Regulation 26 Amendment of the Personal Pension Schemes (Disclosure of Information) RegulationsI1

in paragraph (1) for “regulation 2” there shall be substituted “regulations 2 and 2A”, and

after paragraph (7) there shall be inserted the following paragraph—

“(7A)

Where a stakeholder pension scheme within the meaning of Article 3 of the Welfare Reform and Pensions (Northern Ireland) Order 1999 is removed from the register of such schemes kept under Article 4 of that Order the trustees shall—

(a)

within 2 weeks of being notified of the removal from the register inform each member of the scheme except an excluded person that the scheme has been removed from the register of stakeholder pension schemes and is no longer a stakeholder pension scheme and that it is required to commence winding up under the scheme rules;

(b)

as soon as practicable and in any event not more than 4 months after such removal provide each member of the scheme except an excluded person with the information mentioned in paragraphs 1, 2 and 7 of Schedule 2, and

(c)

where the scheme is unable to meet in full its liabilities to its members, as soon as is practicable and in any event not more than 4 months after such removal provide each member except an excluded person with the information mentioned in paragraph 8 of Schedule 2.”.