SCHEDULE 3 Pensions Guidance

SCHEDULE 3 Pensions Guidance

Section 47

1

The Financial Services and Markets Act 2000 is amended as follows.

2

.Ìý.Ìý.

3

.Ìý.Ìý.

4

.Ìý.Ìý.

5

.Ìý.Ìý.

6

After section 137FA insert—

“FCA general rules: disclosure of information about the availability of pensions guidance

137FB

(1)     The FCA must make general rules requiring information about the availability of pensions guidance to be given by the trustees or managers of a relevant pension scheme to members of the scheme, and survivors of members of the scheme, with subsisting rights in respect of any flexible benefits.

(2)     Before the FCA publishes a draft of any rules to be made by virtue of this section, it must consult—

(a)     the Secretary of State, and

(b)     the Treasury.

(3)     In determining what provision to include in the rules, the FCA must have regard to any regulations that are for the time being in force under section 113 of the Pension Schemes Act 1993 concerning the giving of information about the availability of pensions guidance to members of pension schemes, and survivors of members of pension schemes, with subsisting rights in respect of any flexible benefits.

(4)     In this section—

Powered by Lexis+®

Popular documents