Regulation 22 Amendment of Schedule 1 to the Personal Pension Schemes Disclosure Regulations

In Schedule 1 to the Personal Pension Schemes Disclosure Regulations (basic information about the scheme)—

(a)

in paragraph 9—

(i)

after the words “Illustrative estimates of the cash equivalents” there shall be inserted the words “, clearly labelled as such and stating the period for which they will be honoured by the scheme,”;

(ii)

after the words “stating the assumptions made” there shall be inserted the words “and whether the same basis of calculation has been used for all members of the scheme,”;

(b)

after paragraph 13 there shall be added the following paragraphs—

“14.A

statement that the Pensions Ombudsman appointed under section 59B(2) of the Social Security Pensions Act 1975^f1 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.

15

A statement that the Occupational Pensions Advisory Service Limited^f2 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.”.

Annotations

Footnotes

f1: 1975 c. 60 section 59B was inserted by Schedule 3 to the Social Security Act 1990 (c. 27).
f2: A company limited by guarantee under the Companies Act 1985 (c. 6): registered number 2459671. Amendment of Schedule 3 to the Occupational Pension Schemes Disclosure Regulations