The Occupational and Personal Pension Schemes (DisclosureofInformation) Regulations (Northern Ireland) 2014

Personal pension schemes that have begun winding up N.I.

23.—(1) The information mentioned in paragraph (3) must be given to members, except excluded persons, in accordance with this regulation.

(2) The information must be given where a decision has been made to wind up the scheme or to cease accepting contributions or to cause the scheme to cease to manage the contributions already paid to it (“the decision”).

(3) The information is—

(a) notification of the decision;

(b) the information listed in paragraphs 11 to 13 of Schedule 8;

(c) the information listed in paragraph 14 of Schedule 8 where the scheme is unable to meet in full its liabilities to its members.

(4) The information must be given as soon as practicable after the decision and, in any event—

(a) the notification referred to in paragraph (3)(a) must be given within one month, and

(b) the information mentioned in paragraph (3)(b) and (c) must be given within 4 months,

of the decision.

Commencement Information

I1 Reg. 23 in operation at 6.4.2014, see reg. 1(1)