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)