The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 No. 2734

SCHEDULES

SCHEDULE 7 E+W+S Information to be given by schemes that relates to accessing benefits [F1 and to benefit adjustments]

Textual Amendments

F1 Words in Sch. 7 heading 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), 13(17)(a)

PART 1 E+W+S Information to be given to persons having an opportunity to select an annuity

1.  A statement that the person has an opportunity to select an annuity. E+W+S

2.  A statement that the person has an opportunity to select the provider of the annuity. E+W+S

3.  A statement that different annuities have different features and different rates of payment including annuities that provide— E+W+S

(a) the same payments every year,

(b) increasing payments every year,

(c) payments only for the person,

(d) payments for the person's spouse or civil partner,

(e) a guarantee on the early death of the person.

4.  Either— E+W+S

(a) an explanation of the characteristic features of the annuities referred to in paragraph 3, or

(b) a copy of guidance giving that explanation that has been prepared or approved by the Regulator.

5.  A statement that the person should consider taking advice about which annuity is most suitable for them. E+W+S