<p>
In this regulation “
<term refersTo="#term-electronic-communication">electronic communication</term>
” has the meaning given by the Electronic Communications Act 2000.
</p>
</content>
</paragraph>
</hcontainer>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-8" period="#period1">
<num>8</num>
<heading>The Pension Sharing (Pension Credit Benefit) Regulations 2000</heading>
<subparagraph eId="schedule-9-paragraph-8-1">
<num>1</num>
<content>
<p>
The Pension Sharing (Pension Credit Benefit) Regulations 2000
<noteRef href="#c2193133" marker="M56" class="commentary M"/>
are amended as follows.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-8-2">
<num>2</num>
<content>
<p>
In regulation 8(6)(a) (bought out benefits) for “sent to that person at his last known address” substitute
<mod>
<quotedText>“ given in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-8-3">
<num>3</num>
<content>
<p>
In regulation 10(5)(a) (transfer of a person's pension credit rights without consent) for “sent to that person at his last known address” substitute
<mod>
<quotedText>“ given in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-8-4">
<num>4</num>
<content>
<p>
In regulation 15(5)(b) (further conditions on which liability may be discharged) for “sent to that person at his last known address” substitute
<mod>
<quotedText>“ given in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-9-paragraph-9" period="#period1">
<num>9</num>
<heading>The Stakeholder Pension Schemes Regulations 2000</heading>
<subparagraph eId="schedule-9-paragraph-9-1">
<num>1</num>
<content>
<p>
The Stakeholder Pension Schemes Regulations 2000
<noteRef href="#c2193134" marker="M57" class="commentary M"/>
are amended as follows.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-9-2">
<num>2</num>
<intro>
<p>In regulation 1(3) (interpretation)—</p>
</intro>
<paragraph eId="schedule-9-paragraph-9-2-a">
<num>a</num>
<content>
<p>
in the definition of “illustration date” for “18(2A)” substitute
<mod>
<quotedText>“ 18A(2) ”</quotedText>
</mod>
,
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-9-2-b">
<num>b</num>
<intro>
<p>in the definition of “non-contributing member”—</p>
</intro>
<subparagraph eId="schedule-9-paragraph-9-2-b-i">
<num>i</num>
<content>
<p>omit paragraph (a), and</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-9-2-b-ii">
<num>ii</num>
<content>
<p>in paragraph (b) omit “in relation to a personal pension scheme,”,</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-9-paragraph-9-2-c">
<num>c</num>
<content>
<p>for the definition of “the relevant guidance” substitute—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<blockContainer class="BlockText">
<p>
<term refersTo="#term-relevant-guidance">relevant guidance</term>
” means the document entitled “AS TM1: Statutory Money Purchase Illustrations” that is adopted or prepared, and from time to time revised, by the Financial Reporting Council Limited;
</p>
</blockContainer>
</quotedStructure>
</mod>
<inline name="AppendText">, and</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-9-2-d">
<num>d</num>
<content>
<p>
in the definition of “retirement date” for “18(2A)” in each place where it appears substitute
<mod>
<quotedText>“ 18A(2) ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-9-3">
<num>3</num>
<intro>
<p>In regulation 18(7) (disclosure of information to members)—</p>
</intro>
<paragraph eId="schedule-9-paragraph-9-3-a">
<num>a</num>
<content>
<p>
after sub-paragraph (a) insert
<mod>
<quotedText>“ and ”</quotedText>
</mod>
,
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-9-3-b">
<num>b</num>
<content>
<p>after sub-paragraph (b)(ii) omit “and”, and</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-9-3-c">
<num>c</num>
<content>
<p>omit sub-paragraph (c).</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-9-4">
<num>4</num>
<intro>
<p>In regulation 18A—</p>
</intro>
<paragraph eId="schedule-9-paragraph-9-4-a">
<num>a</num>
<content>
<p>
in paragraph (1) at the beginning insert
<mod>
<quotedText>“ Subject to paragraph (1A) ”</quotedText>
</mod>
,
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-9-4-b">
<num>b</num>
<content>
<p>after paragraph (1) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e6540">
<num>1A</num>
<intro>
<p>The information mentioned in paragraph (1) need not but may, nevertheless, be given in respect of a statement year where—</p>
</intro>
<subparagraph eId="d4e6546">
<num>a</num>
<content>
<p>the statement year is the first to end on or after the date the person became a member of the scheme; and</p>
</content>
</subparagraph>
<subparagraph eId="d4e6552">
<num>b</num>
<intro>
<p>the end of that statement year falls at a time when—</p>
</intro>
<clause eId="d4e6558">
<num>i</num>
<content>
