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The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013

S.I. 2013/2734 · Made 24 October 2013 · Extends to England, Wales and Scotland

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

Pensions

Made 24th October 2013

Laid before Parliament 31st October 2013

Coming into force 6th April 2014

The Secretary of State for Work and Pensions makes the following Regulations in exercise of the powers conferred by sections 113, 168(4), 181(1), 182(2) and (3) and 183(1) of the Pension Schemes Act 1993 M1, sections 10(3), 41(1), (5), (5A) and (6), 124(1) and 174(2) and (3) of the Pensions Act 1995 M2 and sections 1(1)(b), 8(1) and 83(4) to (6) of the Welfare Reform and Pensions Act 1999 M3.

In accordance with section 185(1) of the Pension Schemes Act 1993 M4 and section 120(1) of the Pensions Act 1995, the Secretary of State has consulted with such persons as the Secretary of State considers appropriate.

Annotations to the whole text

Marginal citations

M1

1993 c.48. Section 113 was amended by the Employment Rights (Dispute Resolution) Act 1998 (c.8), section 1(2)(a); the Child Support, Pensions and Social Security Act 2000 (c.19), section 52; the 2004 Act, section 319(1) and Schedule 12, paragraphs 9 and 17; the Pensions Act 2007 (c.22), section 17 and Schedule 5, paragraph 6 and S.I. 2005/2053. Section 168 was substituted by the 1995 Act, section 155(1) and subsection (4) was amended by the 2004 Act, section 319(1) and Schedule 12, paragraphs 9 and 27. Section 181(1) is cited for the meaning given to “prescribe” and “regulations”. In section 181(1), the relevant amending provisions are the 1995 Act, sections 151 and 171 and Schedule 5, paragraph 77(a)(i); the Employment Tribunals Act 1996 (c.17), section 43 and Schedule 1, paragraph 11; the Employment Rights (Dispute Resolution) Act 1998, section 1(2)(a) and (c); the 1999 Act, section 84(1) and Schedule 12, paragraphs 28 and 41(a); the 2004 Act, section 319(1) and Schedule 12, paragraph 31; the Pensions Act 2007, section 15(3)(a) and Schedule 4, paragraph 34(1) and (2)(a); the Pensions Act 2011 (c.19), section 29(1) (with effect from a day to be appointed) and S.I. 2005/2053. Section 183(1) was amended by the 1995 Act, sections 151, 173, 177, Schedule 5, paragraph 79 and Schedule 6, paragraph 15(a).

M2

1995 c.26. Section 41 was amended by the Employment Rights (Dispute Resolution) Act 1998, section 1(2)(a); the Child Support, Pensions and Social Security Act 2000, section 56 and Schedule 5, paragraph 12(1); the 2004 Act, sections 319(1) and 320, Schedule 12, paragraphs 34 and 52(a) and (b) and Schedule 13, Part 1 and S.I. 2005/2053. Section 124(1) is cited for the meaning given to “prescribed” and “regulations”.

M3

1999 c.30. Section 1(1) was amended by the 2004 Act, section 285(1) and (2) and the Pensions Act 2007, section 15(3)(a). Section 8(1) is cited for the meaning given to “prescribed”.

M4

Section 185(1) was amended by the 1995 Act, sections 122, 151 and 177 and Schedule 3, paragraph 46, Schedule 5, paragraph 80(a), (d) and (f) and Schedule 7, Part 1.

