Amendment of Schedule 2 to the Occupational Pension Schemes Disclosure Regulations
14. In Schedule 2 to the Occupational Pension Schemes Disclosure Regulations (information to be made available to individuals)—
(a)in paragraphs 4(a)(i) and 4(b) for the word “on” in the first place in which it occurs in each of those paragraphs there shall be substituted the words “within one month of”;
(b)in paragraph 4(a)(iii) for the words “the date on which the information is furnished to him” there shall be substituted the words “a specified date being the date on which the information is furnished to him or a date within one month thereof”;
(c)in paragraph 4B, for sub-paragraph (a) there shall be substituted the following sub-paragraph—
“(a)The amount of contributions (before the making of any deductions) credited to the member under the scheme during the immediately preceding scheme year and, where the scheme was for the whole or any part of the period a contracted-out scheme, the amount of those contributions which is attributable to—
(i)the minimum payments to the scheme made in respect of the member by his employer during the immediately preceding scheme year; and
(ii)the payments (if any) made to the scheme by the Secretary of State in accordance with section 7(1) of the Social Security Act 1986(1) (schemes becoming contracted-out between 1986 and 1993) in respect of the member during the immediately preceding scheme year.”;
(d)in paragraph 4C, for sub-paragraph (a) there shall be substituted the following sub-paragraph—
“(a)The value of—
(i)the member’s protected rights under the scheme as at a specified date; and
(ii)the member’s accrued rights (other than his protected rights) under the scheme at the same or another specified date.”;
(e)after paragraph 12 there shall be added the following paragraphs—
“13. Where it is proposed that a member’s accrued rights are to be transferred to another scheme in accordance with regulation 12 of the Occupational Pension Schemes (Preservation of Benefit) Regulations 1991(2) (transfer of member’s accrued rights without consent), information about the proposed transfer, including full information on the value of all the rights to be transferred including accrued rights, rights of survivors and rights in respect of death in service benefits.
(a)an independent person who has been appointed as an independent trustee of the scheme under section 57C(2)(b) of the Act (requirement for independent trustee where employer is insolvent etc.);
(b)a person who was appointed as an independent trustee of the scheme under that section but who has ceased to be an independent trustee.
15. Where more than one independent trustee of the scheme has been appointed under section 57C(2)(b) of the Act, details of any arrangements made between those independent trustees concerning the exercise of powers by them under section 57D(5) of the Act.
16. Where no independent trustee has been appointed under section 57C(2)(b) the name and address of each trustee who is an independent person as referred to in that section.
17. Where payments have been, or should in accordance with scheme rules have been, deducted by an employer from a member’s remuneration to meet the member’s liability to contribute to the scheme, any failure by the employer to forward the sums deducted, or due to be deducted, to the trustees within 3 months of the date on which they were, or were due to be, deducted.”.
S.I.1991/167. Amendment of regulation 8 of the Occupational Pension Schemes Disclosure Regulations