<p>no contributions have been credited to the scheme in respect of the person; or</p>
</content>
</clause>
<clause eId="d4e6564">
<num>ii</num>
<content>
<p>the person has the right to opt out of the scheme under section 8 of the Pensions Act 2008 (jobholder's right to opt out).</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="d4e6570">
<num>1B</num>
<intro>
<p>Where—</p>
</intro>
<subparagraph eId="d4e6576">
<num>a</num>
<content>
<p>the information is not provided to the person by virtue of paragraph (1A); and</p>
</content>
</subparagraph>
<subparagraph eId="d4e6582">
<num>b</num>
<content>
<p>contributions have been credited in respect of the member in respect of the statement year mentioned in paragraph (1A)(a),</p>
</content>
</subparagraph>
<wrapUp>
<p>it must be provided no later than the information that relates to the next following statement year.</p>
</wrapUp>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">,</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-9-4-c">
<num>c</num>
<content>
<p>after paragraph (2) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e6599">
<num>2A</num>
<content>
<p>For the purposes of paragraph (2), the calculation of the amount of the pension mentioned in paragraph (2) may take account of a lump sum.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">, and</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-9-4-d">
<num>d</num>
<intro>
<p>in paragraph (4)—</p>
</intro>
<subparagraph eId="schedule-9-paragraph-9-4-d-i">
<num>i</num>
<content>
<p>
after sub-paragraph (c) insert
<mod>
<quotedText>“ or ”</quotedText>
</mod>
,
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-9-4-d-ii">
<num>ii</num>
<content>
<p>after sub-paragraph (d) omit “or”, and</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-9-4-d-iii">
<num>iii</num>
<content>
<p>omit sub-paragraph (e).</p>
</content>
</subparagraph>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-9-5">
<num>5</num>
<intro>
<p>In regulation 18B—</p>
</intro>
<paragraph eId="schedule-9-paragraph-9-5-a">
<num>a</num>
<content>
<p>in paragraph (1)(b) omit the words from “of this regulation” to “relevant guidance”, and</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-9-5-b">
<num>b</num>
<content>
<p>omit paragraphs (3) and (4).</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-9-6">
<num>6</num>
<content>
<p>In regulation 18C (service of information by a scheme) for paragraph (4) substitute—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary regulation main default" startQuote="" endQuote="">
<paragraph eId="d4e6659">
<num>4</num>
<intro>
<p>Where—</p>
</intro>
<subparagraph eId="d4e6665">
<num>a</num>
<content>
<p>
a member or beneficiary was a member or beneficiary of the scheme on 1st
<sup/>
December 2010; and
</p>
</content>
</subparagraph>
<subparagraph eId="d4e6673">
<num>b</num>
<content>
<p>relevant information was not given by the trustees or managers of the scheme before that date by the methods described in paragraph (1)(b),</p>
</content>
</subparagraph>
<wrapUp>
<p>relevant information may not be furnished or given to the member or beneficiary in accordance with paragraph (1)(b) unless the trustees or managers of the scheme have given them the written notice referred to in paragraph (5).</p>
</wrapUp>
</paragraph>
<paragraph eId="d4e6681">
<num>4A</num>
<content>
<p>The written notice mentioned in paragraph (4) must not be given by the methods mentioned in paragraph (1)(b).</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-9-7">
<num>7</num>
<intro>
<p>In regulation 18E (provision of information on a website)—</p>
</intro>
<paragraph eId="schedule-9-paragraph-9-7-a">
<num>a</num>
<content>
<p>
in paragraph (1) for “this regulation sets” substitute
<mod>
<quotedText>“ this regulation and regulation 18F set ”</quotedText>
</mod>
,
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-9-7-b">
<num>b</num>
<content>
<p>for paragraph (2) substitute—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e6711">
<num>2</num>
<content>
<p>When a website is used for the first time to make available relevant information, a notification must be given to the recipient.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">,</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-9-7-c">
<num>c</num>
<content>
<p>for paragraph (4) substitute—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e6726">
<num>4</num>
<content>
<p>Subject to regulation 18F, each time a website is used at a subsequent time to make available information or documents, a notification must be given to the recipient.</p>
</content>
</paragraph>
<paragraph eId="d4e6732">
<num>4A</num>
<content>
<p>The notification referred to in paragraph (4) must state that the information or document is available on the website.</p>
