Article 4

In article 72 (pension products offered by employers)—

(a)

in paragraph (2)—

(i)

for sub-paragraph (b) substitute—

“(b)
the employer has not received, and will not receive, any direct financial benefit as a result of making the communication;”;

(ii)

at the end of sub-paragraph (c) after “that employee” insert “or the basis on which the contribution will be calculated”;

(b)

omit paragraph (3).