SCHEDULES

SCHEDULE 7Information to be given by schemes that relates to accessing benefits F2and to benefit adjustments

Annotations:
Amendments (Textual)

F1PART 3Information to be given to members having an opportunity to transfer flexible benefits

Annotations:
Amendments (Textual)

11

A statement that the member has an opportunity to transfer flexible benefits to one or more different pension providers.

12

A statement that different pension providers offer different options in relation to what the member can do with the flexible benefits, including the option to select an annuity.

13

A statement that different options have different features, different rates of payment, different charges and different tax implications.

14

Either—

a

a copy of guidance that explains the characteristic features of the options referred to in paragraph 13 that has been prepared or approved by the Regulator, or

b

a statement that gives materially the same information as that guidance.