The Personal and Occupational Pension Schemes (Protected Rights) Regulations (Northern Ireland) 1997

Personal pension schemes — notifications to the Department

16.—(1) Within 5 weeks after effect has been given to the protected rights of a member of a personal pension scheme, the trustees or managers of that scheme shall notify the Department in writing that effect has been given to those rights, giving such particulars as the Department may require to enable it—

(a) to identify the means by which effect has been given to them;

(b) where effect has been given to them by means of a pension, annuity or by the making of payments under an interim arrangement or lump sum, to identify the recipient of it;

(c) where effect has been given to them by means of an annuity, to identify the insurance company responsible for paying the annuity;

(d) where effect has been given to them by means of a transfer payment, to identify the personal or occupational pension scheme to which the transfer payment was made; and

(e) where effect has been given to them by means of a payment under an interim arrangement, to identify the appropriate scheme in respect of the interim arrangement and the starting date.

(2) The trustees or managers of a personal pension scheme which is or has been an appropriate scheme shall, if required to do so by the Department, in such manner and at such times as it may require, furnish to it such information relating to members of the scheme as it may require in order to know for what, if any, protected rights the scheme is responsible, and from what minimum contributions, minimum payments or transfer payments they derive.