The Personal Pension Schemes (Disclosure of Information) Regulations 1987

Regulation 5

SCHEDULE 2 INFORMATION TO BE MADE AVAILABLE TO INDIVIDUALS

1.  The amount of contributions (before the making of any deductions), credited to the member under the scheme during the 12 months preceding a specified date, and, where the scheme was for the whole or any part of that period an appropriate scheme, the amount of the minimum contributions paid by the Secretary of State in respect of the member in that period which is attributable to—

(a) section 3(1)(a) of the 1986 Act; and

(b) section 3(1)(b) of that Act.

2.—(a) As at a specified date—

(i) the value of the member’s protected rights under the scheme, and

(ii) the value of the member’s accrued rights (other than his protected rights) under the scheme.

(b) Where the cash equivalent (calculated, at the date specified for the purposes of sub-paragraph (a), in accordance with regulations 3 and 4 of the Personal Pension Schemes (Transfer Values) Regulations 1987(1)) in respect of the transfer of the member’s rights mentioned in sub-paragraph (a)(i) or (ii) or both would be different from the values to be specified under that sub-paragraph, that cash equivalent.

3.  The options (if any) available to the member.

4.  The options available to the member, including those in respect of any accrued rights which are not protected rights.

5.  The rights and options (if any) available on the death of a member or beneficiary, and the procedures for exercising them, including, where the scheme is an appropriate scheme, the contingent option conferred by regulation 10(12) of the Personal and Occupational Pension Schemes (Protected Rights) Regulations 1987(2) for the purposes of that regulation.

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

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

8.  An account of the amount by which the member's—

(a) protected rights; and

(b) accrued rights other than his protected rights,

have been reduced, and of the arrangements which have been made by the scheme, or are open to the member, to restore the value of his accrued rights under the scheme.

9.  When a scheme has ceased to be an appropriate scheme, the date on which it did so.

10.  Whether arrangements for the preservation or transfer of the member’s protected rights have been, or are to be, proposed to the Occupational Pensions Board and an explanation of the intended effect of any such proposed arrangements.

11.  The options available to the member in respect of his protected rights.

(1)

S.I. 1987/1112.

(2)

S.I. 1987/1117.