Requirement to provide risk warnings in relation to safeguarded-flexible benefits
- Provide risk warnings to members/survivors with safeguarded-flexible benefits
Northern Ireland Statutory Rule
2015
United Kingdom
The Pension Schemes Act 2015 (Transitional Provisions and Appropriate Independent Advice) Regulations (Northern Ireland) 2015
At a glance
What's here
2 compliance obligations
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Circumstances in which an employer is required to arrange or pay for advice
- Arrange and pay for independent advice when sending pension conversion/transfer communications
Browse 13 other sections — procedural / definitional / commencement
Citation, commencement and interpretation
Transitional provisions relating to the coming into force of section 51 of the Act
Appropriate independent advice – further requirements
Meaning of authorised independent adviser
Exception to section 51(1) of the Act
Information to be provided to the member or survivor
Form of confirmation of appropriate independent advice
Information to be provided on initial enquiry
Meaning of “relevant guarantee”
Content of risk warnings in relation to safeguarded-flexible benefits
Determination of whether exception applies and check that advice received
Information to be provided where the value of cash equivalent is increased or reduced
Requirement to check that the authorised independent adviser has permission to carry on regulated activity
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