SCHEDULES
SCHEDULE 17

Automatic transfer of pension benefits etc
Part 1

Automatic transfer of pension benefits

Information to be given to qualifying members of automatic transfer schemes
5
1
The regulations must require a prescribed person to give information to a qualifying member of an automatic transfer scheme who has transferable benefits under another scheme for the purpose of helping the member to decide whether (as applicable)—
a
to consent to the giving of a transfer notice in relation to the transferable benefits, or
b
to opt out of the transfer of the cash equivalent of the transferable benefits.
2
The information to be given—
a
must include information about the effect of the regulations, and in particular the member's power to consent or right to opt out (as applicable);
b
may include other information, for example information about the schemes.