Contents

  1. Part 1: General
  2. 1Citation, commencement, expiry, revocations and amendments
  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 99 and 101J 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. Signature
  55. Schedule 1: Description of schemes
  56. 1Paragraph 1
  57. 2Paragraph 2
  58. Schedule 2: Basic information
  59. Part 1: Information to be given by occupational pension schemes that fall within paragraph 1 of Schedule 1
  60. 1Paragraph 1
  61. 2Paragraph 2
  62. 3Paragraph 3
  63. 4Paragraph 4
  64. 4AParagraph 4A
  65. 4BParagraph 4B
  66. 4CParagraph 4C
  67. 5Paragraph 5
  68. 6Paragraph 6
  69. 7Paragraph 7
  70. 8Paragraph 8
  71. 9Paragraph 9
  72. 10Paragraph 10
  73. 11Paragraph 11
  74. 12Paragraph 12 Repealed
  75. 13Paragraph 13
  76. 14Paragraph 14
  77. 15Paragraph 15
  78. 16Paragraph 16
  79. 16AParagraph 16A
  80. 17Paragraph 17
  81. 18Paragraph 18
  82. 18AParagraph 18A
  83. 18BParagraph 18B
  84. 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
  85. 19Paragraph 19
  86. 20Paragraph 20
  87. 21Paragraph 21
  88. 22Paragraph 22
  89. 22AParagraph 22A
  90. 22BParagraph 22B
  91. 22CParagraph 22C
  92. 23Paragraph 23
  93. 24Paragraph 24
  94. 25Paragraph 25
  95. 26Paragraph 26
  96. 27Paragraph 27
  97. 28Paragraph 28
  98. 28AParagraph 28A
  99. Part 3: Lifestyling
  100. 29Paragraph 29
  101. Part 4: Scheme closure: collective money purchase schemes
  102. 30Paragraph 30
  103. 31Paragraph 31
  104. 32Paragraph 32
  105. 33Paragraph 33
  106. 34Paragraph 34
  107. 35Paragraph 35
  108. 36Paragraph 36
  109. 37Paragraph 37
  110. Schedule 3: Information to be given on request
  111. Part 1: Information on the constitution of the scheme
  112. 1Paragraph 1
  113. 2Paragraph 2
  114. 3Paragraph 3
  115. 4Paragraph 4
  116. Part 2: Information in the annual report etc.
  117. 5Paragraph 5
  118. 6Paragraph 6
  119. 7Paragraph 7
  120. Part 3: Information on funding principles and actuarial valuations etc.
  121. 8Paragraph 8
  122. 9Paragraph 9
  123. 10Paragraph 10
  124. 10AParagraph 10A
  125. 11Paragraph 11
  126. 12Paragraph 12
  127. 13Paragraph 13
  128. 14Paragraph 14
  129. Part 4: Information on transfer credits
  130. 15Paragraph 15
  131. 16Paragraph 16
  132. Part 5: Information that applies to the scheme
  133. 17Paragraph 17
  134. 18Paragraph 18
  135. 19Paragraph 19
  136. 20Paragraph 20
  137. 21Paragraph 21
  138. 22Paragraph 22
  139. 23Paragraph 23
  140. 24Paragraph 24
  141. 25Paragraph 25
  142. 26Paragraph 26
  143. 27Paragraph 27
  144. 28Paragraph 28
  145. 29Paragraph 29
  146. 30Paragraph 30
  147. 31Paragraph 31
  148. 32Paragraph 32
  149. 33Paragraph 33
  150. 34Paragraph 34
  151. 34AParagraph 34A
  152. Part 6: INFORMATION TO BE GIVEN ABOUT POOLED FUNDS
  153. 35Paragraph 35
  154. Schedule 4: Summary funding statements
  155. 1Paragraph 1
  156. 2Paragraph 2
  157. 3Paragraph 3
  158. 4Paragraph 4
  159. 5Paragraph 5
  160. 6Paragraph 6
  161. 7Paragraph 7
  162. 8Paragraph 8
  163. 9Paragraph 9
  164. 10Paragraph 10
  165. Schedule 5: Statements of benefits: non money purchase benefits
  166. Part 1: Information for active members
  167. 1Paragraph 1
  168. 2Paragraph 2
  169. 3Paragraph 3
