The Pension Sharing (Miscellaneous Amendments) Regulations 2016

Amendments to the Pensions on Divorce etc. (Charging) Regulations 2000

3.—(1) The Pensions on Divorce etc. (Charging) Regulations 2000(1) are amended as follows.

(2) In regulation 2(4)(a) (general requirements as to charges)(2)—

(a) in paragraph (i), for “(salary related schemes: right to statement of entitlement, and right to cash equivalent)” substitute “(right to statement of entitlement: benefits other than money purchase and right to cash equivalent)”;

(b) for paragraph (iii) substitute—

“(iii) regulation 17 (statements of benefits: money purchase benefits) or any of the provisions of Part 6 (statements of benefits; lifestyling and accessing benefits) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013(3);”.

(3) In regulation 3(2) (charges recoverable in respect of the provision of basic information)—

(a) for sub-paragraph (d) substitute—

“(d) any costs incurred by the trustees or managers of an occupational or personal pension scheme in connection with the provision of information under regulation 6 (basic scheme information) or 7 (basic scheme information to be given by certain schemes) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013, that the trustees or managers provide to the member free of charge under those Regulations;”;

(b) for paragraph (iii) of sub-paragraph (e) substitute—

“(iii) regulation 17 or any of the provisions of Part 6 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013; or”.

(4) For sub-paragraph (f) of regulation 9(2) (charges in respect of pension sharing activity – method of recovery) substitute—

“(f) deduction from the amount of a transfer value which is calculated in accordance with regulation 24 of the Pension Sharing (Pension Credit Benefit) Regulations 2000 (manner of calculation and verification of cash equivalents)(4).”.

(1)

S.I. 2000/1049.

(2)

There are amendments to regulation 2 that are not relevant to these Regulations.

(3)

Part 6 was amended by S.I. 2015/482.

(4)

S.I. 2000/1054. Regulation 24 was substituted by S.I. 2008/1050.