Regulation 2 Amendment of the Personal Pension Schemes (Disclosure of Information) Regulations 1987

(1)

The Personal Pension Schemes (Disclosure of Information) Regulations 1987^f1 shall be amended in accordance with this regulation.

(2)

In regulation 1 (citation, commencement and interpretation), in paragraph (2)—

(a)

in the definition of “member”, after “scheme” insert “and includes a pension credit member”;

(b)

after the definition of “member” insert the following definition—

““pension credit member” has the meaning given by section 124(1) of the Pensions Act 1995^f2;”;

(c)

after the definition of “pensionable age” insert the following definition—

““safeguarded rights” means those rights referred to in section 68A of the Act^f3;”.

(3)

In regulation 5 (information to be made available to individuals)—

(a)

in paragraph (3) after “rights” insert “or no safeguarded rights”;

(b)

in paragraph (4)—

(i)

after “rights” where that word first appears, insert “or safeguarded rights”;

(ii)

in sub-paragraph (b) after “rights” insert “or safeguarded rights”.

(4)

In Schedule 1 (basic information about the scheme)—

(a)

in paragraph 12 after “rights” insert “or safeguarded rights”;

(b)

in paragraph 13 after “rights” insert “or safeguarded rights”.

(5)

In Schedule 2 (information to be made available to individuals)—

(a)

in paragraph 4 after “rights” where that word last appears insert “or safeguarded rights”;

(b)

in paragraph 11 after “rights” insert “or safeguarded rights”.

Annotations

f1: S.I. 1987/1110; relevant amending instruments are S.I. 1988/474, 1992/1531 and 1996/776.
f2: The definition of “pension credit member” is inserted by paragraph 61(3) of Schedule 12 to the Welfare Reform and Pensions Act 1999.
f3: Section 68A is inserted by section 36 of the Welfare Reform and Pensions Act 1999.