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The Occupational and Personal Pension Schemes (DisclosureofInformation) Regulations (Northern Ireland) 2014

S.R. 2014/79 · Made 13 March 2014 · Extends to Northern Ireland

Up to date with all changes known to legislation.gov.uk, revised to 31 July 2026.

Pensions

Made 13th March 2014

Coming into operation 6th April 2014

The Department for Social Development makes the following Regulations in exercise of the powers conferred by sections 109, 164(1) and (4), 177(2) to (4) and 178(1) of the Pension Schemes (Northern Ireland) Act 1993f1, Articles 10(3), 41(1), (5), (5A) and (6) and 166(1) to (3) of the Pensions (Northern Ireland) Order 1995f2 and Articles 3(1)(b), 21(1)(a), (b)(i) and (c)(i) and (2), 31(1)(b)(ii), 42(1) and 73(3) and (4) of the Welfare Reform and Pensions (Northern Ireland) Order 1999f3, and now vested in itf4.

Annotations to the whole text

Footnotes

f1

1993 c. 49; section 109 was amended by section 48 of the Child Support, Pensions and Social Security Act (Northern Ireland) 2000 (c. 4 (N.I.)), paragraph 13 of Schedule 10 to the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I.1)), paragraph 4 of Schedule 5 to the Pensions Act (Northern Ireland) 2008 (c. 1 (N.I.)) and paragraph 15 of the Schedule to S.R. 2005 No. 434; section 164 was substituted by Article 151(1) of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) and subsection (4) was amended by paragraph 22 of Schedule 10 to the Pensions (Northern Ireland) Order 2005; section 178(1) was amended by Parts 3 and 4 of Schedule 5 to the Pensions (Northern Ireland) Order 1995

f2

S.I. 1995/3213 (N.I. 22); Article 41 was amended by paragraph 10(1) of Schedule 5 to the Child Support, Pensions and Social Security Act (Northern Ireland) 2000, paragraph 46 of Schedule 10, and Schedule 11, to the Pensions (Northern Ireland) Order 2005 and paragraph 22 of the Schedule to S.R. 2005 No. 434

f3

S.I. 1999/3147 (N.I. 11); Article 21(1) was amended by paragraph 108 of Schedule 29 to the Civil Partnership Act 2004 (c. 33)

