- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (01/08/2022)
- Gwreiddiol (a wnaed Fel)
Point in time view as at 01/08/2022.
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Textual Amendments
1. The date on which the member’s pensionable service started.N.I.
2. The member’s retirement date and age used for the purposes of the information given under this Schedule.N.I.
3. The illustration date.N.I.
4. An explanation of how the member may obtain further details about the information given under this Schedule.N.I.
5. The amount that represents the member’s share of the available assets of the scheme at the illustration date.N.I.
6. The amount that represented the member’s share of the available assets of the scheme at the previous year’s illustration date, where applicable.N.I.
7. Details of any deduction from the member’s benefits.N.I.
8. Where applicable, a statement that, if the member exercises rights or options to access benefits under the scheme before the member’s retirement date, the amount of the member’s benefits is likely to be lower.N.I.
9. A statement that there may be increases and decreases in the amount that represents the value of the member’s share of the available assets of the scheme from time to time until the member’s retirement date.N.I.
10. A statement that illustrations of the amount of pension that may be payable to the member on the member’s retirement date—N.I.
(a)do not represent any promise or guarantee as to the amount of benefits that may be receivable by the member under the scheme, and
(b)are calculated using projections based on actuarial assumptions as to uncertain future events, and that the actual amount could be higher or lower.
11. A statement that—N.I.
(a)any future increases or decreases in the rate or amount of benefits provided under the scheme will depend on the available assets of the scheme;
(b)assumptions have been made about the nature of the scheme’s investments and their likely performance, and
(c)those assumptions may not correspond with the investments actually made or their actual performance.
12. A statement that the amounts in any illustrations of amount of pension given are expressed in today’s prices.N.I.
13. Either—N.I.
(a)an explanation of the meaning and basis of “today’s prices”, or
(b)a statement that such an explanation is—
(i)provided in a specified annex, or
(ii)available on a website, in which case the statement must include the information listed in regulation 27(2).
14. Where any illustrations of amount of pension are expressed as a range, an explanation of the extent of variability which the range represents.N.I.
15. In relation to the information that must be published on a website in accordance with regulation 29A(2) and (2A) (publishing charges and transaction costs and other relevant information)—N.I.
(a)the information specified in sub-paragraphs (a) to (d) of regulation 27(2), and
(b)a statement explaining the circumstances in which the information will be provided on request in hard copy form.
16. Where the trustees are required to publish a report on a website in accordance with regulation 5 of the Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations (Northern Ireland) 2021(1) (climate change reporting and publication requirements), in relation to the most recent report published—N.I.
(a)the information specified in sub-paragraphs (a) to (d) of regulation 27(2) of these Regulations, and
(b)a statement explaining the circumstances in which the report will be provided on request in hard copy form.
17. Either—N.I.
(a)a summary of the methods and assumptions used to calculate—
(i)the member’s share of the available assets of the scheme, and
(ii)the member’s future benefit illustrations, or
(b)a statement that such a summary is—
(i)provided in a specified annex, or
(ii)available on a website, in which case the statement must include the information listed in regulation 27(2).]
Article 23 was substituted by Article 32(3) of the Pensions (Northern Ireland) Order 2005
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