(1)The Secretary of State may by regulations require the trustees of a collective money purchase scheme to publish information relating to the scheme that is specified or described in the regulations.
(2)Regulations under subsection (1) may, among other things—
(a)require the trustees to publish a document specified or described in the regulations;
(b)require information or a document to be made available free of charge;
(c)require information or a document to be provided to a person in a form or by means specified or described in the regulations;
(d)require or permit information specified or described in the regulations to be excluded from a document when it is published in accordance with the regulations.
(3)In complying with a requirement imposed by regulations under subsection (1) a trustee must have regard to any guidance prepared from time to time by the Secretary of State.
(4)Section 10 of the Pensions Act 1995 (civil penalties) applies to a trustee who fails to take all reasonable steps to comply with a requirement imposed by regulations under this section.
(5)Regulations under subsection (1) are subject to negative resolution procedure.