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.