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

PART 1 Information to be given by occupational pension schemes during winding up

1.  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(1) (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(2).

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.

(1)

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.

(2)

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