Occupational Pension Schemes (Disclosure of Information) Regulations 1996

JurisdictionUK Non-devolved
CitationSI 1996/1655
(1) These Regulations may be cited as the Occupational Pension Schemes (Disclosure of Information) Regulations 1996 and shall come into force on 6th April 1997.in the case of an employed earner, the secondary contributor (within the meaning of section 7 of the Social Security Contributions and Benefits Act 1992 in the case of a self-employed earner, any other person, government department or public authority who has made, or is to make, payments to the scheme in respect of the earner;F86“excluded person” means a member or beneficiary—whose present postal address and electronic address is not known to the trustees of the scheme; andin respect of whom the trustees of the scheme have sent correspondence to their last known—postal address and that correspondence has been returned, orelectronic address and the trustees of the scheme are satisfied that that correspondence has not been delivered;“funded”, in relation to benefits under a scheme, means provided by setting aside resources (other than assets at the disposal of the employer of any person who is employed in relevant employment) in advance which are related to the intended rate or amount of the benefits;F40‘illustration date’ means, in relation to any information provided, or to be provided, under paragraph 6ZA(1) of Schedule 2, the date specified by the trustees as the date by reference to which amounts are calculated for the purpose of providing the information;“independent person” has the meaning given in section 23(3) of the 1995 Act;F120“jobholder information” means the information specified in regulation 3 of the Occupational and Personal Pension Schemes (Automatic Enrolment) Regulations 2010.“managers” has the meaning given in section 124(1) of the 1995 Act;“member” has the meaning given by section 124(1) of the 1995 Act;“money purchase benefits” means benefits the rate or amount of which are calculated by reference to a payment or payments made by the member, or by any other person in respect of the member, and which are not average salary benefits;F15“money purchase contracted-out scheme" has the meaning given in section 181(1) of the 1993 Act;“money purchase scheme” means a pension scheme under which all the benefits that may be provided F16other than death benefits are money purchase benefits;F27“normal benefit age” has the meaning given by section 101B of the 1993 Act;“normal pension age” has the meaning given by section 180 of the 1993 Act;F28“pension credit” means a credit under section 29(1) (b) of the Welfare Reform and Pensions Act 1999;pension credit member” has the meaning given by section 124(1) of the 1995 Act;“pensionable service” has the meaning given by section 124(1) of the 1995 Act;“pensioner member” has the meaning given by section 124(1) of the 1995 Act;“professional advisers” has the meaning given by section 47 of the 1995 Act;“prospective member” means any person who, under the terms of his contract of service F26or the scheme rules or bothis able, at his own option, to become a member of the scheme,will become so able if he continues in the same employment for a sufficiently long period,will be admitted to it automatically unless he makes an election not to become a member, ormay be admitted to it subject to the consent of his employer;public service pension scheme” has the meaning given by section 1 of the 1993 Act;F57“the Regulator” means the Pensions Regulator established under section 1 of the 2004 Act;“Regulatory Authority” means F38the Pensions Regulator;“relevant employment” means any employment to which the scheme relates;F118‘the relevant guidance’ means the document entitled “Technical Memorandum TM1: Statutory Money Purchase Illustrations” which—is adopted or prepared, and from time to time revised, by F119the Financial Reporting Council Limited;“request” means a request in writing;F41‘retirement date’ means, in relation to a member—the date which he has specified to the trustees, and which is acceptable under the rules of the scheme, for the purpose of paragraph 6ZA(1) of Schedule 2; orwhere no acceptable date has been specified for that purpose, the date specified by the trustees as being the appropriate date for the purpose of paragraph 6ZA(1) ;“scheme” means an occupational pension scheme;“scheme year”, in relation to a scheme, means—a year specified for the purposes of the scheme in any document comprising the scheme or, if none, a period of 12 months commencing on 1st April or on such other date as the trustees select; orin connection with the commencement or termination of the scheme, orin connection with a variation of the date on which the year or period referred to in paragraph (a) is to commence;

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