PART 2Amendments coming into force on 6th April 2012

Amendment of the Personal Pension Schemes (Disclosure of Information) Regulations 19872.

(1)

The Personal Pension Schemes (Disclosure of Information) Regulations 19872 are amended as follows.

(2)

In regulation 4(6) (basic information about the scheme)3, for “, 11, 12 or 13” substitute “or 11”.

(3)

In regulation 5 (information to be made available to individuals)4—

(a)

in paragraph (3), omit “Whether or not the scheme is or has been an appropriate scheme,” and “who has no protected rights under the scheme”, and

(b)

omit paragraph (4).

(4)

In Schedule 1 (basic information about the scheme)5, omit paragraphs 9, 12 and 13.

(5)

In Schedule 2 (information to be made available to individuals)—

(a)

for paragraph 2(a), substitute—

“(a)

As at a specified date, the value of the member’s accrued rights under the scheme.”,

(b)

omit paragraph 4,

(c)

in paragraph 56, omit from the words “, including where the scheme is an appropriate scheme” to the end,

(d)

for paragraph 8, substitute—

“8 An account of the amount by which the member’s accrued rights have been reduced, and of the arrangements which have been made by the scheme, or are open to the member, to restore the value of his accrued rights under the scheme.”,

(e)

in paragraph 9, after sub-paragraph (2)7 add—

“(3)

A statement that explains that the member’s protected rights will become ordinary scheme rights under pensions legislation from the date that the scheme ceased to be an appropriate scheme, and that where the member is married or has a civil partner, there is no longer a statutory requirement for the scheme to provide a survivor’s pension or annuity.”, and

(f)

omit paragraphs 10 and 11.