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2.—(1) The Personal Pension Schemes (Disclosure of Information) Regulations 1987(1) shall be amended in accordance with this regulation.
(2) In regulation 1 (citation, commencement and interpretation), in paragraph (2)—
(a)in the definition of “member”, after “scheme” insert “and includes a pension credit member”;
(b)after the definition of “member” insert the following definition—
““pension credit member” has the meaning given by section 124(1) of the Pensions Act 1995(2);”;
(c)after the definition of “pensionable age” insert the following definition—
““safeguarded rights” means those rights referred to in section 68A of the Act(3);”.
(3) In regulation 5 (information to be made available to individuals)—
(a)in paragraph (3) after “rights” insert “or no safeguarded rights”;
(b)in paragraph (4)—
(i)after “rights” where that word first appears, insert “or safeguarded rights”;
(ii)in sub-paragraph (b) after “rights” insert “or safeguarded rights”.
(4) In Schedule 1 (basic information about the scheme)—
(a)in paragraph 12 after “rights” insert “or safeguarded rights”;
(b)in paragraph 13 after “rights” insert “or safeguarded rights”.
(5) In Schedule 2 (information to be made available to individuals)—
(a)in paragraph 4 after “rights” where that word last appears insert “or safeguarded rights”;
(b)in paragraph 11 after “rights” insert “or safeguarded rights”.
The definition of “pension credit member” is inserted by paragraph 61(3) of Schedule 12 to the Welfare Reform and Pensions Act 1999.
Section 68A is inserted by section 36 of the Welfare Reform and Pensions Act 1999.
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