The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014

23.  Except in the case of a money purchase scheme that is a wholly insured scheme, the following information—

(a) where any cash equivalents or guaranteed cash equivalents (within the meaning of Chapter 4 of Part 4, or Chapter 2 of Part 4A, of the 1993 Act) paid during the year were not calculated and verified in the manner prescribed by regulations made under section 93(1) or 97I of the 1993 Act (calculation of cash equivalents), as the case may be, a statement explaining why;

(b) where any of the cash equivalents or guaranteed cash equivalents paid during the year were less than the amount for which section 90(1)(2) of the 1993 Act (right to cash equivalent) provides, a statement to that effect together with information as to why they were less;

(c) a statement of when full values became, or are likely to become, available, and

(d) a statement whether discretionary benefits are included in the calculation of the transfer values and, if so, the method by which the value of discretionary benefits is assessed.

(1)

Section 93 was amended by paragraph 6 of Schedule 4 to the Pensions (Northern Ireland) Order 1995 and paragraph 5(1) of Schedule 5 to the Child Support, Pensions and Social Security Act (Northern Ireland) 2000. Section 97I was inserted by Article 34 of the Welfare Reform and Pensions (Northern Ireland) Order 1999

(2)

Section 90 was amended by Article 150 of the Pensions (Northern Ireland) Order 1995, paragraph 24 of Schedule 9 to the Welfare Reform and Pensions (Northern Ireland) Order 1999 and paragraph 9 of Schedule 10 to the Pensions (Northern Ireland) Order 2005