[F118B. In respect of a collective money purchase scheme, a summary of the rules governing how the rate or amount of benefits provided under the scheme is to be adjusted from time to time, including—E+W+S
(a)that annual benefit calculations and any adjustments of the rate or amount of benefits are applied to all the members of the scheme without variation,
(b)where relevant, an explanation of how any multi-annual reduction permitted under the scheme rules operates and the effect it may have on the rate or amount of benefits provided under the scheme, and
(c)the arrangements in place for making any adjustments to the rate or amount of benefits provided to pensioner members.]