</content>
</paragraph>
<paragraph eId="d4e6738">
<num>4B</num>
<content>
<p>The notifications mentioned in paragraphs (2) and (4) must not be given by making them available on a website.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">,</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-9-7-d">
<num>d</num>
<content>
<p>omit paragraph (6), and</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-9-7-e">
<num>e</num>
<content>
<p>
in paragraph (7) after “this regulation” insert
<mod>
<quotedText>“ and regulation 18F ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-9-8">
<num>8</num>
<content>
<p>After regulation 18E insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary regulation main default" startQuote="" endQuote="">
<hcontainer name="regulation" eId="d4e6771">
<num>18F</num>
<heading>Provision of information on a website: supplemental</heading>
<paragraph eId="d4e6775">
<num>1</num>
<content>
<p>The notification mentioned in regulation 18E(4) need not be given where paragraphs to (4) are satisfied.</p>
</content>
</paragraph>
<paragraph eId="d4e6781">
<num>2</num>
<intro>
<p>This paragraph is satisfied where—</p>
</intro>
<subparagraph eId="d4e6787">
<num>a</num>
<intro>
<p>the trustees or managers of the scheme have given the recipient at least two documents by either of the following methods—</p>
</intro>
<clause eId="d4e6793">
<num>i</num>
<content>
<p>given by hand, or</p>
</content>
</clause>
<clause eId="d4e6799">
<num>ii</num>
<content>
<p>sent to the recipient's last known postal address, and</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="d4e6805">
<num>b</num>
<intro>
<p>each of those documents—</p>
</intro>
<clause eId="d4e6811">
<num>i</num>
<content>
<p>asks the recipient to give their electronic address to the trustees or managers of the scheme except where the trustees or managers of the scheme do not have the facility for sending information or documents to that address, and</p>
</content>
</clause>
<clause eId="d4e6817">
<num>ii</num>
<content>
<p>states that the recipient may request in writing that information or documents are not given by means of an electronic communication.</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="d4e6823">
<num>3</num>
<intro>
<p>This paragraph is satisfied where—</p>
</intro>
<subparagraph eId="d4e6829">
<num>a</num>
<content>
<p>paragraph (2) is satisfied, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e6835">
<num>b</num>
<intro>
<p>the trustees or managers of the scheme have given the recipient, by either of the methods mentioned in paragraph (2)(a), a further document that—</p>
</intro>
<clause eId="d4e6841">
<num>i</num>
<content>
<p>meets the requirements of paragraph (2)(b), and</p>
</content>
</clause>
<clause eId="d4e6847">
<num>ii</num>
<content>
<p>states that further information and documents will be available to read on the website and that no further notifications will be sent to the recipient.</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="d4e6853">
<num>4</num>
<intro>
<p>This paragraph is satisfied where—</p>
</intro>
<subparagraph eId="d4e6859">
<num>a</num>
<content>
<p>paragraphs (2) and (3) are satisfied, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e6865">
<num>b</num>
<intro>
<p>the trustees or managers of the scheme—</p>
</intro>
<clause eId="d4e6871">
<num>i</num>
<content>
<p>do not know the recipient's electronic address or do not have the facility for sending information or documents to that address, and</p>
</content>
</clause>
<clause eId="d4e6877">
<num>ii</num>
<content>
<p>have not received a written request that information or documents are not given to the recipient by means of an electronic communication.</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="d4e6883">
<num>5</num>
<content>
<p>Where the information to be made available is that required by regulation 18A(1), the notification referred to in regulation 18E(4) need only be given as required by regulation 18A(1).</p>
</content>
</paragraph>
</hcontainer>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-9-9">
<num>9</num>
<intro>
<p>In paragraph 6 of Schedule 3 (information for members)—</p>
</intro>
<paragraph eId="schedule-9-paragraph-9-9-a">
<num>a</num>
<content>
<p>after sub-paragraph (c) omit “and”, and</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-9-9-b">
<num>b</num>
<content>
<p>for sub-paragraph (d) substitute—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e6910">
<num>d</num>
<content>
<p>a statement of any assumptions made relating to the lump sum, the level of increases in the pension and the pension payable to the spouse or civil partner, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e6916">
<num>e</num>
<content>
