- Latest available (Revised)
- Point in Time (06/04/2015)
- Original (As made)
Point in time view as at 06/04/2015.
There are currently no known outstanding effects for the The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014, SCHEDULE 7.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Regulations [F118A] to 22 and 25(2)
Textual Amendments
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)
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)
Textual Amendments
11. A statement that the member has an opportunity to transfer flexible benefits to one or more different pension providers.N.I.
12. A statement that different pension providers offer different options in relation to what the member can do with the flexible benefits, including the option to select an annuity.N.I.
13. A statement that different options have different features, different rates of payment, different charges and different tax implications.N.I.
14. Either—N.I.
(a)a copy of guidance that explains the characteristic features of the options referred to in paragraph 13 that has been prepared or approved by the Regulator, or
(b)a statement that gives materially the same information as that guidance.]
The Whole Rule you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Rule you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Rule you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Rule and provides information about its policy objective and policy implications. They aim to make the Statutory Rule accessible to readers who are not legally qualified and accompany any Northern Ireland Statutory Rule or Draft Northern Ireland Statutory Rule laid before the UK Parliament during the suspension of the Northern Ireland Assembly.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: