{
  "url": "https://openlegislation.uk/occupational-pension-schemes-disclosure-of-information-regulations-1996/schedule-2/paragraph-7",
  "json_url": "https://openlegislation.uk/occupational-pension-schemes-disclosure-of-information-regulations-1996/schedule-2/paragraph-7.json",
  "legislation": "uksi/1996/1655",
  "legislation_title": "The Occupational Pension Schemes (Disclosure of Information) Regulations 1996",
  "legislation_url": "https://openlegislation.uk/occupational-pension-schemes-disclosure-of-information-regulations-1996",
  "path": "schedule/2/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": null,
  "text": "(1) The options available to the member within the scheme rules.\n(2) Sub-paragraph (3) applies in relation to a member who, under an option within sub-paragraph (1), has an opportunity to select an annuity.\n(3) The information to be provided under sub-paragraph (1) must include—\n(a) a statement that the member may select the annuity (including, where the member has an opportunity to select the provider, a statement to that effect);\n(b) a statement that different annuities have different features and different rates of payment;\n(c) a statement that these include, by way of example—\n(i) annuities that provide payments that do not vary from year to year and annuities that provide payments that increase from year to year;\n(ii) annuities that cover a single life and annuities that make provision for a spouse or partner;\n(iii) annuities that may be with or without guarantee on the early death of the member;\n(d) general information explaining characteristic features of the types of annuities outlined in the examples in paragraph (c);\n(e) a statement that the member should consider taking advice as to which annuity is most suitable for him.\n(4) The provision of approved information shall be taken to satisfy the requirements of sub-paragraph (3)(d).\n(5) “Approved information” means information contained in guidance material published for the purposes of sub-paragraph (3)(d) which—\n(a) is prepared, and from time to time revised, by the Regulatory Authority; and\n(b) is for the time being approved by the Secretary of State.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 2 para. 7 substituted (6.4.2005) by Personal and Occupational Pension Schemes (Indexation and Disclosure of Information) (Miscellaneous Amendments) Regulations 2005 (S.I. 2005/704), regs. 1(2), 18"
    }
  ],
  "outstanding_effects": [
    {
      "type": "amended",
      "affecting": "uksi/2000/2691",
      "affecting_title": "The Pension Sharing (Consequential and Miscellaneous Amendments) Regulations 2000"
    },
    {
      "type": "added",
      "affecting": "uksi/2000/2691",
      "affecting_title": "The Pension Sharing (Consequential and Miscellaneous Amendments) Regulations 2000"
    },
    {
      "type": "added",
      "affecting": "uksi/2000/2691",
      "affecting_title": "The Pension Sharing (Consequential and Miscellaneous Amendments) Regulations 2000"
    },
    {
      "type": "amended",
      "affecting": "uksi/2000/2691",
      "affecting_title": "The Pension Sharing (Consequential and Miscellaneous Amendments) Regulations 2000"
    },
    {
      "type": "amended",
      "affecting": "uksi/2000/2691",
      "affecting_title": "The Pension Sharing (Consequential and Miscellaneous Amendments) Regulations 2000"
    },
    {
      "type": "amended",
      "affecting": "uksi/2000/2691",
      "affecting_title": "The Pension Sharing (Consequential and Miscellaneous Amendments) Regulations 2000"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/1655/schedule/2/paragraph/7",
    "retrieved_at": "2026-10-29T12:40:31.841882+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}