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The Disclosure of Information Regulations

Monday, July 9, 2012

The Disclosure of Information regulations are to be amended with effect from 1 October 2012.

These regulations set out the pensions information that trustees are required to provide to scheme members and other interested parties. With effect from 1 October 2012, members who are subject to automatic enrolment should be provided with basic information about the pension scheme within one month from the date that the pension scheme receives jobholder information from the employer. The current timescale is two months from the date of a member joining the scheme. The DWP has also amended the basic scheme information requirements regarding how members are admitted to an occupational scheme in order to cover the full range of scenarios which might arise.

Therefore, where a scheme is to be used as a qualifying scheme for auto enrolment the new disclosure requirements should be reflected in member communications.

Thank you for all your assistance in helping to meet the deadline for the capital reduction exercise – your professionalism and friendly approach was appreciated.

Finance Director - Leading UK Company

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