The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
78 Benefits and schemes treated as money purchase before the appointed day
(1) Where the conditions specified in paragraph (2) are met— (a) the trustees or managers of an occupational pension scheme are not, in relation to any period before the appointed day, required to supply information under the provisions specified in paragraph (2)(c); and (b) neither— (i) regulation 11 (civil penalties) of the Occupational Pension Schemes (Disclosure of Information) Regulations 1996 (“the 1996 Disclosure Regulations”); nor (ii) regulation 5 (civil penalties relating to occupational pension schemes) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (“the Disclosure Regulations”), applies in relation to a failure to provide information required under the provisions specified in paragraph (2)(c) in relation to a period before the appointed day. (2) The conditions specified in this paragraph are that, before the appointed day— (a) members of an occupational pension scheme— (i) had, under the scheme, accrued rights to cash balance benefits, a defined benefit minimum (in relation to money purchase underpin benefits) or top-up benefits; or (ii) were entitled to a pension derived from cash balance benefits or money purchase benefits; (b) the trustees or managers of the scheme treated benefits specified in sub-paragraph (a) as money purchase benefits or treated the scheme as a money purchase scheme; and (c) the trustees or managers did not supply to members of the scheme information specified in the following provisions— (i) in the 1996 Disclosure Regulations— (aa) paragraph 4 of Schedule 2, in accordance with regulation 5(4) (information to be made available to individuals); (bb) paragraph 16 of Schedule 2, in accordance with regulation 5(12)(a); (cc) paragraphs 17 to 22 of Schedule 2, in accordance with regulation 5(12ZA) and subject to regulation 5(16); (dd) regulation 6(1)(b) to (d) (availability and content of annual report); (ee) regulation 7(1)(a) to (ca) and (e) (availability of other documents); (ii) in the Disclosure Regulations— (aa) Part 3 of Schedule 3 (information on funding principles and actuarial valuations etc), in accordance with regulation 13 (other information to be given on request); (bb) Schedule 4, in accordance with regulation 15(1) (summary funding statements); (cc) Schedule 5, in accordance with regulation 16 (statements of benefits: non money purchase benefits); (dd) paragraph 16 of Schedule 8 (information on expected benefits), in accordance with regulation 25(2)(b)(ii) (occupational pension schemes after winding up for individual members).
78 Benefits and schemes treated as money purchase before the appointed day
(1) Where the conditions specified in paragraph (2) are met— (a) the trustees or managers of an occupational pension scheme are not, in relation to any period before the appointed day, required to supply information under the provisions specified in paragraph (2)(c); and (b) neither— (i) regulation 11 (civil penalties) of the Occupational Pension Schemes (Disclosure of Information) Regulations 1996 (“the 1996 Disclosure Regulations”); nor (ii) regulation 5 (civil penalties relating to occupational pension schemes) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (“the Disclosure Regulations”), applies in relation to a failure to provide information required under the provisions specified in paragraph (2)(c) in relation to a period before the appointed day. (2) The conditions specified in this paragraph are that, before the appointed day— (a) members of an occupational pension scheme— (i) had, under the scheme, accrued rights to cash balance benefits, a defined benefit minimum (in relation to money purchase underpin benefits) or top-up benefits; or (ii) were entitled to a pension derived from cash balance benefits or money purchase benefits; (b) the trustees or managers of the scheme treated benefits specified in sub-paragraph (a) as money purchase benefits or treated the scheme as a money purchase scheme; and (c) the trustees or managers did not supply to members of the scheme information specified in the following provisions— (i) in the 1996 Disclosure Regulations— (aa) paragraph 4 of Schedule 2, in accordance with regulation 5(4) (information to be made available to individuals); (bb) paragraph 16 of Schedule 2, in accordance with regulation 5(12)(a); (cc) paragraphs 17 to 22 of Schedule 2, in accordance with regulation 5(12ZA) and subject to regulation 5(16); (dd) regulation 6(1)(b) to (d) (availability and content of annual report); (ee) regulation 7(1)(a) to (ca) and (e) (availability of other documents); (ii) in the Disclosure Regulations— (aa) Part 3 of Schedule 3 (information on funding principles and actuarial valuations etc), in accordance with regulation 13 (other information to be given on request); (bb) Schedule 4, in accordance with regulation 15(1) (summary funding statements); (cc) Schedule 5, in accordance with regulation 16 (statements of benefits: non money purchase benefits); (dd) paragraph 16 of Schedule 8 (information on expected benefits), in accordance with regulation 25(2)(b)(ii) (occupational pension schemes after winding up for individual members).
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
How this law is officially changed
Solon does not know this law's official route yet. The proposal is recorded all the same, and the route appears here once its source is added.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.