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The Pensions (2008 No. 2 Act) (Abolition of Protected Rights) (Consequential Provisions) Order (Northern Ireland) 2012

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Amendment of the Occupational Pension Schemes (Disclosure of Information) Regulations

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18.—(1) The Occupational Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 1997(1) are amended in accordance with paragraphs (2) to (5).

(2) In regulation 1(2) (interpretation) omit the definition of “mixed benefit contracted-out scheme”(2).

(3) In regulation 5 (information to be made available to individuals)—

(a)in paragraph (5ZA)(b) and (f)(3) for “paragraph 6(1)(b) of Schedule 2” substitute “paragraph 6(1) of Schedule 2”;

(b)omit paragraph (5A)(4).

(4) In Schedule 1 (basic information about the scheme) omit paragraphs 12A(5) and 14.

(5) In Schedule 2 (information to be made available to individuals)—

(a)in paragraph 6—

(i)for sub-paragraph (1) substitute—

(1) The value of the member’s accrued rights under the scheme at a specified date.;

(ii)in sub-paragraph (2) for “sub-paragraph (1)(a) or (b) or both” substitute “sub-paragraph (1)”;

(b)omit paragraph 6A(6);

(c)in paragraph 8 after sub-paragraph (2)(7) add—

(3) A statement that explains that the member’s protected rights will become ordinary scheme rights under pensions legislation from the date the scheme ceased to be a money purchase contracted-out scheme, and that where the member is married or has a civil partner, there is no longer a statutory requirement for the scheme to provide a survivor’s pension or annuity.;

(d)omit paragraph 9(8);

(e)for paragraph 10(9) substitute—

10.  An account of the amount by which the member’s accrued rights have been reduced, and of the action taken by the trustees, or which is open to the member to take, in order, so far as may be possible, to restore the value of his accrued rights under the scheme..

(2)

The definition of “mixed benefit contracted-out scheme” was inserted by paragraph 19(2)(a) of the Schedule to S.R. 1997 No. 160

(3)

Paragraph (5ZA) was inserted by regulation 3(3)(b) of S.R. 2002 No. 410 and was amended by regulation 3(5)(b) of S.R. 2010 No. 373

(4)

Paragraph (5A) was inserted by paragraph 19(4)(a) of the Schedule to S.R. 1997 No. 160

(5)

Paragraph 12A was inserted by paragraph 19(6) of the Schedule to S.R. 1997 No. 160

(6)

Paragraph 6A was inserted by paragraph 19(7) of the Schedule to S.R. 1997 No. 160

(7)

Sub-paragraph (2) is added by regulation 8(4)(c)(iii) of S.R. 2012 No. 120

(8)

Paragraph 9 was amended by Article 5(b) of S.R. 2009 No. 113

(9)

Paragraph 10 was amended by Article 5(c) of S.R. 2009 No. 113

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