Paragraph 1 F1
England, Wales and Scotland
The information which is to be provided under regulation 18A(1) is, subject to paragraph 4—
the value of the member’s rights under the scheme on the day before the first day of the statement year, being an amount which is not less than the cash equivalent of those rights on that date, as calculated and verified in a manner consistent with regulations made under section 97 of the 1993 Act (calculation of cash equivalents);
the value of the member’s rights—
on the last day of the statement year, being an amount which is not less than the cash equivalent of those rights on that day; or
where the member ceases during the statement year to be a member, at the time immediately prior to the time at which the member so ceases, being an amount which is not less than the cash equivalent of those rights at the time immediately prior to the time at which the member so ceases,
as calculated and verified in a manner consistent with regulations made under section 97 of the 1993 Act;
in relation to any reduction under any of paragraphs (2) to (4) of regulation 14—
the rate, expressed as an annual percentage rate, at which, and the period in relation to which, deductions giving rise to that reduction were made; or
where such deductions were made in relation to different periods at different rates—
each rate, expressed as an annual percentage rate, at which those deductions were made; and
the period in relation to which they were made at that rate; and
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Annotations
Textual amendments
- F1
Sch. 3 inserted (1.12.2010) by The Occupational, Personal and Stakeholder Pension Schemes (Disclosure of Information) (Amendment) Regulations 2010 (S.I. 2010/2659), regs. 1(2), 4(7), Sch.
- F2
Sch. 3 para. 1(d) omitted by SI 2011/1245 reg. 20(4)(a) (as substituted) (6.4.2014) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 18(3)