The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013

[F1 PART 4 E+W+S Scheme closure: collective money purchase schemes

Textual Amendments

F1 Sch. 2 Pt. 4 inserted (1.8.2022) by The Occupational Pension Schemes (Collective Money Purchase Schemes) (Modifications and Consequential and Miscellaneous Amendments) Regulations 2022 (S.I. 2022/337), regs. 1(3), 13(14)(d)

30.   A statement that a decision has been made to pursue continuity option 3. E+W+S

31.   A summary of the reasons for the decision in paragraph 30. E+W+S

32.   An estimate of when information will be provided in accordance with paragraphs 34 to 38. E+W+S

33.   A statement that the scheme will continue to operate in respect of its current members and beneficiaries. E+W+S

34.   A statement confirming that the scheme will be closed, which must include whether it will be closed to new contributions or new members (or both). E+W+S

35.   The date the scheme will begin to operate as a closed scheme. E+W+S

36.   A statement explaining any impact that the closure will have in relation to accrued rights to benefits under the scheme, including any differences in impact for active, deferred and pensioner members. E+W+S

37.   The arrangements for— E+W+S

(a) the future operation of the scheme, and

(b) where the scheme will be closed to new contributions, any scheme or section of a scheme to which future contributions may be made.]