Paragraph 2
England, Wales and Scotland
Whether any transfer value (not being a 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 the member’s pensionable service were to terminate and if so—
an estimate of its amount, calculated on the basis that the member’s pensionable service terminated or will terminate on a particular date;
the accrued rights to which it relates;
whether any part of the estimated amount of the transfer value is attributable to additional benefits—
which have been awarded at the discretion of the trustees, or
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; and
if the estimated amount of the transfer value F2in relation to the member’s rights to benefits other than money purchase benefits has been reduced to an amount which is less than it otherwise would be because of an actuary’s opinion that the scheme’s assets are insufficient to meet its liabilities in full—
a statement of that fact and an explanation,
an estimate of the date (if any) by which it will be possible to make available a transfer value the amount of which is not so reduced, and
a statement of the member’s rights to obtain further estimates.
Annotations
Textual amendments
- F1
Words in Sch. 1 para. 2 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(3)(a)
- F2
Words in Sch. 1 para. 2(d) inserted (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(3)(b)
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)