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The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014
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Changes over time for: SCHEDULE 7
Version Superseded: 06/04/2015
Alternative versions:
- 06/04/2014- Amendment
- 06/04/2014
Point in time - 06/04/2015- Amendment
- 01/08/2022- Amendment
Status:
Point in time view as at 06/04/2014.
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There are currently no known outstanding effects for the The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014, SCHEDULE 7.
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Regulations 19 to 22 and 25(2)
SCHEDULE 7N.I.Information to be given by schemes that relates to accessing benefits
This schedule has no associated Explanatory Memorandum
PART 1N.I.Information to be given to persons having an opportunity to select an annuity
1. A statement that the person has an opportunity to select an annuity.N.I.
Commencement Information
I1Sch. 7 para. 1 in operation at 6.4.2014, see reg. 1(1)
2. A statement that the person has an opportunity to select the provider of the annuity.N.I.
Commencement Information
I2Sch. 7 para. 2 in operation at 6.4.2014, see reg. 1(1)
3. A statement that different annuities have different features and different rates of payment including annuities that provide—N.I.
(a)the same payments every year;
(b)increasing payments every year;
(c)payments only for the person;
(d)payments for the person’s spouse or civil partner;
(e)a guarantee on the early death of the person.
Commencement Information
I3Sch. 7 para. 3 in operation at 6.4.2014, see reg. 1(1)
4. Either—N.I.
(a)an explanation of the characteristic features of the annuities referred to in paragraph 3, or
(b)a copy of guidance giving that explanation that has been prepared or approved by the Regulator.
Commencement Information
I4Sch. 7 para. 4 in operation at 6.4.2014, see reg. 1(1)
5. A statement that the person should consider taking advice about which annuity is most suitable for that person.N.I.
Commencement Information
I5Sch. 7 para. 5 in operation at 6.4.2014, see reg. 1(1)
PART 2N.I.Information on accessing benefits for members and survivors
6. The amount of benefit that is payable.N.I.
Commencement Information
I6Sch. 7 para. 6 in operation at 6.4.2014, see reg. 1(1)
7. If benefit is payable periodically—N.I.
(a)any conditions for continuing to make the payments, and
(b)any provisions which would allow the payments to be altered.
Commencement Information
I7Sch. 7 para. 7 in operation at 6.4.2014, see reg. 1(1)
8. Any rights and options that persons have on the death of the member or beneficiary of the scheme.N.I.
Commencement Information
I8Sch. 7 para. 8 in operation at 6.4.2014, see reg. 1(1)
9. Any procedures for exercising the rights and options referred to in paragraph 8.N.I.
Commencement Information
I9Sch. 7 para. 9 in operation at 6.4.2014, see reg. 1(1)
10. The provisions (or, as the case may be, a statement that there are no provisions) under which the pension payable to the survivor of a member or beneficiary of the scheme may or will be increased and the extent to which such increases are dependent on the exercise of a discretion.N.I.
Commencement Information
I10Sch. 7 para. 10 in operation at 6.4.2014, see reg. 1(1)
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