Paragraph 4 F1
Where information is made available under this Schedule to a member of a collective money purchase scheme, the information to be made available to such a member also includes—
a statement that the Money and Pensions Service provides information about transfers that may assist the member in deciding whether to transfer;
an explanation of any potential adverse consequences for the member of transferring before normal pension age;
an explanation of the trustees’ duties under section 99A of the 1993 Act (trustees’ further duties: collective money purchase benefits);
an explanation that the member will not be able to transfer in the event of the scheme pursuing continuity option 1 within the meaning of sections 34 and 36 of the Pension Schemes Act 2021.
Annotations
Textual amendments
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)