http://www.legislation.gov.uk/uksi/2000/1403The Stakeholder Pension Schemes Regulations 2000texttext/xmlenPENSIONSStatute Law Database2023-11-20Expert Participation2022-08-01 These Regulations are made principally under sections 1 to 8 of the Welfare Reform and Pensions Act 1999 (“the Act"), and other provisions listed in Schedule 1 to the Regulations, to make provision in connection with stakeholder pension schemes introduced by Part I of that Act. Apart from Part IV (which provides for the obligations of employers), the Regulations come into force on 1st October 2000. 2000 No. 1403PENSIONSThe Stakeholder Pension Schemes Regulations 2000 Made24th May 2000 Laid before Parliament25th May 2000 Coming into force Parts I to III and V1st October 2000 Part IV8th October 2001 The Secretary of State for Social Security, in exercise of the powers conferred upon him by the provisions set out in Schedule 1 and of all other powers enabling him in that behalf, after consultation with such persons as he considers appropriate, hereby makes the following Regulations:—PART I GENERAL Citation, commencement and interpretation11These Regulations may be cited as the Stakeholder Pension Schemes Regulations 2000.2Parts I to III and V of these Regulations shall come into force on 1st October 2000 and—aregulation 23 shall come into force on 6th April 2001; andbPart IV (except regulation 23) shall come into force on 8th October 2001.3In these Regulations—“the Act" means the Welfare Reform and Pensions Act 1999 ;“the 1993 Act" means the Pension Schemes Act 1993;“the 1995 Act" means the Pensions Act 1995; “address” means postal address (except in the phrases “postal address”, “electronic address” and “website address”);“beneficiary", in relation to a stakeholder pension scheme, means any person who has rights under the scheme which have arisen as a result of the death of a member of the scheme; ... ... “dilution levy” has the meaning given by the FCA Handbook; “electronic communication” has the same meaning as in section 15(1) of the Electronic Communications Act 2000; “the FCA Handbook” means the Handbook made by the Financial Conduct Authority under the Financial Services and Markets Act 2000; ‘illustration date’ means, in relation to any information provided, or to be provided, under regulation 18A(2), the date specified by the trustees or manager as the date by reference to which amounts are calculated for the purpose of providing the information;...... “insurer” means—a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance, ......... “lifestyling” has the meaning given by regulation 10A(5); ...... ‘non-contributing member’ means—...... a member in respect of whom no further contributions to the scheme are due or expected after the illustration date;“pension arrangement" means—an annuity contract;an insurance policy; or a qualifying recognised overseas pension scheme as defined in section 169 of the Finance Act 2004;which has effect, or is capable of having effect, so as to provide benefits on termination of employment or on death or retirement, to or in respect of earners;“property" includes land;“qualifying scheme" shall, in respect of an employer, include any stakeholder pension scheme which has at any time been designated by the employer under section 3(2); “relevant guidance” means the document entitled “AS TM1: Statutory Money Purchase Illustrations” that is adopted or prepared, and from time to time revised, by the Financial Reporting Council Limited;“reporting accountant" has the meaning given to it by regulation 11(3); ‘retirement date’ means, in relation to a member—the date which he has specified to the trustees or manager, and which is acceptable under the rules of the scheme, for the purpose of regulation 18A(2); orwhere no acceptable date has been specified for that purpose, the date specified by the trustees or manager as being the appropriate date for the purpose of regulation 18A(2) ;“scheme instruments” means instruments establishing a stakeholder pension scheme; “securities” means investments of the following kinds—shares,instruments creating or acknowledging indebtedness,government and public securities,instruments giving entitlements to investments,certificates representing securities,...; “statement year” has the meaning given by regulation 18; “tax relief” has the meaning given by Chapter 4 of Part 4 of the Finance Act 2004 (registered pension schemes: tax reliefs and exemptions);“transfer payment" means a payment in respect of a person’s accrued rights under a pension scheme or pension arrangement made with a view to acquiring rights under another pension scheme or pension arrangement for that person; and“with-profits fund" means a fund, maintained by an insurer in respect of a particular part of its long-term business for which—separate accounting records are maintained by the insurer in respect of all income and expenditure relating to that part of its business; andthe benefits payable in respect of policies allocated to that fund are determined partly by reference to a discretion exercisable by any person.3AThe definitions of “insurer” and “securities” in paragraph (3) must be read with—asection 22 of the Financial Services and Markets Act 2000;bany relevant order under that section; andcSchedule 2 to that Act.4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5Sections 249 and 435 of the Insolvency Act 1986 (connected and associated persons) and section 74 of the Bankruptcy (Scotland) Act 1985 (associated persons), apply for the purposes of regulation 4(3) as they apply for the purposes of those Acts respectively.6For the purposes of these Regulations and section 1(8) and (9) (which provide that stakeholder pension schemes must have tax-exemption or tax-approval and must not refuse to accept transfer payments except in so far as necessary to ensure that the scheme has such exemption or approval) “tax-registration” and “tax-registered” mean registration or, as the case may be, registered under section 153 of the Finance Act 2004.7In these Regulations, unless the context otherwise requires, references to a section are to a section of the Act.8...PART II CONDITIONS APPLYING TO STAKEHOLDER PENSION SCHEMES Manner of establishment21A stakeholder pension scheme may (where not established under a trust) be established by means of one or more instruments in writing which provide for one or more contracts to be entered into between the manager of the scheme and each member of the scheme, or a person acting on his behalf.2The manager of the scheme must be a person who is mentioned in section 154(1)(b) of the Finance Act 2004 (persons by whom registered pension scheme may be established).3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Requirements applying to all stakeholder pension schemes as regards instruments establishing such schemes31Subject to paragraph (2), the scheme instruments must prohibit the acceptance of credits within the meaning of section 29 (pension sharing: creation of pension debits and credits), contributions and transfer payments to the scheme before 6th April 2001.2Paragraph (1) shall not apply to a scheme in respect of which an application for registration under section 2 (registration of stakeholder pension schemes) is first made on or after 6th April 2001.3The scheme instruments must require that no member is required to make any choice as regards the investment under the scheme of any payment made to it by him or on his behalf, any amount credited to the member’s account in respect of a credit within the meaning of section 29 (pension sharing: creation of pension debits and credits), or any income or capital gain arising from the investment of such a payment or credit.4The scheme instruments must, except to the extent permitted under regulations 13, 14 or 14B, prohibit the use of—aany payment made to the scheme by or on behalf of a member;bany amount credited to a member’s account in respect of a credit within the meaning of section 29 (pension sharing: creation of pension debits and credits);cany income or capital gain arising from the investment of such a payment or credit; ordthe value of his rights under the scheme,in any way which does not result in the provision of benefits for or in respect of the member.5The scheme instruments must require that—aif the scheme ceases to be registered under section 2 the winding-up of the scheme be commenced on the date on which it is notified in writing by the ... Authority that it is no longer so registered;bif the trustees or manager fix a time for winding-up a scheme for any reason other than because the scheme ceases to be registered under section 2, the winding-up of the scheme be commenced at the earliest time fixed by the trustees or manager as the time from which steps for the purposes of winding-up are to be taken;cwithin 2 weeks of the date of commencement of any winding-up, the trustees or manager notify in writing any employers whom they know to have designated the scheme for the purposes of section 3 (duty of employers to facilitate access to stakeholder pension schemes) of the fact of, and the reason for, the winding-up including, where the scheme has ceased to be registered under section 2, the reason for the cessation of registration;dany contributions made to a scheme after the date of commencement of any winding-up must be repaid—ito the member, to the extent of his contributions; andiias to any remainder, to his employer;esubject to paragraphs (8) and (9) below, on any winding-up all rights under the scheme shall be discharged by the trustees or managers of the scheme within 12 months of the commencement of winding-up, or as soon thereafter as is practicable, by the making of transfer payments—ito other stakeholder pension schemes, or schemes registered under Article 4 of the Welfare Reform and Pensions (Northern Ireland) Order 1999 ; oriiin accordance with requests by one or more members or beneficiaries in respect of their rights, to the trustees or managers of pension schemes or pension arrangements which are not schemes mentioned in head (i) above,in accordance with paragraphs (6) and (7) below and regulation 6 or, where regulation 7 applies, with regulation 7; andfif the scheme fails to complete winding-up within 12 months of commencing winding-up proceedings, the trustees or manager notify the ... Authority of that fact within one month of so failing to complete the winding-up.5ASubject to paragraph (10) and to regulation 17(1) and (5), except to the extent necessary to ensure that the scheme maintains its tax-registration, the scheme instruments must preclude membership of the scheme being restricted by reference to—afinancial status;bthe amount of contributions to be made to the scheme;cthe manner in which contributions may be made to the scheme.5BThe scheme instruments must, except to the extent necessary to ensure that the scheme maintains its tax-registration, permit as means of payment of contributions to the scheme payment from a bank account or building society account by—acheque;bdirect debit;cstanding order;ddirect credit (other than standing order),and (for the avoidance of doubt) for the purposes of this paragraph, those means of payment do not include payment by cash, credit card or debit card (or by any combination thereof).6A transfer payment referred to in paragraph (5)(e) must be of an amount not less than the cash equivalent of the member’s rights under the scheme, as calculated and verified in a manner consistent with regulations made under section 97 of the 1993 Act (calculation of cash equivalents) on the date on which the payment is made.7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8Paragraph (5)(e) does not apply to rights to which effect is given under the scheme by the payment of an annuity (not being a deferred annuity) or a lump sum either to the member or, on or after his death, to another person.9For the purposes of paragraph (8), a deferred annuity is an annuity under the terms of which payment does not commence immediately but at a time in the future.10Paragraph (5A) shall not preclude membership being restricted by reference to—aemployment with a particular employer or in a particular trade or profession; orbmembership of a particular organisation.11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Additional requirements as regards instruments establishing a stakeholder pension scheme established under a trust41. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 The scheme instruments of a scheme established under a trust (“the trust instruments”) must require that—aunless sub-paragraph (b) applies, at least one trustee and at least one-third of the total number of trustees is neither connected with nor an associate of any person providing services to or otherwise managing the scheme (other than as a trustee);bwhere a company is trustee of the scheme and there is no trustee of the scheme who is not a company, at least one of the directors of the company and at least one-third of the total number of its directors is neither connected with nor an associate of any person providing services to or otherwise managing the scheme (other than as a trustee).4The trust instruments must not—aenable any of the provisions required by regulation 3 , by this regulation or by regulation 6 to be modified or disapplied;bhave a condition that the trustees must obtain the consent of any person before making any decision about investments for the purposes of the scheme; orcexcept in so far as otherwise required by or under any enactment, preclude the trustees from amending the trust instruments to provide for different investments to be held for the purposes of the scheme. Additional requirements as regards instruments establishing a stakeholder pension scheme not established under a trust5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Procedure for discharging rights on winding-up61The scheme instruments must require that, where the winding-up of a stakeholder pension scheme has commenced, the trustees or manager must, except in cases where regulation 7 applies, make transfer payments in respect of members’ rights in accordance with the procedure set out in paragraphs (2) to (9) of this regulation.2The trustees or manager shall no later than 4 months after the commencement of winding-up give notice to each member stating—athat they propose to make a transfer payment in respect of his rights under the scheme to their choice of a stakeholder pension scheme or a scheme registered under Article 4 of the Welfare Reform and Pensions (Northern Ireland) Order 1999, that scheme to be named in the notice, unless the member applies for the transfer payment to be made to a pension scheme or pension arrangement of his choice;bthe value of the member’s rights at the date that the scheme commenced winding-up, being an amount not less than the cash equivalent of those rights on that date, as calculated and verified in a manner consistent with regulations made under section 97 of the 1993 Act (calculation of cash equivalents); andcthat, unless the member applies within 4 months of the date of the notice for a transfer payment to be made to a pension scheme or pension arrangement of his choice, a transfer payment may be made without his consent to the scheme named in the notice as the scheme of the trustees’ or manager’s choice.3If any member makes an application for a transfer payment to be made to a pension scheme or pension arrangement of his choice (whether or not the application is made under section 95 of the 1993 Act (ways of taking right to cash equivalent) ) the trustees or manager shall, unless paragraph (4) of this regulation applies, do what is needed to carry out what the member requires within one month of receiving the member’s application.4This paragraph applies where—ait is not possible for the trustees or manager to do what is needed to carry out what the member requires within 12 months of the date of commencement of winding-up;bit would contravene the terms of the scheme’s tax-registration, or any provision of the scheme required to be included as a condition of any such registration, for the trustees or manager to do what is needed to carry out what the member requires; orcthe member withdraws his application before the trustees have or the manager has done what is needed to carry out what he requires.5Where paragraph (4)... applies in relation to the first such application made by the member as is mentioned in paragraph (3), the trustees or manager shall as soon as practicable give notice to the member stating—awhere sub-paragraph (a) or (b) of paragraph (4) applies, that they cannot carry out what he requires and the reasons why not;bthat if he does not make a further application such as is mentioned in paragraph (3) they propose to make a transfer payment in respect of his rights as set out in the notice given in accordance with paragraph (2); andcthat, unless he makes such further application within one month of the date of the notice given in accordance with this paragraph, such a transfer payment may be made without his consent.6In any case where—athe trustees do not or the manager does not receive any such application as is mentioned in paragraph (3) within 4 months of the date of the notice given in accordance with paragraph (2);b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .cparagraph (4)... applied in respect of the first such application made by the member and—ithe trustees or manager, having given notice to the member in accordance with paragraph (5), do not receive any such further application as is mentioned in that paragraph within one month of the date of the notice; oriithe trustees or manager, having given such notice, have received a further application such as is mentioned in paragraph (5) within one month of that date but paragraph (4) applies in respect of that further application,the trustees or manager may make a transfer payment in respect of the member’s rights to the pension scheme named in the notice mentioned in paragraph (2) as the scheme of their choice.7The trustees or manager shall, within one month of making a transfer payment under paragraph (3) or (6), give notice to the member stating the amount of the payment, the name and address of the scheme to which it has been made and the date on which it was made.8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9For the purposes of this regulation “member" includes “beneficiary". Procedure for discharging on winding-up rights of members with whom the trustees or manager have lost contact71This regulation applies in respect of any member—awhose present postal address and electronic address is not known to the trustees or manager;bin respect of whom the trustees or manager have sent correspondence to their last known—ipostal address and that correspondence has been returned, oriielectronic address and the trustees or manager are satisfied that that correspondence has not been delivered; andcin respect of whom no contribution has been made to the scheme by or on behalf of the member during the two calendar years preceding the commencement of winding-up of the scheme.2In cases where this regulation applies, the trustees or manager shall on the winding-up of the scheme make a transfer payment in respect of the member’s rights to their choice of a stakeholder pension scheme, or to a scheme registered under Article 4 of the Welfare Reform and Pensions (Northern Ireland) Order 1999 and need give no notice of the transfer payment to the member either before or after it is made. Requirement applying to all stakeholder pension schemes as regards investments81For the purposes of section 1(1)(b), it shall be a condition of a scheme being a stakeholder pension scheme that the requirements of this regulation are complied with.2Except where monies are held temporarily on deposit in the course of dealing in assets for the purposes of the scheme, the trustees or manager must ensure that there is derived, from any part of the funds of the scheme that are held on deposit, a return accruing on a daily basis that is, net of any fees or charges, not less than the base rate minus 2 per cent. per annum.3Where the base rate is increased, paragraph (2) shall apply as if the reference to the base rate in that paragraph were—awithin one calendar month of the date of the increase, a reference to the base rate immediately before the increase; andbafter that calendar month has elapsed, a reference to the base rate as increased.4The trustees or manager shall not directly hold, for the purposes of the scheme, units or shares in a collective investment scheme (within the meaning of section 235 of the Financial Services and Markets Act 2000 (interpretation: definition of 'collective investment scheme’)) unless it is a requirement of the collective investment scheme that the purchase and sale price of those units or shares shall, at any given time, not differ from each other.5The trustees or manager shall not directly hold, for the purposes