13 Amendment of Schedule 7
1 Schedule 7 (information to be given by schemes that relates to accessing benefits) is amended as follows.
2 In the reference note at the head of the Schedule, for “19” substitute “18A”.
3 After Part 2 (information on accessing benefits for members and survivors) insert—

“Part 3 Information to be Given to Members Having an Opportunity to Transfer Flexible Benefits
11 A statement that the member has an opportunity to transfer flexible benefits to one or more different pension providers.
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.
13 A statement that different options have different features, different rates of payment, different charges and different tax implications.
14 Either—
(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.”

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