Pensions Act, 1990

PART V

Disclosure of Information in Relation to Schemes

Disclosure of information in relation to schemes.

54.—(1) It shall be the duty of the trustees of a scheme to furnish. information to the persons specified in subsection (2) on the following, that is to say—

(a) the constitution of the scheme,

(b) the administration and finances of the scheme,

(c) the rights and obligations that arise or may arise under the scheme, and

(d) such other matters as appear to the Minister to be relevant to schemes in general or to schemes of a particular description to which the scheme belongs and are prescribed.

(2) The persons to whom subsection (1) relates are—

(a) the members and prospective members of the scheme,

(b) the spouses of members and prospective members of the scheme,

(c) persons within the application of the scheme and qualifying or prospectively qualifying for its benefits,

(d) an authorised trade union representing the members concerned.

(3) Notwithstanding subsection (1), the Minister may by regulations provide that information in relation to such of the matters aforesaid as may be specified shall be furnished by the trustees of the scheme to such of the persons specified in subsection (2) as may be specified in the regulations only if so requested by those persons.

(4) (a) The trustees, the actuary or the auditor of a scheme may request an employer to whom the scheme relates to furnish them or him with such information as they or he may reasonably require for the purposes of their or his functions under this Act or regulations thereunder and the employer shall comply with any such request.

(b) The actuary or the auditor of a scheme may request the trustees of the scheme to furnish him with such information as he may reasonably require for the purposes of his functions under this Act or regulations thereunder and the trustees shall comply with any such request.

(5) A person who contravenes subsection (1) or (4) or regulations under subsection (3) shall be guilty of an offence and shall be liable on summary conviction to a fine not exceeding £1,000.

(6) In this section “authorised trade union” means a body to whom a negotiation licence (within the meaning of Part II of the Trade Union Act, 1941 ) was issued under the said Part II.