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Explanatory Memorandum to Pensions (Northern Ireland) Order 2005

Part V – Financial Planning for Retirement

34.This Part makes provision in consequence of Part 4 of the Act which provides for the Secretary of State for Work and Pensions and the Department to promote and facilitate financial planning. In particular, it provides for the disclosure of certain information to facilitate such planning and provides powers to require schemes to provide combined pension forecasts and for employers to provide their employees with access to information and advice about pensions and saving for retirement.

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