f4

See Article 8(b) of S.R. 1999 No. 481

Contents

  1. Part 1: General
  2. 1Citation, commencement and expiry
  3. 2Interpretation
  4. 3Recognised trade union
  5. 4Application of these Regulations
  6. 5Civil penalties relating to occupational pension schemes
  7. Part 2: Information for new and prospective members
  8. 6Basic scheme information
  9. 7Basic scheme information to be given by certain schemes
  10. Part 3: Changes to information
  11. 8Material alterations to basic scheme information
  12. 8AScheme closure: collective money purchase schemes
  13. 9Modification by the Regulator
  14. 10Former stakeholder pension schemes
  15. Part 4: Information to be given on request
  16. 11Constitution of the scheme
  17. 12Annual report
  18. 12AAdditional information available on request: pooled funds
  19. 13Other information to be given on request
  20. 14Transfer credits
  21. Part 5: Funding statements, benefit statements and illustrations
  22. 15Summary funding statements
  23. 16Statements of benefits: non-money purchase benefits
  24. 16AStatements of benefits: cash balance benefits
  25. 17Statements of benefits: money purchase benefits
  26. 17AStatements of benefits: collective money purchase schemes
  27. Part 6: Lifestyling and accessing benefits
  28. 18Lifestyling
  29. 18AInformation to be given on request and on a member providing certain information
  30. 18BInformation to be given on communicating with a member about what the member may do with flexible benefits
  31. 18CRequirement to refer members and survivors to guidance etc.
  32. 18DConsequential modifications of sections 95 and 97J of the 1993 Act
  33. 18ERecord-keeping requirements of trustees and managers
  34. 19First information on accessing benefits
  35. 19ARetirement risk warnings
  36. 20Second information on accessing benefits
  37. 21Accessing benefits on the death of the member or beneficiary
  38. Part 7: Information about benefits in payment
  39. 22Changes to benefits
  40. 22ABenefit adjustment information: collective money purchase schemes
  41. 22BIncorrect benefit adjustments in collective money purchase schemes
  42. Part 8: Information about winding up
  43. 23Personal pension schemes that have begun winding up
  44. 24Occupational pension schemes during winding up
  45. 25Occupational pension schemes after winding up for individual members
  46. Part 9: Giving information and documents
  47. 26Giving information and documents
  48. 27Provision of information on a website
  49. 28Provision of information on a website: supplemental
  50. 29Giving information and documents in certain cases
  51. 29APublishing charges and transaction costs and other relevant information
  52. 29BAdditional publication requirements for collective money purchase schemes
  53. 30Responsibility for giving information and documents
  54. Part 10: Consequential amendments and revocations
  55. 31Consequential amendments
  56. 32Consequential revocations
  57. Signature
  58. Schedule 1: Description of schemes
  59. 1Paragraph 1
  60. 2Paragraph 2
  61. Schedule 2: Basic information
  62. Part 1: Information to be given by occupational pension schemes that fall within paragraph 1 of Schedule 1
  63. 1Paragraph 1
  64. 2Paragraph 2
  65. 3Paragraph 3
  66. 4Paragraph 4
  67. 4AParagraph 4A
  68. 4BParagraph 4B
  69. 4CParagraph 4C
  70. 5Paragraph 5
  71. 6Paragraph 6
  72. 7Paragraph 7
  73. 8Paragraph 8
  74. 9Paragraph 9
  75. 10Paragraph 10
  76. 11Paragraph 11
  77. 12Paragraph 12 Repealed
  78. 13Paragraph 13
  79. 14Paragraph 14
  80. 15Paragraph 15
  81. 16Paragraph 16
  82. 16AParagraph 16A
  83. 17Paragraph 17
  84. 18Paragraph 18
  85. 18AParagraph 18A
  86. 18BParagraph 18B
  87. Part 2: Information to be given by occupational pension schemes not falling within paragraph 1 of Schedule 1 and schemes that are established under the Salvation Army Act 1963
