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)

[F2 Part 3 E+W+S Information to be Given to Members Having an Opportunity to Transfer Flexible Benefits

Textual Amendments

F2 Sch. 7 Pt. 3 inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 13(3)

11.   A statement that the member has an opportunity to transfer flexible benefits to one or more different pension providers. E+W+S

12.   A statement that different pension providers offer different options in relation to what the member can do with the flexible benefits, including the option to select an annuity. E+W+S

13.   A statement that different options have different features, different rates of payment, different charges and different tax implications. E+W+S

14.   Either— E+W+S

(a) a copy of guidance that explains the characteristic features of the options referred to in paragraph 13 that has been prepared or approved by the Regulator; or

(b) a statement that gives materially the same information as that guidance.]