of the scheme, rights under a contract of insurance which are expressed as units or shares in funds held by the insurer unless it is a requirement of the contract of insurance that the purchase and sale price of those units or shares shall, at any given time, not differ from each other.6In this regulation—“base rate" means the rate for the time being quoted by the reference banks as applicable to sterling deposits or, where there is for the time being more than one such base rate, the rate which, when the base rate quoted by each bank is ranked in a descending sequence of seven, is fourth in the sequence; “contract of insurance” means a contract—which, or any part of which, is of one or more of the following kinds—life and annuity,linked long term,pension fund management, andwhich is carried out by an insurer who has permission, as the case may be, under—Part 4 of the Financial Services and Markets Act 2000, orparagraph 15 of Schedule 3 to that Act,to effect or carry out contracts of insurance of that kind;... “reference banks” means the seven largest persons for the time being who—have permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits,are incorporated in the United Kingdom and carrying on there a regulated activity of accepting deposits; andquote a base rate applicable to sterling deposits,and for the purpose of this definition the size of a person at any time is to be determined by reference to the gross assets denominated in sterling of that person, together with any subsidiary (as defined in section 736 of the Companies Act 1985) , as shown in the audited end of year accounts last published before that time.7References to a “deposit” in this regulation, together with the definitions of “contract of insurance” and “reference banks” in paragraph (6) must be read with—asection 22 of the Financial Services and Markets Act 2000;bany relevant order under that section; andcSchedule 2 to that Act. Requirement for statement of investment principles for schemes not established under trust91Subject to paragraph (2), for the purposes of section 1(1)(b), it shall be a condition of a scheme being a stakeholder pension scheme that the requirements of this regulation are complied with.2This regulation does not apply to a scheme established under a trust.3The manager of the scheme must secure that there is prepared, maintained and from time to time revised a written statement of the principles governing decisions about investments for the purposes of the scheme.4The statement must cover the manager’s policy about the following matters—athe kinds of investments to be held;bthe balance between different kinds of investments;crisk;dthe expected return on investments;ethe realisation of investments;fthe extent (if at all) to which social, environmental or ethical considerations are taken into account in the selection, retention and realisation of investments; andgthe exercise of the rights (including voting rights) attaching to investments.5Subject to paragraph (6), where a copy of the latest statement mentioned in paragraph (3) is requested by a member, the statement shall, within 2 months of the request, be furnished to that member either—afree of charge; orbwhere a charge is made, at an amount that does not exceed the expense incurred in copying, posting and packing the statement.6A copy of the statement mentioned in paragraph (3) need not be furnished to the same person within 12 months of the person last being given such a copy unless the statement has changed during that 12 month period.7In this regulation “member" includes “beneficiary". Requirement for manager of schemes not established under a trust to have regard to certain matters, and to take advice, relating to investment101Subject to paragraph (2), for the purposes of section 1(1)(b), it shall be a condition of a scheme being a stakeholder pension scheme that the requirements of this regulation are complied with.2This regulation does not apply to a scheme established under a trust.3The manager of the scheme, and any person managing funds held for the purposes of the scheme, must, in investing such funds or in selecting investment options offered to members of the scheme, have regard to—athe need for diversification of investments, in so far as appropriate to the circumstances of the scheme; andbthe suitability for the purposes of the scheme of any investment or investment option proposed.4The manager of the scheme, and any person managing funds held for the purposes of the scheme, must, before making any investment or selecting any investment option for the purposes of the scheme, obtain and consider proper advice as to whether the investment or investment option is satisfactory having regard to the matters mentioned in paragraph (3) and the principles contained in the statement under regulation 9.4AThe manager of the scheme, and any person managing funds held for the purposes of the scheme, must, if retaining any investment or investment option for the purposes of the scheme—adetermine at what intervals the circumstances, and in particular the nature of the investment or investment option, make it desirable to obtain and consider in relation to that investment or investment option such advice as is mentioned in paragraph (4); andbobtain and consider such advice accordingly.5For the purposes of this regulation“proper advice" means—awhere the giving of advice constitutes a regulated activity of advising on investments (or would constitute such a regulated activity but for the identity of the person carrying on that activity), advice given by a person who may give that advice without contravening the prohibition imposed by section 19 of the Financial Services and Markets Act 2000;bin any other case, the advice of a person whom the manager or person managing funds held for the purposes of the scheme reasonably believes to be qualified by his ability in and practical experience of financial matters and to have the appropriate knowledge and experience of the management of the investments of pension schemes.5AParagraph (5)(a) must be read with—asection 22 of the Financial Services and Markets Act 2000;bany relevant order under that section; andcSchedule 2 to that Act.6Paragraphs (4) and (4A)(b) do not apply to the extent that the manager or the person managing the scheme’s funds is a person who may himself give proper advice.7To the extent that paragraph (4) or (4A)(b) is disapplied by virtue of paragraph (6), the manager or person managing the scheme’s funds, being a person who may himself give proper advice—amust—ibefore making any investment or selecting any investment option for the purposes of the scheme, consider; andiiif so retaining any investment or investment option, consider at such intervals as are determined by him in relation to that investment or investment option under paragraph (4A)(a),whether the investment or investment option is satisfactory having regard to the matters mentioned in paragraph (3) and the principles contained in the statement under regulation 9; andbmust record in writing the reasons why he considers that any—iinvestment he makes or retains; oriiinvestment option he selects or retains,is satisfactory having regard to those matters and principles.8No person shall be regarded as having complied with—aparagraph (4) unless the advice to be obtained and considered by him under that paragraph is given or (by the giver of the advice) confirmed in writing;bparagraph (4A)(a) unless the determination to be made by him under that paragraph is recorded by him in writing;cparagraph (4A)(b) unless the advice to be obtained and considered by him under that paragraph is given or (by the giver of the advice) confirmed in writing.<Addition ChangeId="key-93015b2f69cd248b416396d312935944-1581947774660" CommentaryRef="key-93015b2f69cd248b416396d312935944">Requirement as regards the investment strategy for members nearing retirement</Addition>10A1Subject to regulation 10B, for the purposes of section 1(1)(b) it shall be a condition of a scheme being a stakeholder pension scheme that the requirements of this regulation are complied with.2Except in so far as paragraph (3) and regulation 10C provide otherwise, the trustees or manager of a scheme shall make the rights of a member under the scheme subject to lifestyling if the member has made no choice as regards any investment made under the scheme on his behalf.3Paragraph (2) does not apply in relation to the rights of a person who became a member of the scheme before 6th April 2005 unless he requests that his rights should be made subject to lifestyling, in response to the notification provided for in regulation 10D(3).4Where the amount representing the value of a member’s rights is divided into different tranches, in respect of which different retirement dates are specified, paragraph (2) applies separately in relation to the member’s rights regarding each tranche.5In these Regulations, “lifestyling” means the process, applied from the relevant date and continuing until the member’s retirement date, by which an investment strategy is adopted by the trustees or manager which aims progressively to reduce the potential for significant variation in the value of the member’s rights caused by market conditions from time to time.6In paragraph (5), “the relevant date” means a date chosen by the trustees or manager, which is at least five years before the member’s retirement date, or which is—ain the case of a member who joins the scheme less than five years before his retirement date, as soon as is reasonably practicable after he becomes a member, andbin the case of a member whose retirement date is varied so as to become a date less than five years before the date of the variation, as soon as is reasonably practicable after the date of the variation.<Addition ChangeId="key-93015b2f69cd248b416396d312935944-1581947774660" CommentaryRef="key-93015b2f69cd248b416396d312935944">Exclusion of regulation 10A in relation to a scheme</Addition>10B1If, before 6th April 2005, the trustees or manager of a scheme resolved that no new member should be admitted to the scheme on or after that date—aregulation 10A shall not apply to the scheme, andbit shall be a condition of the scheme being a stakeholder pension scheme that no new member is admitted.2Sub-paragraphs (a) and (b) of paragraph (1) shall cease to apply to a scheme if a resolution of the kind specified in that paragraph is revoked by a further resolution of the trustees or manager of the scheme on or after 6th April 2005.<Addition ChangeId="key-93015b2f69cd248b416396d312935944-1581947774660" CommentaryRef="key-93015b2f69cd248b416396d312935944">Transitional provisions relating to regulation 10A</Addition>10CIf, before 6th April 2005, the Occupational Pensions Regulatory Authority received a letter from the trustees or manager of a scheme stating the intention—ato establish, by 6th April 2006, arrangements to make the rights of any person who—ibecomes a member of the scheme on or after 6th April 2005 and before 6th April 2006, andiihas made no choice as regards any investment made under the scheme on his behalf,subject to lifestyling, andbto establish, by 6th October 2007, arrangements to make the rights of any person who—ibecame a member of the scheme before 6th April 2005, andiihas requested that his rights should be made subject to lifestyling, in response to the notification provided for in regulation 10D(3),subject to lifestyling,regulation 10A(2) does not apply in relation to the rights of a person of the kind described in sub-paragraph (a) until 6th April 2006, or in relation to the rights of a person of the kind described in sub-paragraph (b) until 6th October 2007.<Addition ChangeId="key-93015b2f69cd248b416396d312935944-1581947774660" CommentaryRef="key-93015b2f69cd248b416396d312935944">Notification requirements connected with regulations 10A and 10B</Addition>10D1For the purposes of section 1(1)(b) it shall be a condition of a scheme being a stakeholder pension scheme that the requirements of this regulation are complied with.2The trustees or manager of the scheme shall notify the Pensions Regulator of any resolution of the kind specified in regulation 10B(1) by 4th July 2005, and of any resolution of the kind specified in regulation 10B(2) within three months after the date of the resolution.3If regulation 10A applies to the scheme, the trustees or manager shall notify every member of the scheme—awho became a member before 6th April 2005;bwho has made no choice as regards any investment made under the scheme on his behalf, andcwhose rights are not already subject to lifestyling,in accordance with paragraph (4).4The notification provided for in paragraph (3) must—ainform the member—iof the purpose of lifestyling, and the manner in which it is provided for under the scheme;iiof the potential advantages and disadvantages to the member of applying lifestyling to his rights, andiiithat his rights will be made subject to lifestyling if he so requests, andbbe given before 6th April 2007, or, in a case where regulation 10A applies to the scheme by virtue of a resolution under regulation 10B(2), within two years of the date of that resolution.5If, by virtue of a resolution of the kind specified in regulation 10B(1), regulation 10A does not apply to the scheme, the trustees or manager shall notify every member of the scheme who has made no choice as regards any investment made under the scheme on his behalf in accordance with paragraph (6).6The notification provided for in paragraph (5) must—ainform the member—iof the purpose of lifestyling, and the fact that it is not provided for under the scheme, andiithat, if he so requests, his rights under the scheme can be transferred to another stakeholder pension scheme of his choice under which lifestying is provided for, andbbe given before 6th April 2007.7At least four months, but no more than two years, before applying lifestyling to the rights of a member whose rights are subject to lifestyling (or, where this is not reasonably practicable, as soon before applying lifestyling as is reasonably practicable), the trustees or manager shall notify the member of the fact that his rights are subject to lifestyling and of the date from which lifestyling will be applied.<Addition ChangeId="key-93015b2f69cd248b416396d312935944-1581947774660" CommentaryRef="key-93015b2f69cd248b416396d312935944">Changes notified by members</Addition>10EWhere—athe rights of a member of a scheme have been made subject to lifestyling;bthe application of lifestyling to those rights has not begun, andcthe member either—imakes a choice as regards any investment made under the scheme on his behalf, oriinotifies the trustees or manager of the scheme that he does not wish his rights to be subject to lifestyling,the rights of the member shall cease to be subject to lifestyling.2Where—athe application of lifestyling to the rights of a member of a scheme has begun, andbthe member notifies the trustees or manager of the scheme that he wishes to specify a different retirement date,the trustees or manager may opt to continue the application of lifestyling as if the member’s retirement date were unchanged. Requirement for manager of schemes not established under trust to appoint a reporting accountant111For the purposes of section 1(1)(b), it shall be a condition of a scheme being a stakeholder pension scheme that the requirements of this regulation are complied with.2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3There shall be appointed as reporting accountant for the scheme (“the reporting accountant”), by the trustees or manager of the scheme, a person who is eligible under paragraph (4) for such appointment.4A person is eligible for appointment as the reporting accountant only if he is eligible (but subject to paragraph (10)) under section 25 of the Companies Act 1989 for appointment as a company auditor.5The reporting accountant shall be appointed in writing and the notice of appointment shall specify—athe date on which the appointment is due to take effect;bto whom the reporting accountant is to report; andcfrom whom the reporting accountant is to take instructions.6The trustees or manager shall procure from the reporting accountant by the end of one month beginning with the date he received his notice of appointment a statement—aacknowledging in writing his receipt of his notice of appointment; andbconfirming in writing that he will notify the trustees or manager of any conflict of interest to which he is subject in relation to the scheme immediately he becomes aware of its existence.7It shall be a condition of the appointment of the reporting accountant that he agrees, in the event of his resignation ..., to serve on the trustees or manager a written notice of resignation containing—aa statement specifying any circumstances connected with the resignation which in his opinion significantly affect the interests of the members or prospective members of, or of beneficiaries under, the scheme, orba declaration that he knows of no such circumstances,7AWhere the reporting accountant is or becomes ineligible, by virtue of not or no longer being a person defined in paragraph (11) who satisfies the condition in paragraph (4), for his appointment as such—ahe shall not act as the reporting accountant (except if required to do so under paragraph (6), and except as required by his agreement under paragraph (7) and as required by sub-paragraphs (c) and (d));banything done for the purposes of these Regulations by him acting as such while ineligible in contravention of sub-paragraph (a) shall by the trustees or manager be taken for those purposes not to have been done;che shall resign (with immediate effect) by notice in writing immediately he becomes aware that he is ineligible;dhe shall state in that notice—ithat he is resigning by reason of ineligibility; andiithe ground on which he is or has become so ineligible;e... if he is still in place when the trustees or manager ... become aware... that he is or has become so ineligible, the trustees or manager shall remove him immediately.8Except in cases falling within paragraph (9), where the reporting accountant is removed by the trustees or manager or resigns or dies, the trustees or manager shall appoint, in accordance with this regulation, another reporting accountant—aas soon as is required in order to ensure that the provisions of regulation 12(2)(b) and (8) are complied with; andbin any event, by the end of 3 months beginning with the date of that removal, resignation or death.9Where under paragraph (7A) the reporting accountant resigns with immediate effect or is removed, the trustees or manager shall appoint, in accordance with this regulation, another reporting accountant—aas soon as is required in order to ensure that the provisions of regulation 12(2)(b) and (8) are complied with; andbin any event, by the end of one month beginning with the date of that resignation or removal.10For the purposes of paragraph (4), a person is not eligible under section 25 of the 1989 Act for appointment as a company auditor if section 34 of that Act applies to him (individuals retaining only authorisation under section 13(1) of the Companies Act 1967).11In this regulation references to a person are references to an individual, a body corporate or a partnership. <Substitution ChangeId="key-97b41f2813b80e61d159d643d13f6b3e-1581940126088" CommentaryRef="key-97b41f2813b80e61d159d643d13f6b3e">Requirement for declaration by trustees or manager</Substitution>121For the purposes of section 1(1)(b), it shall be a condition of a scheme being a stakeholder pension scheme that the requirements of this regulation are complied with.2Subject to paragraph (11), the trustees or manager of the scheme shall, no later than the end of 6 months beginning with each reporting date—amake a declaration in writing signed by the trustees or manager containing the statements set out in paragraph (5) in relation to the reporting period or, in so far as they are unable to make those statements, containing a statement explaining why they are unable to do so; andbobtain from the reporting accountant appointed by virtue of regulation 11 the statement specified in paragraph (7) or, in so far as the reporting accountant is unable to make that statement, a statement from the reporting accountant explaining why he is unable to do so.3Subject to paragraph (10), in this regulation “reporting date” means—ain the case of the first reporting date, a date chosen by the trustees or manager that is no later than the last day of the period of 12 months beginning with the date on which the scheme is registered under section 2 of the Act; andbin the case of each subsequent reporting date, a date chosen by the trustees or manager that is no later than the last day of the period of 12 months beginning with the date immediately following the previous reporting date.4Subject to paragraph (10), in this regulation “reporting period” means—ain the case of the first reporting period, the