  88. 19Paragraph 19
  89. 20Paragraph 20
  90. 21Paragraph 21
  91. 22Paragraph 22
  92. 22AParagraph 22A
  93. 22BParagraph 22B
  94. 22CParagraph 22C
  95. 23Paragraph 23
  96. 24Paragraph 24
  97. 25Paragraph 25
  98. 26Paragraph 26
  99. 27Paragraph 27
  100. 28Paragraph 28
  101. 28AParagraph 28A
  102. Part 3: Lifestyling
  103. 29Paragraph 29
  104. Part 4: Scheme closure: collective money purchase schemes
  105. 30Paragraph 30
  106. 31Paragraph 31
  107. 32Paragraph 32
  108. 33Paragraph 33
  109. 34Paragraph 34
  110. 35Paragraph 35
  111. 36Paragraph 36
  112. 37Paragraph 37
  113. Schedule 3: Information to be given on request
  114. Part 1: Information on the constitution of the scheme
  115. 1Paragraph 1
  116. 2Paragraph 2
  117. 3Paragraph 3
  118. 4Paragraph 4
  119. Part 2: Information in the annual report etc.
  120. 5Paragraph 5
  121. 6Paragraph 6
  122. 7Paragraph 7
  123. Part 3: Information on funding principles and actuarial valuations etc.
  124. 8Paragraph 8
  125. 9Paragraph 9
  126. 10Paragraph 10
  127. 10AParagraph 10A
  128. 11Paragraph 11
  129. 12Paragraph 12
  130. 13Paragraph 13
  131. 14Paragraph 14
  132. Part 4: Information on transfer credits
  133. 15Paragraph 15
  134. 16Paragraph 16
  135. Part 5: Information that applies to the scheme
  136. 17Paragraph 17
  137. 18Paragraph 18
  138. 19Paragraph 19
  139. 20Paragraph 20
  140. 21Paragraph 21
  141. 22Paragraph 22
  142. 23Paragraph 23
  143. 24Paragraph 24
  144. 25Paragraph 25
  145. 26Paragraph 26
  146. 27Paragraph 27
  147. 28Paragraph 28
  148. 29Paragraph 29
  149. 30Paragraph 30
  150. 31Paragraph 31
  151. 32Paragraph 32
  152. 33Paragraph 33
  153. 34Paragraph 34
  154. 34AParagraph 34A
  155. Part 6: Information to be given about pooled funds
  156. 35Paragraph 35
  157. Schedule 4: Summary funding statements
  158. 1Paragraph 1
  159. 2Paragraph 2
  160. 3Paragraph 3
  161. 4Paragraph 4
  162. 5Paragraph 5
  163. 6Paragraph 6
  164. 7Paragraph 7
  165. 8Paragraph 8
  166. 9Paragraph 9
  167. 10Paragraph 10
  168. Schedule 5: Statements of benefits: non money purchase benefits
  169. Part 1: Information for active members
  170. 1Paragraph 1
  171. 2Paragraph 2
  172. 3Paragraph 3
  173. Part 2: Information for active and deferred members
  174. 4Paragraph 4
  175. 5Paragraph 5
  176. 6Paragraph 6
  177. 6AParagraph 6A
  178. Part 3: Information for deferred members
  179. 7Paragraph 7
  180. 8Paragraph 8
  181. 9Paragraph 9
  182. Part 4: Information for pension credit members
  183. 10Paragraph 10
  184. 11Paragraph 11
  185. 12Paragraph 12
  186. Schedule 6: Statements of benefits: money purchase benefits and cash balance benefits
  187. Part 1: Information for all money purchase members
  188. 1Paragraph 1
  189. 2Paragraph 2
  190. 3Paragraph 3
  191. 4Paragraph 4
  192. 5Paragraph 5
  193. 5AParagraph 5A
  194. 5BParagraph 5B
  195. 5CParagraph 5C
  196. Part 2: Pension illustration
  197. 6Paragraph 6
  198. 6AParagraph 6A
  199. 7Paragraph 7
  200. 8Paragraph 8
  201. 9Paragraph 9
  202. 10Paragraph 10
  203. 11Paragraph 11
  204. 12Paragraph 12
  205. 13Paragraph 13
  206. 14Paragraph 14
  207. Part 3: Further information to be given on pension illustration
  208. 15Paragraph 15
  209. 16Paragraph 16
  210. 16AParagraph 16A
  211. 17Paragraph 17
  212. Schedule 6A: Statements of benefits: collective money purchase benefits
  213. Part 1: Information for active, deferred and pension credit members
  214. 1Paragraph 1
  215. 2Paragraph 2
  216. 3Paragraph 3
  217. 4Paragraph 4
  218. 5Paragraph 5 Repealed
  219. 6Paragraph 6 Repealed
  220. 7Paragraph 7
  221. 8Paragraph 8
  222. 9Paragraph 9 Repealed
  223. 10Paragraph 10
  224. 11Paragraph 11
  225. 12Paragraph 12
  226. 13Paragraph 13
  227. 14Paragraph 14