<p>a statement of any changes to the assumptions mentioned in sub-paragraph (d) that were used for the previous information given under regulation 18A(2).</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-9-paragraph-10" period="#period1">
<num>10</num>
<heading>The Personal Pension Schemes (Payments by Employers) Regulations 2000</heading>
<content>
<p>
After regulation 5A(5) of the Personal Pension Schemes (Payments by Employers) Regulations 2000
<noteRef href="#c2193135" marker="M58" class="commentary M"/>
(the issue of payment statements to an employee) add—
</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary regulation main default" startQuote="" endQuote="">
<paragraph eId="d4e6936">
<num>6</num>
<content>
<p>A statement referred to in paragraph (1) may be issued in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents).</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-11" period="#period1">
<num>11</num>
<heading>
The Occupational Pension Schemes (Winding Up Notices and Reports
<abbr title="et cetera" xml:lang="la">etc.</abbr>
) Regulations 2002
</heading>
<intro>
<p>
In regulation 8 of the Occupational Pension Schemes (Winding Up Notices and Reports
<abbr title="et cetera" xml:lang="la">etc.</abbr>
) Regulations 2002
<noteRef href="#c2193136" marker="M59" class="commentary M"/>
(applications to the Authority to modify schemes to secure winding up)—
</p>
</intro>
<paragraph eId="schedule-9-paragraph-11-a">
<num>a</num>
<content>
<p>
in paragraph (3)(a), for the words after “to all members of the scheme” substitute
<mod>
<quotedText>“ (except a member mentioned in paragraph (3A)) in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents), and ”</quotedText>
</mod>
, and
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-11-b">
<num>b</num>
<content>
<p>after paragraph (3), insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e6977">
<num>3A</num>
<intro>
<p>A member referred to in paragraph (3)(a) is a member—</p>
</intro>
<subparagraph eId="d4e6983">
<num>a</num>
<content>
<p>whose present postal address and electronic address is not known to the trustees or managers of the scheme, and</p>
</content>
</subparagraph>
<subparagraph eId="d4e6989">
<num>b</num>
<intro>
<p>in respect of whom the trustees or managers of the scheme have sent correspondence to their last known—</p>
</intro>
<clause eId="d4e6995">
<num>i</num>
<content>
<p>postal address and that correspondence has been returned, or</p>
</content>
</clause>
<clause eId="d4e7001">
<num>ii</num>
<content>
<p>electronic address and the trustees or managers of the scheme are satisfied that that correspondence has not been delivered.</p>
</content>
</clause>
</subparagraph>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-9-paragraph-12" period="#period1">
<num>12</num>
<heading>The Occupational Pension Schemes (Independent Trustee) Regulations 2005</heading>
<content>
<p>
After regulation 13(8) of the Occupational Pension Schemes (Independent Trustee) Regulations 2005
<noteRef href="#c2193137" marker="M60" class="commentary M"/>
(disclosure requirements and penalty) insert—
</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary regulation main default" startQuote="" endQuote="">
<paragraph eId="d4e7022">
<num>9</num>
<content>
<p>The appointed trustee may give any information under this regulation in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents).</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-13" period="#period1">
<num>13</num>
<heading>
The Occupational Pension Schemes (Winding up
<abbr title="et cetera" xml:lang="la">etc.</abbr>
) Regulations 2005
</heading>
<subparagraph eId="schedule-9-paragraph-13-1">
<num>1</num>
<content>
<p>
The Occupational Pension Schemes (Winding up
<abbr title="et cetera" xml:lang="la">etc.</abbr>
) Regulations 2005
<noteRef href="#c2193138" marker="M61" class="commentary M"/>
are amended as follows.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-13-2">
<num>2</num>
<content>
<p>
In regulation 6(6) (adjustments to discretionary awards) for “by post”, the first time it appears, substitute
<mod>
<quotedText>“ in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-13-3">
<num>3</num>
<content>
<p>
In regulation 7(6) (adjustments to survivors' benefits) for “by post”, the first time it appears, substitute
<mod>
<quotedText>“ in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-9-paragraph-14" period="#period1">
<num>14</num>
<heading>The Occupational Pension Schemes (Scheme Funding) Regulations 2005</heading>
<content>
<p>
In Schedule 3 to the Occupational Pension Schemes (Scheme Funding) Regulations 2005
<noteRef href="#c2193139" marker="M62" class="commentary M"/>
(supplementary and consequential provisions) omit paragraphs 2 and 3.