period beginning on the date of registration of the scheme under section 2 of the Act and ending on and including the first reporting date;bin the case of subsequent reporting periods, the period beginning on the date immediately following the previous reporting date and ending on and including the reporting date.5The statements specified in paragraph (2)(a) shall be—aa statement that in the opinion of the trustees or manager there are systems and controls in place which provide reasonable assurance that—iregulations 13, 14 and 14B have been complied with in relation to the scheme;iitransactions for the purposes of the scheme in securities, property or other assets have occurred at a fair market value;iiithe value of members' rights has been determined in accordance with the provisions in the instruments establishing the scheme; andivadequate records have been maintained for the purposes of providing to members the statement required by regulation 18A(1);ba statement describing the process that the trustees or manager have or has undertaken in order to arrive at the opinion expressed in the statement described in paragraph (5)(a);ca statement that in the opinion of the trustees or manager there are systems and controls in place which provide reasonable assurance that the scheme has complied with the conditions in section 1(1) of the Act, apart from those conditions that are covered by the statement in paragraph (5)(a); andda statement which explains that—iregulations 13, 14 and 14B impose limits on the amount of charges and deductions which may be made by a stakeholder pension scheme and on the manner in which charges may be made by such a scheme; andiiregulation 18A(1) requires a stakeholder pension scheme to provide an annual benefit statement to each member.6The trustees or manager shall provide the reporting accountant with documentation to demonstrate that the process described in the statement in paragraph (5)(b) has taken place.7The statement specified in paragraph (2)(b) shall be a statement that—athe reporting accountant has been provided with documentation as required by paragraph (6); andbnothing has come to the attention of the reporting accountant that is inconsistent with the statement made in paragraph (5)(b).8The trustees or manager shall make available to members and beneficiaries of the scheme on request the declaration made by the trustees or manager and the statement obtained from the reporting accountant in accordance with paragraph (2).9If the statement to be obtained by the trustees or manager under paragraph (2)(b) is obtained from the reporting accountant acting as such while ineligible in contravention of regulation 11(7A)(a)—athe trustees or manager shall not be regarded as having complied with paragraph (2)(b); andbfor the purposes of paragraph (8), the statement from the reporting accountant shall not be regarded as obtained in accordance with paragraph (2)(b).10Where a scheme is registered under section 2 of the Act on or before 6th April 2001—athe first reporting date shall be 5th April 2002; andbthe first reporting period shall be the period beginning on and including 6th April 2001 and ending on and including 5th April 2002.11Where the reporting date is on or before 30th September 2002 the trustees or manager of the scheme shall make the declaration specified in paragraph (2)(a) and obtain the statement specified in paragraph (2)(b) from the reporting accountant—aon or before 31st December 2002; orbby the end of 6 months beginning with the reporting date,whichever is later. Expenses, commission <Abbreviation Expansion="et cetera" xml:lang="la">etc.</Abbreviation>—principles131Except to the extent permitted by regulation 14 or 14B—ano payment made to a stakeholder pension scheme by or on behalf of any member;bno income or capital gain arising from the investment of such a payment;cno amount credited to a member’s account in respect of a credit within the meaning of section 29 (pension sharing: creation of pension debits and credits); anddno amount representing the value of any rights of a member under the scheme,shall be used in any way which does not result in the provision of benefits for or in respect of members.2Paragraph (1) does not apply—ato the extent that section 31 (pension sharing: pension debits), or any enactment in force in Northern Ireland corresponding to that section, applies to reduce the benefits or future benefits to which a member may be entitled under the scheme; orbto prevent the trustees or manager of a scheme from complying with an order of the court2ANothing in paragraph (1) shall be taken to prevent that which is permitted by or under any of the provisions mentioned in paragraph (4).3In this regulation and in regulations 14 and 14B below “member" includes “beneficiary".4The provisions referred to in paragraph (2A) are—a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .bsection 159 of the 1993 Act (inalienability of guaranteed minimum pension and protected rights payments);csections 91 to 94 of the 1995 Act and regulations under those sections (inalienability and forfeiture of occupational pensions); anddin the case of a pension scheme established under a trust which—iis not an occupational pension scheme; butiiis or has been registered under section 2;sections 91, 92 and 94 of the 1995 Act and the Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations 1997 (inalienability and forfeiture of occupational pensions) as those sections and Regulations have effect by virtue of section 6(3) of, and Schedule 1 to, the Act and of regulation 32.5This regulation and regulations 14 to 14C do not apply in the circumstances set out in regulation 14D. Charges etc.—permitted reductions in members’ rights141The value of a member’s rights under the scheme may be reduced in the circumstances, and to the extent, set out in paragraphs (2) to (5A) of this regulation.2To the extent that a member’s rights are represented by a fund allocated to him to the exclusion of other members, the value of those rights may be reduced by the making of deductions from that fund which, when added to the amount of any indirect charges attributable to the member’s rights, are no greater than, at the choice of the trustees or manager—athe relevant percentage of its value for each day on which it is held for the purposes of the scheme, orbthe proportion attributable to that fund of the relevant percentage of the value of all members' funds held for the purposes of the scheme for each day on which the fund is so held.3To the extent that a member’s rights are represented by a share of funds held for the purposes of the scheme, the amount of that share not being determined by reference to a discretion exercisable by any person, the value of those rights may be reduced by the making of deductions from that share which, when added to the amount of any indirect charges attributable to the member’s share, are no greater than, at the choice of the trustees or manager—athe relevant percentage of its value for each day on which it is held for the purposes of the scheme, orbthe proportion attributable to the member’s share of the relevant percentage of the value of the funds for each day on which the share is held.4To the extent that a member’s rights are represented by rights in a with-profits fund, the value of those rights may be reduced by the making of deductions from the with-profits fund which, when added to the amount of any indirect charges attributable to the member’s rights, are no greater than, at the choice of the trustees or manager—athe relevant percentage of the value of the member’s rights in the fund for each day on which it is held for the purposes of the scheme, orbthe proportion attributable to the member’s rights of the relevant percentage of the value of such part of the fund as is allocated to the rights of members for each day on which the member has rights in the fund.5The value of a member’s rights under the scheme may be reduced—awhere administrative expenses are incurred by the trustees or manager in—ithe purchase or provision of an annuity for the member in accordance with the scheme, oriithe making of payments of income (otherwise than by way of an annuity) to a member under arrangements made in accordance with the scheme,by the amount of those expenses;bby such amount, and in such manner, as is permitted by regulations under section 24 or 41 (charges in respect of pension sharing costs);cwhere an order of the court provides for the recovery by the trustees or manager of costs incurred in complying with the order, by the amount of those costs;dwhere any charges are incurred by the trustees or manager, directly or indirectly, in connection with the sale or purchase of investments held for the purposes of the scheme, by the amount of such of those charges as—iare attributable to the member’s rights, andiiare not the subject of an election by the trustees or manager under regulation 14B(1)(b);ewhere any charges or expenses are incurred by the trustees or manager directly or indirectly in maintaining or repairing any land or buildings in which the fund is invested, or in connection with the collection of rent, service charge or other sums due under the terms of a lease from occupiers of any such land or buildings, by the amount of such of those charges or expenses as—iare attributable to the member’s rights, andiiare not the subject of an election by the trustees or manager under regulation 14B(1)(b);fby the amount of any dilution levy charged, or, in the case of rights represented by rights in a with-profits fund, by the amount of any market value adjustment occurring in relation to the fund; andgwhere the member is the transferor for the purposes of section 29 (pension sharing: creation of pension debits and credits), by the amount of any payment made to discharge the liability of the trustees or manager in respect of a credit within the meaning of that section, ...h. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5AThe value of a member’s rights under the scheme may be reduced by the amount of any payment made to discharge the liability of the trustees or managers in respect of any tax liability under the Finance Act 2004 in relation to that member.6In paragraphs (2) to (4), “indirect charges” means management charges deducted from a fund in which a fund held for the purposes of the scheme is invested, directly or indirectly.7For the purposes of paragraphs (2) to (4), “the relevant percentage” means—ain the case of an established member, 1/365 per cent.;bin the case of a new member—iduring the period of 10 years beginning with the day on which the first payment is made to the scheme by or on behalf of the member, or, in a case where an amount is credited to the member’s account in respect of a credit within the meaning of section 29 before any payment is made, the day on which that amount is credited, 3/730 per cent.,iiotherwise 1/365 per cent.8In this regulation and regulation 14A—“an established member” means a person who first acquired rights under the scheme before 6th April 2005 and has maintained rights under it since that date, and“a new member” means a person who first acquired rights under the scheme on or after 6th April 2005, or who reacquired such rights after that date having previously transferred all of his accrued rights under the scheme to another pension scheme or arrangement.9Where the value of any member’s rights is reduced by reference to an amount of charges or expenses of a kind referred to in paragraph (5)(d) or (e), then, for the purposes of calculating any reduction under paragraph (2), (3) or (4) above, the funds held by the scheme are to be calculated after the deduction of any such amount.<Addition ChangeId="key-1b8a0df1f01962896fe643a1554359f3-1581948023589" CommentaryRef="key-1b8a0df1f01962896fe643a1554359f3">Valuations for the purposes of regulation 14</Addition>14A1For the purposes of paragraphs (2)(a), (3)(a) and (4)(a) of regulation 14, the rights of members must be valued daily, weekly or monthly, but the frequency with which the rights of established members are valued may be different from that with which the rights of new members are valued.2For the purposes of paragraphs (2)(b), (3)(b) and (4)(b) of regulation 14, the funds of the scheme must be valued daily.3Both—athe frequency, or different frequencies, with which rights are to be valued for the purposes of paragraphs (2)(a), (3)(a) and (4)(a) of regulation 14, andbwhere valuation is to take place weekly or monthly, the day of the week or, as the case may be, the date in the month on which it is to take place,must be specified in writing by the trustees or manager of the scheme; and the specification may not be amended during the period of 12 months after the date on which it is made.4When calculating the value of a member’s rights for the purposes of paragraphs (2)(a), (3)(a) or (4)(a) of regulation 14, where it has been specified under paragraph (3) above that such rights are to be valued weekly or monthly—awhere the rights are to be valued weekly, they are to be valued on such day of the week (“the specified day”) as has been so specified by the trustees or manager (except that, where that day is not a working day, the rights are to be valued on the next working day), and the value of the rights on each subsequent day prior to the next specified day is to be taken to be the value of the rights on the previous specified day, andbwhere the rights are to be valued monthly, they are to be valued on such date in each month (“the specified date”) as has been so specified by the trustees or manager (except that, where that date is not a working day, the rights are to be valued on the next working day), and the value of the rights on each subsequent day prior to the next specified date is to be taken to be the value of the rights on the previous specified date.<Addition ChangeId="key-1b8a0df1f01962896fe643a1554359f3-1581948023589" CommentaryRef="key-1b8a0df1f01962896fe643a1554359f3">Charges </Addition><Addition ChangeId="key-1b8a0df1f01962896fe643a1554359f3-1581948023589" CommentaryRef="key-1b8a0df1f01962896fe643a1554359f3">etc.</Addition><Addition ChangeId="key-1b8a0df1f01962896fe643a1554359f3-1581948023589" CommentaryRef="key-1b8a0df1f01962896fe643a1554359f3">—permitted reductions in funds</Addition>14B1The value of a fund held for the purposes of the scheme may be reduced where any charges or expenses are incurred in the circumstances specified in regulation 14(5)(d) or (e) and are either—anot attributable to the rights of a member under the scheme, orbattributable to such rights but the subject of an election by the trustees or manager to recover charges or expenses by way of a reduction of the value of the fund rather than by way of a reduction of the value of the member’s rights,by the amount of those charges or expenses.2Where the value of a fund is reduced by reference to an amount referred to in paragraph (1), then, for the purposes of calculating any reduction in the member’s rights under paragraph (2), (3) or (4) of regulation 14, the value of those rights is to be calculated after the deduction of that amount.<Addition ChangeId="key-1b8a0df1f01962896fe643a1554359f3-1581948023589" CommentaryRef="key-1b8a0df1f01962896fe643a1554359f3">Rounding of fractional amounts</Addition>14CFor the purposes of any calculation under regulation 14 or 14B, values and amounts may be determined, at the option of the trustees or manager, by rounding down any fraction of a penny less than one half and rounding up any other such fraction.<Addition ChangeId="key-2d3fe9493a55b97aec0f04d000ece433-1582042691599" CommentaryRef="key-2d3fe9493a55b97aec0f04d000ece433">Disapplication of regulations 13 to 14C in certain circumstances</Addition>14D1The circumstances referred to in regulation 13(5) are as follows.2In relation to a member of a stakeholder pension scheme that is a personal scheme the circumstances are that—athe scheme is a qualifying scheme in relation to an employer; andbthe member's workplace contributions are allocated under a default arrangement.3In relation to a member of a stakeholder pension scheme that is an occupational pension scheme, the circumstances are that Part 2 of the Occupational Pension Schemes (Charges and Governance) Regulations 2015 applies to the scheme.4In this regulation, “default arrangement” and “workplace pension contributions” have the meanings given in the FCA Handbook. Requirement for trustees or manager to satisfy certain conditions in relation to with-profit funds151Where all or any of a stakeholder pension scheme’s assets are invested in a with-profits fund it shall, for the purposes of section 1(1)(b), be a condition of the scheme being a stakeholder pension scheme that the requirements of this regulation are complied with.2A stakeholder pension scheme shall not invest any assets in a with-profits fund that includes non-stakeholder pension scheme assets.3Prior to entering into any agreement whereby any assets of the scheme will be invested in a with-profits fund, the trustees or manager of that scheme shall take such steps as are necessary to ensure that they obtain a written contract from the insurer maintaining the with-profits fund which provides that the insurer will, in respect of any period that the stakeholder pension scheme has assets invested in the with-profits fund—aprovide such information to the trustees or manager of the stakeholder pension scheme as is necessary to allow the trustees or manager to operate in compliance with the requirements of regulations 13 or 14;bensure that members of the stakeholder pension scheme will not be treated less favourably than any other members of stakeholder pension schemes who may have assets invested in the with-profits fund;cprovide to the trustees or manager of the stakeholder pension scheme any certificates from the auditor and actuary to the insurer that are necessary to allow the trustees or manager to make the declaration mentioned in regulation 12(2)(a);densure that no investments are made in the fund other than the investment of stakeholder pension scheme assets; andetake such steps as are necessary to comply with paragraph (4).4The insurer must, at least annually, provide the trustees or manager of the stakeholder pension scheme with a certificate from ... the ... actuary to the insurer certifying that the insurer has systems which and controls which are of a design such that, and used such that—aproper accounting records are maintained in respect of all income and expenditure relevant to regulations 13, 14 and 14B and the terms of the contract referred to in paragraph (3);bthe records referred to in sub-paragraph (a) are provided to the auditor of the scheme if requested by the auditor, trustees or manager ;cno expenditure is charged to the with-profits fund where that expenditure would be contrary to the requirements of regulation 13 or 14; anddthe terms of the contract referred to in paragraph (3) have been complied with.5Where the insurer does not comply with the agreement referred to in paragraph (3), the trustees or manager must take such steps as are necessary to ensure that the insurer does so comply.6In this regulation the “actuary to the insurer” means a person appointed to perform, in relation to the insurer, either or both of the functions specified in paragraph 4.3.1 of the Supervision Sourcebook made by the Prudential Regulation Authority under the Financial Services and Markets Act 2000. Requirements as regards the provision of other services16For the purposes of section 1(1)(b), it shall be a condition of a scheme being a stakeholder pension scheme that—athe scheme does not provide any service other than the management of the scheme and its funds unless—iany such service is provided under a contract separate from any contract of membership of the scheme, is provided free of charge or is consistent with regulations 13, 14 and 14B; andiiany contract for such service is in writing and sets out the amount of any charge for the service and the terms on which it is to be paid; andbit is not a condition of membership of the scheme that any person enter into any contract, whether with the trustees or manager of the scheme or any other person, other than the contract of membership of the scheme. Restrictions on contributions171Subject to paragraph (2), the scheme instruments may permit the trustees or manager to refuse to accept a payment to the scheme of less than £20.2Paragraph (1) does not permit the trustees or manager to refuse to accept any payment made to the scheme by the Inland Revenue by way of tax relief....3For the purposes of paragraph (1), amounts in respect of income tax deducted and retained by a member as permitted by section 192 of the Finance Act 2004 (relief at source) shall not be treated as payments to the scheme.4The trustees or manager of a stakeholder pension scheme may refuse to accept any contribution if its acceptance would contravene the terms of the scheme’s tax-registration.4Athe