The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014

[F1 PART 3 N.I. Information to be given to members having an opportunity to transfer flexible benefits

Textual Amendments

F1 Sch. 7 Pt. 3 added (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), 12(3)

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.]