The Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 1992

Amendment of regulation 5 of the Occupational Pension Schemes Disclosure Regulations

8.  In regulation 5 of the Occupational Pension Schemes Disclosure Regulations (basic information about the scheme)—

(a) for paragraph (2) there shall be substituted the following paragraph—

“(2) The information specified in Schedule 1 shall be given as of course to every member of the scheme within 13 weeks of his becoming a member and the information specified in paragraphs 18 to 20 of Schedule 1 shall be given as of course to every member of the scheme on 28th September 1992 by 31st December 1992.”;

(b) in paragraph (3)—

(i) for the words “within 3 years” there shall be substituted the words “within one year”;

(ii) for the words “after he or, as the case may be, that trade union requests it” there shall be substituted the words “and in any event within one month of the date of receipt by the trustees of the request”;

(c) in paragraph (5) after the words “All members of and beneficiaries under the scheme” there shall be inserted the words “except an excluded person”;

(d) for paragraph (6) there shall be substituted the following paragraph—

“(6) The trustees shall—

(a) where it is practicable for them to do so, draw to the attention of all members of the scheme any change in relation to the scheme which will result in a material alteration in the information referred to in paragraphs 1 to 16B and 18 to 20 of Schedule 1 before that change takes effect; and

(b) where it has not been practicable for them to draw to the attention of any member of the scheme any change in accordance with paragraph (a) and a change has taken effect which has resulted in a material alteration in the information referred to in those paragraphs of Schedule 1, draw it to the attention of that member not later than one month after that change has taken effect.”.