S.I. 531 of 2008


Print page

S.I. No. 531 of 2008.

PENSIONS ACT 1990 (DISCLOSURE OF INFORMATION) (AMENDMENT) REGULATIONS 2008

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

This Regulation amends the Occupational Pension Schemes (Disclosure of Information) Regulations 2006 (S.I. No. 301 of 2006) and the Trust RACs (Disclosure of Information) Regulations 2007 (S.I. No. 182 of 2007).

The following amendments have been made to S.I. No. 301 of 2006:-

Article 12(6) is amended to provide that the statement of reasonable projection - DC should be prepared in accordance with paragraph 25(b) of Schedule D Part II of this Regulation.

The entry into force of the requirement to provide a statement of reasonable projection has been deferred to 1 July 2009.

A new article 16(3A) is inserted which provides that where a small scheme in wind up prepares an Annual report, it does not have to include any actuarial statement regarding satisfaction of the funding standard.

A new Article 20 is inserted requiring the scheme administrator to furnish information specified in Schedule J to the Board within 9 months of the end of each scheme year for scheme years commencing on or after 1 January 2008. The Schedule J information is required by Eurostat under Regulation (EC) No. 2056/2002.

Schedule B is amended to require the trustees to confirm in the annual report that they have received trustee training in line with the requirements of section 59AA of the Act and to confirm that they have access to the latest edition of the Board's trustee training handbook and the Pensions Board Guidance notes.

Schedule D Parts I and II are amended in paragraphs 1(g) and 15(d) to require the maximum amount of the current State Pension (Contributory) to be stated.

Paragraph 25 of Schedule D Part II is amended to specify the information required to be specified in the Statement of Reasonable Projection — DC as part of the annual Member Benefit Statement and to specify the additional information which must be furnished where the Statement of Reasonable Projection — DC is furnished otherwise than as part of the annual Member Benefit Statement.

Similar changes, where appropriate, have been made to the Trust RACs (Disclosure of Information) Regulations 2007 (S.I. No. 182 of 2007).

Last modified:09/02/2011
 

 Related Topics

 
 

 Application Forms

 
 

 Intreo/Local Office Locator

 
Search for your local office
img