  228. 15Paragraph 15
  229. 16Paragraph 16
  230. 17Paragraph 17
  231. Part 2: Information for active and deferred members
  232. 18Paragraph 18
  233. Part 3: Information for deferred and pension credit members
  234. 19Paragraph 19
  235. 20Paragraph 20
  236. 21Paragraph 21
  237. Part 4: Information for active members
  238. 22Paragraph 22 Repealed
  239. 23Paragraph 23
  240. 24Paragraph 24
  241. 25Paragraph 25
  242. 26Paragraph 26
  243. 27Paragraph 27
  244. 28Paragraph 28
  245. Part 5: Information for deferred members
  246. 29Paragraph 29
  247. 30Paragraph 30
  248. Schedule 7: Information to be given by schemes that relates to accessing benefits and to benefit adjustments
  249. Part 1: Information to be given to persons having an opportunity to select an annuity
  250. 1Paragraph 1
  251. 2Paragraph 2
  252. 3Paragraph 3
  253. 4Paragraph 4
  254. 5Paragraph 5
  255. Part 2: Information on accessing benefits for members and survivors
  256. 6Paragraph 6
  257. 6AParagraph 6A
  258. 7Paragraph 7
  259. 8Paragraph 8
  260. 9Paragraph 9
  261. 10Paragraph 10
  262. Part 3: Information to be given to members having an opportunity to transfer flexible benefits
  263. 11Paragraph 11
  264. 12Paragraph 12
  265. 13Paragraph 13
  266. 14Paragraph 14
  267. Part 4: Information to be given by collective money purchase schemes about benefit adjustments
  268. 15Paragraph 15
  269. 16Paragraph 16
  270. 17Paragraph 17
  271. 18Paragraph 18
  272. 19Paragraph 19
  273. 20Paragraph 20 Repealed
  274. 21Paragraph 21
  275. 22Paragraph 22
  276. 23Paragraph 23
  277. 24Paragraph 24
  278. 25Paragraph 25
  279. 26Paragraph 26
  280. 27Paragraph 27
  281. Schedule 8: Information to be given by schemes about winding up
  282. Part 1: Information to be given by occupational pension schemes during winding up
  283. 1Paragraph 1
  284. 2Paragraph 2
  285. 3Paragraph 3
  286. 4Paragraph 4
  287. 5Paragraph 5
  288. 6Paragraph 6
  289. 7Paragraph 7
  290. Part 2: Information to be given by occupational pension schemes after winding up
  291. 8Paragraph 8
  292. 9Paragraph 9
  293. 10Paragraph 10
  294. Part 3: Information to be given by personal pension schemes after winding up
  295. 11Paragraph 11
  296. 12Paragraph 12
  297. 13Paragraph 13
  298. 14Paragraph 14
  299. Part 4: Report under Article 72A of the 1995 Order
  300. 15Paragraph 15
  301. Part 5: Information on expected benefits
  302. 16Paragraph 16
  303. Schedule 9: Consequential amendments
  304. 1Paragraph 1
  305. 2Paragraph 2
  306. 3Paragraph 3
  307. 4Paragraph 4
  308. 5Paragraph 5
  309. 6Paragraph 6
  310. 7Paragraph 7
  311. 8Paragraph 8
  312. 9Paragraph 9
  313. 10Paragraph 10
  314. 11Paragraph 11
  315. 12Paragraph 12
  316. 13Paragraph 13
  317. 14Paragraph 14
  318. 15Paragraph 15
  319. 16Paragraph 16
  320. Schedule 9A: Information to be given on the pensions guidance and members’ benefits
  321. Part 1: Information on the pensions guidance
  322. 1Paragraph 1
  323. 2Paragraph 2
  324. 3Paragraph 3
  325. 4Paragraph 4
  326. 5Paragraph 5
  327. Part 2: Information on members’ benefits
  328. 6Paragraph 6
  329. 7Paragraph 7
  330. 8Paragraph 8
  331. 9Paragraph 9
  332. 10Paragraph 10
  333. 11Paragraph 11
  334. Part 3: Further information
  335. 12Paragraph 12
  336. 13Paragraph 13
  337. Schedule 9B: Statements to be published by collective money purchase schemes
  338. Part 1: Scheme design statement
  339. 1Paragraph 1
  340. 1AParagraph 1A
  341. 2Paragraph 2
  342. 3Paragraph 3
  343. 4Paragraph 4
  344. 5Paragraph 5
  345. Part 2: Valuation and benefit adjustment statement
  346. 6Paragraph 6
  347. 7Paragraph 7
  348. 8Paragraph 8
  349. 9Paragraph 9
  350. 10Paragraph 10
  351. 11Paragraph 11
  352. 12Paragraph 12
  353. 13Paragraph 13 Repealed
  354. Schedule 10Consequential revocations
  355. Explanatory note