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Regulation 13 Personal pension schemes—notifications to the Secretary of State

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Within 5 weeks after effect has been given to the protected rights of a member of a personal pension scheme, the trustees or managers of that scheme shall notify the Secretary of State in writing that effect has been given to those rights, giving such particulars as the Secretary of State may reasonably require to enable him—

(a)

to identify the means by which effect has been given to them;

(b)

where effect has been given to them by means of a pension, annuity or lump sum, to identify the recipient of it;

(c)

where effect has been given to them by means of an annuity, to identify the insurance company responsible for paying the annuity; and

(d)

where effect has been given to them by means of a transfer payment, to identify the personal or occupational pension scheme to which the transfer payment was made.

(2)

The trustees or managers of a personal pension scheme which is or has been an appropriate scheme shall, if required to do so by the Secretary of State, in such manner and at such times as he may reasonably require, furnish to him such information relating to members of the scheme as he may reasonably require in order to know for what, if any, protected rights the scheme is responsible, and from what minimum contributions, minimum payments or transfer payments they derive.