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- Point in Time (06/04/2023)
- Original (As made)
There are currently no known outstanding effects for the The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014.
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PART 5 Funding statements, benefit statements and illustrations
PART 6 Lifestyling and accessing benefits
18A.Information to be given on request and on a member providing certain information
18B.Information to be given on communicating with a member about what the member may do with flexible benefits
18C.Requirement to refer members and survivors to guidance etc.
18D.Consequential modifications of sections 95 and 97J of the 1993 Act
21.Accessing benefits on the death of the member or beneficiary
SCHEDULES
1.The conditions persons must meet to become members of the...
4.A statement relating to the matters mentioned in paragraph 3—...
4A.Where the member has flexible benefits, a statement explaining the...
4B.Subject to paragraph 4C Where the member has safeguarded benefits...
6.A statement that explains whether transfers can be made into...
7.The arrangements, if any, for the payment by members of...
9.Where the scheme is the National Employment Savings Trust Corporation...
10.A statement that— (a) the Money and Pensions Service is...
11.The postal address and electronic address at which each of...
12.Except where the scheme has no relevant employment which is...
15.The following information about benefits payable under the scheme (referred...
16.Where the member has money purchase benefits, a statement that...
16A.Where the member has rights to cash balance benefits, a...
17.Except where the scheme is a public service pension scheme,...
18.(1) The scheme’s internal dispute resolution arrangements.
18A.In respect of a collective money purchase scheme, a statement...
18B.In respect of a collective money purchase scheme, a summary...
19.The following information about benefits payable under the scheme (referred...
20.A statement that explains whether transfers can be made into...
22.A statement relating to the matters mentioned in paragraph 21—...
22A.Where the member has flexible benefits, a statement explaining the...
22B.Subject to paragraph 22C Where the member has safeguarded benefits...
23.(1) The scheme’s internal dispute resolution arrangements.
24.A statement that— (a) the Money and Pensions Service is...
25.The postal address and electronic address at which each of...
28.Where the member has money purchase benefits, a statement that...
28A.Where the member has rights to cash balance benefits, a...
PART 4 Scheme closure: collective money purchase schemes
31.A summary of the reasons for the decision in paragraph...
32.An estimate of when information will be provided in accordance...
33.A statement that the scheme will continue to operate in...
34.A statement confirming that the scheme will be closed, which...
37.A statement explaining any impact that the closure will have...
38.The arrangements for— (a) the future operation of the scheme,...
Information to be given on request
PART 3 Information on funding principles and actuarial valuations etc.
8.The latest statement of funding principles where required under Article...
10A.In respect of a collective money purchase scheme, the latest...
11.Any recovery plan prepared under Article 205 of the 2005...
12.The latest payment schedule under Article 85 of the 1995...
13.The latest statement of principles governing decisions about investments where...
14.A summary of the winding up procedure under Article 210A...
PART 5 Information that applies to the scheme
18.The provisions of the scheme in relation to the appointment...
19.The names of the professional advisers and of such banks,...
20.The postal address and electronic address to which enquiries about...
21.The number of beneficiaries and active, deferred and pensioner members...
24.A statement as to whether the accounts have been prepared...
25.If the auditor’s statement made in accordance with regulations made...
27.Who has managed the investments of the scheme during the...
28.Whether the trustees have produced a statement of the principles...
29.Except in relation to a wholly insured scheme, a statement...
32.Except where the scheme is a trust scheme that applies...
34.Where the scheme is a relevant scheme within the meaning...
34A.Where the trustees are required to publish a report on...
2.In the case of the first summary funding statement issued...
3.In the case of any subsequent summary funding statement, an...
4.The actuary’s estimate of solvency contained in the last actuarial...
5.A summary of any recovery plan prepared under Article 205...
6.A statement explaining— (a) whether the scheme has been modified...
7.Where there has been a modification, directions or a schedule...
8.A statement explaining whether any payment to the employer under...
10.Where the trustees are required to publish a report on...
Statements of benefits: non money purchase benefits
Statements of benefits: money purchase benefits and cash balance benefits
PART 1 Information for all money purchase members
1.The amount of contributions (before any deductions are made) credited...
2.Where an occupational pension scheme was a contracted-out scheme at...
3.(1) Where a personal pension scheme was an appropriate scheme...
4.The value of the member’s accrued rights under the scheme...
5A.Where the scheme is a relevant scheme within the meaning...
5B.In relation to the information that must be published on...
5C.Where the trustees are required to publish a report on...
6.For money purchase benefits, an illustration of the amount of...
6A.For cash balance benefits, an illustration of the amount of...
8.(1) The assumptions are— (a) where the calculation relates to...