trustees or manager of a stakeholder pension scheme may refuse to accept any contribution by, or on behalf of any member of the scheme who—ahas not given the declaration specified in regulation 5(2) of the Registered Pension Schemes (Relief at Source) Regulations 2005 (declaration of entitlement to tax relief in respect of net contributions); orbis not a relevant UK individual for the purposes of section 189 of the Finance Act 2004 (relevant UK individual) for the tax year in respect of which the contribution is made.5Subject to regulation 3(5B), the scheme instruments may permit restrictions on the means of payment of contributions to the scheme.6The scheme instruments of an occupational pension scheme may permit the trustees or manager to refuse to accept, in respect of any member of the scheme who is not an active member of the scheme, any contribution by or on behalf of or in respect of that member.7For the purposes of paragraph (6), “active member” has the meaning given by section 124 of the 1995 Act. Disclosure of information to members181For the purposes of section 1(1)(b), it is a condition of a scheme being a stakeholder pension scheme that the trustees or manager of the scheme comply with the requirements set out in regulations 18A and 18B in addition to such requirements of regulations under section 113 of the 1993 Act (disclosure of information about schemes to members etc.) as are applicable to the scheme.2For the purposes of these Regulations “statement year” means, in relation to a person, the period of 12 months beginning—ain the case of a person who becomes a member after 6th April 2001, on a date chosen, in respect of that person, by the trustees or manager which falls—ion or before the day on which that person becomes a member; butiino earlier than 6th April 2001; andbin any other case, on 6th April 2001,and, subject to paragraph (4), each subsequent period ending on and including the anniversary of the last day of the first statement year.3The date to be chosen, in respect of a person, under paragraph (2)(a) must be chosen on or before the day on which that person becomes a member.4For the purposes of paragraph (2), the trustees or manager may, in respect of any person, choose a new date for the ending of the statement year relating to that person if—athe date chosen—iis specified in writing; andiifalls before the end of the statement year relating to that person during which the trustees or manager specify the new date; andbno other date has been chosen in respect of that person by the trustees or manager under this paragraph during the previous period of 12 months.5If a new date is chosen under paragraph (4), “statement year” means, in relation to the person in respect of whom the new date is chosen, the period of 12 months ending on and including that new date (except that, in relation to the first statement year relating to that person, “statement year” means, in relation to that person, the period beginning with the day which is, by virtue of paragraph (2)(b) or of a choice under paragraph (2)(a), the first day of that first statement year and ending on and including that new date) and each subsequent period ending on and including the anniversary of that new date.6For the purposes of paragraphs (2)(a) and (4), different dates may be chosen in respect of different persons.7For the purposes of this regulation, regulations 18A and 18B and Schedule 3, “member” does not include any member—awhose present postal address and electronic address is not known to the trustees or manager; andbin respect of whom the trustees or manager have sent correspondence to their last known—ipostal address and that correspondence has been returned, oriielectronic address and the trustees or manager are satisfied that that correspondence has not been delivered; ...c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8For the purposes of this regulation, regulations 18A and 18B and Schedule 3, “member” includes a dependant making income withdrawals from the scheme in accordance with paragraph 21 of Schedule 28 to the Finance Act 2004 (dependants’ income withdrawal).<P1 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A" id="regulation-18A"><Pnumber PuncAfter="."><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">18A</Addition></Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/1" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/1" id="regulation-18A-1"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">1</Addition></Pnumber><P2para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-d4a37d72c6e8b1a129c17e8465f04a02-1582039850955" CommentaryRef="key-d4a37d72c6e8b1a129c17e8465f04a02">Subject to paragraph (1A)</Addition></Addition><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"> where a person is a member for all or part of a statement year relating to them, there must be provided to that person—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/1/a" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/1/a" id="regulation-18A-1-a"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">within three months of the end of that statement year; or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/1/b" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/1/b" id="regulation-18A-1-b"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">where that person ceases during that statement year to be a member, during the period beginning with the time at which that person so ceases and ending on and including the last day of the three-month period mentioned in sub-paragraph (a),</Addition></Text></P3para></P3><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">a statement which contains the information mentioned in paragraph 1 of Schedule 3 and either paragraph 2 or 3 of Schedule 3, so far as that information relates to that statement year or, in cases falling within sub-paragraph (b) of this paragraph, to the part of that statement year beginning with the first day of that statement year (whether or not that day is earlier than the day on which that person becomes a member) and ending with the time at which that person so ceases.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/1A" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/1A" id="regulation-18A-1A"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-58d67ec3d46eccf348e5d910709b8742-1582039921474" CommentaryRef="key-58d67ec3d46eccf348e5d910709b8742">1A</Addition></Addition></Pnumber><P2para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-58d67ec3d46eccf348e5d910709b8742-1582039921474" CommentaryRef="key-58d67ec3d46eccf348e5d910709b8742">The information mentioned in paragraph (1) need not but may, nevertheless, be given in respect of a statement year where—</Addition></Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/1A/a" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/1A/a" id="regulation-18A-1A-a"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-58d67ec3d46eccf348e5d910709b8742-1582039921474" CommentaryRef="key-58d67ec3d46eccf348e5d910709b8742">a</Addition></Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-58d67ec3d46eccf348e5d910709b8742-1582039921474" CommentaryRef="key-58d67ec3d46eccf348e5d910709b8742">the statement year is the first to end on or after the date the person became a member of the scheme; and</Addition></Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/1A/b" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/1A/b" id="regulation-18A-1A-b"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-58d67ec3d46eccf348e5d910709b8742-1582039921474" CommentaryRef="key-58d67ec3d46eccf348e5d910709b8742">b</Addition></Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-58d67ec3d46eccf348e5d910709b8742-1582039921474" CommentaryRef="key-58d67ec3d46eccf348e5d910709b8742">the end of that statement year falls at a time when—</Addition></Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/1A/b/i" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/1A/b/i" id="regulation-18A-1A-b-i"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-58d67ec3d46eccf348e5d910709b8742-1582039921474" CommentaryRef="key-58d67ec3d46eccf348e5d910709b8742">i</Addition></Addition></Pnumber><P4para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-58d67ec3d46eccf348e5d910709b8742-1582039921474" CommentaryRef="key-58d67ec3d46eccf348e5d910709b8742">no contributions have been credited to the scheme in respect of the person; or</Addition></Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/1A/b/ii" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/1A/b/ii" id="regulation-18A-1A-b-ii"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-58d67ec3d46eccf348e5d910709b8742-1582039921474" CommentaryRef="key-58d67ec3d46eccf348e5d910709b8742">ii</Addition></Addition></Pnumber><P4para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-58d67ec3d46eccf348e5d910709b8742-1582039921474" CommentaryRef="key-58d67ec3d46eccf348e5d910709b8742">the person has the right to opt out of the scheme under section 8 of the Pensions Act 2008 (jobholder's right to opt out).</Addition></Addition></Text></P4para></P4></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/1B" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/1B" id="regulation-18A-1B"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-58d67ec3d46eccf348e5d910709b8742-1582039921474" CommentaryRef="key-58d67ec3d46eccf348e5d910709b8742">1B</Addition></Addition></Pnumber><P2para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-58d67ec3d46eccf348e5d910709b8742-1582039921474" CommentaryRef="key-58d67ec3d46eccf348e5d910709b8742">Where—</Addition></Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/1B/a" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/1B/a" id="regulation-18A-1B-a"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-58d67ec3d46eccf348e5d910709b8742-1582039921474" CommentaryRef="key-58d67ec3d46eccf348e5d910709b8742">a</Addition></Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-58d67ec3d46eccf348e5d910709b8742-1582039921474" CommentaryRef="key-58d67ec3d46eccf348e5d910709b8742">the information is not provided to the person by virtue of paragraph (1A); and</Addition></Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/1B/b" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/1B/b" id="regulation-18A-1B-b"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-58d67ec3d46eccf348e5d910709b8742-1582039921474" CommentaryRef="key-58d67ec3d46eccf348e5d910709b8742">b</Addition></Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-58d67ec3d46eccf348e5d910709b8742-1582039921474" CommentaryRef="key-58d67ec3d46eccf348e5d910709b8742">contributions have been credited in respect of the member in respect of the statement year mentioned in paragraph (1A)(a),</Addition></Addition></Text></P3para></P3><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-58d67ec3d46eccf348e5d910709b8742-1582039921474" CommentaryRef="key-58d67ec3d46eccf348e5d910709b8742">it must be provided no later than the information that relates to the next following statement year.</Addition></Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/2" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/2" id="regulation-18A-2"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">2</Addition></Pnumber><P2para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">Subject to paragraph (4), where a statement is provided under paragraph (1) it must also contain an illustration of the amount, calculated in accordance with regulation 18B, of the pension an entitlement to which would be likely to accrue to the member, or be capable of being secured by the member, at the member’s retirement date in respect of rights that may arise under the scheme.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/2A" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/2A" id="regulation-18A-2A"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-2ebb248bc1da9e810337c0e095f70264-1582039951889" CommentaryRef="key-2ebb248bc1da9e810337c0e095f70264">2A</Addition></Addition></Pnumber><P2para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-2ebb248bc1da9e810337c0e095f70264-1582039951889" CommentaryRef="key-2ebb248bc1da9e810337c0e095f70264">For the purposes of paragraph (2), the calculation of the amount of the pension mentioned in paragraph (2) may take account of a lump sum.</Addition></Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/3" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/3" id="regulation-18A-3"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">3</Addition></Pnumber><P2para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">Where information is provided under paragraph (2)—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/3/a" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/3/a" id="regulation-18A-3-a"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">that information must be accompanied by the additional information specified in paragraph 5 of Schedule 3; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/3/b" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/3/b" id="regulation-18A-3-b"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">the further information specified in paragraph 6 of Schedule 3 must be provided by one of the methods in paragraph (6) of this regulation.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/4" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/4" id="regulation-18A-4"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">4</Addition></Pnumber><P2para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">The requirement to furnish information under paragraph (2) does not apply—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/4/a" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/4/a" id="regulation-18A-4-a"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">in respect of a person who is in receipt of pension benefits under the scheme;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/4/b" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/4/b" id="regulation-18A-4-b"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">where the last day of the statement year referred to in paragraph 1(b)(i) of Schedule 3 is not more than two years before the date which is the member’s retirement date for the purpose of paragraph (2) of this regulation;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/4/c" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/4/c" id="regulation-18A-4-c"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">where, in relation to the member—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/4/c/i" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/4/c/i" id="regulation-18A-4-c-i"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">i</Addition></Pnumber><P4para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">the value, determined by reference to the relevant guidance, of the member’s accrued rights to money purchase benefits under the scheme was less than £5,000 on the illustration date in respect of which such information was last furnished to the member;</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/4/c/ii" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/4/c/ii" id="regulation-18A-4-c-ii"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">no contributions, including transfers of pension rights or pension credits, have been made to the scheme by the member or on the member’s behalf in respect of money purchase benefits since that date; and</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/4/c/iii" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/4/c/iii" id="regulation-18A-4-c-iii"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">iii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">the trustees or manager previously gave notice to the member that no further such information would be furnished to the member unless further contributions to the scheme in respect of money purchase benefits had first been made by the member or on the member’s behalf; </Addition><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-57c33da78959a18f0e0a601790dbb042-1582040107712" CommentaryRef="key-57c33da78959a18f0e0a601790dbb042">or</Addition></Addition></Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/4/d" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/4/d" id="regulation-18A-4-d"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">d</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">where, in relation to the member—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/4/d/i" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/4/d/i" id="regulation-18A-4-d-i"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">i</Addition></Pnumber><P4para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">the value, determined by reference to the relevant guidance, of the member’s accrued rights to money purchase benefits under the scheme is less than £5,000 on the first illustration date falling after 5th April 2003;</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/4/d/ii" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/4/d/ii" id="regulation-18A-4-d-ii"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">no contributions, including transfers of pension rights or pension credits, have been made to the scheme by the member or on the member’s behalf after 5th April 2003; and</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/4/d/iii" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/4/d/iii" id="regulation-18A-4-d-iii"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">iii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">no further contributions are, in the opinion of the trustees or manager, likely to be made to the scheme by the member or on the member’s behalf after that illustration date; </Addition><CommentaryRef Ref="key-46f1d306e7ffe84b87bff29779fdb4f7"/><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">...</Addition></Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/4/e" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/4/e" id="regulation-18A-4-e"><Pnumber><CommentaryRef Ref="key-4eb1bb3a28fae9095a5d21d45ba252bb"/><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">e</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/5" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/5" id="regulation-18A-5"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">5</Addition></Pnumber><P2para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">Where paragraph (4) applies but the trustees or manager nevertheless choose to furnish the information described in paragraph (2) and the amount comprising that information is calculated in accordance with regulation 18B, then—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/5/a" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/5/a" id="regulation-18A-5-a"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">that information must be accompanied by the additional information specified in paragraph 5 of Schedule 3; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/5/b" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/5/b" id="regulation-18A-5-b"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">the further information specified in paragraph 6 of Schedule 3 must be provided by one of the methods in paragraph (6) of this regulation,</Addition></Text></P3para></P3><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">as if that additional and further information had been provided under paragraph (2).</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/6" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/6" id="regulation-18A-6"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">6</Addition></Pnumber><P2para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">The methods referred to in paragraphs (3)(b) and (5)(b) are for the further information to—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/6/a" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/6/a" id="regulation-18A-6-a"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">accompany the information described in paragraph 5 of Schedule 3; or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/6/b" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/6/b" id="regulation-18A-6-b"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">be otherwise furnished by the trustees or manager.