227. Statutory independent trustee disclosure requirements and penalty.

227.     Statutory independent trustee disclosure requirements and penalty.

A trustee appointed under a specified statutory power1 must furnish the following information in accordance with the prescribed requirements2:

  1.  

    (1)     the name and address of the appointed trustee;

  2.  

    (2)     the scale of fees that will be chargeable by the appointed trustee and payable by the scheme;

  3.  

    (3)     details of each of the amounts charged to the scheme by the appointed trustee in the past 12 months3.

The appointed trustee must furnish the information specified in head (1) in writing to every member4 or relevant trade union5 as of course within