Paragraph 1

England, Wales and Scotland

Whether any cash equivalent (within the meaning of F1Chapter 1 of Part 4ZA of the 1993 Act) is available to the member or would be so available if F2the conditions specified in section 93(2) to (4) of the 1993 Act were met and if so—

F3(a)

an estimate of its amount, calculated and verified in accordance with regulations 7 to 7E on the basis that F4the conditions specified in section 93(2) to (4) of the 1993 Act are met or were to be met on a particular date;

(b)

the accrued rights to which it relates;

(c)

whether any part of the estimated amount of the cash equivalent is attributable to additional benefits—

(i)

which have been awarded at the discretion of the trustees, or

(ii)

which will be awarded at their discretion if their established custom continues unaltered

and in either case whether that part is attributable to the whole or only to part of those benefits; F5and

F6(d)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(e)

if the estimated amount of the cash equivalent F7included a reduction of the initial cash equivalent under Schedule 1A—

F8(i)

a statement of that fact, a statement of the amount by which the initial cash equivalent has been reduced and an explanation of the reason for the reduction, which must refer to the paragraph of Schedule 1A relied upon,

(ii)

an estimate of the date (if any) by which it will be possible to make available a cash equivalent which is not so reduced, and

(iii)

a statement of the member’s rights to obtain further estimates.

Annotations

Textual amendments

F1: Words in Sch. 1 para. 1 substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Transfer Values) (Amendment and Revocation) Regulations 2015 (S.I. 2015/498), regs. 1(2), 9(2)(a)
F2: Words in Sch. 1 para. 1 substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Transfer Values) (Amendment and Revocation) Regulations 2015 (S.I. 2015/498), regs. 1(2), 9(2)(b)
F3: Sch. 1 para. 1(a) substituted (1.10.2008) by Occupational Pension Schemes (Transfer Values) (Amendment) Regulations 2008 (S.I. 2008/1050), regs. 1(1), 7(a)(i)
F4: Words in Sch. 1 para. 1(a) substituted (6.4.2015) by The Occupational and Personal Pension Schemes (Transfer Values) (Amendment and Revocation) Regulations 2015 (S.I. 2015/498), regs. 1(2), 9(2)(c)
F5: Word in Sch. 1 para. 1(c) inserted (E.W.S.) (1.10.2008) by Occupational Pension Schemes (Transfer Values) (Amendment) Regulations 2008 (S.I. 2008/1050), regs. 1(1), 7(a)(ii)
F6: Sch. 1 para. 1(d) omitted (E.W.S.) (1.10.2008) by virtue of Occupational Pension Schemes (Transfer Values) (Amendment) Regulations 2008 (S.I. 2008/1050), regs. 1(1), 7(a)(iii)
F7: Words in Sch. 1 para. 1(e) substituted (E.W.S.) (1.10.2008) by Occupational Pension Schemes (Transfer Values) (Amendment) Regulations 2008 (S.I. 2008/1050), regs. 1(1), 7(a)(aa), 7(a)(iv)
F8: Sch. 1 para. 1(e)(i) substituted (1.10.2008) by Occupational Pension Schemes (Transfer Values) (Amendment) Regulations 2008 (S.I. 2008/1050), regs. 1(1), 7(a)(bb), 7(a)(iv)

Notes on Schedule 1

Modifications

C1: Sch. 1 applied (with application in accordance with art. 1(2) of the commencing S.I.) by The Divorce etc. (Pensions) Regulations 2000 (S.I. 2000/1123), art. 3(1)(b)(2)(b)reg. 1(1)