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/7" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/7" id="regulation-18A-7"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">7</Addition></Pnumber><P2para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">Where—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/7/a" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/7/a" id="regulation-18A-7-a"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">a statement has been issued to a member under paragraph (1);</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/7/b" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/7/b" id="regulation-18A-7-b"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">in that statement, the trustees or manager provided the information listed in paragraph 3, rather than paragraph 2, of Schedule 3 to that member; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/7/c" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/7/c" id="regulation-18A-7-c"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">that member requests any information listed in paragraph 2 of Schedule 3 from the scheme,</Addition></Text></P3para></P3><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">the trustees or manager must provide to the member a statement in accordance with the conditions referred to in paragraph (8) of this regulation containing the information listed in paragraph 2 of Schedule 3 which the member has requested.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/8" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/8" id="regulation-18A-8"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">8</Addition></Pnumber><P2para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">The conditions referred to in this paragraph as mentioned in paragraph (7) are—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/8/a" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/8/a" id="regulation-18A-8-a"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">the statement must be provided—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/8/a/i" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/8/a/i" id="regulation-18A-8-a-i"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">i</Addition></Pnumber><P4para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">as soon as practicable, and</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/8/a/ii" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/8/a/ii" id="regulation-18A-8-a-ii"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">within two months of the date on which the request referred to in paragraph (7)(c) is received; and</Addition></Text></P4para></P4></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/8/b" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/8/b" id="regulation-18A-8-b"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">the information must relate to the same statement year, or part of a statement year, to which the statement issued under paragraph (1) relates.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/9" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/9" id="regulation-18A-9"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">9</Addition></Pnumber><P2para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">Each member must be provided with a statement setting out the information in paragraph 7 of Schedule 3.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18A/10" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18A/10" id="regulation-18A-10"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">10</Addition></Pnumber><P2para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019584069" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">The statement mentioned in paragraph (9) must be provided within one month of the change mentioned in paragraph 7 of Schedule 3.</Addition></Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2014-01-01"><Title/><P1 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18B" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18B" id="regulation-18B"><Pnumber PuncAfter="."><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">18B</Addition></Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18B/1" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18B/1" id="regulation-18B-1"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">1</Addition></Pnumber><P2para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">The amount referred to in regulation 18A(2) must be determined by reference to—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18B/1/a" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18B/1/a" id="regulation-18B-1-a"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">the relevant guidance; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18B/1/b" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18B/1/b" id="regulation-18B-1-b"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">the assumptions about contributions specified in paragraph (2) </Addition><CommentaryRef Ref="key-aa81440b1e2fa3b0d5b8bbe807b10b17"/><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">..., and such other assumptions as may be specified for the purpose in the relevant guidance,</Addition></Text></P3para></P3><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">having regard to the value of the member’s accrued rights to money purchase benefits under the scheme on the illustration date.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18B/2" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18B/2" id="regulation-18B-2"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">2</Addition></Pnumber><P2para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">The assumptions about contributions referred to in paragraph (1)(b) are—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18B/2/a" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18B/2/a" id="regulation-18B-2-a"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">where the calculation relates to the rights of a non-contributing member, that no contributions will be made to the scheme by the member or on the member’s behalf after the illustration date; and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18B/2/b" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18B/2/b" id="regulation-18B-2-b"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">in any other case, that, until the member’s retirement date—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18B/2/b/i" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18B/2/b/i" id="regulation-18B-2-b-i"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">i</Addition></Pnumber><P4para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">contributions to the scheme will be made by the member or on the member’s behalf; </Addition><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589"><Addition ChangeId="key-0a7d8a3a9a187c173c80c3fbd2747c00-1582023477056" CommentaryRef="key-0a7d8a3a9a187c173c80c3fbd2747c00">and </Addition></Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18B/2/b/ii" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18B/2/b/ii" id="regulation-18B-2-b-ii"><Pnumber><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">the scheme maintains its tax registration under section 153 of the Finance Act 2004 (registration of pension schemes); </Addition><CommentaryRef Ref="key-9f9d77935d79d65b84459dfadd2fe43b"/><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">...</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18B/2/b/iii" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18B/2/b/iii" id="regulation-18B-2-b-iii"><Pnumber><CommentaryRef Ref="key-9f9d77935d79d65b84459dfadd2fe43b"/><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">iii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Addition></Text></P4para></P4></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18B/3" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18B/3" id="regulation-18B-3"><Pnumber><CommentaryRef Ref="key-c3fd5b916516198746342f88b5945343"/><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">3</Addition></Pnumber><P2para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/uksi/2000/1403/regulation/18B/4" IdURI="http://www.legislation.gov.uk/id/uksi/2000/1403/regulation/18B/4" id="regulation-18B-4"><Pnumber><CommentaryRef Ref="key-c3fd5b916516198746342f88b5945343"/><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">4</Addition></Pnumber><P2para><Text><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019621999" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Addition></Text></P2para></P2></P1para></P1></P1group><P1group RestrictExtent="E+W+S" RestrictStartDate="2014-01-01"><Title><Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019657993" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">Service of information by a scheme</Addition>18C1Except where these Regulations otherwise provide, the trustees or manager of the scheme may furnish or give any relevant information by—asending it to a member or beneficiary’s last known postal address; orbsubject to paragraphs (2) to (4), using either or both of the following methods—isending it to a member or beneficiary’s last known electronic address,iimaking it available on a website (see regulation 18E).2Where the member or beneficiary has requested in writing that—aany relevant information; orball relevant information,is not furnished or given in accordance with paragraph (1)(b), that relevant information may not be furnished or given in accordance with paragraph (1)(b).3Relevant information may only be furnished or given in accordance with paragraph (1)(b) where the trustees or manager of the scheme are satisfied that the electronic communications have been designed—aso that members or beneficiaries will be able to—iget access to, andiistore or print,the relevant information; andbtaking into account the requirements of disabled persons.4Where—aa member or beneficiary was a member or beneficiary of the scheme on 1stDecember 2010; andbrelevant information was not given by the trustees or managers of the scheme before that date by the methods described in paragraph (1)(b),relevant information may not be furnished or given to the member or beneficiary in accordance with paragraph (1)(b) unless the trustees or managers of the scheme have given them the written notice referred to in paragraph (5).4AThe written notice mentioned in paragraph (4) must not be given by the methods mentioned in paragraph (1)(b).5The written notice mentioned in paragraph (4) must state that—athe trustees or manager of the scheme propose to furnish or give relevant information to the member or beneficiary by means of an electronic communication; andbthe member or beneficiary may request in writing that relevant information is not furnished or given by means of an electronic communication.6In this regulation, “relevant information” means any information, declaration, notice, notification or statement which these Regulations require the trustees or manager of a scheme to give or furnish to a member or beneficiary of the scheme.<Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019657993" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">Service of information to a scheme</Addition>18DAny—arequest for information to be given or furnished in pursuance of these Regulations; orbinformation to be given to the trustees or manager of a scheme in relation to requirements imposed by these Regulations,may be furnished, made or given by sending it to the trustees or manager of the scheme by post.<Addition ChangeId="key-d1d3d403113d5cb15eb828d354612589-1582019657993" CommentaryRef="key-d1d3d403113d5cb15eb828d354612589">Provision of information on a website</Addition>18E1This regulation and regulation 18F set out the conditions which must be met when making relevant information available on a website under regulation 18C(1)(b)(ii).2When a website is used for the first time to make available relevant information, a notification must be given to the recipient.3The notification referred to in paragraph (2) must include—aa statement that the relevant information is available on the website;bthe website address;cdetails of the place on the website where the relevant information may be read; anddan explanation of how the recipient may read the relevant information on the website.4Subject to regulation 18F, each time a website is used at a subsequent time to make available information or documents, a notification must be given to the recipient.4AThe notification referred to in paragraph (4) must state that the information or document is available on the website.4BThe notifications mentioned in paragraphs (2) and (4) must not be given by making them available on a website.5The notification referred to in paragraph (4) must include a statement that the relevant information is available on the website.6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7In this regulation and regulation 18F—“recipient” means the person or body to whom these Regulations require statements or information to be made available, and“relevant information” has the same meaning as in regulation 18C(6).<Addition ChangeId="key-310ac14f80289df9cce23ea58eda0c52-1582038470314" CommentaryRef="key-310ac14f80289df9cce23ea58eda0c52">Provision of information on a website: supplemental</Addition>18F1The notification mentioned in regulation 18E(4) need not be given where paragraphs to (4) are satisfied.2This paragraph is satisfied where—athe trustees or managers of the scheme have given the recipient at least two documents by either of the following methods—igiven by hand, oriisent to the recipient's last known postal address, andbeach of those documents—iasks the recipient to give their electronic address to the trustees or managers of the scheme except where the trustees or managers of the scheme do not have the facility for sending information or documents to that address, andiistates that the recipient may request in writing that information or documents are not given by means of an electronic communication.3This paragraph is satisfied where—aparagraph (2) is satisfied, andbthe trustees or managers of the scheme have given the recipient, by either of the methods mentioned in paragraph (2)(a), a further document that—imeets the requirements of paragraph (2)(b), andiistates that further information and documents will be available to read on the website and that no further notifications will be sent to the recipient.4This paragraph is satisfied where—aparagraphs (2) and (3) are satisfied, andbthe trustees or managers of the scheme—ido not know the recipient's electronic address or do not have the facility for sending information or documents to that address, andiihave not received a written request that information or documents are not given to the recipient by means of an electronic communication.5Where the information to be made available is that required by regulation 18A(1), the notification referred to in regulation 18E(4) need only be given as required by regulation 18A(1). Requirement for trustees of a stakeholder pension scheme established under a trust19For the purposes of section 1(1)(b), it shall be a condition of a scheme which is established under a trust being a stakeholder pension scheme that the scheme comply with sections 35 and 36 (functions of trustees) of the 1995 Act ....<Addition ChangeId="key-b307c3c3121a673481a866d8b9cabb44-1673463205900" CommentaryRef="key-b307c3c3121a673481a866d8b9cabb44">Requirement that a stakeholder pension is not a collective money purchase scheme</Addition>19AFor the purposes of section 1(1)(b), it shall be a condition of a scheme being a stakeholder pension scheme thatit must not be a collective money purchase scheme for the purposes of Part 1 of the Pension Schemes Act 2021.PART III REGISTRATION OF STAKEHOLDER PENSION SCHEMES Persons who may apply for registration of stakeholder pension schemes not established under trust20For the purposes of subsections (2) and (4) of section 2 (prescribed persons may apply for registration of stakeholder pension schemes and will be liable to penalties in certain circumstances connected with such application) the prescribed person in relation to a scheme not established under a trust is the manager of the scheme. Access to the register211The ... Authority shall supply the most recent copy of the register to any person on request either—afree of charge; orbwhere a charge is made, at an amount that does not exceed the expense incurred in copying, posting and packing the statement.2The Authority may publish the register in any way.PART IV EMPLOYER REQUIREMENTS Exemptions from employer access and consultation requirements22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Definition of relevant employees23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Payroll deduction of contributions241Subject to paragraphs (2) and (2A), where an employee requests an employer to ... vary (but not cease) deductions of the employee’s contributions to a qualifying scheme from his remuneration (“the request"), the employer must comply with the request as soon as possible, but no later than the end of—athe pay period following that in which the request is made; orbwhere the request relates to a pay period later than the one following that in which the request is made, that later pay period.2Where an employee makes the request within 6 months of requesting the same employer to vary deductions of the employee’s contributions to a qualifying scheme from the employee’s remuneration, the employer need not comply with the request but, where he does not do so, he must give notice to the employee in writing—athat—ihe is not complying with the request; andiithe reason he is not complying with it is that it was made within 6 months of the employee requesting him to vary such deductions and the employer is permitted by these Regulations not to comply with it in such circumstances;binforming him of the date (which must be no later than 6 months after the date of the employee’s previous request to vary such deductions) that the employee can make a new request to ... vary deductions of the employee’s contributions; andcinforming him that—ihe may require the employer to cease such deductions ... (if deductions are being made at the time of the request) but, if the employee makes such a request, the employer is not required to comply with any further request to make such deductions ...; andiithe employee may be able to make payments, (subject to the trustees or manager refusing to accept them as permitted by or under these Regulations) at a rate of his choosing, directly to the qualifying scheme.2AWhere the trustees or manager of the scheme in relation to which the request is made inform the employer that they will refuse, in accordance with regulation 17, to accept payment—aof a contribution to which the request relates, the employer need not comply with the request so far as the request relates to that contribution;bof contributions of a particular type, the employer need not comply with the request so far as the request relates to a contribution of that particular type.2BWhere the employer, on a ground mentioned in paragraph (2A), does not comply with the request, he must give notice to the employee in writing—athat, and of the extent to which, he is not complying with the request;bthat the reason he is not complying with the request to that extent is that—ithe trustees or manager have informed the employer that they will refuse, in accordance with regulation 17, to accept payment of a contribution to which the request relates or of contributions of a particular type; andiithe employer is permitted by these Regulations not to comply with the request so far as the request relates to that contribution or to a contribution of that particular type;cwhere the trustees or manager cite to the employer the ground of refusal in regulation 17 on which they will rely to refuse that contribution or contributions of that particular type, informing him that the trustees or manager have cited that ground of refusal in relation to that contribution or to contributions of that particular type; anddinforming him that—ihe may require the employer to cease such deductions (if deductions are being made at the time of the request) but, if the employee makes such a request, the employer is not required to comply with any further request to make such deductions ...; andiithe employee may be able to make payments, (subject to the trustees or manager refusing to accept them as permitted by or under these Regulations) at a rate of his choosing, directly to the qualifying scheme.3Where an employee requests an employer to cease to make deductions from the employee’s remuneration on account of contributions to a qualifying scheme, the employer must—acomply with that request as soon as possible, but no later than the end of—ithe pay period following that in which that request is made; oriiwhere that request relates to a pay period later than the one following that in which that request is made, that later pay period; ...b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5Where an employer is notified that a stakeholder pension scheme that has been designated by him for the purposes of section 3(2) of the Act has commenced winding-up, the employer must immediately cease making deductions from the employee’s remuneration on account of contributions to that scheme and notify the employee in writing as soon as is practicable that those deductions have ceased.5AWhere an employer has withdrawn their designation of a stakeholder pension scheme that has been designated by him for the purposes of section 3(2) of the Act for reasons beyond their control, the employer must immediately cease deducting contributions from the employee’s remuneration and notify the employee in writing as soon as is practicable that designation of that scheme has been withdrawn and deduction of contributions has ceased.5BWhere an employer—ais notified that a stakeholder pension scheme that has been designated by the employer for the purposes of section 3(2) of the Act has commenced winding up; orbwithdraws designation of a stakeholder pension scheme that has been designated by the employer for the purposes of section 3(2) of the Act for reasons beyond the employer’s control,the employer need not comply with the requirement in section 3(5) of the Act.6Any notice to be given under any of paragraphs (2) and (2B) must be given prior to the end of—athe pay period following that in which the request to which the notice relates is made; orbwhere that request relates to a pay period later than the one following that in which that request is made, that later pay period.7In this regulation ... references, in relation to an employer, to an employee are references to a relevant employee of that employer where that relevant employee is a member of a qualifying scheme. Disclosure of information to relevant employees251Where an employee for the first time requests an employer to make (but not vary or cease) deductions of the employee’s contributions to a qualifying scheme from his remuneration, the employer must, within 2 weeks of receiving that request, give notice in writing to the employee containing the information referred to in paragraph (2).2The information to be provided under paragraph (1) is—athe manner in which the employer will accept requests to make, vary or cease such deductions;badvice that, where an employee requests an employer to make or vary deductions of the employee’s contributions to a qualifying scheme from the employee’s remuneration, the employer need not comply with that request within—i. . . 