Annual Benefit Statements – a member may question the information shown on their statement. The Scheme Administrator will deal with these questions, but you will need to deal with any payroll data queries;
enquiries about buying added pension or relating to ongoing added years or pension contracts (see note 1);
CSP valuations or enquiries for divorce purposes – pension benefits can be taken into account when a member negotiates their divorce settlement. The Scheme Administrator must give the member or their representatives certain information to do this;
opting out, rejoining and automatic re-enrolment into the CSP scheme (see ‘Changing pension arrangements’ section 5.9);
switching schemes (see note 1);
applying to transfer their pension benefits in another scheme into the CSP arrangements;
alpha members can also request to make contributions to an EPA portion of their alpha pension.
Note 1 - You will need to establish how the Scheme Administrator tells your payroll of changes in contributions rates that may occur in these circumstances, if you have not already done so.
5.1.4 From time to time we will ask you to give members information and guidance about the scheme or changes to the scheme. We will normally ask you to issue an office notice and give you the text to use. We ask that you do not change this text because of the technical nature of pensions. These notices must be issued quickly. Failure to give members timely information could lead to compensation claims against you if members miss a valuable opportunity.
5.1.5 The Scheme Administrator will provide members with an ABS. This will tell the member about the pension benefits they have earned in the CSP arrangements so far and other important information about their pension and scheme membership.
The Scheme Administrator issue annual statements to members’ home addresses (excluding those for secure members or employers who have agreed alternative arrangements). You must ensure that you provide the Scheme Administrator with up-to-date information about members’ home addresses prior to the start of statement distribution. You will be notified of the dates in an Employer Pension Notice (EPN).