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PART 5E+W+SFunding statements, benefit statements and illustrations

[F1Statements of benefits: collective money purchase schemesE+W+S

17A.(1) The information mentioned in paragraph 2 must be given in accordance with this regulation to a member of a collective money purchase scheme who is not—

(a)an excluded person, or

(b)a member to whom benefits under the scheme have, or are about to, become payable.

(2) The information is—

(a)for active members, the information listed in Parts 1, 2 and 4 of Schedule 6A,

(b)for deferred members, the information listed in Parts 1, 2, 3 and 5 of Schedule 6A. and

(c)for pension credit members, the information listed in Parts 1 and 3 of Schedule 6A.

(3) The information must be given—

(a)no more than 12 months after the effective date of the first actuarial valuation, and

(b)thereafter, no more than 12 months after the end of each scheme year.

(4) In this regulation, “the effective date” is the date by reference to which the available assets of the scheme are determined.

(5) A notification need not be given under regulation 27 in relation to the information on the website that is also given to the person in accordance with paragraphs 15 and 16 of Schedule 6A (statements of benefits: collective money purchase benefits).]