6 months of the date of any previous request to make, vary or cease such deductions; oriiwhere the employer is agreeable to complying with the request within a lesser period than 6 months of a previous request, that lesser period;cadvice that the employee may, at any time, require the employer to cease such deductions . . . ; . . . dadvice that, where the employer is required to comply with a request to make, vary or cease such deductions, that request will be complied with as soon as possible but no later than the end of—athe pay period following that in which that request is made; orbwhere that request relates to a pay period later than the one following that in which that request is made, that later pay period.andeadvice that—ithe trustees or manager of the scheme may refuse to accept a contribution if accepting it would contravene the scheme’s tax-registration;iiif the instruments establishing the scheme allow it, the trustees or manager may also refuse to accept payments of less than £20; andiiiwhere an employee requests an employer to make or vary deductions of the employee’s contributions to a qualifying scheme from the employee’s remuneration, the employer need not comply with that request so far as that request relates to any particular contribution, if the trustees or manager of the scheme inform the employer that they will refuse, in accordance with the regulation which allows them to refuse payments on the grounds referred to in sub-paragraphs (i) and (ii) (and on other grounds), to accept that contribution or contributions of that particular type.PART V AMENDMENT OF REGULATIONS UNDER THE PENSION SCHEMES ACT 1993 AND THE PENSIONS ACT 1995 Amendment of the Personal Pension Schemes (Disclosure of Information) Regulations 1987261The Personal Pension Schemes (Disclosure of Information) Regulations 1987 shall be amended as set out in this regulation.2After regulation 2 there shall be inserted: Limited exemption for stakeholder pension schemes2AIn the case of a scheme which is a stakeholder pension scheme within the meaning of section 1 of the Welfare Reform and Pensions Act 1999, regulation 5 shall have effect as if paragraph (2) were omitted.3In regulation 5—ain paragraph (1) for the words “regulation 2" there shall be substituted “ regulations 2 and 2A ”; andbthe following paragraph shall be inserted after paragraph (7)—7AWhere a stakeholder pension scheme within the meaning of section 1 of the Welfare Reform and Pensions Act 1999 (meaning of “stakeholder pension scheme") is removed from the register of such schemes kept under section 2 of that Act (registration of stakeholder pension schemes) the trustees shall—awithin 2 weeks of being notified of the removal from the register inform each member of the scheme except an excluded person that the scheme has been removed from the register of stakeholder pension schemes and is no longer a stakeholder pension scheme and that it is required to commence winding-up under the scheme rules;bas soon as practicable and in any event not more than 4 months after such removal provide each member of the scheme except an excluded person with the information mentioned in paragraphs 1, 2 and 7 of Schedule 2; andcwhere the scheme is unable to meet in full its liabilities to its members, as soon as is practicable and in any event not more than 4 months after such removal provide each member except an excluded person with the information mentioned in paragraph 8 of Schedule 2.. Amendment of the Occupational Pension Schemes (Preservation of Benefit) Regulations 199127In regulation 12 of the Occupational Pension Schemes (Preservation of Benefit) Regulations 1991 —aafter paragraph (1) there shall be added—1AFor the purposes of section 73(4) of the Act, a scheme may provide for a transfer payment to be made to another occupational or personal pension scheme (as described in section 73(2)(a)(i) of the Act) without the member’s consent where the conditions set out in paragraph (6) of this regulation are satisfied.; andbafter paragraph (5) there shall be added—6The conditions set out in this paragraph are that—athe transferring scheme is or has been a stakeholder pension scheme, within the meaning of section 1 of the Welfare Reform and Pensions Act 1999 or Article 3 of the Welfare Reform and Pensions (Northern Ireland) Order 1999 , and the receiving scheme is such a scheme;bthe transferring scheme has commenced winding-up; andcthe transfer payment is of an amount at least equal to the cash equivalent of the member’s rights under the scheme, as calculated and verified in a manner consistent with regulations made under section 97 of the 1993 Act (calculation of cash equivalents).. Amendment of the Occupational Pension Schemes (Disclosure of Information) Regulations 1996281The Occupational Pension Schemes (Disclosure of Information) Regulations 1996 shall be amended as set out in this regulation.2In regulation 1—ain the definition of “prospective member" for “and the scheme rules" there shall be substituted “ or the scheme rules or both ”; andbthe following paragraph shall be added at the end of the definition of “ tax-approved schemes ”capproved by the Commissioners of the Inland Revenue under Chapter IV of Part XIV of that Act;.3In regulation 2—ain paragraph (1) for the words “paragraphs (2) and (3)" there shall be substituted “ paragraphs (2), (3) and (3A) ”; andbafter paragraph (3) there shall be inserted—3AIn the case of a scheme which is a stakeholder pension scheme within the meaning of section 1 of the Welfare Reform and Pensions Act 1999, regulation 5 shall have effect as if paragraph (5) were omitted.4In regulation 5—aat the beginning of paragraph (5) for “In" there shall be substituted “ Subject to paragraph (3A) of regulation 2, in ”; andbthe following paragraph shall be inserted after paragraph (10)—11Where a stakeholder pension scheme within the meaning of section 1 of the Welfare Reform and Pensions Act 1999 is removed from the register of such schemes kept under section 2 of that Act the trustees shall within 2 weeks of being notified of that removal inform each member of the scheme except an excluded person that the scheme has been removed from the register of stakeholder pension schemes and is no longer a stakeholder pension scheme, and that it is required to commence winding-up under the scheme rules.. Amendment of the Protected Rights (Transfer Payment) Regulations 1996291The Protected Rights (Transfer Payment) Regulations 1996 shall be amended as set out in this regulation.2In regulation 3(a) after “consents in writing" there shall be inserted “ or regulation 3A applies ”.3After regulation 3 there shall be inserted— Transfer payments from stakeholder pension schemes without the member’s consent3AThis regulation applies where—aa transfer payment is made to a scheme, which is registered as a stakeholder pension scheme under section 2 of the Welfare Reform and Pensions Act 1999 or under Article 4 of the Welfare Reform and Pensions (Northern Ireland) Order 1999 , from a scheme which is or was so registered and which has commenced winding-up; andbregulation 6 of the Stakeholder Pension Schemes Regulations 2000 is complied with.. Amendment of the Occupational Pension Schemes (Member-nominated Trustees and Directors) Regulations 199630. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Amendment of the Occupational Pension Schemes (Investment) Regulations 199631. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Application of other Regulations to stakeholder pension schemes32The regulations listed in Schedule 2 shall apply to a pension scheme established under a trust which—ais not an occupational pension scheme; butbis or has been registered under section 2as if it were an occupational pension scheme. Signed by authority of the Secretary of State for Social Security. Jeff RookerMinister of State,Department of Social SecuritySCHEDULE 1 PROVISIONS CONFERRING POWERS EXERCISED IN MAKING THESE REGULATIONS
Title of ActPowers
Pension Schemes Act 1993 section 28(2)(b)
section 73(4)
section 113
section 181(1)
Pensions Act 1995 section 3(2)
section 10(1) and (2)(b)
section 17(4)(b)
section 19(4)
section 27(3) and (5)
section 32(2)(b) and (3)
section 35(7)
section 41(1)(a) and (b) and (6)
section 47(5)(a) and (b), (6) and (9)(b)
section 49(1), (2) and (4)
section 50(1), (2)(a), (3) and (7)
section 81(1)(c) and (2)
section 83(2) and (3)(a)
section 84(1)(b), (2) and (3)
section 86
section 91(5)(c) and (e)
section 92(3) and (6)
section 94(1)
section 124(1)
section 174(2) and (3)
Welfare Reform and Pensions Act 1999 section 1(1)(b), (2), (3), (4), (5) and (7)
section 2(2), (4) and (7)
section 3(1), (3)(b), (5) and (9)
section 8(1) and (2)
section 83(4), (5) and (6)(a) and (b)
SCHEDULE 2 REGULATIONS APPLYING TO SCHEMES WHICH ARE OR HAVE BEEN REGISTERED UNDER SECTION 2Regulation 32
Statutory InstrumentRegulations applying
The Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations 1997 The whole of the Regulations except regulations 3, and 8(1) and (1A)
The Occupational Pension Schemes (Disclosure of Information) Regulations 1996 Regulations 1, 2, 6 and 7 and Schedule 3 (except paragraph 16 of that Schedule)
The Occupational Pension Schemes (Internal Dispute Resolution Procedures Consequential and Miscellaneous Amendments) Regulations 2008 The whole of the Regulations
The Occupational Pension Schemes (Investment) Regulations 1996 Regulations 1 and 10
The Occupational and Personal Pension Schemes (Levy) Regulations 1997 Regulations 5 to 8 and regulation 1 so far as relevant to those regulations
The Occupational Pension Schemes (Pensions Compensation Provisions) Regulations 1997 The whole of the Regulations except regulation 8
The Occupational Pension Schemes (Prohibition of Trustees) Regulations 1997 The whole of the Regulations
The Occupational Pension Schemes (Requirement to obtain Audited Accounts and a Statement from the Auditor) Regulations 1996The whole of the Regulations except regulations 2(1)(b) and 4 and paragraph 5 of the Schedule to the Regulations
The Occupational Pension Schemes (Scheme Administration) Regulations 1996 Regulations 1, 3(2)(a), (3) and (5) to (7), 4(1) and (2)(a) and (b), 5(1) to (10), 6(3), 7 to 11, 12(1) except sub-paragraph (b)(ix), 13(1) and 14
SCHEDULE 3<Addition ChangeId="key-29e076aab8bee9b4b11346b79342ac44-1582020189689" CommentaryRef="key-29e076aab8bee9b4b11346b79342ac44">Information for members</Addition>Regulations 18 and 18A1The information which is to be provided under regulation 18A(1) is, subject to paragraph 4—athe value of the member’s rights under the scheme on the day before the first day of the statement year, being an amount which is not less than the cash equivalent of those rights on that date, as calculated and verified in a manner consistent with regulations made under section 97 of the 1993 Act (calculation of cash equivalents);bthe value of the member’s rights—ion the last day of the statement year, being an amount which is not less than the cash equivalent of those rights on that day; oriiwhere the member ceases during the statement year to be a member, at the time immediately prior to the time at which the member so ceases, being an amount which is not less than the cash equivalent of those rights at the time immediately prior to the time at which the member so ceases,as calculated and verified in a manner consistent with regulations made under section 97 of the 1993 Act;cin relation to any reduction under any of paragraphs (2) to (4) of regulation 14—ithe rate, expressed as an annual percentage rate, at which, and the period in relation to which, deductions giving rise to that reduction were made; oriiwhere such deductions were made in relation to different periods at different rates—aaeach rate, expressed as an annual percentage rate, at which those deductions were made; andbbthe period in relation to which they were made at that rate; andd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2The information which is listed in this paragraph, as mentioned in regulation 18A(1) and (7) and subject to paragraph 4, is—athe amount of the value mentioned in paragraph 1(b) that is attributable to investment gains or losses made or sustained by the scheme during that statement year;bthe amount of each contribution made by or on behalf of, or made in respect of, the member (except contributions falling within sub-paragraph (c) of this paragraph) and the date on which it was received;cthe amount of each contribution made by any employer on behalf of or in respect of the member and the date on which it was received;dexcept where contributions referred to in sub-paragraphs (b) and (c) are increased by the trustees or manager in anticipation of a payment to the scheme by the Inland Revenue by way of tax relief in respect of the member, the amount of each such payment by the Inland Revenue and the date on which it was received;e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .f. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .g. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .hthe amount of any transfer payment made to the scheme in respect of the member, the name of the scheme or arrangement from which the payment was made and the date on which it was made;iany amount credited to the member’s account in respect of a credit within the meaning of section 29 (pension sharing: creation of pension debits and credits);jany reduction under section 31 (pension sharing: reduction of benefit), or any enactment in force in Northern Ireland corresponding to that section, in the benefits or future benefits to which the member is entitled under the scheme;k. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .lany amount paid to the member by way of income withdrawal or dependants’ income withdrawal as defined in paragraph 7 or, as the case may be, 21 of Schedule 28 to the Finance Act 2004 (registered pension schemes: authorised pensions – supplementary);many other amount deducted from the member’s account, the nature of the deduction and the date on which it was made;nthe total amount of any part of any of the contributions and payments mentioned in sub-paragraphs (b) to (i) which has not been credited to the member’s account and the manner in which that amount has been used; andowhere the whole or any part of the member’s rights under the scheme is represented by rights in a with-profits fund—ithe principles adopted in allocating rights under that fund, including the extent of any smoothing of investment returns and the levels of any guarantees, andiithe principles which will be adopted in allocating such rights if the member’s rights under the scheme cease to be represented by rights in that fund.3The information listed in this paragraph, as mentioned in regulation 18A(1) and (7), is—athe total amount of contributions (not including contributions falling within sub-paragraph (b)) made by or on behalf of, or made in respect of, the member;bthe total amount of contributions made by any employer on behalf of, or in respect of, the member;cexcept where contributions referred to in sub-paragraphs (a) and (b) are increased by the trustees or manager in anticipation of a payment to the scheme by the Inland Revenue by way of tax relief in respect of the member, the total amount of such payments by the Inland Revenue;dthe total amount of any deductions or payments from the member’s account; andea statement that the member may request from the scheme any of the information listed in paragraph 2.4The information mentioned in paragraphs 1, 2 and 3 does not include—athe amount of any reduction or deduction under any of paragraphs (2) to (4) of regulation 14;bthe amount of any reduction under regulation 14(5)(c).5The additional information which is to accompany the information provided under regulation 18A(2) is—aa statement to the effect that the information provided under regulation 18A(2) is provided only for the purposes of illustration and that it does not represent any promise or guarantee as to the amount of benefit which may be receivable by the member or a beneficiary under the scheme;ba statement specifying the means by which the person to whom the information relates may obtain from the trustees or manager further information about the information provided under regulation 18A(2);ca statement to the effect that certain general assumptions have been made in relation to the information provided under regulation 18A(2);da statement to the effect that the amount referred to in regulation 18A(2) is expressed in today’s prices;ea statement of the member’s retirement date for the purpose of regulation 18A(2); andfa statement of the illustration date used for the purpose of calculating the amount referred to in regulation 18A(2).6The further information which is to be provided, as mentioned in regulation 18A(3)(b) and (5)(b), is—aa statement to the effect that assumptions have been made about the nature of the investments made for the purposes of the member’s money purchase benefits and their likely performance, which may not correspond with the investments actually made for those purposes, or their actual performance;ba statement to the effect that the actual amount of any pension payable to or in respect of the member under the scheme will depend on considerations, including the actual performance of investments and the cost of buying an annuity at the time the pension becomes payable, which may be different from the assumptions made for the purposes of providing the information under regulation 18A(2);ca statement specifying any assumptions made in relation to future contributions to the scheme; ...da statement of any assumptions made relating to the lump sum, the level of increases in the pension and the pension payable to the spouse or civil partner, andea statement of any changes to the assumptions mentioned in sub-paragraph (d) that were used for the previous information given under regulation 18A(2).7The information listed in this paragraph, as mentioned in regulation 18A(9), is any change in the scheme’s rules or practice as regards the extent to which or the circumstances in which—aany payment made to the scheme by or on behalf of a member,bany amount credited to the member’s account in respect of a credit within the meaning of section 29 (pension sharing: creation of pension debits and credits),cany income or capital gain arising from the investment of such a payment, ordthe value of any rights under the scheme,may, in accordance with regulations 13, 14 and 14B, be used otherwise than to provide benefits for or in respect of that member.8In this Schedule “annual percentage rate” means the daily percentage rate at which deductions were made under regulation 14(2), (3) or (4) (being no greater than 1/365% of the value of the fund, share or rights in the with-profits fund respectively from which they were made) multiplied by 365.

