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

PART 1 Information to be given by occupational pension schemes during winding up

1.  A statement that the scheme is being wound up.

2.  The reasons why the scheme is being wound up.

3.  Where Article 22(1) of the 1995 Order (circumstances in which following provisions apply) applies, a statement that at least one of the trustees of the scheme is required to be an independent person by Article 23(2) of that Order.

4.  In the case of active members, whether death in service benefits will continue to be payable.

5.  A summary of the action that is being taken, and that has been taken, to—

(a) establish the scheme’s liabilities, and

(b) recover any assets.

6.  An estimate of when—

(a) the scheme’s liabilities are likely to be established, and

(b) any assets are likely to be recovered.

7.  Either—

(a) an indication of the extent to which (if at all) the actuarial value of accrued rights or benefits are likely to be reduced, or

(b) a statement that there is insufficient information to provide such an indication.

(1)

Article 22 was amended by Article 32(2) of, and paragraph 34 of Schedule 10 to, the Pensions (Northern Ireland) Order 2005 and paragraph 158 of Schedule 1 to S.I. 2009/1941

(2)

Article 23 was substituted by Article 32(3) of the Pensions (Northern Ireland) Order 2005