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

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

8.—(1) The Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 1987(1) are amended in accordance with paragraphs (2) to (5).

(2) In regulation 4(6)(2) (basic information about the scheme) for “, 11, 12 or 13” substitute “or 11”.

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

(a) in paragraph (3)(3)—

(i) omit “Whether or not the scheme is or has been an appropriate scheme,”;

(ii) omit “who has no protected rights under the scheme”;

(b) omit paragraph (4).

(4) In Schedule 1 (basic information about the scheme) omit paragraphs 9(4), 12 and 13.

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

(a) in paragraph 2 for sub-paragraph (1) substitute—

“(1) As at a specified date, the value of the member’s accrued rights under the scheme.”;

(b) omit paragraph 4(5);

(c) in paragraph 5(6) omit the words from “, including, where the scheme is an appropriate scheme” to the end;

(d) for paragraph 8 substitute—

“8.   An account of the amount by which the member’s accrued rights have been reduced, and of the arrangements which have been made by the scheme, or are open to the member, to restore the value of his accrued rights under the scheme.”;

(e) in paragraph 9 after sub-paragraph (2)(7) add—

“(3) A statement that explains the member’s protected rights will become ordinary scheme rights under pensions legislation from the date that the scheme ceased to be an appropriate 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.”;

(f) omit paragraphs 10(8) and 11.

(1)

S.R. 1987 No. 288; relevant amending Regulations are S.R. 1988 No. 107, S.R. 1992 No. 304, S.R. 1996 No. 95, S.R. 1997 No. 160, S.R. 2003 No. 256, S.R. 2007 No. 185 and S.R. 2012 No. 120

(2)

Regulation 4(6) was amended by regulation 6(b) of S.R. 1988 No. 107 and regulation 19 of S.R. 1992 No. 304

(3)

Paragraph (3) was amended by regulation 6(c) of S.R. 1988 No. 107 and regulation 20(b) of S.R. 1992 No. 304

(4)

Paragraph 9 was substituted by regulation 2(4)(a) of S.R. 2003 No. 256

(5)

Paragraph 4 was amended by Article 2(5) of S.R. 2009 No. 113

(6)

Paragraph 5 was amended by regulation 2(b) of S.R. 2007 No. 185

(7)

Sub-paragraph (2) is added by regulation 4(7)(c)(ii) of S.R. 2012 No. 120

(8)

Paragraph 10 was amended by paragraph 1(5) of the Schedule to S.R. 1997 No. 160