PART XIVPENSION SCHEMES, SOCIAL SECURITY BENEFITS, LIFE ANNUITIES ETC.
CHAPTER IRETIREMENT BENEFIT SCHEMES
Supplementary provisions
605Information
1
In the case of every approved scheme, the administrator of the scheme, and every employer who pays contributions under the scheme, shall, within 30 days from the date of a notice from the inspector requiring them so to do —
a
furnish to the inspector a return containing such particulars of contributions paid under the scheme as the notice may require;
b
prepare and deliver to the inspector a return containing particulars of all payments under the scheme, being —
i
payments by way of return of contributions (including interest on contributions, if any);
ii
payments by way of commutation of, or in lieu of, pensions, or other lump sum payments;
iii
other payments made to an employer;
c
furnish to the inspector a copy of the accounts of the scheme up to the last date previous to the notice to which such accounts have been made up together with such other information and particulars (including copies of any actuarial report or advice given to the administrator or employer in connection with the conduct of the scheme during the period to which the accounts relate) as the inspector considers relevant.
2
Where benefits provided for an employee under an approved scheme or a statutory scheme have been secured by means of an annuity contract with an insurance company (within the meaning given by section 599(8)), the insurance company shall, within 30 days from the date of a notice from the inspector requiring it to do so, prepare and deliver to the inspector a return containing particulars of—
a
any payments under the contract by way of commutation of, or in lieu of, a pension, or any other lump sum payments under the contract; and
b
any payments made under the contract to the employer.
3
It shall be the duty of every employer—
a
if there subsists in relation to any of his employees a retirement benefits scheme to which he contributes and which is neither an approved scheme nor a statutory scheme, to deliver particulars of that scheme to the Board within three months beginning with the date on which the scheme first comes into operation in relation to any of his employees, and
b
when required to do so by notice given by the Board, to furnish within the time limited by the notice such particulars as the Board may require with regard to—
i
any retirement benefits scheme relating to the employer which is neither an approved scheme nor a statutory scheme; and
ii
the employees of his to whom any such scheme relates.
4
It shall be the duty of the administrator of a retirement benefits scheme which is neither an approved scheme nor a statutory scheme, when required to do so by notice given by the Board, to furnish within the time limited by the notice such particulars as the Board may require with regard to the scheme.