# Pension Schemes Act 2021, Paragraph 2: Transparency


(1) Whether promotion or marketing of the scheme clearly and accurately explains, in accordance with any provision set out in a Code—
(a) how the rate or amount of benefits provided to members under the scheme is determined, including supporting illustrations of what individual members might receive;
(b) that performance of investments can fluctuate;
(c) that the expected value of the rights to benefits is not guaranteed;
(d) that the rate or amount of benefits provided to members under the scheme can fluctuate;
(e) what would happen if the scheme becomes unable to continue to operate;
(f) such other matters as may be set out in a Code.
(2) Whether promotion or marketing of the scheme provides—
(a) access to the summary, published most recently in relation to the scheme at the time of the promotion or marketing, in accordance with regulation 29B(2)(a) of, and paragraph 1A of Schedule 11 to, the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (scheme design statement), or
(b) where such a summary has not been published at the time of the promotion or marketing, information about where the summary will be published and the expected date of publication.

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Source: https://www.legislation.gov.uk/ukpga/2021/1/schedule/1C/paragraph/2 (the official version)
Page: https://openlegislation.uk/pension-schemes-act-2021/schedule-1C/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.