http://www.legislation.gov.uk/id/uksi/2012/3083

Amendment of the Pension Protection Fund (Provision of Information) Regulations 20056

1

Schedule 2 to the Pension Protection Fund (Provision of Information) Regulations 2005 (information to be provided by trustees or managers)7 is amended as follows.

2

In paragraph 1(1)—

a

before the definition of “hybrid scheme”, insert—

“determination” means a determination made by the Board under section 143(2)(a);
“determination summary” means, in relation to each member of the scheme, a summary of the determination which contains–
a
a summary of the overall assets and liabilities of the scheme;
b
details of how that member’s entitlement to compensation would be calculated if the Board assumed responsibility for the scheme;
c
details of any information the Board holds on that member’s pensionable service and accrued rights;
d
where there is a pension in payment to that member at the assessment date, the annual amount of that pension; and
e
a statement describing how an application may be made to the Board for the review of the determination, how it will be considered and the Board’s powers on making a review decision;

b

in the definition of “valuation”, for “143” substitute “143(2)(b)”.

3

In the table in paragraph 1(2), after the fourteenth row insert–

Where the scheme is not a hybrid scheme, a multi-employer scheme or a partially guaranteed scheme, all members.
A copy of the determination summary.
The period of 28 days beginning on the day on which the trustees or managers receive a copy of the determination.
Where the scheme is a hybrid scheme, all members other than those who receive only money purchase benefits.
A copy of the determination summary.
The period of 28 days beginning on the day on which the trustees or managers receive a copy of the determination.
Where the scheme is a multi-employer scheme, all members who are in the section of the scheme to which the determination relates.
A copy of the determination summary.
The period of 28 days beginning on the day on which the trustees or managers receive a copy of the determination.
Where the scheme is a partially guaranteed scheme, all members who are in the unsecured part of the scheme.
A copy of the determination summary.
The period of 28 days beginning on the day on which the trustees or managers receive a copy of the determination.

Where the scheme is not a hybrid scheme, a multi-employer scheme or a partially guaranteed scheme, all members.	A copy of the determination summary.	The period of 28 days beginning on the day on which the trustees or managers receive a copy of the determination.
Where the scheme is a hybrid scheme, all members other than those who receive only money purchase benefits.	A copy of the determination summary.	The period of 28 days beginning on the day on which the trustees or managers receive a copy of the determination.
Where the scheme is a multi-employer scheme, all members who are in the section of the scheme to which the determination relates.	A copy of the determination summary.	The period of 28 days beginning on the day on which the trustees or managers receive a copy of the determination.
Where the scheme is a partially guaranteed scheme, all members who are in the unsecured part of the scheme.	A copy of the determination summary.	The period of 28 days beginning on the day on which the trustees or managers receive a copy of the determination.