Disclosure requirements for occupational and personal pension schemes—the 2013 disclosure regulations
Disclosure requirements for occupational and personal pension schemes—the 2013 disclosure regulations

The following Pensions guidance note provides comprehensive and up to date legal information covering:

  • Disclosure requirements for occupational and personal pension schemes—the 2013 disclosure regulations
  • Introduction of new disclosure regime from 6 April 2014
  • Scope of the 2013 Disclosure Regulations
  • Application of 2013 Disclosure Regulations
  • Regs 6–7—basic scheme information
  • Reg 8—material alterations to basic scheme information
  • Reg 9—DB scheme modifications made by the Pensions Regulator
  • Reg 10—information on removal from stakeholder register
  • Reg 11—constitution of the scheme
  • Reg 12—annual reports
  • more

FORTHCOMING DEVELOPMENT 1: The Pension Schemes Bill 2020 was reintroduced in Parliament on 7 January 2020. This 2020 Bill (which differs from its withdrawn 2019 predecessor only in minor ways) introduces a framework for the production of pensions dashboards, including the introduction of new powers in the Pensions Act 2004 requiring trustees of occupational pension schemes and pension providers to provide information to the pensions dashboard service. A lot of the finer detail on the specific design features of the dashboard system including data requirements, compliance and enforcement is yet to be published in regulations. The Bill also amends the Financial Services and Markets Act 2000 (FSMA) to require the Financial Conduct Authority (FCA) to make corresponding rules for pensions dashboards relating to personal and stakeholder pension schemes. For more information, see News Analysis: The Pension Schemes Bill 2020 (Part 3)—framework for pensions dashboard re-introduced.
FORTHCOMING DEVELOPMENT 2: On 31 October 2019, the DWP launched a consultation seeking views on three related matters. First, understanding how best to deliver simpler and more consistent annual pension benefit statements across the pensions industry; there are several options contemplated to achieve this, including mandating the use of a simpler annual benefit statement