  170. Part 2: Information for active and deferred members
  171. 4Paragraph 4
  172. 5Paragraph 5
  173. 6Paragraph 6
  174. 6AParagraph 6A
  175. Part 3: Information for deferred members
  176. 7Paragraph 7
  177. 8Paragraph 8
  178. 9Paragraph 9
  179. Part 4: Information for pension credit members
  180. 10Paragraph 10
  181. 11Paragraph 11
  182. 12Paragraph 12
  183. Schedule 6: Statements of benefits: money purchase benefits and cash balance benefits
  184. Part 1: Information for all money purchase members
  185. 1Paragraph 1
  186. 2Paragraph 2
  187. 3Paragraph 3
  188. 4Paragraph 4
  189. 5Paragraph 5
  190. 5AParagraph 5A
  191. 5BParagraph 5B
  192. 5CParagraph 5C
  193. Part 2: Pension illustration
  194. 6Paragraph 6
  195. 6AParagraph 6A
  196. 7Paragraph 7
  197. 8Paragraph 8
  198. 9Paragraph 9
  199. 10Paragraph 10
  200. 11Paragraph 11
  201. 12Paragraph 12
  202. 13Paragraph 13
  203. 14Paragraph 14
  204. Part 3: Further information to be given on pension illustration
  205. 15Paragraph 15
  206. 16Paragraph 16
  207. 16AParagraph 16A
  208. 17Paragraph 17
  209. Schedule 6A: Statements of Benefits: Collective Money Purchase Benefits
  210. Part 1: Information for active, deferred and pension credit members
  211. 1Paragraph 1
  212. 2Paragraph 2
  213. 3Paragraph 3
  214. 4Paragraph 4
  215. 5Paragraph 5 Repealed
  216. 6Paragraph 6 Repealed
  217. 7Paragraph 7
  218. 8Paragraph 8
  219. 9Paragraph 9 Repealed
  220. 10Paragraph 10
  221. 11Paragraph 11
  222. 12Paragraph 12
  223. 13Paragraph 13
  224. 14Paragraph 14
  225. 15Paragraph 15
  226. 16Paragraph 16
  227. 17Paragraph 17
  228. Part 2: Information for active and deferred members
  229. 18Paragraph 18
  230. Part 3: Information for deferred and pension credit members
  231. 19Paragraph 19
  232. 20Paragraph 20
  233. 21Paragraph 21
  234. Part 4: Information for active members
  235. 22Paragraph 22 Repealed
  236. 23Paragraph 23
  237. 24Paragraph 24
  238. 25Paragraph 25
  239. 26Paragraph 26
  240. 27Paragraph 27
  241. 28Paragraph 28
  242. Part 5: Information for deferred members
  243. 29Paragraph 29
  244. 30Paragraph 30
  245. Schedule 7: Information to be given by schemes that relates to accessing benefits and to benefit adjustments
  246. Part 1: Information to be given to persons having an opportunity to select an annuity
  247. 1Paragraph 1
  248. 2Paragraph 2
  249. 3Paragraph 3
  250. 4Paragraph 4
  251. 5Paragraph 5
  252. Part 2: Information on accessing benefits for members and survivors
  253. 6Paragraph 6
  254. 6AParagraph 6A
  255. 7Paragraph 7
  256. 8Paragraph 8
  257. 9Paragraph 9
  258. 10Paragraph 10
  259. Part 3: Information to be Given to Members Having an Opportunity to Transfer Flexible Benefits
  260. 11Paragraph 11
  261. 12Paragraph 12
  262. 13Paragraph 13
  263. 14Paragraph 14
  264. Part 4: Information to be given by collective money purchase schemes about benefit adjustments
  265. 15Paragraph 15
  266. 16Paragraph 16
  267. 17Paragraph 17
  268. 18Paragraph 18
  269. 19Paragraph 19
  270. 20Paragraph 20 Repealed
  271. 21Paragraph 21
  272. 22Paragraph 22
  273. 23Paragraph 23
  274. 24Paragraph 24
  275. 25Paragraph 25
  276. 26Paragraph 26
  277. 27Paragraph 27
