SCHEDULES
SCHEDULE 2Basic information
PART 1Information to be given by occupational pension schemes that fall within paragraph 1 of Schedule 1
F118A
In respect of a collective money purchase scheme, a statement that—
a
there is no promise or guarantee as to the rate or amount of benefit provided under the scheme, and
b
the rate or amount of benefits may fluctuate, which may result in—
i
reduced benefits before benefit becomes payable;
ii
reduced benefits after benefit becomes payable.