Paragraph 3 F1

England, Wales and Scotland

Where information is made available under paragraph 1 or 2 to a member of a salary related scheme, the information to be made available to such a member also includes—

(a)

a statement that F2the Financial Conduct Authority, the Regulatory Authority and the F3Money and Pensions Service provide information about transfers that may assist the member in deciding whether to transfer;

(b)

if the scheme is an eligible scheme as defined in section 126 of the 2004 Act (eligible schemes), confirmation that the scheme is so eligible and that the Board of the Pension Protection Fund exists;

(c)

F4except where section 48 of the Pension Schemes Act 2015 applies, a recommendation that the member should take financial advice before making decisions about transfers.

Annotations

Textual amendments

F1: Sch. 1 para. 3 inserted (E.W.S.) (1.10.2008) by Occupational Pension Schemes (Transfer Values) (Amendment) Regulations 2008 (S.I. 2008/1050), regs. 1(1), 7(b)
F2: Words in Sch. 1 para. 3 substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), arts. 1(1), 3, Sch. 2 para. 14
F3: Words in Sch. 1 para. 3(a) substituted (6.4.2019) by The Financial Guidance and Claims Act 2018 (Naming and Consequential Amendments) Regulations 2019 (S.I. 2019/383), reg. 1(1), Sch. para. 15
F4: Words in Sch. 1 para. 3(c) 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(4) (with reg. 11)

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)