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The Occupational Pension Schemes (Age-related Payments) Regulations 1997
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- 1997 No. 946
- Regulation 9
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Disclosure to prospective members that the age-related payment will not be paid on admission to a money purchase scheme or money purchase part
9.—(1) If admission to a scheme might, under regulations 3, 4, 6 or 7 of these Regulations, result in an age-related payment not being paid, the trustees or managers shall as of course, where practicable, give every prospective member the information set out in paragraph (2) of this regulation and where it has not been practicable to do so, such information shall be given to a person within 2 months of his admission to the scheme.
(2) The information referred to above is—
(a)the circumstances in which the age-related payment may not be paid in respect of him if he is admitted to the scheme,
(b)that if the age-related payment is not paid, his benefits under the scheme may not be as much as they would otherwise have been.
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