Paragraph 7 New regulation U5I1

At the end of Part U (administrative matters), add—

“Benefit information statements

U5.

(1)

The Secretary of State must provide a benefit information statement to each member in accordance with—

(a)

section 14 (information about benefits) of the 2013 Act, and

(b)

any Treasury directions given from time to time pursuant to that section.

(2)

Paragraph (1) does not provide a right for a member to request a benefit information statement.

(3)

The Secretary of State is only required to provide a member with one benefit information statement per scheme year.

(4)

A benefit information statement provided pursuant to paragraph (1) is to be treated as though it is the information mentioned in regulation 16(2)(a) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013^f1 for the purposes of determining whether or not information must be given under regulation 16(1) of those Regulations.”.