PART VFINANCIAL PLANNING FOR RETIREMENT
Retirement planning
Supply of housing benefit information213
1
Section 116D of the Social Security Administration (Northern Ireland) Act 1992 (c. 8) (supply of information by the Housing Executive) is amended as follows.
2
In subsection (1) for “or employment or training” substitute “
, employment or training, private pensions policy or retirement planning
”
.
3
After subsection (2) insert—
2A
Information supplied under subsection (2) may be used for any purpose relating to private pensions policy or retirement planning.
4
After subsection (5) add—
6
In this section—
“private pensions policy” means policy relating to occupational pension schemes or personal pension schemes;
“retirement planning” means promoting financial planning for retirement.
Combined pension forecasts214
1
Regulations may require the trustees or managers of an occupational or personal pension scheme to provide any member of the scheme with—
a
the information specified in paragraph (2), together with
b
the information specified in paragraph (3).
2
The information referred to in paragraph (1)(a) is information relating to the member which—
a
is state pension information for the purposes of section 38 of the 2000 Act,
b
has been disclosed to the trustees or managers under that section (or, by virtue of that section, is treated as having been so disclosed), and
c
is of a description specified in the regulations.
3
The information referred to in paragraph (1)(b) is information which—
a
relates to the pensions and other benefits likely to accrue to the member, or capable of being secured by him, under the scheme, and
b
is of a description specified in the regulations.
4
Regulations under paragraph (1) may require information referred to in that paragraph to be provided at a time or times specified in the regulations.