9.A statement that the information given under this Part is...
12.A statement that any amounts in the information given under...
13.The member’s retirement date used for the purposes of the...
14.The illustration date used for the purposes of the information...
PART 3 Further information to be given on pension illustration
Statements of benefits: collective money purchase benefits
PART 1 Information for active, deferred and pension credit members
1.The date on which the member’s pensionable service started.
2.The member’s retirement date and age used for the purposes...
4.An explanation of how the member may obtain further details...
5.The amount that represents the member’s share of the available...
6.The amount that represented the member’s share of the available...
8.Where applicable, a statement that, if the member exercises rights...
9.A statement that there may be increases and decreases in...
10.A statement that illustrations of the amount of pension that...
11.A statement that— (a) any future increases or decreases in...
12.A statement that the amounts in any illustrations of amount...
13.Either— (a) an explanation of the meaning and basis of...
14.Where any illustrations of amount of pension are expressed as...
15.In relation to the information that must be published on...
16.Where the trustees are required to publish a report on...
17.Either— (a) a summary of the methods and assumptions used...
PART 4 Information for active members
22.The difference between the amount that represents the member’s share...
23.The amount, at the illustration date, of any benefits payable...
24.An illustration of the amount of pension, which may be...
25.An illustration of the amount of pension, which may be...
27.A statement as to any assumed salary increases taken into...
28.Either— (a) a summary of the method used for calculating...
Information to be given by schemes that relates to accessing benefits and to benefit adjustments
PART 1 Information to be given to persons having an opportunity to select an annuity
1.A statement that the person has an opportunity to select...
2.A statement that the person has an opportunity to select...
3.A statement that different annuities have different features and different...
4.Either— (a) an explanation of the characteristic features of the...
5.A statement that the person should consider taking advice about...
PART 2 Information on accessing benefits for members and survivors
PART 3 Information to be given to members having an opportunity to transfer flexible benefits
PART 4 Information to be given by collective money purchase schemes about benefit adjustments
19.A summary of the method and assumptions used to calculate...
20.The postal and electronic address to which enquiries relating to...
21.The level of the benefit adjustment that should have been...
22.The level of the benefit adjustment that was actually applied....
23.Where the benefit adjustment that was actually applied was not...
25.A statement indicating whether the failure to apply the benefit...
26.Where there is a likely negative impact on the scheme’s...
Information to be given by schemes about winding up
PART 1 Information to be given by occupational pension schemes during winding up
PART 2 Information to be given by occupational pension schemes after winding up
PART 3 Information to be given by personal pension schemes after winding up
1.In the Occupational Pension Schemes (Preservation of Benefit) Regulations (Northern...
2.In regulation 3(3) of the Occupational Pension Schemes (Contracting-out) Regulations...
3.In regulation 11 of the Occupational Pension Schemes (Transfer Values)...
4.In the Occupational Pension Schemes (Winding Up) Regulations (Northern Ireland)...
5.In the Occupational Pension Schemes (Requirement to obtain Audited Accounts...
6.In regulation 6(5)(b)(ii) of the Occupational Pension Schemes (Discharge of...
7.After regulation 10 of the Pensions on Divorce etc. (Provision...
8.In the Pension Sharing (Pension Credit Benefit) Regulations (Northern Ireland)...
9.In the Stakeholder Pension Schemes Regulations (Northern Ireland) 2000—
10.In regulation 5A of the Personal Pension Schemes (Payments by...
11.In regulation 7 of the Occupational Pension Schemes (Winding Up...
12.In regulation 13 of the Occupational Pension Schemes (Independent Trustee)...
13.In the Occupational Pension Schemes (Winding up, etc.) Regulations (Northern...
14.In regulation 11 of the Occupational and Personal Pension Schemes...
15.In the Occupational Pension Schemes (Payments to Employer) Regulations (Northern...
16.In regulation 20 of the Pensions (2008 Act) (Abolition of...
Information to be given on the pensions guidance and members’ benefits
PART 1 Information on the pensions guidance
1.A statement that pensions guidance is available to help the...
2.A statement that the pensions guidance may be accessed on...
3.The phone number and website address at which the pensions...
4.A statement that the pensions guidance is free and impartial....
5.A statement that the person should access the pensions guidance...
Statements to be published by collective money purchase schemes
PART 2 Valuation and benefit adjustment statement
7.A summary of the results of the latest actuarial valuation...
8.An explanation of the methods and assumptions used in the...
9.The effective date of the latest actuarial valuation to which...
10.A description of the model used to calculate benefit illustrations...
12.In the case of all subsequent statements, an explanation of...
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