Regulation 13 Amendment of Schedule 1 to the Occupational Pension Schemes Disclosure Regulations

for paragraph 2 there shall be substituted the following paragraph—

“2

Whether persons who are eligible to be members of the scheme are admitted to it—

(a)

only on their own application; or

(b)

automatically unless the person in question makes an election not to be admitted.”;

at the end of paragraph 15 there shall be added the words “and details of the information specified in paragraph 7 of Schedule 5 as to how that power has been exercised over the last 10 years or since the scheme commenced if within the last 10 years.”;

after paragraph 16 there shall be inserted the following paragraphs—

“16A

Whether, and the circumstances in which, the trustees will accept cash equivalents and provide transfer credits within the meaning of Part II of Schedule 1A^f1 (transfer values) and whether such acceptance is subject to the discretion of the trustees.

16B

Whether the trustees have directed under regulation 4(1) of the Occupational Pension Schemes (Transfer Values) Regulations 1985^f2 (increases and reductions of cash equivalents) that any cash equivalent shall not be increased to take into account any such additional benefits as might accrue to the member in question resulting from the exercise of any discretion vested in the trustees or the employer.”;

after paragraph 17 there shall be added the following paragraphs—

“18

Whether information about the scheme (including information as to an address at which the trustees of the scheme in question may be contacted) has been given to the registrar of occupational and personal pension schemes appointed by regulation 2 of the Register of Occupational and Personal Pension Schemes Regulations 1990^f3 in accordance with those Regulations.

19

A statement that the Pensions Ombudsman appointed under section 59B(2) of the Act^f4 may investigate and determine any complaint or dispute of fact or law in relation to an occupational pension scheme made or referred in accordance with that Act and the address at which he may be contacted.

20

A statement that the Occupational Pensions Advisory Service Limited^f5 is available to assist members and beneficiaries of the scheme in connection with difficulties which they have failed to resolve with the trustees or administrators of the scheme and the address at which it may be contacted.”.