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-15" period="#period1">
<num>15</num>
<heading>The Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006</heading>
<content>
<p>
After regulation 11(2) of the Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006
<noteRef href="#c2193140" marker="M63" class="commentary M"/>
(requirement to provide information), add—
</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary regulation main default" startQuote="" endQuote="">
<paragraph eId="d4e7092">
<num>3</num>
<content>
<p>Information provided under this regulation may be provided in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents).</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-16" period="#period1">
<num>16</num>
<heading>The Occupational Pension Schemes (Payments to Employer) Regulations 2006</heading>
<subparagraph eId="schedule-9-paragraph-16-1">
<num>1</num>
<content>
<p>
The Occupational Pension Schemes (Payments to Employer) Regulations 2006
<noteRef href="#c2193141" marker="M64" class="commentary M"/>
are amended as follows.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-16-2">
<num>2</num>
<content>
<p>After regulation 10(3) (notification to members), add—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary regulation main default" startQuote="" endQuote="">
<paragraph eId="d4e7122">
<num>4</num>
<content>
<p>The trustees of the scheme may give the notice mentioned in paragraph (1) and provide a copy of the relevant valuation certificate mentioned in paragraph (2) in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents).</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-16-3">
<num>3</num>
<content>
<p>After regulation 15(5) (notice of proposal to distribute excess assets to the employer), add—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary regulation main default" startQuote="" endQuote="">
<paragraph eId="d4e7137">
<num>6</num>
<content>
<p>A notice under this regulation may be sent in accordance with regulations 26 to 28 (giving information and documents) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013.</p>
</content>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-9-paragraph-17" period="#period1">
<num>17</num>
<heading>The Application of Pension Legislation to the National Employment Savings Trust Corporation Regulations 2011</heading>
<content>
<p>
Omit regulations 2 and 3 of the Application of Pension Legislation to the National Employment Savings Trust Corporation Regulations 2011
<noteRef href="#c2193142" marker="M65" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-9-paragraph-18" period="#period1">
<num>18</num>
<heading>The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011</heading>
<subparagraph eId="schedule-9-paragraph-18-1">
<num>1</num>
<content>
<p>
The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011
<noteRef href="#c2193143" marker="M66" class="commentary M"/>
are amended as follows.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-18-2">
<num>2</num>
<content>
<p>Omit regulations 17 and 19.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-9-paragraph-18-3">
<num>3</num>
<content>
<p>For regulation 20(4) (amendment of the Stakeholder Pension Schemes Regulations 2000) substitute—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary regulation main default" startQuote="" endQuote="">
<paragraph eId="d4e7184">
<num>4</num>
<intro>
<p>In Schedule 3 (information for members)—</p>
</intro>
<subparagraph eId="d4e7190">
<num>a</num>
<content>
<p>in paragraph 1 omit sub-paragraph (d), and</p>
</content>
</subparagraph>
<subparagraph eId="d4e7196">
<num>b</num>
<content>
<p>in paragraph 2 omit sub-paragraphs (e), (f) and (g).</p>
</content>
</subparagraph>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
<hcontainer name="schedule" eId="schedule-10" period="#period10">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431 first">
<noteRef href="#key-34afea928eb8e4d3aa7f1131bcc96f60" marker="F14" class="commentary attribute F"/>
SCHEDULE 10
</ins>
<authorialNote class="referenceNote" placement="right">
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">Regulations 18A to 21</ins>
</p>
</authorialNote>
</num>
<heading>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">INFORMATION TO BE GIVEN ON THE PENSIONS GUIDANCE AND MEMBERS’ BENEFITS</ins>
</heading>
<part eId="schedule-10-part-1" period="#period10">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">Part 1</ins>
</num>
<heading>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">Information on the Pensions Guidance</ins>
</heading>
<paragraph eId="schedule-10-paragraph-1" period="#period10">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">1</ins>
</num>
<content>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">A statement that pensions guidance is available to help the person to understand their options in relation to what they can do with their flexible benefits.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-2" period="#period10">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">2</ins>
</num>
<content>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">A statement that the pensions guidance may be accessed on the internet, by phone, or face to face.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-3" period="#period10">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">3</ins>
</num>
