SCHEDULES
SCHEDULE 2Basic information
PART 1Information to be given by occupational pension schemes that fall within paragraph 1 of Schedule 1
I11
The conditions persons must meet to become members of the scheme and a summary of the categories of persons who are eligible to become members of the scheme.
I22
How persons who are eligible to be members of the scheme are admitted to it.
I33
A summary of what can be done with a member’s accrued rights where the member leaves pensionable service before normal pension age, including whether accrued rights can be transferred out of the scheme, converted into an annuity and commuted to a lump sum.
I44
A statement relating to the matters mentioned in paragraph 3—
a
as to whether a charge may be made, and
b
that further information is available on request.
I55
Whether the scheme is a tax registered scheme or, if not, whether an application for the scheme to become a tax registered scheme is under consideration by HMRC.
I66
A statement that explains whether transfers can be made into the scheme, including whether such transfers can be made in accordance with Chapters 4 and 536 of Part 4 of the 1993 Act.
I77
The arrangements, if any, for the payment by members of additional voluntary contributions.
I88
A summary of how the contributions, if any, payable by the employer and the member are calculated.
I99
Where the scheme is the National Employment Savings Trust Corporation established under section 75(1) of the Pensions Act 200837, a statement of the maximum amount, if any, of contributions that may be paid in any tax year in relation to a member of the scheme.
I1010
A statement that—
a
the Pensions Advisory Service38 is available at any time to assist members and beneficiaries with—
i
pensions questions, and
ii
issues they have been unable to resolve with the trustees or managers of the scheme;
b
the Pensions Ombudsman39 may investigate and determine certain complaints or disputes about pensions that are referred to the Pensions Ombudsman in accordance with the 1993 Act, and
c
the Regulator may intervene in the running of schemes where trustees, managers, employers or professional advisers have failed in their duties.
I1111
The postal address and electronic address at which each of the bodies referred to in paragraph 10 may be contacted.
I1212
Except where the scheme has no relevant employment which is contracted-out employment within the meaning of section 440 of the 1993 Act, which relevant employment is and which is not contracted-out employment.
I1313
If a member of the scheme has to give a period of notice to terminate that member’s pensionable service, the length of that period of notice.
I1414
Whether, and if so on what conditions (if any), a member of the scheme, whose pensionable service has terminated before normal pension age, may re-enter pensionable service.
I1515
The following information about benefits payable under the scheme (referred to in this paragraph as “benefits”)—
a
what the benefits are;
b
how benefits are calculated;
c
how the scheme defines pensionable earnings, if appropriate;
d
how and when benefits in payment are increased, if appropriate;
e
the rate at which rights to benefits accrue, if appropriate;
f
the conditions on which benefits are payable;
g
when benefits (including survivor’s benefits) are payable.
I1616
Where the member has money purchase benefits, a statement that the value of the pension will depend on several factors including the amount of the contributions paid, the performance of investments and the cost of converting the benefit into an annuity.
I1717
Except where the scheme is a public service pension scheme, a statement that the scheme annual report will be given on request.
I1818
1
The scheme’s internal dispute resolution arrangements.
2
The postal address or electronic address and job title of the person who should be contacted to use those arrangements.
3
This paragraph does not apply to a scheme within Article 50(8) of the 1995 Order41 (requirement for dispute resolution arrangements).