  278. Schedule 8: Information to be given by schemes about winding up
  279. Part 1: Information to be given by occupational pension schemes during winding up
  280. 1Paragraph 1
  281. 2Paragraph 2
  282. 3Paragraph 3
  283. 4Paragraph 4
  284. 5Paragraph 5
  285. 6Paragraph 6
  286. 7Paragraph 7
  287. Part 2: Information to be given by occupational pension schemes after winding up
  288. 8Paragraph 8
  289. 9Paragraph 9
  290. 10Paragraph 10
  291. Part 3: Information to be given by personal pension schemes after winding up
  292. 11Paragraph 11
  293. 12Paragraph 12
  294. 13Paragraph 13
  295. 14Paragraph 14
  296. Part 4: Report under section 72A of the 1995 Act
  297. 15Paragraph 15
  298. Part 5: Information on expected benefits
  299. 16Paragraph 16
  300. Schedule 9: Amendments to Regulations
  301. 1The Occupational Pension Schemes (Preservation of Benefit) Regulations 1991
  302. 2The Occupational Pension Schemes (Contracting-out) Regulations 1996
  303. 3The Occupational Pension Schemes (Transfer Values) Regulations 1996
  304. 4The Occupational Pension Schemes (Requirement to obtain Audited Accounts and a Statement from the Auditor) Regulations 1996
  305. 5The Occupational Pension Schemes (Winding Up) Regulations 1996
  306. 6The Occupational Pension Schemes (Discharge of Liability) Regulations 1997
  307. 7The Pensions on Divorce etc. (Provision of Information) Regulations 2000
  308. 8The Pension Sharing (Pension Credit Benefit) Regulations 2000
  309. 9The Stakeholder Pension Schemes Regulations 2000
  310. 10The Personal Pension Schemes (Payments by Employers) Regulations 2000
  311. 11The Occupational Pension Schemes (Winding Up Notices and Reports etc.) Regulations 2002
  312. 12The Occupational Pension Schemes (Independent Trustee) Regulations 2005
  313. 13The Occupational Pension Schemes (Winding up etc.) Regulations 2005
  314. 14The Occupational Pension Schemes (Scheme Funding) Regulations 2005
  315. 15The Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006
  316. 16The Occupational Pension Schemes (Payments to Employer) Regulations 2006
  317. 17The Application of Pension Legislation to the National Employment Savings Trust Corporation Regulations 2011
  318. 18The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011
  319. Schedule 10: INFORMATION TO BE GIVEN ON THE PENSIONS GUIDANCE AND MEMBERS’ BENEFITS
  320. Part 1: Information on the Pensions Guidance
  321. 1Paragraph 1
  322. 2Paragraph 2
  323. 3Paragraph 3
  324. 4Paragraph 4
  325. 5Paragraph 5
  326. Part 2: Information on Members’ Benefits
  327. 6Paragraph 6
  328. 7Paragraph 7
  329. 8Paragraph 8
  330. 9Paragraph 9
  331. 10Paragraph 10
  332. 11Paragraph 11
  333. Part 3: Further information
  334. 12Paragraph 12
  335. 13Paragraph 13
  336. Schedule 11: Statements to Be Published by Collective Money Purchase Schemes
  337. Part 1: Scheme design statement
  338. 1Paragraph 1
  339. 1AParagraph 1A
  340. 2Paragraph 2
  341. 3Paragraph 3
  342. 4Paragraph 4
  343. 5Paragraph 5
  344. Part 2: Valuation and benefit adjustment statement
  345. 6Paragraph 6
  346. 7Paragraph 7
  347. 8Paragraph 8
  348. 9Paragraph 9
  349. 10Paragraph 10
  350. 11Paragraph 11
  351. 12Paragraph 12
  352. 13Paragraph 13 Repealed
  353. Explanatory note