<content>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">The phone number and website address at which the pensions guidance may be accessed and details of how the person may access the pensions guidance face to face.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-4" period="#period10">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">4</ins>
</num>
<content>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">A statement that the pensions guidance is free and impartial.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-5" period="#period10">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">5</ins>
</num>
<content>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">A statement that the person should access the pensions guidance and consider taking independent advice to help them decide which option is most suitable for them.</ins>
</p>
</content>
</paragraph>
</part>
<part eId="schedule-10-part-2" period="#period10">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">Part 2</ins>
</num>
<heading>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">Information on Members’ Benefits</ins>
</heading>
<paragraph eId="schedule-10-paragraph-6" period="#period10">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">6</ins>
</num>
<intro>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">An estimate of the cash equivalent of any of the member’s accrued rights to flexible benefits that—</ins>
</p>
</intro>
<paragraph eId="schedule-10-paragraph-6-a">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">a</ins>
</num>
<content>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">are transferrable rights; or</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-6-b">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">b</ins>
</num>
<content>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">would be transferrable rights if the member stopped accruing rights to some or all of the flexible benefits,</ins>
</p>
</content>
</paragraph>
<wrapUp>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">calculated and verified in accordance with regulations 7 to 7E of the Occupational Pension Schemes (Transfer Values) Regulations 1996 (manner of calculation and verification of cash equivalents) on the basis that the member stopped accruing, or will stop accruing, those rights on a particular date.</ins>
</p>
</wrapUp>
</paragraph>
<paragraph eId="schedule-10-paragraph-7" period="#period10">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">7</ins>
</num>
<content>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">An estimate of the value of any accrued rights to flexible benefits that the member may transfer out of the scheme under the scheme rules, in respect of which an estimate of the cash equivalent is not required to be given under paragraph 6, calculated in accordance with the scheme rules and actuarial assumptions on the date of the calculation.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-8" period="#period10">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">8</ins>
</num>
<content>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">The date by reference to which the estimate of the cash equivalent or value (as appropriate) is calculated.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-9" period="#period10">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">9</ins>
</num>
<content>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">An explanation that the cash equivalent or value (as appropriate) is an estimate and may not represent the exact amount available to the member to transfer to another pension provider.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-10" period="#period10">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">10</ins>
</num>
<intro>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">In relation to the member’s accrued rights to flexible benefits in respect of which there is an opportunity to transfer—</ins>
</p>
</intro>
<paragraph eId="schedule-10-paragraph-10-a">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">a</ins>
</num>
<content>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">details of any guarantee to which the benefits are subject; and</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-10-b">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">b</ins>
</num>
<content>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">details of any other features, restrictions and conditions that apply to the benefits that affect, or may affect, their value.</ins>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-10-paragraph-11" period="#period10">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">11</ins>
</num>
<content>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">Where the member has a right or entitlement to benefits under the scheme that are not flexible benefits, that the member has that right or entitlement and how the member may access information about those benefits.</ins>
</p>
</content>
</paragraph>
</part>
<part eId="schedule-10-part-3" period="#period10">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">Part 3</ins>
</num>
<heading>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">Further information</ins>
</heading>
<paragraph eId="schedule-10-paragraph-12" period="#period10">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">12</ins>
</num>
