1.—(1) This paragraph applies to—
(a)the scheme, and
(b)any statutory pension scheme that is connected with it,
which in this paragraph are together referred to as “the relevant schemes”.
(2) In addition to any obligations on record keeping imposed on the scheme manager by regulations made pursuant to section 16 of the 2014 Act, the scheme manager must keep accounts of all income and expenditure of the relevant schemes in a form approved by the Department of Finance and Personnel.
(3) The accounts must be open to examination by the Comptroller and Auditor General.
(4) The scheme actuary must prepare a valuation of the relevant schemes in accordance with any Department of Finance and Personnel directions given from time to time pursuant to section 11(2) of the 2014 Act.
(5) The scheme actuary must send a copy of the valuation of the relevant schemes to the scheme manager and to the Department of Finance and Personnel.
2.—(1) The scheme manager or Department may publish or provide to the Department of Finance and Personnel scheme information (as defined in section 15 of the 2014 Act) whether or not required to do so by any Department of Finance and Personnel directions given from time to time pursuant to that section.
(2) Nothing in sub-paragraph (1) requires the scheme manager or the Department to publish or provide to the Department of Finance and Personnel any scheme information—
(a)which the scheme manager or the Department is not required by the Department of Finance and Personnel directions to publish or provide to the Department of Finance and Personnel; or
(b)which the scheme manager or the Department, apart from sub-paragraph (1), is prohibited lawfully from publishing or providing.
3.—(1) The scheme manager must provide a benefit information statement to each active member in accordance with—
(a)section 14 of the 2014 Act (information about benefits); and
(b)any directions given by the Department of Finance and Personnel from time to time pursuant to that section.
(2) Sub-paragraph (1) does not provide a right for an active member to request a benefit information statement.
(3) A benefit information statement provided pursuant to sub-paragraph (1) is to be treated as though it is the information mentioned in regulation 16(2)(a) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014 M1 for the purposes of determining whether or not information must be given under regulation 16(1) of those Regulations.
Marginal Citations
M1S.R. 2014 No.79