- Latest available (Revised)
- Original (As made)
There are currently no known outstanding effects for the The Pensions Act 2007 (Abolition of Contracting-out for Defined Contribution Pension Schemes) (Consequential Amendments) Regulations 2011, Section 8.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
8.—(1) The Occupational Pension Schemes (Disclosure of Information) Regulations 1996 M1 are amended as follows.
(2) In regulation 5 (information to be made available to individuals)—
(a)for paragraph (7) substitute—
“(7) Subject to paragraph (7ZA), where a scheme ceases to be a money purchase contracted-out scheme by virtue of section 15(1) of the Pensions Act 2007 M2, the trustees of the scheme shall inform each member in relation to whom the scheme has ceased to be such a scheme (“the affected member”), as soon as practicable, and in any event not more than 1 month after the abolition date, that the scheme is no longer a money purchase contracted-out scheme, and furnish the affected member, as soon as practicable and in any event not more than 4 months after the abolition date with—
(a)the information mentioned in paragraph 8 of Schedule 2, and
(b)except where the scheme is able to meet in full its liabilities to the affected member , the information mentioned in paragraph 10 of Schedule 2.”,
(b)after paragraph (7) insert—
“(7ZA) Paragraph (7) does not apply where the trustees of the scheme have informed the affected member of the date on which the scheme is to cease to be a money purchase contracted-out scheme and have furnished the information specified in paragraph (7)(a) and, if applicable, paragraph (7)(b), within the period of 12 months ending with the abolition date.”, and
(c)omit paragraph (7A) M3.
(3) In Schedule 1 (basic information about the scheme), in paragraph 10, omit the words from “, and whether the scheme is contracted-out” to the end.
(4) In Schedule 2 (information to be made available to individuals)—
(a)in paragraph 5(a), for “for the whole or any part of the period” substitute “ at any time before the abolition date ”,
(b)in paragraph 6ZA M4—
(i)in sub-paragraph (3)(b)(i), at the end insert “ and ”,
(ii)omit sub-paragraph (3)(b)(iii), and the word “and” immediately preceding it, and
(iii)in sub-paragraph (7)(d) for “sub-paragraphs (3)(b)(iii) and (4)” substitute “ sub-paragraph (4) ”,
(c)in paragraph 8—
(i)paragraph 8 is renumbered as sub-paragraph (1) of that paragraph,
(ii)in sub-paragraph (1) as so renumbered, omit “in relation to the member's employment”, and
(iii)after sub-paragraph (1) as so renumbered, add—
“(2) A statement that, as a result of no longer being a member of a contracted-out scheme, the member may build up entitlement to an additional state pension from the date the scheme ceased to be a money purchase contracted-out scheme.”, and
(d)omit paragraph 8A M5.
Marginal Citations
M3Regulation 5(7A) was inserted by S.I. 2000/2691.
M4Paragraph 6ZA was inserted by S.I. 2002/1383 and amended by S.I. 2005/2877 and 2010/2659.
M5Paragraph 8A was inserted by S.I. 2000/2691.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: