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1. 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.N.I.
Commencement Information
I1Sch. 2 para. 1 in operation at 6.4.2014, see reg. 1(1)
2. How persons who are eligible to be members of the scheme are admitted to it.N.I.
Commencement Information
I2Sch. 2 para. 2 in operation at 6.4.2014, see reg. 1(1)
3. 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[F1, designated as available for the payment of drawdown pension] and commuted to a lump sum.N.I.
Textual Amendments
F1Words in Sch. 2 para. 3 inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations (Northern Ireland) 2015 (S.R. 2015/154), regs. 1(1), 10(2)
Commencement Information
I3Sch. 2 para. 3 in operation at 6.4.2014, see reg. 1(1)
4. A statement relating to the matters mentioned in paragraph 3—N.I.
(a)as to whether a charge may be made, and
(b)that further information is available on request.
Commencement Information
I4Sch. 2 para. 4 in operation at 6.4.2014, see reg. 1(1)
[F24A. Where the member has flexible benefits, a statement explaining the circumstances in which the member may transfer accrued rights to flexible benefits out of the scheme.N.I.
Textual Amendments
4B. [F3Subject to paragraph 4C] Where the member has safeguarded benefits (which has the meaning given in section 51(8) of the Pension Schemes Act 2015 (independent advice in respect of conversions and transfers: Northern Ireland)), a statement that the member may be required to take independent advice before the member may—
(a)convert any of the safeguarded benefits into different benefits that are flexible benefits under the scheme;
(b)transfer safeguarded benefits to another pension scheme with a view to acquiring a right or entitlement to flexible benefits, and
(c)withdraw an uncrystallised funds pension lump sum (which has the meaning given in paragraph 4A of Schedule 29 to the Finance Act 2004) (uncrystallised funds pension lump sum).]
Textual Amendments
[F44C. Paragraph 4B does not apply to a member of an occupational pension scheme that is an unfunded public service defined benefits scheme, unless it is a scheme in relation to which section 91(2A)(a)(i) of the 1993 Act has been disapplied, pursuant to section 91(2B) of the 1993 Act.]N.I.
Textual Amendments
5. 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.N.I.
Commencement Information
I5Sch. 2 para. 5 in operation at 6.4.2014, see reg. 1(1)
6. A statement that explains whether transfers can be made into the scheme, including whether such transfers can be made in accordance with [F5Chapters 1 and 2 of Part 4ZA] of the 1993 Act.N.I.
Textual Amendments
F5Words in Sch. 2 para. 6 substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations (Northern Ireland) 2015 (S.R. 2015/154), regs. 1(1), 10(4)
Commencement Information
I6Sch. 2 para. 6 in operation at 6.4.2014, see reg. 1(1)
7. The arrangements, if any, for the payment by members of additional voluntary contributions.N.I.
Commencement Information
I7Sch. 2 para. 7 in operation at 6.4.2014, see reg. 1(1)
8. A summary of how the contributions, if any, payable by the employer and the member are calculated.N.I.
Commencement Information
I8Sch. 2 para. 8 in operation at 6.4.2014, see reg. 1(1)
9. Where the scheme is the National Employment Savings Trust Corporation established under section 75(1) of the Pensions Act 2008(1), 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.N.I.
Commencement Information
I9Sch. 2 para. 9 in operation at 6.4.2014, see reg. 1(1)
10. A statement that—N.I.
(a)the [F6Money and Pensions Service] (2) 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 Ombudsman(3) 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.
Textual Amendments
F6Words in Sch. 2 para. 10(a) substituted (6.4.2019) by The Financial Guidance and Claims Act 2018 (Naming and Consequential Amendments) Regulations 2019 (S.I. 2019/383), reg. 1(1), Sch. para. 23(a)
Commencement Information
I10Sch. 2 para. 10 in operation at 6.4.2014, see reg. 1(1)
11. The postal address and electronic address at which each of the bodies referred to in paragraph 10 may be contacted.N.I.
Commencement Information
I11Sch. 2 para. 11 in operation at 6.4.2014, see reg. 1(1)
F712. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
Textual Amendments
F7Sch. 2 para. 12 omitted (6.4.2017) by virtue of The Pensions (2015 Act) (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order (Northern Ireland) 2016 (S.R. 2016/158), arts. 1(b), 30
Commencement Information
I12Sch. 2 para. 12 in operation at 6.4.2014, see reg. 1(1)
13. 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.N.I.
Commencement Information
I13Sch. 2 para. 13 in operation at 6.4.2014, see reg. 1(1)
14. 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.N.I.
Commencement Information
I14Sch. 2 para. 14 in operation at 6.4.2014, see reg. 1(1)
15. The following information about benefits payable under the scheme (referred to in this paragraph as “benefits”)—N.I.
(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.
Commencement Information
I15Sch. 2 para. 15 in operation at 6.4.2014, see reg. 1(1)
16. 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, [F8any cost of exercising any right to transfer the benefits, any charges payable, the age at which the member accesses the benefits,] the performance of [F9investments and any] cost of converting the benefit into an annuity.N.I.
Textual Amendments
F8Words in Sch. 2 para. 16 inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations (Northern Ireland) 2015 (S.R. 2015/154), regs. 1(1), 10(5)(a)
F9Words in Sch. 2 para. 16 substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations (Northern Ireland) 2015 (S.R. 2015/154), regs. 1(1), 10(5)(b)
Commencement Information
I16Sch. 2 para. 16 in operation at 6.4.2014, see reg. 1(1)
[F1016A. Where the member has rights to cash balance benefits, a statement that the value of the pension will depend on several factors including the amount of contributions paid, [F11any cost of exercising any right to transfer the benefits, any charges payable, the age at which the member accesses the benefits,] any guaranteed interest or bonuses [F12applied and any] cost of converting the benefits into an annuity.]
Textual Amendments
F10Sch. 2 para. 16A inserted (24.7.2014) by The Pensions (2012 Act) (Transitional, Consequential and Supplementary Provisions) Regulations (Northern Ireland) 2014 (S.R. 2014/204), regs. 1(1), 73(6)(a)
17. Except where the scheme is a public service pension scheme, a statement that the scheme annual report will be given on request.N.I.
Commencement Information
I17Sch. 2 para. 17 in operation at 6.4.2014, see reg. 1(1)
18.—(1) The scheme’s internal dispute resolution arrangements.N.I.
(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 Order(4) (requirement for dispute resolution arrangements).
Commencement Information
I18Sch. 2 para. 18 in operation at 6.4.2014, see reg. 1(1)
The Pensions Advisory Service can be contacted at 11 Belgrave Road, London SW1V 1RB or at www.pensionsadvisoryservice.org.uk
The Pensions Ombudsman is appointed under section 145(2) of the Pension Schemes Act 1993 (c. 48) and can be contacted at 11 Belgrave Road, London SW1V 1RB or at www.pensions-ombudsman.org.uk
Article 50 was substituted by Article 250 of the Pensions (Northern Ireland) Order 2005