(This note is not part of the Regulations)

These Regulations are made principally under sections 1 to 8 of the Welfare Reform and Pensions Act 1999 (“the Act"), and other provisions listed in Schedule 1 to the Regulations, to make provision in connection with stakeholder pension schemes introduced by Part I of that Act. Apart from Part IV (which provides for the obligations of employers), the Regulations come into force on 1st October 2000.

Part I of the Regulations is concerned with citation, commencement and interpretation, and Part II with the conditions applying to stakeholder pension schemes. Regulation 2 provides for the establishment as a stakeholder pension scheme of a pension scheme which is not established under a trust. Regulations 3, 4 and 5 specify the requirements with which the instruments establishing a stakeholder pension scheme must comply, especially as respects their provision about membership of the scheme, its assets and the transfer of members’ rights on winding-up. Regulation 3 applies in the case of all such schemes, regulation 4 in the case of schemes established under a trust, and regulation 5 in the case of schemes not established under a trust. Regulations 6 and 7 are concerned with the manner in which the rights of members under a stakeholder pension scheme are to be discharged when the scheme winds up.

Regulations 8 to 12, 15, 16, 18 and 19 provide for the requirements which must be complied with by a pension scheme as a condition of its being a stakeholder pension scheme, and are concerned in particular with such matters as the investment of funds, (regulations 8–10 and 15), reporting obligations, including declarations to be made by trustees and managers, and statements by auditors and accountants, in connection with the scheme (regulations 11 and 12), the provision by schemes of services apart from the management of funds (regulation 16), the provision of information to members (regulation 18) and the obligations of trustees (regulation 19).

Regulations 13 and 14 provide for the circumstances in which payments and credits to the scheme, returns on investments and members’ rights under the scheme may be used for purposes other than the provision of benefits for members, and in particular for defraying administrative expenses, charges, etc. Regulation 17 makes provision for the minimum level of contributions to stakeholder pension schemes and the circumstances in which trustees or managers may refuse contributions.

Part III of the Regulations is concerned with the registration of stakeholder pension schemes, especially as respects the persons who may apply for registration of schemes not established under trusts, and access to the register (regulations 20 and 21).

Part IV of the Regulations, which comes into force on 8th October 2001, makes provision in connection with the duty of employers to facilitate access to stakeholder pension schemes, and in particular for the circumstances in which employers are exempt from those requirements (regulation 22), for the deduction of contributions to such schemes from employees’ remuneration (regulation 24) and for the disclosure of information to employees about such schemes (regulation 25).

Part V of the Regulations makes textual amendments in Regulations made under the Pension Schemes Act 1993 and the Pensions Act 1995 in consequence of the introduction of stakeholder pension schemes, and applies to those schemes which are not occupational pension schemes the provisions of Regulations specified in Schedule 2 as if they were occupational pension schemes.

An assessment of the cost to business of the introduction of stakeholder pension schemes under Part I of the Act and these Regulations is detailed in a Regulatory Impact Assessment, a copy of which has been placed in the libraries of both Houses of Parliament. Copies of the Assessment are available from the Department of Social Security, Regulatory Impact Unit, Third Floor, The Adelphi, 1–11 John Adam Street, London WC2N 6HT.

 See section 185(1) of the Pension Schemes Act 1993 (c. 48) and section 120(1) of the Pensions Act 1995 (c. 26).1999 c. 30.1986 c. 45. Section 249 was amended by section 90, Schedule 15 to the Building Societies Act 1986 (c. 53) and section 23, Schedule 102 to the Friendly Societies Act 1992 (c. 40).S.I. 1999/3147 (N.I. 11).Section 97 was amended by paragraph 4(a) to (c) of Schedule 6 to the Pensions Act 1995.Section 95 was amended by paragraph 3 of Schedule 6 to the Pensions Act 1995.1985 c. 6. Section 736 was substituted by section 144(1) of the Companies Act 1989 (c. 40).S.I. 1987/1110; to which there are amendments not relevant to this instrument.S.I. 1991/167.S.I. 1999/3147 (N.I. 11).S.I. 1996/1655; to which there are amendments not relevant to this instrument.S.I. 1996/1461; to which there are amendments not relevant to this instrument.S.I. 1999/3147 (N.I. 11).1993 c. 48.1995 c. 26.1999 c. 30.S.I. 1997/785; as amended by S.I. 1999/1849.S.I. 1996/1655; as amended by S.I. 1997/786.S.I. 1996/3127.S.I. 1997/666; as amended by S.I. 1998/600, 1999/682 and 2000/542.S.I. 1997/665.S.I. 1997/663.S.I. 1996/1715; regulation 3(5) was inserted by S.I. 1998/1494, regulation 5 was amended by S.I. 1997/819 and 1998/3038 and regulation 7 was amended by S.I. 1997/819.Words in reg. 1(2) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 2(2)Words in reg. 1(3) inserted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 2(3)(b)Reg. 1(8) inserted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 2(4)Words in reg. 3(1) substituted (14.2.2001) by The Stakeholder Pension Schemes (Amendment) Regulations 2001 (S.I. 2001/104), regs. 1(1), 3(2)Reg. 3(5A) inserted (14.2.2001) by The Stakeholder Pension Schemes (Amendment) Regulations 2001 (S.I. 2001/104), regs. 1(1), 3(4)Reg. 3(10)(11) inserted (14.2.2001) by The Stakeholder Pension Schemes (Amendment) Regulations 2001 (S.I. 2001/104), regs. 1(1), 3(4)Reg. 4(1) omitted (14.2.2001) by The Stakeholder Pension Schemes (Amendment) Regulations 2001 (S.I. 2001/104), regs. 1(1), 4(2)Reg. 4(2) omitted (14.2.2001) by The Stakeholder Pension Schemes (Amendment) Regulations 2001 (S.I. 2001/104), regs. 1(1), 4(2)Words in reg. 4(3) substituted (14.2.2001) by The Stakeholder Pension Schemes (Amendment) Regulations 2001 (S.I. 2001/104), regs. 1(1), 4(3)Reg. 5 omitted (14.2.2001) by The Stakeholder Pension Schemes (Amendment) Regulations 2001 (S.I. 2001/104), regs. 1(1), 5Words in reg. 3(1) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 2(2)Words in reg. 3(5A) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 3(3)Reg. 3(5B) inserted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 3(4)Reg. 3(11) omitted (5.4.2001) by virtue of The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 3(5)Words in reg. 4(3) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 4(2)Words in reg. 4(4)(a) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 4(3)Words in reg. 10(4) inserted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 6(2)Reg. 10(4A) inserted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 6(3)Words in reg. 10(5) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 6(4)Words in reg. 10(6) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 6(5)(a)Word in reg. 10(6) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 6(5)(b)Words in reg. 10(7) inserted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 6(6)(a)Words in reg. 10(7) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 6(6)(b)Reg. 10(8) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 6(7)Word in reg. 11(1) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 7(2)Reg. 11(2) omitted (5.4.2001) by virtue of The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 7(3)Reg. 11(3) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 7(4)Words in reg. 11(6)-(8) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 7(6)Reg. 11(7)(b) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 7(7)(b)Reg. 11(7A) inserted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 7(8)Reg. 11(9)-(11) inserted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 7(10)Reg. 13(2A) inserted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 9(2)Reg. 13(4) inserted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 9(3)Words in reg. 15(4) omitted (5.4.2001) by virtue of The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 11(3)(a)Words in reg. 15(4) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 11(3)(b)Words in reg. 17(1) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 12(2)Reg. 17(5)-(7) inserted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 12(3)Words in reg. 24(1) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 16(2)(a)Words in reg. 24(1) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 16(2)(b)Reg. 24(2)(a) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 16(3)(a)Word in reg. 24(2)(c)(i) omitted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 16(3)(b)(i)Words in reg. 24(2)(c)(ii) inserted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 16(3)(b)(ii)Reg. 24(2A)(2B) inserted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 16(4)Reg. 24(3) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 16(5)Reg. 24(6)(7) inserted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 16(6)Words in reg. 25(1) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 17(2)Word in reg. 25(2)(b)(i) omitted (5.4.2001) by virtue of The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 17(3)(b)Word in reg. 25(2)(c) omitted (5.4.2001) by virtue of The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 17(3)(c)Word in reg. 25(2)(c) omitted (5.4.2001) by virtue of The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 17(3)(d)Words in reg. 25(2)(d) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 17(3)(e)(i)Words in reg. 25(2)(d) substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 17(3)(e)(ii)Reg. 25(2)(e) and word inserted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 17(3)(f)Words in Sch. 2 substituted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 18(2)Words in Sch. 2 inserted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 18(3)Word in reg. 25(2)(b) inserted (5.4.2001) by The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 (S.I. 2001/934), regs. 1(1), 17(3)(a)Words in reg. 6(6)(c) omitted (6.4.2005) by virtue of The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 3(3)(b)(i)Regs. 18E(4)-(4B) substituted for reg. 18E(4) (6.4.2014) by The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(7)(c)Reg. 11(4) substituted (9.9.2002) by The Stakeholder Pension Schemes (Amendment No. 2) Regulations 2002 (S.I. 2002/2098), regs. 1(1), 3(2)Word in reg. 18B(2)(b)(i) inserted (6.4.2012) by The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011 (S.I. 2011/1245), regs. 1(2), 14(3)(a)Reg. 17(4A) inserted (6.4.2006) by The Taxation of Pension Schemes (Consequential Amendments of Occupational and Personal Pension Schemes Legislation) Order 2006 (S.I. 2006/744), arts. 1, 20(5)(c)Words in reg. 8(6) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 596(2)(a)Words in reg. 21(1) omitted (6.4.2009) by virtue of The Occupational, Personal and Stakeholder Pensions (Miscellaneous Amendments) Regulations 2009 (S.I. 2009/615), regs. 1(2), 16(3)Reg. 15(6) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 31(b)Reg. 2(2) substituted for reg. 2(2)(3) (6.4.2013) by The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(3)Sch. 3 para. 1(d) omitted by SI 2011/1245 reg. 20(4)(a) (as substituted) (6.4.2014) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 18(3)Sch. 3 para. 2(e)(f) omitted by SI 2011/1245 reg. 20(4)(b) (as substituted) (6.4.2015) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 18(3)Reg. 13(4)(a) omitted (6.4.2012) by virtue of The Pensions Act 2008 (Abolition of Protected Rights) (Consequential Amendments) Order 2011 (S.I. 2011/1246), arts. 1(2)(a), 20(3)Words in reg. 1(3) inserted (1.12.2010) by The Occupational, Personal and Stakeholder Pension Schemes (Disclosure of Information) (Amendment) Regulations 2010 (S.I. 2010/2659), regs. 1(2), 4(2)(a)(v)Reg. 14 - 14C substituted for reg. 14 (6.4.2005) by The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 7(1)Words in reg. 1(3) inserted (6.4.2003) by The Occupational and Personal Pension Schemes (Disclosure of Information) Amendment Regulations 2002 (S.I. 2002/1383), regs. 1(1), 4(1)(c)Reg. 18E(2) substituted (6.4.2014) by The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(7)(b)Words in reg. 11(7) omitted (9.9.2002) by virtue of The Stakeholder Pension Schemes (Amendment No. 2) Regulations 2002 (S.I. 2002/2098), regs. 1(1), 3(4)Word in reg. 18(7)(a) inserted (6.4.2014) by The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(3)(a)Words in reg. 11(7A)(e) omitted (9.9.2002) by virtue of The Stakeholder Pension Schemes (Amendment No. 2) Regulations 2002 (S.I. 2002/2098), regs. 1(1), 3(5)(c)(ii)Words in reg. 1(3) revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 595(1)(a)Sch. 3 inserted (1.12.2010) by The Occupational, Personal and Stakeholder Pension Schemes (Disclosure of Information) (Amendment) Regulations 2010 (S.I. 2010/2659), regs. 1(2), 4(7), Sch.Words in reg. 1(3) inserted (6.4.2005) by The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 2(2)(c)Words in reg. 3(5)(f) omitted (6.4.2009) by virtue of The Occupational, Personal and Stakeholder Pensions (Miscellaneous Amendments) Regulations 2009 (S.I. 2009/615), regs. 1(2), 16(2)Reg. 14D inserted (6.4.2015) by The Occupational Pension Schemes (Charges and Governance) Regulations 2015 (S.I. 2015/879), regs. 1(2), 12(3)Reg. 18A(2A) inserted (6.4.2014) by The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(4)(c)Word in reg. 24(2) substituted (6.4.2013) by The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(5)(b)(i)Reg. 18F inserted (6.4.2014) by The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(8)Words in reg. 24(2B)(d)(i) omitted (6.4.2013) by virtue of The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(5)(c)Sch. 3 para. 2(g) omitted by SI 2011/1245 reg. 20(4)(b) (as substituted) (6.4.2015) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 18(3)Words in reg. 12(5)(d)(i) substituted (6.4.2005) by The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 7(3)(a)Words in reg. 1(3) substituted (6.4.2014) by The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(2)(c)Sch. 3 para. 6(d)(e) substituted for Sch. 3 para. 6(d) (6.4.2014) by The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(9)(b)Words in reg. 19 omitted (30.12.2005) by virtue of The Occupational Pension Schemes (Scheme Funding) Regulations 2005 (S.I. 2005/3377), regs. 1, 20(1), Sch. 3 para. 12(2)Word in reg. 14(5)(g) omitted (6.4.2013) by virtue of The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(4)(b)Reg. 