The Occupational Pension Schemes (Transfer Values) Regulations (Northern Ireland) 1996

Guaranteed statements of entitlement

6.—(1) The guarantee date in relation to a statement of entitlement such as is referred to in section 89A (salary related schemes: right to statement of entitlement) must be within a period of 3 months beginning on the date of the member’s application under that section for a statement of entitlement, or, where the trustees of the scheme are for reasons beyond their control unable within that period to obtain the information required to calculate the cash equivalent mentioned in section 89A(1), within such longer period as they may reasonably require as a result of that inability, provided that such longer period does not exceed 6 months beginning on the date of the member’s application.

(2) The guarantee date must be within the period of 10 days (excluding Saturdays, Sundays, Christmas Day, New Year’s Day and Good Friday) ending with the date on which the statement of entitlement is provided to the member.

(3) A member who has made an application under section 89A(1) for a statement of entitlement may not within a period of 12 months beginning on the date of that application make any further such application unless the rules of the scheme provide otherwise or the trustees allow the member to do so.

(4) Subject to paragraph (3), any application for a cash equivalent made by a member of a salary related scheme which does not result in the member acquiring a right to a guaranteed cash equivalent under section 90(1)(aa) shall be treated as if it were an application under section 89A(1) for a statement of entitlement.