<intro>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">A statement that—</ins>
</p>
</intro>
<paragraph eId="schedule-10-paragraph-12-a">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">a</ins>
</num>
<content>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">there may be tax implications associated with accessing flexible benefits;</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-12-b">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">b</ins>
</num>
<content>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">income from a pension is taxable; and</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-12-c">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">c</ins>
</num>
<content>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">the rate at which income from a pension is taxable depends on the amount of income that the person receives from a pension and from other sources.</ins>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-10-paragraph-13" period="#period10">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">13</ins>
</num>
<intro>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">Where the member has accrued rights to flexible benefits that are not money-purchase benefits, has not reached normal pension age and does not satisfy the ill-health condition—</ins>
</p>
</intro>
<paragraph eId="schedule-10-paragraph-13-a">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">a</ins>
</num>
<content>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">a statement that the value of the member’s accrued rights to flexible benefits is likely to be lower if the member accesses the benefits before normal pension age; and</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-10-paragraph-13-b">
<num>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431">b</ins>
</num>
<content>
<p>
<ins class="key-34afea928eb8e4d3aa7f1131bcc96f60-1433507407431 last">the age at which the member will reach normal pension age.</ins>
</p>
</content>
</paragraph>
</paragraph>
</part>
</hcontainer>
</hcontainer>
</body>
<conclusions>
<blockContainer class="ExplanatoryNotes">
<p>
<authorialNote>
<p>
<em>(This note is not part of the Regulations)</em>
</p>
<blockContainer class="BlockText">
<p>
These Regulations impose requirements on occupational pension schemes and personal pension schemes relating to the provision of information. The Regulations replace the Personal Pension Schemes (Disclosure of Information) Regulations 1987 (
<abbr class="Acronym" title="Statutory Instrument">S.I.</abbr>
1987/1110) and the Occupational Pension Schemes (Disclosure of Information) Regulations 1996 (
<abbr class="Acronym" title="Statutory Instrument">S.I.</abbr>
1996/1655) which are now revoked. The provisions of those Instruments that are carried forward are consolidated and amended.
</p>
</blockContainer>
<blockContainer class="BlockText">
<p>Part 1 of the Regulations contains general provisions. Regulation 1 provides for the date the Regulations come into force, the date certain provisions cease to have effect, revocations and introduces the Schedule of amendments to regulations. Regulation 2 provides for interpretation. Regulation 3 makes provision relating to recognised trades unions. Regulation 4 sets out the application of the Regulations and indicates which of the duties apply in particular cases. Regulation 5 provides for the imposition of civil penalties for breach of duty by an occupational pension scheme.</p>
</blockContainer>
<blockContainer class="BlockText">
<p>Part 2 contains provisions concerning the information that must be given at the initial stage of membership of a pension scheme.</p>
</blockContainer>
<blockContainer class="BlockText">
<p>Part 3 contains provision concerning the information that must be given when there are changes to pension schemes.</p>
</blockContainer>
<blockContainer class="BlockText">
<p>Part 4 contains provision concerning information that must be given on request.</p>
</blockContainer>
<blockContainer class="BlockText">
<p>Part 5 contains provision concerning information that must be given relating to the funding of schemes and the benefits that the schemes may provide.</p>
</blockContainer>
<blockContainer class="BlockText">
<p>Part 6 contains provision concerning the information that must be given when the benefits from the scheme are to be accessed.</p>
</blockContainer>
<blockContainer class="BlockText">
<p>Part 7 contains provision concerning the information that must be given when the pension in payment changes.</p>
</blockContainer>
<blockContainer class="BlockText">
<p>Part 8 contains provisions concerning the information that must be given when schemes are winding up.</p>
</blockContainer>
<blockContainer class="BlockText">
<p>Part 9 contains provisions concerning the giving of information or documents required to be given under the Regulations.</p>
</blockContainer>
<blockContainer class="BlockText">
<p>An analysis of the impact of this legislation has been made. A copy is available in the libraries of both Houses of Parliament. A copy is annexed to the Explanatory Memorandum which is available alongside this instrument on www.legislation.gov.uk. Copies may also be obtained from the Better Regulation Unit of the Department for Work and Pensions, 2D, Caxton House, Tothill Street, London SW1H 9NA.</p>
</blockContainer>
</authorialNote>
</p>
</blockContainer>
</conclusions>
</act>
</akomaNtoso>