6(8) omitted (1.12.2010) by virtue of The Occupational, Personal and Stakeholder Pension Schemes (Disclosure of Information) (Amendment) Regulations 2010 (S.I. 2010/2659), regs. 1(2), 4(3)Words in reg. 8(4) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 596(1)Words in reg. 8(6) revoked (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 596(2)(b)Reg. 14(5A) inserted (6.4.2007) by The Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2007 (S.I. 2007/814), regs. 1, 11(2)(b)Words in reg. 1(3) omitted (6.4.2015) by virtue of The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011 (S.I. 2011/1245), regs. 1(2), 20(2)Words in reg. 1(3) substituted (6.4.2006) by The Taxation of Pension Schemes (Consequential Amendments of Occupational and Personal Pension Schemes Legislation) Order 2006 (S.I. 2006/744), arts. 1, 20(2)(a)(ii)Words in reg. 1(3) omitted (31.12.2020) by virtue of The Occupational and Personal Pension Schemes (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/192), regs. 1, 15(2); 2020 c. 1, Sch. 5 para. 1(1)Word in reg. 18A(4) omitted (6.4.2014) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(4)(d)(ii)Reg. 11(8)(9) substituted (9.9.2002) by The Stakeholder Pension Schemes (Amendment No. 2) Regulations 2002 (S.I. 2002/2098), regs. 1(1), 3(6)Words in reg. 15(3)(c) substituted (9.9.2002) by The Stakeholder Pension Schemes (Amendment No. 2) Regulations 2002 (S.I. 2002/2098), regs. 1(1), 5(2)Reg. 18A(4)(e) omitted (6.4.2014) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(4)(d)(iii)Words in reg. 24(2)(c)(ii) inserted (6.4.2013) by The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(5)(d)Sch. 3 para. 2(k) revoked (6.4.2013) by The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(2)(e)Reg. 10(5)(a) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 597(1)Words in reg. 8(4)(5) substituted (6.4.2005) by The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 4(2)Word in reg. 18A(4) inserted (6.4.2014) by The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(4)(d)(i)Word in reg. 24(3)(a)(ii) omitted (6.4.2013) by virtue of The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(5)(e)(i)Reg. 18A(1A)(1B) inserted (6.4.2014) by The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(4)(b)Words in reg. 15(4)(a) substituted (6.4.2005) by The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 7(3)(b)Words in reg. 1(3) inserted (6.4.2003) by The Occupational and Personal Pension Schemes (Disclosure of Information) Amendment Regulations 2002 (S.I. 2002/1383), regs. 1(1), 4(1)(b)Words in reg. 24(2)(b) omitted (6.4.2013) by virtue of The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(5)(b)(ii)Reg. 18C(4)(4A) substituted for reg. 18C(4) (6.4.2014) by The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(6)Words in reg. 3(5A)(5B) substituted (6.4.2006) by The Taxation of Pension Schemes (Consequential Amendments of Occupational and Personal Pension Schemes Legislation) Order 2006 (S.I. 2006/744), arts. 1, 20(3)Word in reg. 15(4)(5) substituted (3.7.2002) by The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2002 (S.I. 2002/1555), arts. 1, 40(3)Reg. 1(4)(4A) substituted for reg. 1(4) (6.4.2005) by The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 2(3)Words in reg. 24(2B)(d)(ii) inserted (6.4.2013) by The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(5)(d)Words in reg. 18E(7) inserted (6.4.2014) by The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(7)(e)Words in reg. 17(3) substituted (6.4.2006) by The Taxation of Pension Schemes (Consequential Amendments of Occupational and Personal Pension Schemes Legislation) Order 2006 (S.I. 2006/744), arts. 1, 20(5)(a)Reg. 11(7A)(c) substituted (9.9.2002) by The Stakeholder Pension Schemes (Amendment No. 2) Regulations 2002 (S.I. 2002/2098), regs. 1(1), 3(5)(b)Words in reg. 11(6) substituted (9.9.2002) by The Stakeholder Pension Schemes (Amendment No. 2) Regulations 2002 (S.I. 2002/2098), regs. 1(1), 3(3)Reg. 13(5) inserted (6.4.2015) by The Occupational Pension Schemes (Charges and Governance) Regulations 2015 (S.I. 2015/879), regs. 1(2), 12(2)Word in reg. 18(7) omitted (6.4.2014) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(3)(b)Words in reg. 1(3) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 31(a)(ii)Words in reg. 11(7A)(e) omitted (9.9.2002) by virtue of The Stakeholder Pension Schemes (Amendment No. 2) Regulations 2002 (S.I. 2002/2098), regs. 1(1), 3(5)(c)(i)Word in reg. 12(5)(a)(iv)(d)(ii) substituted (1.12.2010) by The Occupational, Personal and Stakeholder Pension Schemes (Disclosure of Information) (Amendment) Regulations 2010 (S.I. 2010/2659), regs. 1(2), 4(5)Words in reg. 24(7) omitted (6.4.2013) by virtue of The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(5)(i)Reg. 23 revoked (6.4.2013) by The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(2)(d)Word in reg. 15(4) omitted (6.4.2005) by virtue of The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 8(3)Words in reg. 1(3) omitted (6.4.2014) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(2)(b)(ii)Word in reg. 17(4) substituted (6.4.2006) by The Taxation of Pension Schemes (Consequential Amendments of Occupational and Personal Pension Schemes Legislation) Order 2006 (S.I. 2006/744), arts. 1, 20(5)(b)Words in reg. 13(2)(b) substituted (6.4.2005) by The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 6(3)Reg. 18(7)(c) omitted (6.4.2014) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(3)(c)Word in reg. 6(4)(b) substituted (6.4.2006) by The Taxation of Pension Schemes (Consequential Amendments of Occupational and Personal Pension Schemes Legislation) Order 2006 (S.I. 2006/744), arts. 1, 20(4)(a)Words in reg. 6(5)(a) inserted (6.4.2005) by The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 3(2)(b)Reg. 10A –10E inserted (6.4.2005) by The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 5Reg. 12 substituted (9.9.2002) by The Stakeholder Pension Schemes (Amendment No. 2) Regulations 2002 (S.I. 2002/2098), regs. 1(1), 4Word in reg. 1(3) substituted (6.4.2014) by The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(2)(d)Words in reg. 1(3) inserted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 595(1)(a)Reg. 3(7) omitted (6.4.2012) by virtue of The Pensions Act 2008 (Abolition of Protected Rights) (Consequential Amendments) Order 2011 (S.I. 2011/1246), arts. 1(2)(a), 20(2)Words in reg. 1(3) inserted (6.4.2003) by The Occupational and Personal Pension Schemes (Disclosure of Information) Amendment Regulations 2002 (S.I. 2002/1383), regs. 1(1), 4(1)(e)Reg. 18B(2)(b)(iii) and word omitted (6.4.2012) by virtue of The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011 (S.I. 2011/1245), regs. 1(2), 14(3)(b)Reg. 22 revoked (6.4.2013) by The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(2)(c)Reg. 1(3A) inserted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 595(2)Words in reg. 6(5) omitted (6.4.2005) by virtue of The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 3(2)(a)Words in reg. 11(7A)(e) omitted (9.9.2002) by virtue of The Stakeholder Pension Schemes (Amendment No. 2) Regulations 2002 (S.I. 2002/2098), regs. 1(1), 3(5)(c)(iii)Reg. 1(4)(4A) omitted (1.12.2010) by virtue of The Occupational, Personal and Stakeholder Pension Schemes (Disclosure of Information) (Amendment) Regulations 2010 (S.I. 2010/2659), regs. 1(2), 4(2)(b)Words in reg. 1(3) omitted (6.4.2012) by virtue of The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011 (S.I. 2011/1245), regs. 1(2), 14(2)Words in reg. 14(1) substituted (6.4.2007) by The Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2007 (S.I. 2007/814), regs. 1, 11(2)(a)Reg. 18E(6) omitted (6.4.2014) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(7)(d)Words in reg. 18E(1) substituted (6.4.2014) by The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(7)(a)Words in reg. 18B(1)(b) omitted (6.4.2014) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(5)(a)Word in reg. 14(5)(f) added (6.4.2013) by The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(4)(a)Reg. 1(8) omitted (6.4.2005) by virtue of The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 2(4)Word in reg. 15(3) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 595(4)Words in reg. 1(3) inserted (1.12.2010) by The Occupational, Personal and Stakeholder Pension Schemes (Disclosure of Information) (Amendment) Regulations 2010 (S.I. 2010/2659), regs. 1(2), 4(2)(a)(ii)Words in reg. 13(1) inserted (6.4.2005) by The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 6(2)Reg. 19A inserted (1.8.2022) by The Occupational Pension Schemes (Collective Money Purchase Schemes) (Modifications and Consequential and Miscellaneous Amendments) Regulations 2022 (S.I. 2022/337), regs. 1(3), 6Words in reg. 8(6) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 596(2)(c)Reg. 7(1) substituted (1.12.2010) by The Occupational, Personal and Stakeholder Pension Schemes (Disclosure of Information) (Amendment) Regulations 2010 (S.I. 2010/2659), regs. 1(2), 4(4)Words in reg. 16(a)(i) substituted (6.4.2005) by The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 7(3)(c)Words in reg. 12(5)(a)(i) substituted (6.4.2005) by The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 7(3)(a)Word in reg. 1(3) substituted (3.7.2002) by The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2002 (S.I. 2002/1555), arts. 1, 40(2)(b)Words in reg. 1(6) substituted (6.4.2006) by The Taxation of Pension Schemes (Consequential Amendments of Occupational and Personal Pension Schemes Legislation) Order 2006 (S.I. 2006/744), arts. 1, 20(2)(b)Word in reg. 8(5) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 595(3)Words in reg. 1(3) omitted (6.4.2014) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(2)(b)(i)Reg. 18B(3)(4) omitted (6.4.2014) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(5)(b)Words in reg. 1(3) revoked (6.4.2013) by The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(2)(a)Word in reg. 1(3) substituted (6.4.2014) by The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(2)(a)Words in reg. 24(6) substituted (6.4.2013) by The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(5)(h)Word in reg. 6(4)(b) substituted (6.4.2006) by The Taxation of Pension Schemes (Consequential Amendments of Occupational and Personal Pension Schemes Legislation) Order 2006 (S.I. 2006/744), arts. 1, 20(4)(b)Words in reg. 1(3) omitted (9.8.2012) by virtue of The Occupational and Personal Pension Schemes (Prescribed Bodies) Regulations 2012 (S.I. 2012/1817), reg. 1, Sch. para. 6(a)Reg. 30 revoked (6.4.2006) by The Occupational Pension Schemes (Member-nominated Trustees and Directors) Regulations 2006 (S.I. 2006/714), regs. 1(1), 6, Sch. TableWords in reg. 24(1) omitted (6.4.2013) by virtue of The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(5)(a)Regs. 18-18E substituted for reg. 18 (1.12.2010) by The Occupational, Personal and Stakeholder Pension Schemes (Disclosure of Information) (Amendment) Regulations 2010 (S.I. 2010/2659), regs. 1(2), 4(6)Words in reg. 18A(1) inserted (6.4.2014) by The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(4)(a)Reg. 24(5A)(5B) inserted (6.4.2013) by The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(5)(g)Words in reg. 11(7A) substituted (9.9.2002) by The Stakeholder Pension Schemes (Amendment No. 2) Regulations 2002 (S.I. 2002/2098), regs. 1(1), 3(5)(a)Reg. 8(7) inserted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 596(3)Words in reg. 1(3) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 31(a)(i)Reg. 6(6)(b) omitted (6.4.2005) by virtue of The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 3(3)(a)Reg. 31 revoked (30.12.2005) by The Occupational Pension Schemes (Investment) Regulations 2005 (S.I. 2005/3378), reg. 1(1), Sch.Reg. 10(5A) inserted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 597(2)Reg. 24(3)(b) omitted (6.4.2013) by virtue of The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(5)(e)(ii)Words in reg. 17(2) omitted (6.4.2015) by virtue of The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011 (S.I. 2011/1245), regs. 1(2), 20(3)Words in reg. 11(10) substituted (9.9.2002) by The Stakeholder Pension Schemes (Amendment No. 2) Regulations 2002 (S.I. 2002/2098), regs. 1(1), 3(10)Words in reg. 1(3) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 595(1)(b)Words in reg. 1(3) omitted (6.4.2005) by virtue of The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 2(2)(e)Words in reg. 15(4)(b) substituted (9.9.2002) by The Stakeholder Pension Schemes (Amendment No. 2) Regulations 2002 (S.I. 2002/2098), regs. 1(1), 5(3)Words in reg. 3(4) substituted (6.4.2005) by The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 7(2)Words in Sch. 2 substituted (6.4.2008) by The Occupational Pension Schemes (Internal Dispute Resolution Procedures Consequential and Miscellaneous Amendments) Regulations 2008 (S.I. 2008/649), regs. 1(1), 6(3)Words in reg. 1(3) substituted (6.4.2006) by The Taxation of Pension Schemes (Consequential Amendments of Occupational and Personal Pension Schemes Legislation) Order 2006 (S.I. 2006/744), arts. 1, 20(2)(a)(i)Words in reg. 3(5)(a) omitted (6.4.2009) by virtue of The Occupational, Personal and Stakeholder Pensions (Miscellaneous Amendments) Regulations 2009 (S.I. 2009/615), regs. 1(2), 16(2)Reg. 14(5)(h) revoked (6.4.2013) by The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(2)(b)Words in reg. 1(3) inserted (1.12.2010) by The Occupational, Personal and Stakeholder Pension Schemes (Disclosure of Information) (Amendment) Regulations 2010 (S.I. 2010/2659), regs. 1(2), 4(2)(a)(i)Words in reg. 24(2)(c)(i) omitted (6.4.2013) by virtue of The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(5)(c)Words in reg. 6(6)(c) substituted (6.4.2005) by The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 3(3)(b)(ii)Words in reg. 1(5) substituted (9.9.2002) by The Stakeholder Pension Schemes (Amendment No. 2) Regulations 2002 (S.I. 2002/2098), regs. 1(1), 2(2)Word in Sch. 3 para. 6 omitted (6.4.2014) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 9(9)(a)Word in reg. 25(2)(e)(i) substituted (6.4.2006) by The Taxation of Pension Schemes (Consequential Amendments of Occupational and Personal Pension Schemes Legislation) Order 2006 (S.I. 2006/744), arts. 1, 20(7)Word in reg. 15(3)(c) substituted (6.4.2005) by The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 8(2)Words in reg. 1(3) omitted (6.4.2005) by virtue of The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 2(2)(d)Reg. 24(4) omitted (6.4.2013) by virtue of The Occupational and Stakeholder Pension Schemes (Miscellaneous Amendments) Regulations 2013 (S.I. 2013/459), regs. 1, 8(5)(f)Words in reg. 13(3) substituted (6.4.2005) by The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 6(4)