Occupational and Personal Pension Schemes (Disclosure of Information) (Statements of Benefits: Money Purchase Benefits) (Amendment) Regulations 2021
UK | Active
This instrument makes amendments to the regulations governing the disclosure requirements for occupational pension schemes and personal pension schemes. The amendments place a new requirement on trustees or scheme managers of certain occupational and personal pension schemes offering money purchase benefits (defined contribution (DC) pension schemes) and which are used for automatic enrolment to provide that a statement given to certain members informing them of their pension savings must not exceed one double-sided sheet of A4-sized paper when printed, and the equivalent if printed from an online statement. This is to enable members in automatic enrolment schemes to better engage with their pension savings through a short, simple document which can help increase their awareness and understanding of their pension savings.
| Category | Industries | Standards | Link |
|---|---|---|---|
| Finance | All, Accounting, Agriculture, Automotive, Banks, Chemicals, Construction, Energy Companies, Financial Services, Food and Drink, Healthcare, Logistics, Manufacturing, Payment Services, Security, Technology, Public Sector, Water Companies, Waste | ISO 9001 | View Legislation |
Additional Data
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