PART 5Funding statements, benefit statements and illustrations
Summary funding statements15.
(1)
The information listed in Schedule 4, in the form of a summary funding statement, must be given in accordance with this regulation where the trustees or managers of the scheme have obtained an actuarial valuation or report under Article 203 of the 2005 Order.
(2)
The information must be given to all members and beneficiaries of the scheme except—
(a)
excluded persons, and
(b)
members or beneficiaries whose only entitlement to benefits under the scheme is, or will be, to money purchase benefits.
(3)
The information must be given on, before, or within a reasonable period after, the date by which the trustees or managers of the scheme are required under Article 203 of the 2005 Order to ensure that the valuation or report is received by them.